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
-
Lomé Revives Mediation Effort on DR Congo Crisis, Summit Set for Jan. 17
10:48
-
Morocco Targets AI-Led Competitiveness With 2030 Strategy
10:44
-
Saint-Louis Island, an urban memory facing contemporary pressures in northern Senegal
10:30
-
Lagos Budgets Green Line to Expand Urban Rail Capacity
09:50
-
Tether Partners With UNODC to Strengthen Digital Asset Cybersecurity in Africa
09:48
-
After Two-Decade Stalemate: SONAMINES Seeks Mining Partners to Relaunches Lomié–Nkamouna Polymetallic Project
09:38
-
With Pebla, David Masoperh Brings Offline Mobile Payments to East Africa
09:33
-
Tanzanian Entrepreneur Lordrick Julius Meela Uses AI to Improve Learning in Africa
09:31
-
Kenya Explores Huawei Partnership to Train Civil Servants in Digital Skills
09:09
-
African Architecture School Reviews Reforms at Lomé Meeting as It Marks 50 Years
06:08
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...
African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...
Development Partners International sold its 20.17% stake in Atlantic Business International for mo...
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...
Lomé will host a new summit on January 17 to address the crisis in eastern Democratic Republic of Congo. The meeting follows a Rwanda–DRC peace...
Morocco plans to unveil its national artificial intelligence strategy, “Morocco AI 2030,” in January. The roadmap aims to modernize public...
Nigeria included Lagos’s Green Line urban rail project among key investments in the 2026 federal budget. Authorities proposed a 102.3 billion naira...
Uganda and Nigeria signed a dairy marketing agreement covering 200,000 tonnes of milk powder valued at about $1 billion. West Africa imported...
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...