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Finnfund invests US$15m in African agri supply chain business ETG

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AFRICA – Finnfund, a development financer, has invested US$15 million in a syndicate loan to Export Trading Group (ETG) alongside other investors to enable it further develop its business.
Founded in Kenya in 1967, ETG has emerged as one of Africa’s largest Agricultural Conglomerates with footprints across sub-Saharan Africa, North America, Europe, the Middle East and South East Asian countries.
Globally recognised as one of the fastest growing integrated agricultural supply chain groups, its operations include procurement, warehousing, processing and/or manufacturing of finished goods, transporting and distributing of products and driving brand growth, with most of its footprint in Africa.
It operates in 26 African countries and manages more than 400 warehouses and over 90 processing plants worldwide.
“We are excited to partner with Export Trading Group in Malawi, Mozambique and Tanzania in their agri-commodity trading and processing operations,” said Finnfund’s Associate Director Jari Matero.
“It is important to support the agricultural commodity trade and the supply of key agri-inputs such as fertilizers to local farmers in this challenging situation. Over the past decades, Export Trading Group has played a pivotal role in agricultural development.”
With this long-term financing, the Development Finance Institutions (DFIs) will support major agricultural supply chain of numerous African and Asian countries, which have particularly been affected in this corona pandemic. This contributes to food security for populations in need.
“ETG is proud to partner with four marquee DFIs to provide sustainability linked financing facility”, says Anish Jain, Chief Treasury Officer at ETG.
“This is a unique facility for African agriculture sector that will allow us to enhance collaboration with small-holder farmers to buy the staple food crops and increase farmers’ linkages to international markets. This facility will bring strength to our operations, especially in such challenging times of Covid-19.”
Finnfund (Finnish Fund for Industrial Cooperation Ltd) is a Finnish development finance company that provides long-term risk capital for private projects in developing countries and Russia. By sharing risks with the sponsors, Finnfund seeks to promote investments that are not only profitable but also environmentally and socially sound.
Finnfund invests mainly with Finnish companies but can also finance their local partners, such as long-term customers, suppliers, subcontractors and companies that license technology.
In addition, Finnfund can co-invest with other development finance institutions in projects that do not directly involve Finnish business but that generate significant environmental or social benefits. Renewable energy, forestry and telecommunications are among the industries where Finnfund is eager to co-finance projects with other development financiers.
Original source: FBA

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NGO WORK

As World Bank Holds Annual Meetings, 84,000 Tanzanians Call for Justice

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Oakland, CA – As the World Bank convenes its Annual Meetings in Thailand this week, the accountability of the institution is entirely omitted from the agenda. Yet, its lack of accountability to the millions of people displaced or harmed by its programs around the world has never been more appalling.

The Bank claims that recent 2026 reforms would strengthen its accountability mechanism, but the facts show a total disregard for the devastation it has caused. In Tanzania, it has failed to act on damning findings from its own Inspection Panel – whose investigation detailed systemic violations of its own Operating Procedures and a “critical failure” in project planning and supervision, leaving local villagers to continue bearing the brunt of harsh, unmitigated serious harms.

Between 2017-2024, the World Bank poured over US$100 million into REGROW, doubling the size of Ruaha National Park in Southern Tanzania and funding the paramilitary park rangers (TANAPA) implicated in egregious human rights abuses – including killings and forced disappearances. Following an independent investigation, the project was officially cancelled.

“The park expansion effectively criminalized over 84,000 people on their own land, stripping them of their livelihoods by barring essential farming and grazing. The Bank’s REGROW initiative turned poor villagers into targets for park rangers. Despite clear evidence that the devastation it unleashed continues today, the Bank has completely failed to provide redress, compensate or support the communities whose lives it upended,” said Anuradha Mittal, Executive Director of the Oakland Institute, who represented villagers in their complaint to the Inspection panel.

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Women threatened by RUNAPA’s expansion in Mbarali District. The Oakland Institute

In April 2025, ignoring community demands for reparations and the return of land, the Board approved a largely insufficient and inadequate Management Action Plan (MAP). On September 4, 2026, the Bank officially “closed” the REGROW case after deeming all actions in the MAP had been completed.

“The World Bank has destroyed our lives. Since the project started, rangers have killed or disappeared 18 of us. We are banned from farming our lands and grazing our livestock. Thousands of our cattle were confiscated. We are still waiting for justice and reparations for our losses. How can the World Bank walk away after being found responsible for this catastrophe?” said a local villager who filed the initial complaint.

Today, despite the Bank’s assertions that livelihoods could resume, many farmers remain barred from their fields, and pastoralists face continuous threats and fines for grazing cattle. The international spotlight that the Institute put on the dire situation has brought a halt to fatal shootings by TANAPA rangers since May 2025 – a grim baseline for “progress” from a paramilitary force that has terrorized communities since the Bank bolstered their capacity. The families of those murdered by TANAPA, including 27-year-old Hamprey Mhaki and 20-year-old Kulwa Igembe, continue to be denied justice.

“The Inspection Panel presented undeniable evidence of the Bank’s wrongdoings, yet the Bank’s Board and senior management refused to take responsibility. Affected communities took monumental personal and collective risks to expose these abuses, offering the Bank every opportunity to correct course. Instead, management turned its back on the very people it harmed – leaving a permanent stain on the institution’s credibility. The Oakland Institute will continue to stand with communities in their fight for justice,” concluded Mittal.

