African Development Bank Offers 40 million euro Loan to Tunisian Kuwaiti Bank
The Tunisian News Agency reported that the African Bank for Development has extended a 40-million euro loan to the Tunisian Kuwaiti Bank for Development. as a contribution to financing a fourth loan line.
The Tunisian ambassador to the Ivory Coast, Zein Al Abideen Tras and the African Development Bank vice president for operations, Siril Enwaz signed the loan and its collateral agreement in a ceremony held at the bank’s headquarters in Abidjan.
The money will be used to fund with hard currency some projects in the tourism, industry and agriculture sectors and other commercial services in Tunisia.
The loan will raise the amount of funds granted by the African Bank to Tunisia to 110 million dinars this year, said the agency – Albawaba.com