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AfDB Approves 92.3 Million Euros to Improve Living Conditions in Tunisia

Tunisian President Kais Saied meets with Italian Prime Minister Giorgia Meloni in Tunisia on April 17, 2024 (EPA)
Tunisian President Kais Saied meets with Italian Prime Minister Giorgia Meloni in Tunisia on April 17, 2024 (EPA)
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AfDB Approves 92.3 Million Euros to Improve Living Conditions in Tunisia

Tunisian President Kais Saied meets with Italian Prime Minister Giorgia Meloni in Tunisia on April 17, 2024 (EPA)
Tunisian President Kais Saied meets with Italian Prime Minister Giorgia Meloni in Tunisia on April 17, 2024 (EPA)

The African Development Bank (AfDB) said on Tuesday it approved a financing package of 92.3 million euros to support business competitiveness and empower the Tunisian population through job creation, according to the German news agency, dpa.

The financing consists of a 90-million-euro loan from the Bank Group, and a grant of 2.3 million Euro under the Affirmative Finance Action for Women in African (AFAWA) initiative.

It aims to provide young people and women looking for work with the skills they need to access salaried jobs, to improve living conditions and promote economic inclusion through entrepreneurship and skills development.

The Tunisian government forecasts that the program could enable the creation of more than 118,000 formal jobs.

Tunisia struggles with economic difficulties that have led to a decline in public sector employment, due to a fiscal crisis, in addition to widespread unemployment among young people and university graduates.

The unemployment rate in Tunisia stands at 16.1% according to the latest data. The unemployment rate for youth in the 15-24 age bracket rose to 39.2% while the unemployment rate among people with a higher education degree reached 23.4%.

Last June, the European Union, the EIB, AFD Group and KfW announced a major joint investment of 270.9 million euros to support Tunisia's entrepreneurial ecosystem.

Also, two credit lines worth 170 million euros and 80 million euros, and 10.5 million euros for the Dhamen Express guarantee facility, were deployed to increase access to finance for MSMEs in Tunisia.

At least 30% of the funds from the EIB and 35% of those from AFD went to projects promoting social inclusion, targeting women, youth employment and less-favored areas, as well as the green economy and climate resilience.

This initiative underscored the commitment of the EU, the European Investment Bank (EIB), Agence Française de Développement (AFD) and Kreditanstalt für Wiederaufbau (KfW) to support projects that have a high social impact and promote the economic recovery of Tunisia’s micro, small and medium-sized enterprises (MSMEs), taking a Team Europe approach.

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Arab World

Sudanese Stakeholders Hold Roundtable Talks in Geneva

A previous meeting of the coordination of Tagadum with the officials of the African Mechanism in Addis Ababa. (Tagadum on Facebook)
A previous meeting of the coordination of Tagadum with the officials of the African Mechanism in Addis Ababa. (Tagadum on Facebook)
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Sudanese Stakeholders Hold Roundtable Talks in Geneva

A previous meeting of the coordination of Tagadum with the officials of the African Mechanism in Addis Ababa. (Tagadum on Facebook)
A previous meeting of the coordination of Tagadum with the officials of the African Mechanism in Addis Ababa. (Tagadum on Facebook)

Geneva has hosted a third “roundtable” of meetings involving Sudanese political and civil groups aimed at bridging the gap between the country’s warring parties. These talks, coordinated by the French organization Promediation, follow similar meetings held previously in Cairo and Geneva. The primary goals are to negotiate a ceasefire and facilitate humanitarian aid to civilians.

The two-day meetings, which began on Monday, include representatives from the Coordination of Democratic Civil Forces (Tagadum), the pro-army Democratic Bloc coalition, and armed movements aligned with the bloc. However, some groups have announced their boycott of the meetings.

The Democratic Bloc has shown conflicting stances on attending the Geneva talks. Mohammed Zakaria, spokesperson for the bloc and a member of the Justice and Equality Movement (JEM), announced his group’s decision not to participate.

Omar Khalafallah, a leader in the Democratic Unionist Party and another bloc spokesperson, refuted Zakaria’s statement, insisting that the bloc would attend the meetings to promote a national vision.

A source within the Democratic Bloc told Asharq Al-Awsat that the meetings revealed significant internal divisions in the coalition. The JEM, led by current Finance Minister Jibril Ibrahim, appears to be charting its own course, which the source described as a form of defection.

In remarks to Asharq Al-Awsat, Sharif Mohammed Osman, a leader in Tagadum and the political secretary of the Sudanese Congress Party, explained that the meetings seek to achieve consensus on ending the war through negotiated solutions, starting with a humanitarian truce to ensure aid delivery and the opening of safe corridors.

These measures are considered preliminary steps toward a ceasefire and a peaceful resolution to the conflict, he underlined.

A wide array of civilian leaders are participating in the talks, including key figures from Tagadum, such as Sudanese Congress Party leader Omar Al-Dukair, Federal Gathering Party leader Babiker Faisal, and head of the Sudan Liberation Movement – Transitional Council Al-Hadi Idris.

Osman expressed optimism that the participants would issue a unified final statement addressing the peaceful resolution of the war and agreeing on a humanitarian truce to facilitate aid delivery.

In October, Cairo hosted a similar meeting, which resulted in a final statement signed by the participating groups, except for the Sudan Liberation Movement – Minni Minnawi faction and the JEM – Jibril Ibrahim faction, which refused to endorse the Cairo declaration despite attending the discussions.

Promediation, a French organization supported by the French and Swiss foreign ministries, has played a consistent role in Sudanese affairs. Since June 2022, it has organized roundtable discussions, initially focusing on negotiations between Darfuri armed movements before expanding its scope to include Sudanese political and civil forces in the wake of the war.