The World Bank’s expanding accountability crisis is further deepened by its decision to join the Trump-established Board of Peace (BoP) for Gaza, proactively enabling impunity for crimes against humanity and genocide. By joining the BoP, the Bank directly violates its own mandate and policies, international humanitarian law and decades of UN General Assembly Resolutions. Furthermore, the move defies provisional orders and advisory opinions from the International Court of Justice (ICJ) and rulings from the International Criminal Court (ICC).

Source: oaklandinstitute.org

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NGO WORK

Tanzanian Government Abducts Maasai Villagers in an Unconscionable Attack on Indigenous Land Defenders

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  • Human rights conditions in northern Tanzania have deteriorated sharply since August, as the Tanzanian government carries out a coordinated campaign of violence and arrests against the Indigenous Maasai.
  • In Ngorongoro, five Maasai were arrested last week; Over 30 community members have been arrested over the last two months; In neighboring Loliondo, thousands of livestock have been confiscated.
  • The government is pressuring Maasai to leave the area to reach its goal of expanding the number of safari tourists and trophy hunters to eight million by 2030.
  • The last arbitrary arrests unfolded in Arusha as Tanzania hosted the 153rd Assembly of the Inter-Parliamentary Union, centered on the theme of “enhancing good governance and empowering communities through inclusivity, trust and opportunities for all.”

Oakland, CA – On the night of October 6, the Tanzanian government forcefully abducted five Maasai men, Nangei Meitaya, Salangat Makko, Ezekiel Kishau, Dickson and Thadeus Clamian, holding them under arbitrary detention at the Arusha Central Police Station. While the individuals were released the following night, these targeted arrests are a dangerous escalation in the government’s systemic oppression of the Indigenous Maasai people.

Since August, human rights conditions in northern Tanzania have worsened sharply as the state carries out a wave of coordinated violence and arrests against the Maasai. In the Ngorongoro Division, authorities have detained more than 30 community members, while confiscations of livestock have intensified in neighboring Loliondo. Local advocates state these actions are part of a systemic campaign to suppress peaceful dissent and dismantle civil society, through economic restrictions, intimidation, and unlawful incarceration of Maasai pastoralists.

“Far from being an isolated incident, this is a calculated campaign of intimidation. Driven by its goal to attract eight million safari tourists by 2030, the Tanzanian government is escalating pressure to evict the Maasai from their ancestral lands. As a result, community leaders have been driven into hiding once again, describing a rapidly deteriorating situation across the region,” said Anuradha Mittal, Executive Director of the Oakland Institute.

While detained, the victims were deprived access to their families or legal counsel. Four of those arrested are employees of the Pastoral Women’s Council (PWC), a local NGO dedicated to the “sustainable empowerment of Indigenous pastoralist women and girls in northern Tanzania.” Furthermore, authorities searched the homes of other staff members without due process.

“The abduction and subsequent detention of our community members is one of the many incidents of lawless targeting of the Maasai people in Ngorongoro – a deliberate campaign to instill fear and censorship, designed to make state dispossession and displacement easy. When a regime normalizes abductions and uses public hospitals as hunting grounds, it reveals a complete breakdown of common sense and basic humanity,” said Joseph Moses Oleshangay, a prominent Maasai human rights lawyer and activist from the Ngorongoro District in Tanzania.

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Tanzanian police forcing Maasai people out of their ancestral land in Loliondo, Ngorongoro District to build a game reserve, June 2022

The arbitrary arrests unfolded in Arusha as Tanzania hosted the 153rd Assembly of the Inter-Parliamentary Union, centered on the theme of “enhancing good governance and empowering communities through inclusivity, trust and opportunities for all.” This international gathering of parliamentarians from around the world comes a year after the rigged October 2025 national elections, during which the security forces violently suppressed pro-democracy demonstrations and killed thousands of civilians. Meanwhile, in March 2026, President Hassan accepted recommendations from sham land commissions advocating for the widespread eviction of Maasai communities from their ancestral lands in the Ngorongoro Conservation Area (NCA) and Loliondo.

The government plans to drastically reduce Maasai presence in the NCA to expand safari tourism and trophy hunting. To pressure residents to leave, the government has stopped basic medical, education, and water services while restricting access to grazing land for pastoralists. Massive mobilizations by the Maasai against this forced resettlement have exposed the government’s lie that people are leaving willingly.

“As international visitors plan safari tours to Tanzania, they must recognize that tourism revenues are inadvertently financing the government’s violent attack on Maasai communities whose ancestral lands are being stolen in plain sight,” concluded Mittal.

Source: oaklandinstitute.org

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NGO WORK

Global Scramble for Minerals Wages War on People and Planet

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Last week, 54 members of Congress called for transparency and stronger protections for labor rights, human rights, and the environment in the Trump administration’s critical minerals deals. The Oakland Institute had been advocating towards Congressional representatives, urging them to sign the letter to the administration.

But what is really driving the global race for minerals?

Our new report, RUSH: Global Scramble for Minerals Wages War on People and Planet, has debunked the claim that massive new mining is necessary to address the climate crisis. More than 70% of current mineral demand comes from industries outside of the energy transition, including the military, automotive, aerospace, and technology sectors. The report, instead, exposes the prevailing cronyism of the US administration, with companies linked to the families of Donald Trump and Commerce Secretary Howard Lutnick profiteering from US mineral deals.

What is driving the global mining boom? What is at stake?

Read the report

Source: oaklandinstitute.org

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