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
-
Nigeria Writes Off $5.27B in State Oil Company’s Debt
21:30
-
Djibouti, Egypt Sign Agreements to Secure Power Supply for Ports
20:10
-
Algeria Breaks Ground on $207M Tire Plant, Steps Up Local Production
19:11
-
Nigeria’s Tax Overhaul Set to Take Effect Amid Fury Over ‘Illegal’ Changes
19:07
-
Gédéon Dossou Tackles Prescription Management Gaps With Pharmatrack
18:32
-
Joshua Raphael Automates High-Traffic Parking Management With Parket
17:39
-
Sodecoton Awards Bercotech Contract for 110 kVa Solar Plant at Touboro
12:24
-
Aissata Diallo Bah Widens Access to Financial and Legal Data on African Companies
12:11
-
Mauritania Rolls Out AI System to Detect Traffic Violations Nationwide
12:04
-
After Lomé Launch, Togo Expands Cash Transfers Nationwide
11:53
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...
The Gates Foundation and ADQ launched a four-year initiative to transform education in sub-Saharan...
Tinubu approves partial write-off of NNPC debts to Nigerian government Decision cancels $1.42 billion and 5.57 trillion naira obligations Move...
Djibouti, Egypt sign port, logistics and energy cooperation agreements Deals include 23-MW solar plant to power Doraleh port operations Aim is to cut...
Algeria launches $207 million tire factory project in Touggourt Plant targets 5 million annual units, boosting industrial self-sufficiency Move...
Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal insertions, urges suspension and investigation Government...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...