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. 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.

Source: The North Africa Journal February 05, 2020 10:30 UTC