Symbiotics and Oikocredit invest in ETG to support West Africa cocoa and cashew value chains
The loan will help create an additional 200 jobs and support the work of 70,000 smallholder farmers in Cote d’Ivoire, Ghana and Nigeria
Symbiotics and Oikocredit have extended a loan of US$ 30.8 million to Agri Commodities & Finance FZ-LLC, the main trading company of the UAE-based Export Trading Group (ETG).
ETG is a global leader in the agriculture commodities market, offering the collection of agriculture products and supply chain solutions across five continents. The loan will support growth in ETG’s cocoa and cashew operations in West Africa for the next three years.
Yves Komaclo, Oikocredit's Investment Manager for West Africa, stated: "We are very pleased to support ETG, as their focus on smallholder farmers aligns well with Oikocredit’s mission. Our collaboration will help sustain a market outlet for cocoa and cashew farmers, then in turn, improve livelihoods of farmer communities and contribute to the professionalisation of affiliated farmer organisations.”
Archive > 2021 > November
- 30/11/2021 30/11/2021, 11:00 - Nicaraguan coffee smallholders to benefit from IDH Farmfit Fund and Oikocredit co-investment in Aldea Global
- 30/11/2021 30/11/2021, 11:00 - IDH Farmfit Fund and Oikocredit co-investment in Aldea Global to support Nicaraguan coffee smallholders
- 17/11/2021 17/11/2021, 11:00 - Symbiotics and Oikocredit invest US$ 30.8 million in ETG to support West Africa cocoa and cashew value chains
- 17/11/2021 17/11/2021, 11:00 - Symbiotics and Oikocredit invest in ETG to support West Africa cocoa and cashew value chains
- 16/11/2021 16/11/2021, 16:33 - Q3 2021 quarterly report: Cautious optimism
- 16/11/2021 16/11/2021, 16:30 - Mirjam ‘t Lam appointed as Managing Director of Oikocredit
- 16/11/2021 16/11/2021, 16:28 - Mirjam ‘t Lam appointed Oikocredit’s Managing Director
- 15/11/2021 15/11/2021, 11:36 - Oikocredit partners Crecer and Fonkoze shortlisted for European Microfinance Award 2021 for Inclusive Finance and Healthcare
- 05/11/2021 05/11/2021, 12:10 - Oikocredit holds general meeting in December
- 04/11/2021 04/11/2021, 12:26 - Capacity building for agriculture [interview]
- 03/11/2021 03/11/2021, 11:00 - Oikocredit strengthens its financial inclusion portfolio with an investment in Union des Caisses de Credit Mutuel du Sénégal
- 03/11/2021 03/11/2021, 11:00 - Oikocredit expands its financial inclusion portfolio with the latest investment in Senegal
- 01/11/2021 01/11/2021, 10:00 - Opportunity International and Oikocredit announce US $100 million impact investment agreement to advance the education sector in low-income countries
- 01/11/2021 01/11/2021, 10:00 - Oikocredit and Opportunity International announce impact investment of USD 100 million to advance education in low-income countries