Tunisia: Afreximbank to support private and public enterprises & banks with $1.3bn loan

The African Export–Import Bank, Afreximbank, will lend Tunisia $1.3 billion to support public and private enterprises as well as public and private banks.

Afreximbank director of trade financing Aymen El-Zoghbi said $500 million will be allocated to boost state-run and private companies.

The remaining $800 million will be earmarked for supporting banks in private and public sectors.

El-Zoghbi who was speaking on the sidelines of the third edition of Financing Investment & Trade in Africa (FITA), in the Tunisian capital, also indicated the loans are in line with the Afreximbank’s program for the North African country for 2020.

Tunisia will house the institution’s North Africa & Maghreb regional office, this year.

Plans to open the regional office in Tunis were set last year but could not roll out because of presidential and legislative elections.