48117
ETC GROUP
Apr 24, 2025
Africa Region
Africa
Sep 20, 2025
A - Significant
Active
Nov 15, 2025
Regional Industry - MAS Africa
other
Approved : Sep 11, 2025
Signed : Sep 30, 2025
Invested : Nov 13, 2025
Grains, Soy and Pulses
The proposed IFC investment of up to US$100M unsecured loan as part of a US$155M debt package (6 years, including a 2-year grace) to ETC Group (“ETG” or “the Group” or “the Company”) to support the expansion of its edible oil facilities in Malawi, Rwanda and Zambia as well as general working capital purposes (the “Project”). IFC is to mobilize at least US$55M through its syndication partners.
ETG is an existing IFC client. They are a vertically integrated agricultural supply chain manager involved in the origination, procurement, warehousing, logistics of multiple agricultural commodities and processing of consumer products. It is active in over 26 African countries, as well as in India, China and South East Asia and has additional trading, merchandising and/or treasury desks in Europe, the Americas and the Middle East
ETG has expressed interest in benefiting from IFC's Upstream support to facilitate conversion of its edible oil facility boilers from coal to sustainable biomass. The company has launched the initiative, and IFC support would help finalize the testing of feedstock and the feasibility studies to identify the project cost and technical specifications of equipment.
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Local Access of Project Documentation
Same as under Project Location.