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Ladies’s World Banking Capital Companions sells its stake in Enda Tamweel to Maghrebia Vie

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 world community of inclusive monetary service suppliers for many years, and in 2018 WWBCP, Ladies’s World Banking’s first gender-lens funding fund, turned a shareholder in Enda Tamweel, contributing to its improbable development path and to monetary inclusion of ladies and excluded populations.

The sale to Maghrebia Vie attests to the attractiveness of Enda Tamweel specifically and of the microfinance sector in Tunisia typically, 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 impression for Tunisia’s financially underserved individuals, 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 outstanding teams in Tunisia, who will assist Enda present much more services and products to its purchasers. We wish to thank all of the events for his or her work and dedication, and we hope that that is just the start of an ongoing collaboration between all our organizations in service of ladies’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 properly, as one among our Enda Tamweel’s shareholders. Will probably 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 purchasers, broaden gender range inside their workers and administration groups, and make the most of modern options to reinforce buyer attain and engagement.

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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, providers 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 International Compact since 2009.

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About Maghrebia

Maghrebia, a part of UFI Group, was based in 1973 and gathers firms centered on strategic areas of P&C and life insurance coverage, finance, actual property and providers.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’ International Compact SDGs.Maghrebia is repeatedly growing with the imaginative and prescient of being the market’s main insurance coverage group, as evidenced by its current itemizing on the Tunis Inventory Trade market.

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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 the energetic assist it offers to micro-entrepreneurship and self-employment. Relying its improvement on proximity, Enda Tamweel operates by a community of 103 companies masking all Tunisian governorates and 5 cell branches serving primarily distant areas.

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About MCF

Based in 2014, MCF is an impartial company finance and funding advisory agency centered on growing economies and international locations with sturdy development potential inside the Center East and Africa area. Its deep information of the area and its established fame made it grow to be a reference participant, offering skilled and impartial advisory providers on numerous strategic and monetary topics, and benefiting from the assist and confidence of regional and worldwide purchasers and traders.

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About Cupboard Hedda Ellouze Belajouza

Based in 1986 by Maître Donia Hedda Ellouze, the Agency has developed a worldwide experience, an intensive information and an in depth expertise acquired over greater than 30 years in worldwide enterprise legislation. The Agency advises its purchasers for his or her worldwide transactions and helps them within the administration of their enterprise.

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