Tunisia: Germany grants US$430 mln for development projects
Monday, 26 December 2022 17:34
The funding -a mix of loans and grants- will finance projects in several sectors including renewable energies, water, sustainable agriculture development, and climate resilience.
Germany recently approved a €405 million (US$430 million) finance package to fund development projects in Tunisia, the Tunisian Foreign Ministry announced in a statement released Saturday, December 24.
The package includes a €105 million grant that will fund projects in “vital cooperation areas” such as regional development, decentralization, youth employment, digitalization, sustainable agriculture development, and climate resilience.
The German development bank KfW also granted a €300 million loan to finance nine development projects in the fields of renewable energy, water, and rural development.
The agreements relating to the package were signed by the Tunisian Minister of Foreign Affairs, Othman Jerandi, and the German Ambassador to Tunisia, Peter Prügel.
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Powering the Future: Inside Nigeria’s 2025 Electric Vehicle Industrial Revolution
19:20
-
Gates Foundation, ADQ Invest $40M in AI for African Education
18:49
-
Egypt’s HealthTech Firm Nice Deer Lands Telecom Egypt as Key Client
18:38
-
Safaricom and Airtel Money Licensed to Facilitate Capital Markets Access in Kenya
18:34
-
Nigeria fintech Clea eases international supplier payments for businesses
17:15
-
Morocco accelerates airport digitalization at Casablanca hub for AFCON 2025
16:12
-
Lomé Commercial Fortnight runs through January 4, 2026
15:38
-
Cameroon positions 650,000 hectares for deforestation-free cocoa under EU rules
13:48
-
Mohamed Simporé named BICEC CEO, Outman Roqdi reassigned within BCP
13:27
-
Cameroon plans scrappage scheme and higher taxes on used car imports
12:50
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...
Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...
Central bank launches project for real-time transfers across banks and mobile wallets System aims...
Nigeria now has ~20,000 EVs on the road. While under 1% of the total fleet, adoption is surging in urban areas like Lagos and Abuja. SAGLEV’s Imota...
The Gates Foundation and ADQ launched a four-year initiative to transform education in sub-Saharan Africa using AI and EdTech, with ADQ contributing up...
Nice Deer has partnered with Telecom Egypt to manage healthcare services for over 28,000 employees via its digital insurance platform. The announcement...
Ghana plans to introduce a fully online visa application system in early 2026 The reform aims to speed up processing and simplify entry...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...