Caisse des Dépôts et Consignations

What Caisse des Dépôts et Consignations does

Caisse des Dépôts et Consignations (CDC Tunisia) is a state-owned public financial institution established in Tunis on September 13, 2011 by décret-loi 2011-85. It functions as an "investor of general interest," mobilizing long-term capital from CENT deposits (TND 8,768M), legal consignations (TND 1,573M), a state endowment (TND 50M), and market borrowings to deploy financing into sectors and regions underserved by the Tunisian private sector. As of December 31, 2022, CDC reported a total balance sheet of TND 11,923M, shareholders' equity of TND 570M, and net income of TND 62M, operating under prudential management rules with a counter-cyclical, demonstration-effect mandate.

CDC's service portfolio is organized as a stack of programmes rather than a unified product: direct financing (TND 118M deployed in 2022), mezzanine financing through OCAs to 14 beneficiary companies, investments via 6 regional SICARs (23 projects, TND 55.8M partial exit in 2022), and a growing platform layer including the JoussourINVEST digital private equity marketplace, the E-CDC online gateway for suppliers and financing applicants, and named programmes such as GreenTECH (greentech commercialization-stage), WATANI and DiasDEV (diaspora engagement), Fin4Youth+ and FAST (women entrepreneurs), Flywheel (startup support structures, GIZ-funded), SAVE (rescue financing for distressed labeled startups), and RCAP-GA (social and solidarity economy). Target segments span startups, SMEs, women entrepreneurs, diaspora, greentech firms, social economy enterprises, and interior-region businesses.

CDC's go-to-market combines direct-to-applicant engagement (website, E-CDC, roadshows in Bizerte, Kairouan, Sfax, Gabès) with an intermediated channel structure (6 regional SICARs, plus implementation partners Smart Capital, Expertise France, GIZ, CITET, FAO). Major capital and programme partners include the World Bank (€66.9M), KfW (€20M), AFD (€10.5M across ENLIEN and FAST), the EU (GreenTECH via Tunisie Verte et Durable), and GIZ ($2M for Flywheel), with an additional €40.1M in the ANAVA Fund of Funds and TND 191M in subscriptions to 22 local funds. Revenue mechanics are not product-pricing based; CDC operates a fund-management and investment-deployment model funded by institutional deposits, consignations, and donor capital.

Name

Caisse des Dépôts et Consignations

Legal name

Caisse des Dépôts et Consignations

Website

https://cdc.tn

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

Caisse des Dépôts et Consignations (CDC Tunisia) is a state-owned public financial institution that mobilizes long-term capital from CENT deposits, legal consignations, and donor financing to invest in Tunisian startups, SMEs, and underserved regions through programmes like GreenTECH, WATANI, Fin4Youth+, and the JoussourINVEST marketplace.

Ownership category

akta.pro rank

Product category

Development Finance

NAICS

Grantmaking and Giving Services (81321), International Affairs (92812)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Foreign Governments (8888)

akta.pro primary industry

National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)

akta.pro secondary industries

Guarantee, Insurance & Risk Mitigation Facilities (BPADACAK), Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ), Bilateral Development Finance Institutions (DFIs) (BPADACAD)

Keywords

• Development finance
• Public investment
• SME financing
• Green technology funding
• Regional development

Headquarters

HQ city

Tunis

HQ country

Tunisia

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Deposits from Caisse d'Épargne Nationale Tunisienne (CENT): Core deposits from CENT form the primary funding base, managed under prudential rules for long-term investment
2. Legal Consignations: Deposits and consignations ordered by law, justice, or administration held by the treasury general in Tunisia
3. State Endowment: Dotation from the Tunisian state as initial capital and ongoing support
4. Market Borrowings: Loans mobilised from domestic and international financial markets
5. Financial Investment Returns: Returns from investment in Treasury bonds, public and private obligations, and equity participations in sectors with attractive returns

Go-to-market motion1 record

Distribution channels4 records

Marketing channels10 records

Core offering

Caisse des Dépôts et Consignations (CDC Tunisia) is a state-owned public financial institution that mobilizes long-term resources to finance startups, SMEs, and innovative enterprises in sectors and regions insufficiently covered by the Tunisian private sector. It deploys financing through programs such as GreenTECH, WATANI, Fin4Youth+, FAST, Flywheel, and the JoussourINVEST private equity marketplace, supported by an E-CDC digital gateway for stakeholder engagement.

Product overview

Caisse des Dépôts et Consignations (CDC) is a Tunisian public financial institution that operates as an investor of public interest, mobilizing resources for sectors insufficiently covered by the private sector. The institution's portfolio consists of multiple financing programs and initiatives rather than a unified software product. Key offerings include GreenTECH (green financing for greentech startups), the JoussourINVEST digital marketplace (private equity matching platform), and various entrepreneurship support programs (Startups & PME Innovantes, WATANI, Fin4Youth+, FAST, Flywheel). CDC also provides direct financing services, SICAR investments, mezzanine financing, and an E-CDC digital gateway for stakeholder interactions. The organization functions primarily as a development finance institution rather than a technology product company.

