Fuba Tunisia to receive investment from IFC

Circuit World

ISSN: 0305-6120

Article publication date: 22 August 2008



(2008), "Fuba Tunisia to receive investment from IFC", Circuit World, Vol. 34 No. 3. https://doi.org/10.1108/cw.2008.21734cab.008



Emerald Group Publishing Limited

Copyright © 2008, Emerald Group Publishing Limited

Fuba Tunisia to receive investment from IFC

Article Type: Industry news From: Circuit World, Volume 34, Issue 3

IFC, a member of the World Bank Group has started to cooperate with PCB manufacturer Fuba in Tunisia. The investment will contribute to the growth and development of an export-oriented Tunisian high-technology company.

As part of the investment, IFC will acquire 19 per cent of the company’s stock. This will be IFC’s first investment in the Tunisian manufacturing sector in more than 10 years.

Slim Sellami, Fuba’s CEO, said, “We are grateful for IFC’s support. It shows trust in our ambitious growth strategy.” Moncef Sellami, Fuba’s Chairman, added, “With a global partner such as IFC, Fuba’s development will most likely have a positive impact on many other investment projects in Tunisia.”

“IFC’s partnership with Fuba will have a strong impact in the country by enhancing the technological competitiveness of a key Tunisian export player, creating job opportunities for university graduates and improving environmental and social standards as well as corporate governance,” said Dimitris Tsitsiragos, IFC Director for Global Manufacturing and Services.

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