Partnership agreement between Tunisian American Enterprise Fund and Tunisia Jobs

The “Tunisia JOBS, Opportunities & Business Success” programme funded by USAID and the Tunisian American Enterprise Fund (TAEF) signed a new partnership agreement on Tuesday. The agreement aims to promote equitable economic growth and job creation in Tunisia. This collaboration agreement formalizes cooperation and strengthens relations between Tunisia JOBS and TAEF.

The signing ceremony took place in the presence of Ms Hela Kaddour Fourati, Managing Director of TAEF, Mr Hedi Ksiaa, Managing Director of the SME platform, and Mr Danilo Cruz-DePaula, Chief of Party Jobs, Opportunities & Business Success (Tunisia JOBS).

The objective is to support companies financed by the TAEF and which meet Tunisia JOBS eligibility criteria by providing them with technical assistance programmes, particularly in structuring their business approach, export development, certification of their products and production processes and access to financing.

The activities to be implemented jointly under the Cooperation Agreement will include, in particular, the following elements:

-Proposal from companies that are partners in the Tunisia JOBS programme and have received technical assistance for potential TAEF funding

-Support and encourage Tunisian promoters to better identify the value chains of their business in order to become suppliers referenced by local and international operators, this to achieve their sales objectives, especially for export,

-Possibility of offering companies meeting the investment criteria of the TAEF and the Tunisia JOBS programme a global offer including cash financing and a technical assistance envelope to maximize their impact and the chances of success of Tunisian companies.

Tunisia JOBS is a $60 million programme of the United States Agency for International Development USAlD to promote the competitiveness of private companies in order to accelerate the creation of thousands of sustainable jobs over the next five years.

The Tunisian American Enterprise Fund (TAEF) was created as an initiative of the US government to help expand economic employment opportunities in Tunisia, catalyse investment, promote private sector development and support inclusive economic growth. Directly and primarily focusing on small and medium-sized enterprises and also supporting local financial institutions (investment funds, microfinance institutions, etc.), TAEF, which currently receives a US State contribution of $100 million through the United States Agency for International Development (USAID), aims to strengthen their growth prospects while focusing on social factors for inclusive development: women, youth and regions in Tunisia.

TunisianMonitorOnline

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