SACE finalizes its first Push Strategy in Tanzania to support METL Group to facilitate Italian exports

SACE, in collaboration with METL Group and Rabobank, is pleased to announce the successful agreement for a Push Strategy transaction aimed at supporting Tanzania’s economic growth by enabling partnerships in strategic industries, in line with the Mattei Plan for Africa.

SACE has guaranteed the financing, arranged by the international cooperative bank Rabobank, to METL Group, a prominent Tanzanian group that operates in multiple countries and focuses on delivering quality products and services across its different business units.

In return, METL has committed to fostering business matching opportunities with Italian companies across its key sectors of interest, further strengthening the ties between the Italian industry and the Tanzanian market.

“We are proud to work alongside METL Group, supporting their growth objectives in Tanzania and strengthening commercial 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 aim to support Italian companies' internationalization efforts to boost Italian growth, while also strengthening relationships between primary international buyers and Italy."

“We are grateful to SACE and Rabobank for their support in fostering our growth and effectively to Tanzanian the economy. This financial support will go a long way in creating lasting positive impacts in the lives of Tanzanians that are connected to the MeTL Group ecosystem.” Said Mr. Mohammed Dewji, President of MeTL Group.

“We, at Rabobank, are honored to collaborate with METL Group and SACE in their mission to drive economic growth and development in Tanzania. We are delighted to continuously support our reputable client METL group in a new transaction where we align food and agriculture at the core of our businesses. Furthermore, we are very grateful fo the cooperation with SACE in this Push facility, which could be a blueprint for future transactions." Said Taco Breukel, Executive Director Rabobank Export Finance.