For the first time, Sace finalised a 'push strategy' in Tanzania to support Italian companies involved in strategic sectors such as agribusiness, food & beverage, textiles and distribution, in line with the Mattei Plan for Africa.
Sace guaranteed the loan, provided by the international bank Rabobank, to the Metl Group, an important Tanzanian group that operates in several countries and produces agricultural, industrial and consumer goods, to act as a pathfinder for Italian exports.
The credit line guaranteed by Sace is in fact aimed at supporting the purchase of Italian products and services, confirming the twofold objective of Sace's 'push strategy': to support Italian exports by supporting the growth and development of the markets to which they are addressed. Metl is committed to promoting 'business matching' opportunities with Italian companies in its key sectors of interest, further strengthening ties between Italian industry and the Tanzanian market.
"We are proud to stand alongside Metl Group, supporting their growth objectives in Tanzania and strengthening business ties with the country, in line with the Mattei Plan," said Michal Ron, chief International Business Officer of Sace. "The push strategy confirms Sace's commitment to supporting Italian companies in their internationalisation journey, while strengthening relations between Italy and key international buyers."
"We are grateful to Sace and Rabobank for their support in facilitating our growth and contributing effectively to the Tanzanian economy. This financial support will have a positive and lasting impact for the entire Metl Group," said Mohammed Dewji, President of the Metl Group.
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