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Cepex-Mission of Tunisian entrepreneurs in the health sector: B2B meetings and field visits

The Export Promotion Center (Cepex) announces on its website the organization of a mission of Tunisian businessmen in the health sector, from 7 to 10 November 2022, in Kinshasa, as part of the “Tunisian Health Services Exhibition, pharmaceutical, medical devices and equipment and paramedical products industries. Participation in this mission, organized in collaboration with the Tunisian Embassy in Kinshasa, is open to private clinics, medical practices pharmaceutical industries, medical devices, medical equipment and paramedical products.

Professional B2B meetings are scheduled with the main economic operators in the health sector, business meetings with sector decision-makers in the DRC, individual and / or collective field visits. The Export Promotion Center also announces the prospection of the exhibition of industrial products called “Hospital Expo” on the sidelines of the international congress of Afmed (non-profit association that brings together all former students of the Faculty of Medicine of the University of Kinshasa), which will take place from 7 to 11 November 2022.

According to Fathi Nouri: “We have to communicate with the Tunisians

Speaking recently On a private radio station, economics professor Fathi Nouri said Najla Bouden’s government should communicate with Tunisians and talk more about the country’s economic situation. He also invited the head of the government to “direct energy consumption to cope with the delicate economic situation in Tunisia”.

According to him, reform is not a renunciation of conquests, but a necessity. “The reforms in the Tunisian imagination are linked to the abandonment of subsidies and the privatization of public institutions. The meaning of the reforms must be made clear to the citizen ”.

Mr. Nouri also clarified that the government’s negotiation phase with the International Monetary Fund was successfully completed after reaching an agreement on a technical level. “The next step is to move on to the results,” he said. And to add: “The crisis in Tunisia is linked to the world economic crisis caused by the Russian-Ukrainian war”.

BNA: customer deposits 12.3% increase

The Banca Nazionale Agricola (BNA) has just published its activity indicators as of 30 September 2022. The residual amount of loans to customers, net of provisions and reserved charges, reached 13,356 million dinars against 12,700 a year earlier, recording an increase of 5.2%.

Customer deposits recorded, between September 2021 and September 2022, an increase of 1,208 million dinars, or a growth of 12.3%. The banking operating result reached € 1,336 million dinars of 30.9.2022 against 1.098 of 30.9.2021, registering an increase of 21.7%. Bank operating expenses increased by 127 million dinars, from 517 million dinars at 30.9.2021 to 644 at 30.9.2022.

The brokerage margin stood at 692 million dinars at 30.9.2022 against 580 at 30.9.2021, thus recording an increase of 19.2%. The total amount of operating expenses decreased by 3.7% between September 2021 and September 2022, from 263 million dinars at 30.9.2021 to 254 at 30.9.2022.

Fitch Ratings-Enda Tamweel: Long and short notes confirmed terms

The long and short term ratings of Enda Tamweel SA (Enda) have just been confirmed by Fitch Ratings. These are “BBB (tun)” and “F3 (tun)” respectively. According to the rating organization, the long-term rating outlook is stable. The ratings reflect Fitch’s assessment of the challenging operating environment for financial institutions in Tunisia, offset by the franchise’s strength and reputation, with a solid track record of profitability, reasonable, albeit weakened asset quality indicators, a level of comfortable reserves as well as good access to international finance. The operating environment of Tunisian financial institutions is deteriorating, as evidenced by the downgrade of Tunisia’s sovereign rating to “CCC” on March 18, 2022 by the rating agency and its observation of the criteria on July 14, 2022. It should be remembered that “Enda “is the leader in Tunisia in the microfinance sector, with an estimated market share of 72% in terms of loans outstanding at the end of 2021, but remains a small lender in the entire financial sector of the country. Enda’s business model is single-line, notes Fitch Ratings, but diversification efforts are underway with the introduction of micro-insurance products. “Enda” lends to the most vulnerable people and micro-entrepreneurs in Tunisia, for which it is often the only available source of finance. Borrowers are generally micro-entrepreneurs in the agricultural and commercial sectors, seeking small, short-term working capital loans (average loan value is less than 3,500 dinars). “Enda” operates nationwide through a network of over 100 agencies. It has seen rapid growth in terms of loans, averaging 22% per annum over the past four years, albeit at a slower pace in 2021 at 12% and in the first half of 2022 at 4%. The slowdown derives from management’s prudent approach to risk in a very difficult context in which the demand for microloans is increasing. The US agency expects Enda’s loans to continue to grow selectively at double-digit rates over the next two years. The agency expects an increase in the number of active customers and a reduction in the average loan size, which could limit the pressure on asset quality and profitability. According to “Fitch Ratings”, the downward trend in asset quality should continue, with a default ratio of 3.6% at the end of June 2022, compared to 2.4% in 2021 and 0.7% in 2018. According to “Fitch” projections, the ratio should reach 4% at the end of this year, reflecting the extremely difficult Tunisian operating context. However, the agency expects Enda’s profitability to remain strong and resilient over the next 12-18 months.

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