Tunisia is planning to set up an investment bank for youth entrepreneurship, according to a press release issued by the Ministry of Economy and Planning on Thursday.
The new bank, which will be established in partnership with the African Development Bank (ADB), was the focus of a meeting held in Sharm el-Sheikh between Minister of Economy and Planning, Samir Said, and the President of the Bank Group, Akinwumi Adesina, in the margins of his participation in the annual meetings of the African financial institution.
According to the press release, the two officials discussed the progress of studies on the Youth Entrepreneurship Investment Bank project, which aims to provide a support mechanism for young entrepreneurs to realize their projects and make an effective contribution to economic recovery.
Saied informed the President of the AfDB Group of Tunisia’s willingness to support the African Pharmaceutical Technology Foundation (APTF), created by the African bank, and proposed the conclusion of partnership agreements between this foundation and the Pasteur Institute in Tunisia.
In this context, he recalled the necessary experience and proven reputation of our country in this field.
For his part, Adesina confirmed the AfDB’s willingness to continue supporting Tunisia in the implementation of future projects, particularly in the development of the cereals sector, the recycling of waste water and its use for agricultural purposes and the creation of industrial zones in the regions.