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
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...
Development Partners International sold its 20.17% stake in Atlantic Business International for mo...
African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...
Egypt secured approval to export citrus to the Dominican Republic from January 1, 2026 Dominican citrus imports more than tripled to 17,215 tonnes...
Zgounder mine produced 4.82 million ounces of silver in 2025, up 193% year on year Aya Gold and Silver ramped up output after commissioning a new...
Egypt opens EliTe Solar manufacturing complex in Ain Sokhna zone $116 million project targets 5 GW solar cell and module capacity Investment supports...
Tender seeks off-grid solar systems for 22 Somali health centres Somalia’s power relies over 80% on diesel, electricity costs high Government targets...
Located at the mouth of the Senegal River, about twenty kilometers from the Atlantic Ocean, Saint-Louis Island holds a distinctive place in the country’s...
Benin considers hosting a pan-African cultural event inspired by FESMAN but plans to use a different name. Culture Minister Jean-Michel Abimbola...