The Bank of Tunisia receives $30mln from EBRD for import-export companies
Friday, 23 October 2020 19:45
The Bank of Tunisia is close to obtaining additional funding of $30 million from the European Bank for Reconstruction and Development (EBRD). This resource will be used to finance the activity of Tunisian import-export companies.
With this new contribution, the EBRD claims to have exceeded the trade financing limit for the Bank of Tunisia. The financing was provided under the EBRD's Trade Facilitation Program, which is designed to encourage foreign trade within the member countries of the European financial institution.
"The increase in trade financing provided to the Bank of Tunisia will help mitigate disruptions to trade and supply chains caused by current market conditions," the EBRD said in a statement.
At the end of Q3 2020, the Bank of Tunisia granted up to TNA4.7 billion in credits, up 7.1% compared to 2019.
Chamberline Moko
Live News
-
China’s Export Shift to Africa Risks Trade Tensions in 2026, Oxford Says
08:31
-
Ghana Signals End of Mining Stability Deals, Clouding Outlook for Ahafo
08:29
-
PCM Capital Exits First Atlantic Bank After Oversubscribed Ghana IPO
08:24
-
Tunisia Telecom Secures $221 Million EBRD Loan to Upgrade Digital Infrastructure
08:22
-
With Rank, Femi Iromini Streamlines Savings and Payments Across Africa
06:42
-
Senegal’s Stéphane Mancabo Pushes Daily Baccalaureate Revision With Yello
06:27
-
Cameroon Coffee Prices Climb, Marketed Output Up 9.86%in 2024-25
18:37
-
CCA Bank Joins 200 Bln CFA Congo Oil Project Financing Syndicate
18:06
-
Morocco’s Woliz brings digital tools to small neighborhood retailers
17:24
-
ECCAS commissioner race puts Cameroon at a strategic crossroads
16:09
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...
Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...
Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
Chinese exporters may redirect excess supply to Africa in 2026 as U.S. market access tightens. China’s trade surplus with Africa rose 77% year on...
Ghana plans to phase out mining stability agreements, starting with Newmont’s Ahafo mine, Africa’s largest gold complex. Authorities plan to...
The EBRD approved a loan of up to €190 million ($221 million) for Tunisia Telecom, alongside an €11 million EU grant. The financing will...
Stardust Solar Energy signed a 20-year power purchase agreement with Zambia’s state utility ZESCO for a 30-MW solar project. The contract fixes the...
Bamako hosted the first International Festival of African Documentary (FIDAB) from January 16 to 18, 2026, screening 12 African films. UNESCO...
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...