DEG’s Post

Landmark USD 400m Sustainable Linked Loan (SSL) to ETG for agricultur transformation signed last week in Johannesburg. DEG is proud to participate together with our longstanding partners FMO - Dutch entrepreneurial development bank, Proparco, FinDev Canada and The OPEC Fund for International Development. ETG does focus on agricultural trading and processing. The DFI facility will be joined by a commercial facility of USD 125m mobilizing private sector. Through the SLL all investors agreed to a holistic set of indicators, i.a. farmer support services, increasing biodiversity by landscape restoration, pioneering renewable energy projects. Many thanks to ETG in particular Paul Spaendonk, Van, the mastermind behind the facility, Shekhar Nautiyal and many other ETF colleagues. Sincere thanks as well to FMO and Trade and Development Bank Group - TDB Group lead arranging. And last but not least many thanks to all DEG colleagues who have contributed to the transaction.