Tunisia’s waste management facility coming online this week: Elec’Recyclage Tunisie will launch its waste recycling facility in Tunisia by Friday in a ceremony that will be attended by European Bank for Reconstruction and Development (EBRD) First Vice President Jürgen Rigterink, according to a statement by the bank. The size of the new facility has not been revealed.

What we know about the company: Elec’Recyclage — established in 2008 — collects industrial and non-hazardous waste from over 100 firms operating in the country, and along with waste management and sorting, exports the unneeded refuse to foreign markets where it is repurposed for commercial purposes, according to the EBRD. The company has received a EUR 1.1 mn loan and technical assistance from the EBRD as well as an EU grant of EUR 118k under the bank’s Value Chain Competitiveness Programme for Egypt, Jordan, Morocco, and Tunisia.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

• The Central Bank of the UAE held a meeting with the chiefs of banks operating in the country to outline future banking strategies that prioritize green and climate finance ahead of COP28 and orient the banking industry with the country’s Year of Sustainability agenda. (Wam)