By George Ozalla
L-R: Dr Fethi Zouhaier Nouri, Governor of the Central Bank of Tunisia, and Dr George Elombi, President and Chairman of the Board of Directors of Afreximbank, during the signing of a US$500 million term loan facility in Cairo, Egypt
African Export-Import Bank (Afreximbank) has signed a $500 million term loan facility with the Central Bank of Tunisia, acting on behalf of the Ministry of Finance of the Republic of Tunisia, to support the country’s key socio-economic and fiscal priorities.
The agreement was signed at Afreximbank’s headquarters during a meeting attended by the President and Chairman of the Board of Directors of Afreximbank, Dr George Elombi, and the Governor of the Central Bank of Tunisia, Dr Fethi Zouhaier Nouri, alongside senior officials from both institutions.
According to details released after the signing, the financing facility is expected to assist Tunisia in mobilising external resources required for the implementation of its fiscal and development programmes. The support is aimed at helping the government sustain economic stability, strengthen public finances and advance priority socio-economic initiatives.
The facility forms part of Tunisia’s broader financing strategy designed to address funding needs associated with national development objectives. Officials noted that the arrangement would contribute to the mobilisation of external financing resources needed to support government programmes and strategic sectors of the economy.
Speaking during the signing ceremony, Afreximbank and the Central Bank of Tunisia reaffirmed their commitment to deepening cooperation in support of economic growth, development and regional integration across Africa. The agreement reflects the growing partnership between the two institutions and underscores the role of development finance in supporting African economies.
The latest financing package adds to a series of engagements between Tunisia and Afreximbank in recent years as the North African nation continues efforts to strengthen fiscal stability, accelerate economic reforms and expand investment opportunities.
Afreximbank has remained a key partner to African governments and institutions through the provision of trade finance, project financing, guarantees and sovereign support facilities. The bank continues to play a significant role in advancing trade, investment and economic transformation across the continent while supporting member states in addressing development and financing challenges.
