IFC backs ETG Group again

The private investment arm of the World Bank, is going to back the medium-term expansion of ETC Group (ETG), incorporated in Mauritius and specializing trading in food and drink products.

$210m investment to support rice, barley growth

Part of the $210 million that the Pembani Remgro Infrastructure Fund and the Carlyle Group will invest in the Export Trading Group will be invested in Mbeya rice farms In Tanzania, where the group would cultivate rice and barley.