Africa > North Africa > Tunisia > Banking / Investment

Banking / Investment in Tunisia

  • Africa's last international banks make their stand

    BOTSWANA, 2017/10/31 On June 1, 2017, Barclays sold a 33.7% stake in its African business, Barclays Africa Group Limited (BAGL). The transaction reduced the UK lender’s stake in its African offshoot to 14.9% and permitted, in accounting terms, the deconsolidation of BAGL from its parent. Additional symbolically, it brought to an end Barclays’ operations on the continent next additional than 100 years. The rise of Africa’s home-grown financial players has led most international lenders to withdraw from the continent. However, Société Générale and Standard Chartered are not only staying put but marking territory for digital expansion. James King reports.
  • Why governments need to support the financial sector to meet the unserved needs of smallholder farmers

    BOTSWANA, 2017/09/09 This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs). Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
  • Restructuring in the offing for Tunisia’s banks

    TUNISIA, 2015/07/05 Tunisia’s banking sector is one of the government’s key reform priorities in 2015, with plans for both an ambitious recapitalisation programme for national-owned banks, and the creation of a national “bad deficit” vehicle. With 37% of total banking assets in the hands of three national-owned banks and with up to one-third of their loans non-performing, revitalisation of some of the public banks has become a centrepiece of the government’s strategy to strengthen the financial sector. While the instability following the revolution had a muted impact on banking, there have been knock-on effects in other areas of the economy. Tourism in particular has faced headwinds in the intervening years, which in turn has driven up the sector’s share of non-performing loans (NPL).
  • The World Bank on Thursday gave Tunisia a loan of US$100 million to finance micro, small and medium-size firms.

    TUNISIA, 2014/05/25 The World Bank on Thursday gave Tunisia a loan of US$100 million to finance micro, small and medium-size firms. A World Bank statement in Tunis says that the loan will support a government project aimed at backing the financing of the firms at a time at the same time as Tunisian banks are facing problems of cash flow. It will as well enable the government to open credit lines to grant loans for micro-entrepreneurs and give long-term loans to the small and medium-size firms.
  • Italy's loans to Tunisia could be transformed into investments

    ITALY, 2014/04/19 Cooperation and Development Director-General at the Italian Foreign Affairs Ministry Giampalo Cantini announced Wednesday that his country is looking at the possibility of transforming part of the loans given to Tunisia into investments to fund socio-economic projects in the African country. A statement issued in Tunis said he made the announcement during a conference with Tunisian National Secretary in charge of Foreign Affairs Fayçal Gouiaa.?
  • Tunisia $1.2 billion in funding from IDB

    SAUDI ARABIA, 2013/07/09 The IDB funding line will include loans and grants, the Tunisian prime minister's office said in a statement on Friday. The funding line will be for three years, with disbursements of $400 million each year until 2015. The North African country, which has as well signed a $1.7 billion standby-loan agreement with the International Monetary fund (IMF), is struggling with rising inflation, a large external deficit and an uncertain political outlook.  Tunisia has won $1.2 billion in funding from the Saudi-based Islamic Development Bank (IDB), aimed at backing industrial, agricultural and trade projects in the country whose finances have been weak since a revolution two years ago.
  • Tunisia $1.2 billion in funding from IDB

    SAUDI ARABIA, 2013/07/09 The IDB funding line will include loans and grants, the Tunisian prime minister's office said in a statement on Friday. The funding line will be for three years, with disbursements of $400 million each year until 2015. The North African country, which has as well signed a $1.7 billion standby-loan agreement with the International Monetary fund (IMF), is struggling with rising inflation, a large external deficit and an uncertain political outlook.  Tunisia has won $1.2 billion in funding from the Saudi-based Islamic Development Bank (IDB), aimed at backing industrial, agricultural and trade projects in the country whose finances have been weak since a revolution two years ago.
  • European Bank for Reconstruction and Improvment(EBRD)

    TUNISIA, 2013/05/12 Caretaker Prime Minister Ali Larayedh conferred, on Friday in Istanbul Congress palace, with President of the European Bank for Reconstruction and Improvment(EBRD) Suma Chakrabarti, on the fringes of the annual conference of the EBRD governors. Chakrabarti said during the talk, that EBRD was willing "to help Tunisia in matters of development" enquiring about the furtherance national of the transition process, in particular concerning the Constitution, the political situation inclunding the economic priorities of the country.
  • Launching of Maghrebi Bank for Investment and Foreign Trade Looked At

    CASA , 2013/05/07 Finance Minister Ilyes Fakfakh and Moroccan Economy and Finance Minister Nizar Baraka discussed the preparations for the conference of the Arab Maghreb Nations' Finance Ministers, to be held late May 2013 on the launching of the Maghrebi Bank for Investment and Foreign Trade.
  • Bahrain investment bank Gulf Finance

    BAHRAIN, 2013/01/02 Bahrain investment bank Gulf Finance Home said on Monday it remained committed to its $3bn project to build Tunisia's prime offshore financial centre.The company said tenders for the Tunis Financial Harbour project have been issued with construction set to start in January.