9.8 billion dinars available to Tunisian buyers

Today, the Minister of Economy and Planning Samir Saeed, the British Ambassador Helen Winterton and the Tunisian-British Chamber of Commerce called on banks and financial institutions and a large number of public and private representatives to open a series of programs to promote UK export finance. hosted.

UK Export Finance (UKEF) is the export credit agency of the United Kingdom. This provides Tunisian buyers with attractive financial conditions, enabling them to purchase British capital goods and services. Major projects across Africa – including hospitals, roads, airports and sustainable energy sources – are being developed with the support of the UKEF. Funding of 2.5 billion pounds sterling (9.8 billion dinars) is available in Tunisia.

As a reminder, SOMEVAM, a subsidiary of Tunisian conglomerate Sebri, based in Kairouan, benefited from £10 million sterling (39 million DT) last year from UK Export Finance. This enabled them to purchase silica sand washing equipment from UK specialist manufacturer CDE.

“UK export finance offers an excellent opportunity for Tunisian projects. I urge business and government partners to seize it. Through this agency, the UK is already managing projects worth £3 billion ($3.9 billion) in Africa. Has supported,” said British ambassador Helen Winterton.

A Springboard for Business Development

“The UK is ensuring that Tunisian businesses and buyers can access the finance they need. And this is for growth, creating jobs and stimulating the economy,” reads a press release from the British Embassy in Tunis.

For its part, TBCC President Jade Mrabbett confirmed: “In its role of interface between local economic actors, those British as well as the UKEF, TBCC remains aware of the opportunities presented by the geo-strategic situation that our Makes the country, a privileged portal to access African markets… For Tunisia, after Brexit and post-Covid, the United Kingdom has become a springboard for business growth and conquest of other export markets. Note that Tunisia The hyphen par excellence to be at the same time two shores of the Mediterranean Sea and a center for Africa.

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In a speech given by the Minister of Economy and Planning, Samir Sayeed expressed his satisfaction and gratitude for such a British economic initiative. This allows entrepreneurs in Tunisia to obtain funding and guarantees to develop and develop their projects, especially in such periods of financial difficulties and the reduction of Tunisia’s sovereign numbers.

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About the Author: Forrest Morton

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