On July 9, 2024, the United States government inaugurated the first USAID Power Tunisia grant program, entitled “Improving Access to Financing for Small-Scale Clean Energy Investments in Tunisia.” This program will be implemented in Tunisia by two financial partners, Amen Bank and Advans Tunisie. Over a period of 17 months, this program aims to support more than 500 companies in their clean energy projects, thus generating investments of more than 3.4 million dollars (or 10.57 million Tunisian dinars). A strategic partnership Under this initiative,
Amen Bank plays a crucial role in providing loans for small-scale investments not exceeding $50,000 each. These loans are intended for small and medium-sized businesses to purchase and install renewable energy and energy efficiency technologies. These investments are designed to reduce CO2 emissions and lower borrowers’ energy costs, with a particular focus on extending benefits to the most remote regions of Tunisia. Partner declaration U.S. Ambassador Joey Hood said during the ceremony: “This initiative marks an important milestone in our partnership with Tunisia to advance its national clean energy strategy. By improving access to financing for small and medium-sized businesses engaged in clean energy projects, we promote economic growth and environmental sustainability. This program demonstrates the United States’ commitment to sustainable development and supports Tunisia’s leadership in clean energy innovation. »
Mr. Neji Ghandri, Chairman of the Board of Directors of Amen Bank, underlined: “As part of this grant, our partnership with USAID Power Tunisia reinforces our commitment to facilitate access to financing for small and medium-sized enterprises involved in construction projects. renewable energy and energy efficiency, thus contributing to a greener economy.
Amen Bank will offer adapted financial products, advantageous conditions and personalized support for each project supported by POWER TUNISIA. We are committed to facilitating access to the necessary financing and maximizing the chances of success of the initiatives carried out by this program. » Ms. Meriem Zine, Managing Director of Advans Tunisie, added: “Developing solutions to promote clean energy is part of our global climate strategy at Advans Tunisie.
This new partnership with USAID Power Tunisia will allow us to develop adapted and accessible financial services for small and medium-sized businesses, as well as our agricultural clients, to invest in renewable and efficient energy equipment. We will do everything possible to support our customers in their energy transition to increase their long-term resilience. » Towards a sustainable future This action is fully in line with Amen Bank’s Green IT strategy, aiming to integrate sustainable practices and reduce its ecological footprint. By facilitating access to financing for renewable energy projects, Amen Bank contributes not only to economic growth, but also to environmental protection in Tunisia.