Markets Kenyan and international manufactured goods in East and Central Africa.
Present owners acquire the company at the end of this period, and introduce it into the East and African market as an agricultural participant.
ETG emerges as a major supplier in food aid operations, with the UN World Food Programme becoming its biggest customer. To service these contracts, trading routes are established in Uganda, Ethiopia and nearby countries.
Operations are also extended into Southern Africa, with Malawi being introduced into the company footprint.
Corporate head office established in Tanzania.
Investment in storage infrastructure throughout Tanzania to support trading activities.
The initial years where we began replication of procurement infrastructure and offices in other African countries.
Agricultural processing is introduced to the business.
Fertilizer and rice imports begin, for sale domestically or regionally, in countries where operations exist.
Investment in commercial farming, acquisition of a rice estate in Tanzania and the largest commercial cereal farm in Africa, located in Zambia.
Set up of commodities trading and agro-processing operations in India.
Expansion of business activities in existing and new African countries and globally.
Significant processing acquisitions in maize, soyabeans, wheat, nuts and coffee.
Raised USD210 million equity with Standard Chartered Private Equity and acquires new partners; Pembani Remgro Infrastructure Managers and the Carlyle Group
Term loans raised with IFC and PROPARCO to support the the capital expenditure program.
Actively commenced building brands for our processed and consumer packaged products.
Volume of commodities handled surpasses one million metric tons and our global storage capacity reaches 1.8m metric tonnes.
Standard Chartered Private Equity acquires a share in the ETC Group (Mauritius).
Established three new commodity desks: cotton, oil seeds and sugar.
Expanded into 11 West African countries as well as into Asia and South East Asia.
ETG opens one of the largest pulses processing plants of its kind in the world in Khopoli, India.
Started operations in Australia.
Procured and distributed 4.3 million metric tonnes of commodities in this year.
Pradipkumar Patel, one of the founders and pioneers of ETG and who played an instrumental role in the development of the Group, passed away.
Structured the business into five verticals; 1. Consumer Brands 2.Fertilizer 3.Exchange Traded Commodities 4.Cash Traded Commodities 5.Warehouse & Logistics.
Carlyle’s 7.32% stake in ETC Group was bought back by Export Trading Group PTE Ltd, Singapore.
Commodity volumes procured and distributed equated to approximately 5 million metric tonnes.