Tunisia:State Support to SMEs investment,18 more applications approved
- 26 October 2020 / News / 255 / Emerging Africa
18 out of 24 applications submitted by companies to benefit from the State's payment of the difference between the interest rate on investment loans and the average rate of the financial market were approved by the Industry, Energy and Mining Ministry Friday.
This support is limited to a maximum of three points for loans granted by banks and financial institutions offered to small and medium-sized enterprises (SMEs).
These applications to benefit from the advantage offered by the State were approved among 24 other files reviewed at a meeting of the steering committee of this mechanism within the ministry.
The meeting was chaired by Industry, Energy and Mining Minister Salwa Sghaier.
The overall amount to be paid by the State after reviewing these applications is estimated at 2.4 million dinars, said the Industry Ministry, adding that with these new approvals, the number of files adopted has reached 26 for an overall amount of 4.6 million dinars.
The Industry Ministry has received 46 applications from companies employing nearly 3,000 staff members, until October 23.
The minister said at Friday's meeting that her department will seek to encourage investment as well as ensure the sustainability of SMEs and preserving jobs.
This advantage is offered to companies, whose investment volume (creation and extension) is between 150,000 dinars and 15 million dinars, to SMEs operating in the agricultural sector and other non-trade productive sectors, the finance sector, land and the hydrocarbons and mining sector
Morocco : Pandemic Increased Moroccans’ Desire for Cash, Currency circulation within Morocco increased to 319 billion MAD in 2020, reports Bank Al-Maghrib.
- 03 August 2021
Denver - While financial institutions around the world are steadily moving towards digital currency, Moroccan demand for traditional cash circulation continues to grow. In a report from Morocco’s...
Morocco : Central Bank: Morocco’s Economy Suffered Unfavorable Climatic Conditions
- 03 August 2021
Rabat - King Mohammed VI received today in Fez’ royal palace the governor of Bank Al Maghrib (BAM), Abdellatif Jouahri, who presented an overview on Morocco’s economic situation.The reception com...