AfDB approves €57.5m to Amen Bank to boost Tunisian SMEs

Region:

Middle East & Africa

The African Development Bank has approved €57.5 million (TND191.4 million) in funding for the benefit of Amen Bank to develop trade and support small and medium-sized enterprises in Tunisia.

This amount consists of a long-term investment loan of €35 million and a €15 million facility for trade finance, plus an additional €7.5 million from the Africa Growing Together Fund.

This new operation will allow Amen Bank to meet on a larger scale, to the financing needs of SMEs in health, agriculture and agro-food industry and industry sectors.

View source

Funding African development: Could it be faster, more impactful and cheaper?

Roundtable

03 September 2024

Funding African development: Could it be faster, more...

Cost of debt and mobilisation of private capital for Africa – could both be done better and cheaper? It’s a $170 billion per year question according to estimates from the OECD...

Perspective

06 September 2024

Lobito Corridor: Spreading the benefit?

The Lobito Corridor Railway project is progressing, with more than enough funding raised for its initial needs. But questions still remain over whether DFIs should be backing...

Must See

Video

14 March 2024

EDB’s cheatsheet for cross-border PPPs

Cross-border PPPs are complex and few in number - but potentially highly impactful. Evgeniy Vinokurov, chief economist at Eurasian Development Bank (EDB), discusses the findings from EDB’s 2023 report 'Cross-Border Public- Private Partnerships' and what makes for a successful cross-border PPP.

Roundtable

03 September 2024

Funding African development: Could it be faster, more impactful and cheaper?

Cost of debt and mobilisation of private capital for Africa – could both be done better and cheaper? It’s a $170 billion per year question according to estimates from the OECD of what Africa needs to bridge its infrastructure gap and generate sustainable growth. So what needs to change? Join Uxolo’s open access virtual roundtable on 10 September to find out.

Perspective

06 September 2024

Lobito Corridor: Spreading the benefit?

The Lobito Corridor Railway project is progressing, with more than enough funding raised for its initial needs. But questions still remain over whether DFIs should be backing a scheme that supports extractive industries.