ETG

What ETG does

ETG (Export Trading Group), legally ETC Group Mauritius, is a privately held, vertically integrated agricultural conglomerate founded in Kenya in 1967 and now headquartered in Dubai, United Arab Emirates. The group operates across more than 45 countries spanning 6 continents, with a workforce of over 35,000 employees and contractors. ETG's business is structured as a platform-plus-verticals architecture covering the full agricultural value chain: Agri Inputs and Chemicals (fertilizers, agrochemicals, seeds distributed via Village-Based Agents and agro-dealer networks to smallholder farmers across Sub-Saharan Africa), ETG Pulses and Nusrico (food ingredient processing through 26 state-of-the-art facilities across 16 countries, supplying cocoa, cashew, sesame, rice, peanuts, and edible nuts to international food manufacturers under brands including Korosho, Natures Brand, Miau, Wedgewood, and Eat Anytime), ETG Commodities (international trading via UAE-based Agri Commodities and Finance FZ-LLC acting as central treasury), ETG Logistics (port-to-farmgate transport, warehousing, freight forwarding, plus Ashok Leyland commercial vehicle dealerships across 6 Southern African countries), and adjacent businesses including Falcon Gas (LPG distribution across 6 African countries), EIRS insurance and reinsurance brokerage (11 African markets plus UAE and UK hubs), Vamara FMCG, and ETG Climate Solutions.

Revenue is generated primarily through transaction-based commodity trading, agricultural input distribution, processing margins on food ingredients, and logistics services, with insurance via EIRS offering subscription/recurring revenue. ETG's go-to-market combines enterprise field sales targeting smallholder farmers through last-mile distribution networks, agro-dealer channels, and international B2B direct sales to global food manufacturers. Strategic shareholders include South Africa's GEPF (via PIC) and Japan's Mitsui & Co. The company has secured over USD 900 million in cumulative development finance institution debt since 2022, including the largest sustainability-linked loan in African agriculture (USD 394M, 2024), financing working capital expansion, smallholder farmer outreach (target: 1 million farmers), and edible oil processing capacity buildout in Malawi, Rwanda, and Zambia.

ETG's technology stack includes proprietary AI-enabled voice messaging for farmer surveying (25,000 farmers onboarded in Ghana with Farmerline and FinDev Canada), a tiered satellite-based deforestation monitoring system aligned with EUDR compliance, the EHS Insight environmental and safety management platform deployed across 90+ site champions, and the PURPLEWALLET insurance asset surveying application. The group holds ISO 9001, 14001, 45001, 22000 certifications plus IFA Protect & Sustain for fertilizer operations, and complies with IFC Performance Standards (PS 1-8). Recent strategic actions include the Nitrophoska fertilizer blending acquisition (April 2024, 1,000+ MT/day capacity), the Côte d'Ivoire fertilizer plant and port acquisition (August 2024), the Zaad Holdings African seed business acquisition (March 2025), the USD 155M IFC debt package (December 2025), and the Nutrisco-to-Nusrico rebrand of the food ingredients division (February 2026).

Name

ETG

Legal name

ETC Group, Mauritius

Website

https://etgworld.com

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

ETG is a privately held, vertically integrated agricultural conglomerate founded in 1967, operating across 45+ countries with 35,000+ employees. It supplies fertilizers and agri inputs to African smallholder farmers, processes food ingredients (cocoa, cashew, sesame, rice, nuts) through 26 facilities, and trades commodities internationally via a UAE-based treasury hub.

Ownership category

akta.pro rank

Product category

Agricultural Commodities and Inputs Trading

NAICS

Soybean and Other Oilseed Processing (311224)

SIC

Wholesale-Farm Product Raw Materials (5150), Agricultural Services (700), Food And Kindred Products (2000)

akta.pro primary industry

Pulses & Legumes Trading/Wholesale (AFAIAKAG)

akta.pro secondary industries

Farm Technology Enablement & Data Integration Advisory (FMIS/ERP, IoT, Decision Support) (AFACAJAG), Farm Management Information Systems (FMIS) & Farm ERPs (AFAAAFAA)

Keywords

• Agricultural commodities trading
• Agricultural inputs distribution
• Food ingredients processing
• Logistics freight services
• Integrated supply chain

