Tunisia's Minister of Energy Transition, Wail Chouchane, met with a delegation from the US Development Finance Corporation (DFC) at the Ministry of Industry, Mines, and Energy. The meeting aimed to enhance economic partnership with the agency and explore available investment opportunities in energy, hydrocarbons, renewable energies, and mining. The DFC delegation included Project Development Manager, Susan Wojc, and Deputy Associate General Counsel, Kate Laniestaine.
The meeting emphasized the importance of supporting international partnerships in strategic sectors. Both parties agreed to continue consultations and coordination to establish new projects and provide favorable conditions for developing economic and investment cooperation. The meeting was attended by several high-ranking officials, including the CEO of the Gafsa Phosphate Company and the General Director of the Mining Office.
The US Development Finance Corporation is the international investment arm of the US government, working to mobilize private capital to promote US foreign policy and economic development. The corporation was established in 2019 and granted expanded powers in 2025. Its goal is to accelerate economic development in US allies and partners.
According to the Ministry's press release, the meeting provided a platform for both parties to discuss ways to strengthen their partnership and explore new investment opportunities. The DFC delegation expressed interest in supporting Tunisia's economic development, particularly in the energy and mining sectors.
The meeting also highlighted the potential for cooperation in the renewable energy sector, which is a key area of focus for Tunisia's energy transition strategy. The country's goal is to increase its share of renewable energy in the energy mix and reduce its dependence on fossil fuels.
The US Development Finance Corporation has a strong track record of supporting economic development in Africa and the Middle East. Its investments have helped to create jobs, stimulate economic growth, and improve living standards in partner countries.
The meeting between Minister Chouchane and the DFC delegation marks a significant step in strengthening Tunisia's economic partnership with the US. It is expected to pave the way for new investment opportunities and enhance cooperation between the two countries in the energy and mining sectors.
Key points
- The US Development Finance Corporation has been granted expanded powers to support economic development in US allies and partners.
- The meeting aimed to enhance economic partnership and explore investment opportunities in energy, hydrocarbons, renewable energies, and mining.
- Tunisia aims to increase its share of renewable energy in the energy mix and reduce its dependence on fossil fuels.
