The European Bank for Reconstruction and Development (EBRD), a multilateral developmental investment bank, and Tunisie Telecom, Tunisia’s national telecom operator, say they are partnering to improve the country’s digital infrastructure and drive the company’s transformation. The (up to) €190 million (about US$221.2 million) EBRD development-linked loan will be disbursed in four tranches, including a first committed tranche of €50 million (US$58.2 million). The loan will finance multi-year investments in upgrading Tunisie Telecom’s mobile access network from 4G to 5G, expanding its fibre network, connecting up to 200,000 Tunisian households to fibre-to-the-home, and modernising the company’s backbone and core network. The EBRD says it is providing, for the first time since 2012, financing without a sovereign guarantee in Tunisia’s public sector. The interest rate is tied to the achievement of key transformation programme milestones: sustainability objectives and broader state-owned enterprise (SOE) reform objectives.

Source: The North Africa Journal January 19, 2026 16:50 UTC