As of January 1 2005, Amen Lease and Tunisia Leasing will merge according to a report in the Moroccan economics newspaper, L’Economiste. The deal has big implications for the financial industry in North Africa and particularly the lending environment.
The decision to merge still has to undergo some final approvals, however, but the two companies have come to an agreement in broad outline. The synergy is hoped to lead to a more efficient and effective lending market. The Tunisian financial authorities have already given their approval.
