Sustainable Food Value Chains Knowledge Platform

EBRD fosters Tunisia’s olive oil sector

26/10/2016

The European Bank for Reconstruction and Development (EBRD) is supporting olive oil producers in Tunisia with a €5 million loan to Sovena MENA and Tiba Foods, local subsidiaries of Sovena Group, the leading Portuguese producer and distributor of olive oil products.

Tunisia is one of the five largest olive oil producers in the world. The EBRD loan will support the development of this strategic sector of the Tunisian economy which will promote regional integration, strengthen competitiveness on external markets and bolster economic growth.

The Bank’s funds will enable the Tunisian subsidiaries to expand their sourcing of olive oil, which will deepen and strengthen their links with local olive oil mills and farmers. In addition, the loan will contribute to increasing the production of bottled olive oil for export. Read on here.

Source: EBRD
Language: English

The News item's focus in terms of:
Countries:
Tunisia
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