UK Firm To Support Nigerian Farmers, Others With $100m

CDC Group, the United Kingdom (UK)’s development finance institution and impact investor, has announced a $100 million debt commitment to ETG, an agricultural conglomerate connecting smallholder farmers to global markets through its operations in 48 countries worldwide. The debt commitment will support the growth of ETG’s food and agriculture business and it will help ETG strengthen food value chains by expanding its logistic networks, boosting agriculture yields and the production of staple foods such as grains, rice and cocoa. ETG has long standing relationships with over 550,000 smallholder farmers across Africa, it helps to significantly improve their livelihoods by providing consistent future demand for their produce through access to regional and global markets; this enables their business to grow and ultimately improve their way of life. Operating a two-way logistics model, ETG drops fertilisers at the farmgate – improving crop quality – and then picks up the farmers produce to sell on the global market…
 
More details through:
https://www.newtelegraphng.com/uk-firm-to-support-nigerian-farmers-others-with-100m/
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