Differentiator

Problem solved

Functional benefit

Products and services

• GreenTECH Green financing mechanism targeting commercialization-stage greentech startups and SMEs in renewable energy, sustainable mobility, and waste management sectors.
• JoussourINVEST Marketplace

Quantifiable outcome

• 23 projects invested through 6 regional SICARs with a partial exit of TND 55.8 million in 2022
• +3 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and supporting.

• Smart CapitalcoreStrategic or Co-development PartnerSmart Capital is a key implementation partner for CDC programmes including GreenTECH Tunisia, the Greenov'i initiative, and the Startups and PME Innovantes project. Smart Capital leads the GreenTECH initiative under the EU Tunisia Verte et Durable programme.
• Expertise FrancecoreImplementation/ SI/ Consulting PartnerExpertise France implements the Greenov'i programme (EU-funded) in partnership with CDC Tunisia, the Ministry of Environment, and Ministry of Economy.
• FAO (Food and Agriculture Organization)supportingStrategic or Co-development PartnerFAO and CDC signed a protocol in May 2025 to reduce food waste in urban areas, implementing the 'Zéro Gachi Challenge' hackathon with municipalities of Tunis and La Goulette.
• CITET (Centre International des Technologies de l'Environnement de Tunis)supportingImplementation/ SI/ Consulting PartnerCITET is a partner in the GreenTECH initiative alongside CDC, Expertise France, Ministry of Environment, and Ministry of Economy and Planning.
• Forum des Caisses de DépôtsupportingStrategic or Co-development PartnerInternational network of deposit banks from Europe, Africa, and America that CDC Tunisia participates in, hosting events like the 8th International Conference in Nouakchott.
• Islamic Corporation for the DevelopmentsupportingStrategic or Co-development PartnerICD is listed as a partner of CDC Tunisia, likely for development finance collaboration.
• IPEMED (Institut de Prospective Economique du Monde Méditerranéen)supportingStrategic or Co-development PartnerMediterranean economic foresight institute partnering with CDC Tunisia on economic analysis and strategy.
• Oxford Business GroupsupportingStrategic or Co-development PartnerEconomic research and publishing group listed as CDC partner for economic intelligence and publications.
• APII (Agence de Promotion de l'Industrie et de l'Innovation)supportingStrategic or Co-development PartnerTunisian agency for industry and innovation promotion working with CDC on startup and SME support.
• IGPPP (Instance Générale de Partenariat Public Privé)supportingStrategic or Co-development PartnerGeneral Authority for Public-Private Partnership collaborating with CDC on PPP projects and expertise.

Scale indicators14 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• Caisse des Dépôts et Consignations (France): The original French CDC is a major long-term investor with a deposit-bank structure, social housing finance, and infrastructure investing. Tunisia's CDC is explicitly modeled on this institutional archetype, sharing the 'investor of general interest' mandate and dual public/development finance role.
• IFC (International Finance Corporation): The World Bank Group's private-sector DFI and the largest globally. Operates in MENA with comparable SME, climate, and capital-market development mandates; broader scale and product set but overlapping mission in Tunisia and the wider region.
• EBRD (European Bank for Reconstruction and Development): Multilateral DFI supporting private-sector development across emerging Europe, North Africa, and Central Asia. Active in Tunisia with a comparable SME and green-economy investment mandate at materially larger scale.

Direct peers

• CDC Group (British International Investment): UK's development finance institution providing patient capital to businesses in developing and emerging markets. Operates a near-identical model of concessional and commercial investment into SMEs, infrastructure, and financial inclusion, with a strong counter-cyclical mandate.
• FMO (Dutch Entrepreneurial Development Bank): Dutch DFI investing in private sector projects in developing countries with a strong focus on green finance, financial inclusion, and SMEs. Highly comparable as a European DFI channeling concessional and blended finance into emerging markets.
• DEG (Deutsche Investitions- und Entwicklungsgesellschaft): German DFI providing long-term financing to private enterprises in emerging markets, with a portfolio emphasis on infrastructure, greentech, and SME finance. Comparable mandate and counter-cyclical role, and importantly partners with CDC Tunisia (KfW is DEG's parent).
• Proparco: AFD's private-sector financing arm focused on developing countries. Directly comparable as a blended-finance DFI in francophone Africa; AFD is itself a CDC Tunisia funding partner, making Proparco a near-adjacent peer in the same ecosystem.
• ICD (Islamic Corporation for the Development of the Private Sector): Multilateral DFI member of the Islamic Development Bank Group, focused on private-sector development in OIC member countries including Tunisia. Already a listed partner of CDC Tunisia; comparable Sharia-compatible SME and infrastructure financing mandate.

Regional players

• African Development Bank (AfDB): Continental DFI headquartered in Abidjan with active North Africa operations, including Tunisia. Comparable mission in financing infrastructure, SME development, and green transition across the African continent.

Others

• Banque de l'Habitat (Tunisia): Major Tunisian state-controlled financial institution participating in housing and infrastructure finance. Adjacent domestic peer reflecting Tunisia's broader state-owned financial ecosystem in which CDC operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CDC_TN
• Facebookfacebook.com/CDC.TN
• LinkedInlinkedin.com/company/cdctn

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Caisse des Dépôts et Consignations