Monday
July 12
2021

IFC Supports CHO for Ecological Production of Olive Oil in Tunisia

The International Finance Corporation (IFC), the subsidiary of the World Bank Group in charge of financing the private sector, has just approved a loan of 22 million dollars in favour of the CHO Group. The Tunisian olive oil producer will also be supported in the implementation of eco-responsible olive growing practices.

Good news for the CHO Group. The Tunisian olive oil producer has just obtained a loan of 22 million dollars from the International Finance Corporation (IFC), the subsidiary of the World Bank Group responsible for financing the private sector. The loan to CHO will help meet the group’s working capital needs. The financing will also enable the company to invest in new olive oil production equipment.

Photo courtesy of Omar Bariffi.

Source: Afrik 21 (link opens in a new window)

Categories
Agriculture
Tags
agribusiness, agriculture, climate change, environmental impact, farming, loan