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Tunisia Aquaculture Fund

Tunisia Aquaculture Fund

Location : Tunisia

Sector : Animal Production Sector

Sub-Sector : Meat production

Establishment:

2016.

Location:

Tunis.

Shareholders:

Subscribed capital is TND 50 Million and shareholders are:

Shareholders

Contribution percentage

AAAID

15%

STB Bank

10%
Deposit and Guarantee Fund 20%
Assurance Maghrebia 05%
Unsubscribed shares 50%

Main Activities:

  • Investing in a portfolio that contain about 15 projects with an average of TND 3 Million (USD 1.5 Million) by holding shares in small and medium-sized enterprises engaged in aquaculture (feed production, larva production, fish breeding and marketing) and mainly targeting Tunisia ,other Middle East and North Africa (MENA) region. 

The Fund Feasibility Study:

The total investment cost of the projects in which the fund is investing is about TND 98.5 Million (USD 49.25 Million) and its contribution in projects  is estimated to be at TND 43.45 Million (USD 21.7 Million).

Financial Indicators:

- IRR 15%.
- Principal plus interest 9% per year.
- Distribute 80% of remaining balance after pay annual interest.

Investment Opportunities:

Contribute in the fund’s capital.