Summary of Anticipated Development Impacts
- The development impact value proposition of this transaction is to improve agricultural output and market opportunities for smallholder farmers in Sub-Saharan Africa (“SSA”), including in least developed countries (“LDCs”), create and maintain local jobs, while providing climate adaptation services to smallholder farmers.
- This transaction comes as part of FinDev Canada’s COVID-19 response to support liquidity for agribusiness in Sub-Saharan Africa.
- Building the agricultural supply chain infrastructure: ETG operates more than 100 processing plants and 450 warehouses and is one of the largest investors in rural processing and logistics in the agricultural sector of SSA, thereby significantly contributing to reducing post-harvest losses.
- Providing inputs and market access to smallholder farmers: ETG is one of the largest importers and distributors of fertilizers and agrichemicals in Africa, reaching smallholder farmers in remote areas which have historically lacked access to agricultural inputs.