PROJECT

Projects

Summary of Investment Information

Project Number

48117

Company Name

ETC GROUP

Date SPI Disclosed

Apr 24, 2025

Country

Africa Region

Region

Africa

Projected Board Date

Sep 20, 2025

Environmental Category

A - Significant

Status

Active

Last Updated Date

Nov 15, 2025

Department

Regional Industry - MAS Africa

Industry

other

Previous Events

Approved : Sep 11, 2025
Signed : Sep 30, 2025
Invested : Nov 13, 2025

Sector

Grains, Soy and Pulses

Project Description

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

 

Associated Advisory Engagement

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.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation