In the fiscal year ended March 31, 2012, ETG procured and distributed nearly 1.4 million metric tons of 25 different commodities. Eighty-percent of the Company’s Africa-originated stock was procured from smallholder farmers. Individually, these farmers have no opportunity to integrate into the global economy. However, ETG consolidates hundreds of thousands of farmers into a supply chain and creates the scale and efficiency necessary to be globally competitive. ETG is committed to the economic and social development of the smallholder farmers and the regions in which they live.
Ketan Patel, Managing Director of ETG, said, “We are excited to partner with The Carlyle Group and Pembani Remgro and extend our relationship with Standard Chartered Private Equity. The new capital will allow us to expand operations across Sub-Saharan Africa, India, China and South-East Asia and create new markets for African smallholder farmers.”
Ronald Tamale, a Director at SCPE, added “We are delighted to welcome The Carlyle Group and Pembani Remgro into the shareholding of ETG. As both a bank and private-equity investor, Standard Chartered has been supporting the growth and development of ETG for many years. The introduction of these two new shareholders will accelerate our collective efforts to build a world-class global business.”
About Export Trading GroupETG owns and manages a vertically-integrated agriculture supply chain across the African subcontinent with operations spanning procurement, processing, warehousing, transport, distribution and merchandising. The company prides itself on connecting smallholder farmers to the global economy and the global economy back to smallholder farmers through a value chain that operates between the farm gates of emerging markets and supermarket shelves around the world. ETG owns and manages the supply chain from start to finish and is able to maximise efficiencies at every stage of the continuum by matching market origination capacities in one area with market consumption patterns in another. In FY2012, ETG procured and distributed almost 1.4 million metric tonnes of 25 different commodities including maize, pulses, wheat, rice, sugar, oilseeds, cashew nuts, coffee, tea, fertiliser and farm implements. Eighty percent of the African-originated stock was procured at the farm gate level. For more information visit: www.etgworld.com. About The Pembani Remgro Infrastructure Fund The Pembani Remgro Infrastructure Fund was recently established as a partnership between Phuthuma Nhleko and Remgro Limited. It is structured as a long term fund and seeks to invest equity in infrastructure and related opportunities across the African continent.