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North Africa: IFC Invests €15 Million in Private Equity Fund to Help SMEs in North Africa

IFC, a member of the World Bank Group, is investing €15 million in a new private equity fund by AfricInvest, a leading private equity fund manager, to help expand access to finance for small and medium enterprises in North Africa. The investment is part of a larger effort to support ...

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Barclays Africa, China Development Bank sign agreement to cooperate on development projects in Africa

Barclays Africa will leverage the MoU to unlock opportunities in order to strengthen its contribution towards Africa’s economic growth and development Barclays Africa Group Limited (BAGL) (www.BarclaysAfrica.com) and China Development Bank (CDB) (www.CDB.com.cn) have signed a memorandum of understanding (MoU) aimed at strengthening cooperation and exploring opportunities to fund development ...

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Parisian Exploration of New Oils Goes International

Olio Nuovo Days announced the third edition ‘Hémisphère Nord’ at a press conference in Paris. Producers from around the world and prominent figures of the olive oil market gathered on November 27 at Le Cordon Bleu Paris school for a preview of the third edition of Olio Nuovo Days (OND). The concept, ...

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Oil and olive oil fair opens in Tripoli

A trade show of Libya olives and olive oil has opened at the Tripoli International Fair ground. Libyan olive oil is highly appreciated by those who know it. However, it is not widely available. As with the orange industry, Libya’s largest export earner before the discovery of oil, the olive ...

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AGRICULTURE Tunisia to reinforce its presence in Japan’s olive oil market

In Tunisia, the Fund for the Promotion of Conditioned Olive Oil (FOPRHOC) will initiate a scheme to increase exports of olive oil to Japan, to satisfy 5% of the Asian nation’s demand. This was announced by Abdessalem Loued, president of the Chambre syndicale nationale des exportateurs d’huile d’olive. This scheme should help ...

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Abraaj buys Tunisie Telecom from Dubai Holding-Tunisian minister

Private equity firm Abraaj Group has bought from Dubai Holdings’ telecoms arm its 35 percent stake in state-controlled Tunisie Telecom, a Tunisian minister said on Monday. In 2006 Dubai Holding’s Emirates International Telecommunications (EIT) bought the stake for $2.25 billion, according to its website. “The UAE’s Abraaj became a new ...

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EESL to host INSPIRE 2017, global event on energy efficiency

 Energy Efficiency Services Limited (EESL)  hosts its flagship international event “INSPIRE 2017” (International Symposium to Promote Innovation & Research in Energy Efficiency) along with The World Bank, and Alliance for an Energy Efficient Economy (AEEE) from November 27th to December 1st in Jaipur. The five-day event will showcase Innovation and ...

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Tunisia Secures €112 Million Loan For Road Construction

The Board of the African Development Bank Group (AfDB) has approved a loan of €112 million to help finance the North-East Road Connectivity Support Project in Tunisia. The project aims to make the Tunisian economy more competitive through supporting the growing demand for the traffic of goods and people in ...

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Majority Of MENA Would Prefer To Be Self-employed

An annual survey exploring the state of entrepreneurism in the Middle East and North Africa has found that once again the majority of respondents (62%) would prefer to be self-employed—but a slew of obstacles, particularly related to financial resources, still remain a major impediment. The survey, entitled Entrepreneurship in MENA ...

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Tunisia: Fruits exports earnings soar 35% at Nov. 20

– Tunisia’s fruit exports earnings stood at 58.615 million dinars ($23.4 million) at last November 20, for the 2017 season. This is 35% more than during the past season, the ministry of agriculture, water resources and fishery said in a statement quoted by TAP. The surge is mainly due to a ...

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