Day: February 21, 2017

Groupe Avril Launches 100% Tunisian Rapeseed Oil Project

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Groupe Avril and the Tunisian government have formally unveiled their joint plan, which will see the production of 100% Tunisian rapeseed oil. The product will be marketed under the Avril brand Lesieur, which supplies supermarkets with table oils and condiments. The project ‘allows Tunisia, a major consumer of vegetable oils, to start the production on its soil of rapeseed oil at a time when the demand of Tunisian consumers for this oil recognized for its nutritional benefits is growing,’ according to the French firm. Another Avril subsidiary, Cristal Tunisie, will…

Emergency Tunisia summit aims to organise Serraj-Haftar meeting

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At the end of two days of talks on Libya, Tunisia, Egypt and Algeria have unveiled a fresh initiative to further political reconciliation in the country, but say any solution must be based on the December 2015 Skhirat agreement. The move follows the failure of Egyptian-hosted attempts at a meeting between Presidency Council head Faiez Serraj and the eastern military supremo Khalifa Hafter. The three countries hope to organise a successful meeting between the pair. The ‘Tunis Declaration’, signed by Egyptian foreign minister Sameh Shoukry, Algerian Minister for Maghreb, African…

Cameroon looks into renewable energy with Tunisia

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In Central Africa, the government of Cameroon is expected to sign a partnership with Tunisia for the transfer of technology through a science park, the Borj Cedria Ecopark, in the coming days. The minister of water resources, Basile Atangana Kouna and the Tunisian ambassador to Cameroon, Jalel Snoussi are said to be in negotiations, Cameroon Tribune reported. It is reported that the latter paid a courtesy call to the minister on Friday with Kamel Touati, adviser for foreign African affairs at the Borj Cedria Technopole, to discuss putting in place…

Tunisia: Foreign direct investments slump 9.4% in 2016 to $941M

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Foreign direct investment in Tunisia stood at 2.14 billion dinar ($914 million) in 2016, down 9.4% as compared to 2015. This was revealed by a review released on February 16 by the Foreign Investment Promotion Agency (FIPA). The power sector grabbed the largest part of the FDIs, knowingly 960.3 million dinars. Next come the industry (794.5 million dinar), services (281.7 million dinar) and agriculture sectors (20.8 million dinar). Let’s recall that some States, private investors and multilateral financial institutions committed to inject 34 billion dinars ($14.8 billion) in Tunisia’s economy…