THE ORIGIN

The idea arose in October 2010 with the Steel & Style Africa project, promoted by Confindustria (Italian Industrialists Association), with the patronage of the Italian Chamber of Commerce. The lack of knowledge of the African continent by Italian companies and financial institutions has led to the creation of ETC "Export Trading Cooperation", a company specialized in Export and Investment projects in Africa, born from the vision of the founder members who considered the activities of Confirming Houses an ideal model for approaching emerging markets, especially African markets which conceal great potential for development.

The aim of ETC is to support the many African SMEs that want to develop or expand their industrial projects and therefore need European supplies, technologies and know-how. The involvement of European companies implies relationship between European and African banks.

Following positive feedback on our value proposition and innovative business model, we began to further interact with major industrial groups, both banks and financial institutions. As the standard of stakeholders got increasingly higher, it was hence necessary to strengthen the organisational structure.

The ETC Group now acts as a partner of European and African investors and banks for providing Project & Trade Finance tools to support International trade and Investments projects.


SUBSIDIARIES

In July 2015 ETC Surety SA (Guarantee Funds) was founded in Cotonou, Benin, the group's regional hub for West and Central Africa, for local oversight and direct contact with African financial institutions and counterparts. In addition, in December 2016, ETC Services Ltd was created in Malta, a pole of Group Services (Trade Facility and Advisory).

FOCUS COUNTRIES

The group ETC operates in several macro-regions in sub-Saharan Africa, with a focus on West and Central Africa, in the 17 countries that have adopted OHADA harmonized law (Benin, Burkina Faso, Cameroon, Central African Republic, Ivory Coast, Congo, Comoros, Gabon, Guinea, Guinea Bissau, Equatorial Guinea, Mali, Niger, Democratic Republic of Congo, Senegal, Chad and Togo). ETC is also present in other countries on the continent, extending to East Africa through its network of local partners.