Hogan Lovells Cadwalader advises CDP on a €50 million financing in favour of ETC Group to support Africa’s agri-food supply chain

The financing, provided as part of a syndicate loan alongside other international financial institutions under the Mattei Plan, will support the development of the agricultural supply chain across Africa while fostering social inclusion and economic growth in the priority countries of the Mattei Plan.

The financing falls within the framework of the Plafond Africa, the instrument promoted by the Italian Government under the Mattei Plan, and is backed by an Italian State guarantee covering 80% of the principal amount and related interest.

The funds will support ETG’s operations across the African continent, from sourcing agricultural products from smallholder farmers to their processing and subsequent distribution to markets. In particular, the financing will contribute to the maintenance and modernization of the Group’s infrastructure network in Africa, strengthening its operational and logistics capabilities. CDP’s intervention will help reinforce economic ties between Africa and Italy while supporting the development of sustainable, resilient, and high value-added supply chains.

Hogan Lovells Cadwalader advised CDP with a cross-border team led by partner Bianca Caruso, and included trainee Giovanni D’Apollo on Italian law aspects, and by partners Andrew Taylor and Ali Rahail, counsel Ahmet Kalafat and associate Anton Sokolov on English law matters.