New shareholder for entrepreneur financial centre in Tunisia

January 29, 2018

An agreement was signed January 25 between the Entrepreneur Financial Centre in Tunisia (CFE Tunisie) and the Tunisian American Enterprise Fund (TAEF) aimed at undertaking an investment of 12.3 million Tunisian dinars comprised of financing and capital, in addition to providing technical assistance.

This investment will allow the centre to continue expanding its loan portfolio and open new regional service outlets. In this way, financial inclusion will be increased to a larger number of women and men enterpreneurs running micro and small enterprises.

“Here in our centre, 53 percent of our staff are women, and at the same time women obtain more than one-third of our loans. However, this is still not enough. We are working to raise that to 50 percent because we believe in gender equality and are convinced that women entrepreneurs are an extremely valuable resource for Tunisia,” explained Radhi Meddeb, CFE Tunisie president.

TAEF joins a number of organizations that are already helping support the success of the centre thanks to  

  • their capital infusion into the institution (Développement international Desjardins (DID), AfricInvest Group and French Development Agency subsidiary Proparco which joined the startup shareholders from December 2016)
  • or their financial support (the Government of Canada through Global Affairs Canada, AFD and the International Finance Corporation (IFC), a World Bank Group member).

Launched as an American Government initiative, the Tunisian American Enterprise Fund (TAEF) aims, among others, at promoting job creation and inclusive economic growth in Tunisia.