IFC, a member of the World Bank Group, is providing €10 million in financing to Tunisian date processing company VACPA.

The company, the country’s largest exporter of dates, buys its fruit from close to 1,000 farmers and employs more than 1,700 workers, 80 percent of whom are women. IFC’s investment is delivered in two tranches – €5.5 million as working capital to meet the company’s immediate needs and €4.5 million with which VACPA plans to expand its operations, diversif...