Day: July 7, 2019

Tunisia commends power-sharing deal in Sudan

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Tunisia commended the agreement reached Friday between Sudan’s Transitional Military Council (TMC) and the opposition Freedom and Change Alliance on establishing transitional authorities to jointly govern the country, a Foreign Ministry statement reads. The Foreign Affairs Ministry underlines the importance of this agreement which constitutes a considerable step forward, in this crucial phase of the history of Sudan. “This deal will be able to preserve the security and stability in this brotherly country and to meet the aspirations of its people in the field of democracy, progress and peace,” said…

Startup act Tunisia: 75 young companies receive their label

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75 young Tunisian companies have been awarded the “young company” label launched as part of the “Startup act Tunisia” project, which is one of the main chapters of the Tunisia 2020 digital strategy, announced Anouer Maarouf, Minister of Communication Technologies and Digital Economy. Speaking on Friday, on the sidelines of the work of the participatory conference on the strategic plan “Digital Tunisia 2025”, the Minister reviewed the results achieved under the “Digital Tunisia 2020” strategy developed in 2013/2014, such as the implementation of messaging management systems between administrations, the integrated…

Tunisia expects grain harvest to reach 2.1mn tonnes

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Tunisia expects its grain harvest to jump to 2.1 million tonnes this year, up from about 1.4 million tonnes in 2018, the agriculture ministry said on Friday. The crop will include 1.1 million tonnes of durum wheat, 118,000 tonnes of soft wheat and 700,000 tonnes of barley. Tunisia devotes most of its fertile irrigated farmland to durum wheat, and imports mainly soft wheat and barley. Regarding the quality of harvested cereals, it is described as good with the progress of harvesting and collection in several regions, the Agriculture and Fisheries…

Tunisia seeks $500 mln in Eurobond to fund budget gap

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Tunisia’s treasury is targeting $500 million through a Eurobond operation, Lotfi Ben Sassi, adviser to the Prime Minister Youssef Chahed, told media. “The banking groups Natixis and Citigroup are entrusted with the arrangement of the $500 million Eurobond operation,” the official said. Monies to be raised will fund the budget deficit, which is estimated at 3.9% of GDP this year against 5% last year. Public debt is 74% of GDP and the government says it needs $2.5 billion in external aid for the FY2019. In October 2018, Tunisia issued a $500 million Eurobond at…