First Independent Mena Newspaper
The Tunisian government has been mounting pressure on local financial institutions to fund the 2022 national budget as the country struggles to land foreign loans to close the project’s $2.8 billion budget deficit. The move is revealed by Ahmed El Karm, member of the executive board of Tunisia-based independent think-tank Institut Arabe des Chefs d’Entreprises […]
Tunisia has ratified a loan agreement with the European Union for €200 million to be tapped by the country’s Small and Medium Enterprises (SMEs). The deal for the credit line which includes €50 million in form of grant, was signed back in June last year and covers the 2021-2023 period. The financing aims to boost […]
Saudi Arabia and Libya will provide Tunisia a loan of $500 million each attached with affordable interests to help the North African country to overcome economic woes amid the ongoing political crisis. The news was revealed by Tunisie Numerique, which cited a source knowledgeable of the matter but who asked not be named because not […]
The World Bank approved a $450 million loan to support Morocco’s reforms to expand the availability of financial services and digital infrastructure for individuals and businesses, as well as improving financial inclusion and digital entrepreneurship. The loan seeks to deepen reforms aimed at boosting the financial resilience of households and micro-, small-, and medium-size enterprises […]
Tunisia Thursday subscribed for a €82.5 million loan from the World Bank, destined to support the vaccination campaign against the COVID-19 pandemic. The agreement for the subscription, in the pipeline since December, was signed by Tunisian Finance Minister Ali Kooli and WB Manager for Tunisia. The loan will come to maturity in 2039 at […]
The European Investment Bank (EIB) will loan Egypt by year’s end €1.1 billion in form of financing package for the implementation of three transport projects in the Arab country. The package will come in two installments. The first tranche will take place in December and valued at €600 million, the Egyptian cabinet said in a […]
The Spanish government has approved, Tuesday, a €5 million loan to Morocco for the construction of two desalination plants in the cities of Zag and Moulay Brahim. The loan will be granted to the National Office for Electricity and Drinking Water (ONEE) through the Fund for the internationalization of the company (FIEM), according to the […]
The European Investment Bank offered a €200 million loan to Morocco’s Credit Agricole to support funding for agricultural f projects. The loan aims to promote bio-agriculture and support the agriculture ministry’s “Green Generation 2020,” the two banks said in a statement. The new financing will benefit agriculture supply chains including production, storage, logistics, packaging, transformation […]
The European Investment Bank (EIB) will grant Al Amana Microfinance NGO a €3 million loan destined to support the development of Moroccan micro-enterprises and very small enterprises (VSEs), with a special focus on supporting women entrepreneurs. The agreement between the two sides seeks to facilitate access of micro-enterprises and VSEs to finance, the EIB explained […]
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 […]