The US$56m deal was signed at the Africa Pavilion at the Summer Fancy Foods Trade Show and is financed with a structured trade facility by EAS Advisors and Scipion Capital. The South African table grapes will ship in the first week of November 2024 and continue through April 2025, filling the gaps of the US domestic growing season. USATD will facilitate the entire transaction, providing an end-to-end solution that bridges the gap between retailer needs in the US and African production. “Through this deal, we have harnessed the agro export potential of African nations,” he said. USATD also signed a memorandum of understanding with Baylis Emerging Markets, an Africa-focused investment manager, to further expand trade and investment opportunities between the US and African nations.
