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Ladies’s World Banking Capital Companions (“WWBCP”) has efficiently accomplished the sale of its stake in Enda Tamweel to Maghrebia Vie, a part of UFI Group, one of many main Tunisian teams.
Enda Tamweel has been a part of the Ladies’s World Banking international community of inclusive monetary service suppliers for many years, and in 2018 WWBCP, Ladies’s World Banking’s first gender-lens funding fund, grew to become a shareholder in Enda Tamweel, contributing to its implausible progress path and to monetary inclusion of girls and excluded populations.
The sale to Maghrebia Vie attests to the attractiveness of Enda Tamweel particularly and of the microfinance sector in Tunisia basically, for each nationwide and worldwide events, and comes as a reinforcement of the long-standing strategic partnership between Enda Tamweel and Maghrebia.
Christina Juhasz, chief funding officer at WWBCP mentioned: “We’re proud to have shared in Enda’s journey over these transformative years, when it confirmed how optimistic social affect for Tunisia’s financially underserved folks, particularly ladies and youth, can go hand in hand with monetary sustainability. We’re particularly happy to be handing over to Maghrebia Vie, a part of one of the vital outstanding teams in Tunisia, who will assist Enda present much more services and products to its shoppers. We wish to thank all of the events for his or her work and dedication, and we hope that that is only the start of an ongoing collaboration between all our organizations in service of girls’s monetary inclusion in Tunisia.”
Habib Ben Hassine, Basic Supervisor of Maghrebia mentioned: “As historic companions of Enda Tamweel, we’re honored to take our partnership ahead with this transaction and we hope that that is simply the continuation of a fruitful and long-standing relationship between our two establishments”.
Essma Ben Hamida, co-founder of Enda and consultant member of Enda inter-arabe added:” We’re glad to welcome Maghrebia, which we all know effectively, as certainly one of our Enda Tamweel’s shareholders. It will likely be our first personal Tunisian shareholder and we hope that this improvement will reinforce and develop our partnership within the micro-insurance sector.”
WWB has been suggested on this transaction by MCF as its monetary advisor in addition to Cupboard Hedda Belajouza as its authorized advisor.
About Ladies’s World Banking Capital Companions
Ladies’s World Banking Capital Companions is the primary gender-lens funding fund established by Ladies’s World Banking, a worldwide non-profit that has labored on ladies’s monetary inclusion over greater than 40 years. The Fund seeks to shut the gender hole in monetary inclusion by investing in high-performing monetary service suppliers that serve low-income ladies shoppers, increase gender range inside their workers and administration groups, and make the most of progressive options to reinforce buyer attain and engagement.
For extra data, please go to: https://www.womensworldbanking.org/asset-management/
About UFI Group
UFI Group, based by Mr. Abdelaziz Essassi since 1970, is a number one Tunisian group working within the sectors of finance, trade, tourism, companies and actual property.
With subsidiaries in Africa (Tunisia and Algeria) and Europe (Spain), UFI Group grows steadily past the Tunisian territory, internationally, and provides precedence to sustainable improvement as a socially accountable Group, member of the United Nations World Compact since 2009.
For extra data, please go to: http://www.ufigroup.com.tn/
About Maghrebia
Maghrebia, a part of UFI Group, was based in 1973 and gathers firms targeted on strategic areas of P&C and life insurance coverage, finance, actual property and companies.Maghrebia is the third largest insurance coverage group in Tunisia when it comes to premiums collected and the first of its sector to go ahead with the sustainable improvement and the United Nations’ World Compact SDGs.Maghrebia is repeatedly creating with the imaginative and prescient of being the market’s main insurance coverage group, as evidenced by its latest itemizing on the Tunis Inventory Alternate market.
For extra data, please go to: http://www.maghrebia.com.tn/
About Enda Tamweel
Enda Tamweel is a Tunisian microfinance firm created by the non-governmental group Enda Inter-Arab, a pioneer within the microfinance sector in Tunisia. Enda Tamweel works for the monetary inclusion of weak populations, particularly ladies and youth. It makes a robust contribution to the financial and social improvement of the nation by means of the lively help it offers to micro-entrepreneurship and self-employment. Relying its improvement on proximity, Enda Tamweel operates by means of a community of 103 businesses protecting all Tunisian governorates and 5 cellular branches serving primarily distant areas.
For extra data, please go to: http://www.endatamweel.tn/
About MCF
Based in 2014, MCF is an impartial company finance and funding advisory agency targeted on creating economies and international locations with sturdy progress potential inside the Center East and Africa area. Its deep data of the area and its established fame made it turn out to be a reference participant, offering skilled and impartial advisory companies on numerous strategic and monetary topics, and benefiting from the help and confidence of regional and worldwide shoppers and traders.
For extra data, please go to: www.med-cf.com
About Cupboard Hedda Ellouze Belajouza
Based in 1986 by Maître Donia Hedda Ellouze, the Agency has developed a worldwide experience, an intensive data and an in depth expertise acquired over greater than 30 years in worldwide enterprise legislation. The Agency advises its shoppers for his or her worldwide transactions and helps them within the administration of their enterprise.
For extra data please go to https://www.cabinetheddaellouze.com/en
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