EBRD lends €25 million to Kazakhstan's TBF Holding Group
Kazakhstan, Sept. 3 -- The European Bank for Reconstruction and Development (EBRD) is providing a senior loan of up to €25 million to TradeAgra and its affiliated companies within the TBF Holding Group, one of Kazakhstan's leading privately owned agricultural commodity traders.This facility will provide seasonal working capital to support the group's procurement, processing, storage, transport and exports of agricultural commodities.The financing will help the group to increase its trading volumes for organic agricultural crops in Kazakhstan, contributing to improved soil health, lower fertiliser use and more sustainable farming practices.This project will be supported by a €500,000 investment grant under the EBRD's Agrifood Nex...
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