Amit K. Sethi reigns supreme over Africa's informal food sector
The Indian trader Amit K. Sethi, who has been based in Dubai since 2005, owes the growth of his business to African importers in the informal sector.
Registered in Singapore but run from Dubai, the trading group Swiss Singapore, which is well-connected in New Delhi, has successfully started exporting rice to Africa. It has made a name for itself in Dakar, Abidjan and Cotonou thanks to the recruitment of two former traders from Phoenix Global, which went bankrupt in August 2020.
Célestin Tawamba, head of Cameroon's employers' federation and owner of La Pasta, is leading the Cameroonian flour mills' revolt against the government. After failing to obtain tax and customs exemptions, he and his competitors have decided to flout their sector's regulations.
Solevo, a fertiliser and agricultural inputs trading company, was bought from Louis Dreyfus Company in 2016 by the British fund Helios and the Singaporean sovereign wealth fund Temasek. It will soon be put back on the market by its shareholders.