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TunisiaEBRD promotes Tunisia’s olive-oil sector
The European Bank for Reconstruction and Development (EBRD) is supporting olive-oil production in Tunisia with a TND 20 million (€6.2 million) loan to Compagnie Générale des Industries Alimentaires (COGIA SA).
Tunisia is one of the five largest olive-oil producers globally. The EBRD loan will support the development of the sector ‒ of strategic importance to the Tunisian economy ‒ with a view to promoting regional integration, strengthening export competitiveness, and bolstering national economic growth. The Bank’s funds will enable COGIA to grow its sourcing, bottling and exports of Tunisian olive oil.
The EBRD has been involved in the Tunisian olive oil sector since 2012 and, to date, has financed six projects, including an initial loan to COGIA in 2017.
Since the start of its operations in Tunisia in 2012, the EBRD has invested close to €1.35 billion in 54 projects in the country. The Bank has also provided technical assistance to more than 1,400 small Tunisian businesses.
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