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Agricultural Commodities Trading: ETG trades a wide range of agricultural commodities including rice, cashew nuts, cocoa, nuts, sesame seeds, soybeans, pulses, fertilizers, and agrochemicals through its UAE subsidiary Agri Commodities and Finance FZ-LLC. This serves as the central treasury and trading hub for the group.
2. Agricultural Inputs Distribution: ETG distributes fertilizers, agrochemicals, seeds, and farm equipment through its ETG Inputs HoldCo division. Products are distributed via strategically placed distribution centers and storage facilities close to farmgate, serving smallholder farmers across Africa.
3. Logistics and Freight Services: ETG Logistics provides end-to-end logistics including transport, warehouse management, shipping and freight forwarding, and operates dealership networks for commercial vehicles. It has developed an extensive network of port, city and rural infrastructure supported by logistics assets.
4. Food Ingredients Processing and Distribution: Nusrico (formerly Nutrisco) processes and distributes food ingredients including cashew, edible nuts, rice, sesame, cocoa, and peanuts under brands like Korosho, Natures Brand, Falcon, Namaste, Rhino, Miau, Wedgewood, and Eat Anytime. The business operates 12 state-of-the-art processing facilities across 24 countries.
5. Insurance and Risk Management Services (EIRS): EIRS provides insurance insights and risk management support to commercial and individual customers, offering products such as PURPLEWALLET for asset surveying and policy placement. EIRS operates across 11 African markets with hubs in the UAE and UK.
6. Edible Oil Processing: ETG processes edible oils in facilities in Malawi, Rwanda, and Zambia, supported by an IFC loan of up to $100M as part of a $155M debt package. Operations benefit soybean farmers and the animal feeds market.
7. LPG (Liquefied Petroleum Gas) Distribution: Falcon Gas, an ETG subsidiary, provides LPG solutions across South Africa, Zambia, Malawi, Zimbabwe, Mozambique, and Uganda for households, commercial, and industrial customers. Operations span sourcing, bulk storage, cylinder distribution, retail exchange programs, and industrial supply.

Go-to-market motion4 records

Distribution channels6 records

Marketing channels6 records

Core offering

ETG is an integrated agricultural conglomerate that sources, processes, and distributes agricultural inputs (fertilizers, agrochemicals, seeds) and commodities (cocoa, cashew, sesame, rice, pulses, edible oils, metals, energy) across more than 45 countries spanning six continents. The company operates through vertically integrated business units spanning farmgate procurement via Village-Based Agents and agro-dealers, logistics and freight forwarding, food ingredient processing at 26 state-of-the-art facilities, commodity trading, insurance brokerage, FMCG manufacturing, LPG distribution, and climate solutions. ETG connects smallholder African farmers to international food manufacturers, ingredient companies, and global markets through a single corporate value chain.

Product overview

ETG (Export Trading Group) is a diversified conglomerate with a platform-plus-verticals architecture spanning agricultural inputs, chemicals, logistics, food processing, energy, metals, and supply chain optimization. The core platform encompasses Agri Inputs & Chemicals (fertilizers, agrochemicals, seeds), ETG Pulses (plant-based food ingredients with 26 processing facilities across 16 countries), Nusrico (food ingredients including nuts, sesame, cocoa, rice, cashew), ETG Commodities (agriculture, metals, energy), ETG Logistics (transport, warehousing, shipping, freight), EIRS (insurance with PURPLEWALLET), Vamara (FMCG), and ETG Climate Solutions (carbon abatement, circular economy). Key brands include Korosho (cashews), Natures Brand (sesame), Miau (Spanish food products), Wedgewood (confectionery), and Eat Anytime (nutrition). Acquired brands include Nitrophoska (fertilizer blending in South Africa) and Falcon Gas (LPG energy solutions).

Differentiator

Problem solved

Functional benefit

Brands

• Nusrico: Food and food ingredients business formerly known as Nutrisco, specializing in cocoa, cashew, sesame, rice, nuts and value-added food ingredients. Rebranded in February 2026.
• Falcon Gas
• Vamara
• EIRS
• Korosho
• Natures Brand
• Miau
• Wedgewood
• Eat Anytime
• Racionero
• Agri Armour
• ETG Climate Solutions
• Beyond Beans
• ETG One-Stop-Solution

Products and services

• Agri Inputs & Chemicals Distribution of fertilizers, agrochemicals, seeds, and farm equipment to smallholder farmers, agro-dealers, and farmer organizations across Sub-Saharan Africa via strategically placed distribution centers, storage facilities, Village-Based Agents, and the Nitrophoska fertilizer blending plants in South Africa.
• ETG Pulses Plant-based food ingredients business with 26 state-of-the-art processing facilities across 16 countries, trading in a variety of plant-based food products and specialty pulses for international ingredient buyers.
• Nusrico (formerly Nutrisco) Integrated value chain business offering food ingredients products including cocoa, cashew, sesame, rice, peanuts, and edible nuts, sourced sustainably and produced according to the highest quality standards; distributes under brands including Korosho, Natures Brand, Falcon, Namaste, Rhino, Miau, Wedgewood, Eat Anytime, and Racionero.
• ETG Commodities Commodity trading business with proximity to farmgate and strong distribution network; trades agricultural commodities (rice, cashew nuts, cocoa, nuts, sesame seeds, soybeans, pulses), metals, and energy through Agri Commodities and Finance FZ-LLC (ACF) in the UAE.
• ETG Logistics End-to-end logistics service provider offering transport, warehouse management, shipping, and freight forwarding; supports the group's integrated supply chain and operates Ashok Leyland commercial vehicle dealerships in 6 key Southern African countries.
• EIRS Insurance and Reinsurance Brokerage Insurance and reinsurance brokerage providing insights and support to commercial and individual customers to navigate risk elements; has developed PURPLEWALLET for asset surveying and effortless policy placement.
• Vamara FMCG ETG's Fast-Moving Consumer Goods (FMCG) business focusing on Food, Home & Personal Care, and Animal Nutrition categories, dedicated to delivering quality products at affordable prices.
• ETG Climate Solutions Climate solutions business focused on delivering superior greenhouse gas emission reductions and removals, and innovating circular economy solutions for a healthier planet, including carbon abatement initiatives.
• Falcon Gas LPG Distribution LPG solutions for households, commercial, and industrial customers across South Africa, Zambia, Malawi, Zimbabwe, Mozambique, and Uganda; operations span sourcing, bulk storage, cylinder distribution, retail exchange programs, and industrial supply, supporting Africa's transition to cleaner energy.

