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.
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December 06 2023
ETG: Connecting Africa to the World Available to Purchase
Amit Karna;
Amit Karna
Indian Institute of Management, Ahmedabad
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Aarushi Tiwari
Aarushi Tiwari
Indian Institute of Management, Ahmedabad
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Received:
November 22 2023
Online ISSN: 1111-111X
Print ISSN: 1111-111X
© 2022 by the Indian Institute of Management, Ahmedabad
2022
Indian Institute of Management, Ahmedabad
Licensed re-use rights only. Cases of the Indian Institute of Management, Ahmedabad, are prepared as a basis for classroom discussion. They are not designed to present illustrations of either correct or incorrect handling of administrative problems.
Teaching Notes 1–24.
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Received:
November 22 2023
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ETG: Connecting Africa to the World
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Karna A, Tiwari A (2023;), "ETG: Connecting Africa to the World". Teaching Notes, Vol. ahead-of-print No. ahead-of-print.
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