Loan to ETC Group for LPG Business in Sub-Saharan Africa
	
		
				Japan, Aug. 21 -- The Japan Bank for International Cooperation (JBIC) signed on August 20 a loan agreement amounting to up to USD14 million (JBIC portion) with ETC Group Limited (ETG), a Mauritius company invested in by Mitsui & Co., Ltd. (Mitsui). The loan is co-financed with Sumitomo Mitsui Banking Corporation, bringing the total co-financing amount to USD24 million. The loan is intended to provide the necessary funds for ETG to conduct liquefied petroleum gas (LPG) operations in four Sub-Saharan African countries of Zambia, South Africa, Mozambique, and Uganda, through ETG Energy, its wholly owned subsidiary in Mauritius. ETG has developed into a global player with a presence in more than 45 countries, spanning 6 continents. The Group ha...
		
			
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