Finance

Tunisia: BH Bank secures €100 mln AfDB loan to support private sector

Tunisia: BH Bank secures €100 mln AfDB loan to support private sector
Thursday, 27 June 2019 21:11

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.  

Firmine AIZAN

On the same topic
Egypt’s NBE secures $100M EBRD loan to boost MSME financing Funds target youth- and women-led businesses to support private sector growth EBRD...
ASA-CI proposes mandatory supplementary pensions for private-sector workers in Côte d’Ivoire Life-insurance penetration remains low at 0.6% of GDP in...
Rwanda introduced eKash to enable instant, mobile-accessible, and interoperable transactions across banks, mobile money, SACCOs, and...
BYD to reach 35 South African dealerships by early 2026, accelerating plan EV market share rises to 2.4%, driven by hybrids and consumer...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

West African universities met in Dakar to address youth employment Delegates drafted a 10-15 ...

West African Universities Draft Long-Term Training Plan to Meet Labor-Market Needs
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.