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

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.