finance & economy

More than 600 companies benefit of Programme to support competitiveness of services sector

June 23, 2022

TAP) - More than 600 companies have benefited of the Program of the Support to the Competitiveness of Services Sector (PACS), under the technical and financial cooperation between Tunisia and the European Union (EU), said Anis El Fahem, director of the EBRD’s programme 'Support to SMEs.'

This programme aims to help improve the performance of the sector with a total funding of €20 million (nearly 64,480 million dinars) divided equally between the EU and the European Bank for Reconstruction and Development (EBRD), responsible for implementing the programme, El Fahem said at the closing of the PACS program Wednesday in Tunis.

The companies involved have benefited of consulting services offered by local and international experts in several sectors, namely transport, ICT, alternative tourism, crafts and trades related to industry. The objective is to improve the quality of the products of these companies and their management, to enable them to capture foreign markets.

The programme has also, allowed to reach very small companies, by developing the cluster approach that has concerned 15 grouped projects for the benefit of more than 116 companies.

It has allowed the training of more than 600 women entrepreneurs, through the programme 'Women in Business', offering them coaching in leadership, digital marketing and financial management.

The funding granted in the form of consulting services is worth between 5 thousand and 10 thousand euros (between 16 thousand dinars and 32 thousand dinars)

According to the results of the end of the project, 72% of companies have managed to increase their turnover, 57% have been able to improve their productivity on average by 53%, and 58% have been able to create jobs after receiving support from the EBRD.

In addition, 27% of beneficiaries were able to access external financing with EBRD's financial partners, El Fahem said.

He added that currently the EBRD is implementing an export development programme for SMEs.

This is a programme funded by the EU to the tune of 23 million dinars, whose objective is to enable recipient companies to conquer foreign markets, especially in sub-Saharan Africa and in the traditional markets of Europe and North America.

More than 600 companies benefit of Programme to support competitiveness of services (PACS)

(TAP) - More than 600 companies have benefited of the Programme of the Support to the Competitiveness of Services Sector (PACS), under the technical and financial cooperation between Tunisia and the European Union (EU), said Anis El Fahem, director of the EBRD’s programme 'Support to SMEs.'

This programme aims to help improve the performance of the sector with a total funding of €20 million (nearly 64,480 million dinars) divided equally between the EU and the European Bank for Reconstruction and Development (EBRD), responsible for implementing the programme, El Fahem said at the closing of the PACS program Wednesday in Tunis.

The companies involved have benefited of consulting services offered by local and international experts in several sectors, namely transport, ICT, alternative tourism, crafts and trades related to industry. The objective is to improve the quality of the products of these companies and their management, to enable them to capture foreign markets.

The programme has also, allowed to reach very small companies, by developing the cluster approach that has concerned 15 grouped projects for the benefit of more than 116 companies.

It has allowed the training of more than 600 women entrepreneurs, through the programme 'Women in Business', offering them coaching in leadership, digital marketing and financial management.

The funding granted in the form of consulting services is worth between 5 thousand and 10 thousand euros (between 16 thousand dinars and 32 thousand dinars)

According to the results of the end of the project, 72% of companies have managed to increase their turnover, 57% have been able to improve their productivity on average by 53%, and 58% have been able to create jobs after receiving support from the EBRD.

In addition, 27% of beneficiaries were able to access external financing with EBRD's financial partners, El Fahem said.

He added that currently the EBRD is implementing an export development programme for SMEs.

This is a programme funded by the EU to the tune of 23 million dinars, whose objective is to enable recipient companies to conquer foreign markets, especially in sub-Saharan Africa and in the traditional markets of Europe and North America.

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