AfricInvest and Siparex announce first closing of “Fonds de Co-Localisation Franco-Tunisien” (FCFT)

12 Feb 2016

12th February, 2016 - AfricInvest and Siparex are pleased to announce the first closing of the “Fonds de Co-Localisation Franco-Tunisien” (FCFT), promoted and equally subscribed by French and Tunisian state investors - Bpifrance (France) and Caisse des Dépôts et Consignations (Tunisia).

FCFT, with an initial size of EUR20mn and a 10-year life span, will contribute to the development of Franco-Tunisian economic relations through the financing of Tunisian and French SMEs with high growth potential, to develop their activities in both countries. The fund will be co-managed by Siparex and AfricInvest, benefitting from the strength of their networks on both continents.

FCFT primarily targets performing and high potential SMEs managed by leaders with an innovative approach in their respective business segments that are looking for funding and concrete international support. Potential investee companies will also demonstrate an ability to develop or strengthen links with Tunisian and/or French partners.

FCFT aims to promote regional integration through industrial partnerships, technology, and sustainable and balanced trade between the two countries. Preferred sectors for investment include, but not limited to:

(i) information and communications technology
(ii) health, pharmaceutical and education
(iii) agrifood industries
(iv) manufacturing, mechanical and electronic industries
(v) transport and logistics
(vi)tourism and recreation
(vii) renewable energy and “cleantech”

By supporting the growth of these companies, FCFT will also help to encourage innovation, good governance and transparency, as well as to develop export sales and to promote stable employment and added value in both France and Tunisia.

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