Description
ETC Agro is a subsidiary of ETC Group based out of Togo. The company is involved in sourcing/procurement and import/export of raw cashew nuts, cocoa beans, soya beans, sesame seeds, fertilizers, rice, and urea.
Market Opportunity/ Problem
There is huge opportunity for Soya Beans Processing in Togo. Beans are currently exported to Asian countries to be processed. ETG plans to process the same in Togo and export the finished product. The processed soya meal will be used for animal feed while the crude oil extracted during the process will be sold locally.
Company Information
Years of operation
5
Type of organization
Private company
Stage of the business
Mature
Agribusiness focus
Value addition/ processing
Agriculture value chain(s) focus?
Cash Crops
Primary country of operation
Togo
Other country(ies) of operation
Ivory Coast, Nigeria, Cameroon, Ecuador, Tanzania, Ghana etc
How many employees does your business have?
30+
Does the business have more than 30% women ownership?
No
Does the business have more than 30% youth ownership (under 35 years)?
No
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
>1m
What is the split between equity and debt?
Equity: 20% and Debt: 80%