(Ecofin Agency) - The African development Bank -AfDB- announced June 27, 2019, it has approved a credit line worth about TND327 million (€100 million) to Tunisia’s BH Bank.
The new financing comes as a boost to the bank in the implementation of its strategy to support private companies operating the country. Targeted sectors include health, renewable energies, social housing and industry.
“This financial facility will make more resources available for Tunisian companies. They will now be able to expand their investment opportunities and foster conditions for inclusive and shared growth,” said Stefan Nalletamby (photo), AfDB’s Director of Financial Sector Development Department.
According to the loan beneficiary BH Bank, this agreement is an opportunity to strengthen and diversify Tunisia's productive capacity and support its growth. Through its strategy, the bank aims to contribute to improving tax revenues and create new job opportunities.
Let’s note that with this new support, AfDB brings its active investment portfolio in Tunisia to about €7.915 billion.