DEG finances toy company Steiff’s African production facility to safeguard jobs during the pandemic

TUNISIA – DEG, a German development finance institution, is providing German toy company Steiff’s African production facility with financing via the AfricaConnect programme, using funds from the Federal Ministry for Economic Cooperation and Development. This loan will help to strengthen an important employer in a less industrially developed region of Tunisia, thereby safeguarding jobs throughout the pandemic. Steiff employs some 800 people in its factory in Sidi Bouzid. Steiff, which is known for its soft toy animals and high-quality children’s clothing, has its headquarters in the town of Giengen in…

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