BpiFrance and CDC launch a €20 million investment fund
Monday, 08 February 2016 11:14
Banque publique d’investissement (BpiFrance), a French funding and development institution, and Caisse tunisienne des dépôts et consignations (CDC) launched on February 5th, a French-Tunisian private equity fund named “Co-Localisation” that aims to support SMEs in both countries.
This fund was allocated €20 million, provided through the equal participation of BpiFrance and CDC.
“The fund aims to boost the activity of SMEs in France and Tunisia, promote innovation, develop sales exports and create stable jobs with added value in both countries,” BpiFrance said in a statement published on its website.
Sectors targeted here include ICT, health, pharmacy, education, agro-food industries, manufacturing, mechanics and electronics, transport and logistics, tourism, entertainment and renewable energies.
Live News
-
Mauritania Opens 3,000 Public Sector Jobs Under Full Digital Oversight
16:17
-
Nigeria Advances Banking Reform With Strong Recapitalization Progress
15:51
-
Ghana Courts Chinese Investors to Accelerate Palm Oil Expansion
14:42
-
Namibia Sets Up Task Force as Foot-and-Mouth Disease Spreads Across Southern Africa
14:23
-
Morocco, Portugal Formalize Data Protection Cooperation Amid AI Surge
13:44
-
DRC Moves to Reinforce Online Regulation Amid Rapid Internet Growth
13:36
-
Senegal Police Step Up Meta Cooperation to Tackle Rising Cybercrime
13:33
-
Zoyk Pay Founder Clive Nabale Pushes Unified Digital Payments Across Africa
13:27
-
Import Substitution: Local Initiative Urges Artisan Bakeries to Prioritise Homegrown Flour, Slash Wheat Import Bill
08:43
-
Cameroon Approves Kribi Canoe Project Under Import-Substitution Plan
08:11
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...
Mauritania will recruit 3,000 civil servants through a fully digitalized system. Authorities will conduct online applications, automated diploma...
Ghana aims to attract Chinese capital to develop its palm oil sector and move toward self-sufficiency. The government plans a $500 million...
Namibia launched a national Task Force and a Support Fund to protect its livestock sector from foot-and-mouth disease (FMD). South Africa...
National Oil Corporation (NOC) resumed production at the Mabruk field at 25,000–30,000 barrels per day (bpd) using an early production...
Rwanda’s capital immediately impresses visitors with its striking cleanliness and orderly layout, qualities that frequently set it apart from other cities...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...