The European Bank for reconstruction and development (EBRD) has agreed to provide a €24 million loan to Tunisie Leasing and Factoring, the country’s largest leasing company. The loan will allow the Tunisian company to continue growing its network across the country and reaching SMEs in regions less well-covered by competitors. Supporting access to finance for SMEs has been identified as a strategic priority by both the government of Tunisia and the EBRD. Tunisie Leasing and Factoring was the first company to establish leasing operations in Tunisia and has a strategic focus on supporting small businesses. The Bank’s investments aim to support Tunisia’s competitiveness by opening markets and strengthening governance, promote economic inclusion for women, young people and those living in remote areas, strengthen the financial sector’s resilience, and support Tunisia’s green economy transition.

Source: The North Africa Journal March 28, 2019 12:56 UTC