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In cooperation with local Tunisian banks, investment funds and microfinance institutions, we support micro, small and medium-sized enterprises creating jobs and boosting growth. Local companies have been able to benefit from financing agreements, signed with several Tunisian intermediary banks, dedicated to SMEs, with disbursements reaching €320 million. Moreover, under the Economic Resilience Initiative (ERI), the EIB granted a local currency loan to Enda Tamweel to support microenterprises and promote financial inclusion.
Since 1998, the EIB has committed €312.16 million to 23 private equity and venture capital funds that invest in Tunisia. In the last years, over €100 million of equity risk capital in private equity and venture capital funds have been committed by the Bank. Over time, these funds have made 85 investments in Tunisia, which have supported the growth of start-ups and SMEs across the Mediterranean countries and operate across various sectors, including education, healthcare, manufacturing and technology. We also support unlocking young people’s potential in the region.
The Bank also helps larger Tunisian companies to grow. For example, we helped One Tech, a family business specialising in electronics, upgrade its manufacturing capacity and create 720 new jobs.
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