AFTRADE DMCC had a successful meeting with global conglomerate ETG on Thursday to discuss a potential partnership across Africa. With AFTRADE representing most of the agricultural machinery manufacturers in Belarus, and ETG operating in 29 African countries, a partnership between the two corporations would be a win-win for both.
“We had a successful meeting and agreed to take our discussions further. A tie-up with ETG would enable us to supply tractors and other agriculture equipment via their strong network in Africa,” said Aleksander Zingman, head of AFTRADE DMCC.
He met with Birju Patel, CEO of ETG, who visited Minsk. Together they toured various factories, where AFTRADE DMCC showcased the modern machinery that the company distributes in Africa.
Agricultural machinery is in demand in Africa as the continent gears up to increase food production. AFTRADE DMCC is the authorized dealer in the African market for most Belarussian manufacturers, and has set up local servicing centres to provide spare parts and warranty services.
Meanwhile, ETG, established in 1967, is one of the largest and fastest growing integrated agricultural conglomerates in sub-Saharan Africa, importing and exporting soft commodities to and from countries such as Tanzania, Kenya, Malawi, Mozambique, Nigeria and South Africa.
Zingman introduced Patel to the Development Bank of Belarus, which provides foreign buyers with project financing on favourable terms, particularly in Africa.
“Our financial institutions provide long-term financing that makes it possible for African partners to receive the machinery now and pay for it in the future once profits start coming in,” Zingman said.
A partnership between AFTRADE DMCC and ETG would complement each other’s operations in providing a complete portfolio in the booming agricultural sector in Africa.