Quantifiable outcome

• Reached one million African smallholder farmers (SLL target)
• +6 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered core, major and minor.

• EIRS (ETG subsidiary)coreOthers · 1 January 2026EIRS is an Africa-headquartered insurance and reinsurance brokerage subsidiary of ETG, founded in 2019, operating across 11 African markets with hubs in the UAE and UK. EIRS develops PURPLEWALLET for asset surveying and policy placement, and participates in industry conferences such as Digital Insurance MENA.
• Farmerline (Ghanaian service provider)majorTechnology or Integration · 1 January 2023ETG partnered with Farmerline to develop an AI-based farmer surveying scheme for deforestation monitoring. A pilot was conducted across three sourcing landscapes in Ghana, onboarding 25,000 farmers to a voice message tool in local languages using AI for dynamic survey delivery.
• Beyond Beans FoundationmajorStrategic or Co-development Partner · 1 January 2023Beyond Beans is ETG's foundation partner for cocoa sustainability programs. Based on AI survey findings, ETG and Beyond Beans have tailored local awareness campaigns and farmer training programs to support community-led reforestation projects in Ghanaian sourcing landscapes. Beyond Beans supports programs focused on farmer livelihoods, regenerative agriculture, traceability, and community development.
• Sustain Africa InitiativemajorStrategic or Co-development Partner · 1 August 2022ETG joined Sustain Africa, an emergency response and resilience initiative launched to address fertilizer supply deficit in Africa caused by the Russia-Ukraine conflict. ETG pledged to supply 8,000 metric tons of fertilizer at discounted levels (discounted amount of USD 5 million) to Uganda, with the program covering several East and West African countries. Partners include African Fertilizer and Agribusiness Partnership, International Fertilizer Association, Rabo Bank, and Bill and Melinda Gates Foundation.
• IFC (International Finance Corporation)coreStrategic or Co-development Partner · 4 July 2022ETG and IFC partnered to boost smallholder farmer productivity and food security across Zambia, Malawi, Mozambique, and Tanzania by increasing access to agricultural inputs and training services. The project targets 200,000 smallholder farmers in maize, soybean, and groundnut supply chains, running from July 2022 to December 2025. IFC provides capacity building under its Agribusiness Leadership Program.
• Ashok Leyland (flagship of Hinduja Group)majorChannel Partner/ Reseller/ Distributor · 1 May 2022ETG Logistics signed an agreement with Ashok Leyland to operate dealerships for their commercial vehicles in 6 key Southern African countries, supporting Ashok Leyland's expansion into the region. Ashok Leyland is the 2nd largest commercial vehicle manufacturer in India with a footprint extending across 50 countries.
• Empowering Farmers Foundation (EFF)majorImplementation/ SI/ Consulting Partner · 1 January 2022EFF provides implementation support for ETG's farmer training programs, including developing survey assessments for ground-truthing deforestation monitoring and delivering training to village-based agents and farmer organizations across Zambia, Malawi, Mozambique, and Tanzania.
• INSEAD Executive EducationminorImplementation/ SI/ Consulting PartnerETG partnered with INSEAD Executive Education to create the 'ETG Pursuit of Excellence' leadership program, designed specifically for top and senior management teams. The program involved tailored training at INSEAD's campuses in Fontainebleau and Abu Dhabi, focusing on building trusted leaders and developing a unified vision across diverse cultures.
• Falcon Gas (ETG subsidiary)coreOthersFalcon Gas, an ETG subsidiary, provides LPG solutions across South Africa, Zambia, Malawi, Zimbabwe, Mozambique, and Uganda. It operates across the full LPG value chain including sourcing, bulk storage, cylinder distribution, retail exchange programs, and industrial supply, supporting Africa's transition to cleaner energy.

Scale indicators17 records

Recent moves7 records

Expansion highlights7 records

Market position

Weaknesses1 record

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/exporttrading
• LinkedInlinkedin.com/company/export-trading-group
• Xx.com/etg_canada

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries22 records

Funding overview

Funding rounds9 records

Investors17 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ETG