ETG: Connecting Africa to the World

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Abstract

What started as a FMCG distributor in 1967 in Kenya as Export Finance Company, is now a dynamic global conglomerate across 48 countries and 5 continents — Export Trading Group. ETG was taken over by the then CFO Mahesh Patel after exit of the founding stakeholders. It was then when the company shifted its focus to being a key regional player. In the next 35 years, the company grew systematically. Business focus evolved when Patel saw an opportunity in logistics in remote sub-Saharan Africa. This was followed by business expansion with supply chain diversification and significant infrastructure investments. All the different businesses amalgamated under a single group for better operations and ease of scaling up. They were later divided into six separate verticals for better management. Vamara (FMCG vertical) was launched in 2018 as the company moved towards digitalisation — externally and internally. ETG plans to focus on new business opportunities and continue to diversify across geographies and portfolios.

Additional Information

Product Type Case
Reference No. STR0468
Title ETG: Connecting Africa to the World
Pages 23
Published on Nov 11, 2022
Year of Event 2020
Authors Karna, Amit; Tiwari, Aarushi;
Area Strategy (STR)
Discipline Strategic Management
Sector Agriculture and Animal Husbandry, Trade
Learning Objective This case is useful in explaining the business strategy concepts using the evolution of a trading firm. It provides a good concept on how to make choices that align with the company’s mission, vision and strategy.
Keywords Strategy; Corporate Diversification; International Business
Country Middle East & Africa
Organization ETG
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