TVS Motor appoints ETG Logistics as new distributor in South Africa

SOUTH AFRICA – India’s TVS Motor has partnered with ETG Logistics (ETGL) as their new distribution partnership in South Africa. ETGL will operate 30 dealerships for TVS Motor Company in South Africa as part of this partnership and the company will also support TVS Motor with dedicated sales, service, spares and customer relationship management (CRM), including the assembly set-up and training center in Johannesburg. Speaking on the occasion, R Dilip, president – international business, TVS Motor, said: “We are delighted to partner with the reputed global conglomerate, ETGL, to expand…

Read More

ACF secures US$115m funding led by FMO to expand its operations in Africa

AFRICA – Agri Commodities and Finance (ACF), a trading companies of Export Trading Group (ETG), has secured US$115 million syndicated loan facility from FMO, FinDev Canada, and OeEB to improve and expand its operations in Africa. FMO acted as lead arranger in this syndicated facility that will indirectly support an estimated 600,000 smallholder farmers and the communities, while also contributing to more sustainable and climate-resilient agricultural practices across the continent. The syndicated loan facility will allow ETG to strengthen and expand its operations across the agricultural value chain. Improved processing…

Read More