The European Bank for Reconstruction and Development (EBRD) has committed under a risk-sharing mechanism to guarantee up to 50% TND20 million loan ($7.3 million) granted by Attijari Bank Tunisia to the microfinance institution Enda Tamweel.
This facility will cover the liquidity needs of Tunisian private sector companies affected by the coronavirus pandemic and seeking financial support to bounce back. Special attention will be given "to local enterprises that generate the majority of their income from tourism, hotels, services, transport and other sectors that have been heavily affected," the EBRD said in a briefing note.
This support is announced at the same time a study by the International Finance Corporation in July 2020, on the impact of the covid-19 crisis on the private sector in Tunisia, showed that 88.8% of companies suffered a decline in turnover in April 2020 compared to April 2019. Of all SMEs, exporting companies have been more affected.
The agreement concluded with the EBRD will strengthen access to financing for Tunisian micro, small and medium enterprises (MSMEs).
Chamberline Moko
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Global battery storage capacity rose 40% year-on-year to 108 GW in 2025. Installed capacity expanded more than elevenfold compared with 2021...
Botswana and Zimbabwe to sign seven agreements covering trade, SMEs, tourism and environmental cooperation Leaders meet in Harare under Bi-National...
Kenya and Italy signed a 2026–2029 action plan to expand cooperation across political, economic, and technological sectors. Bilateral trade rose...
Senegal and Sierra Leone signed a bilateral treaty in mining and energy on April 20 in Dakar. The agreement focuses on resource exploration, energy...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...