Month: August 2019

Efacec is reinforcing its presence in the Tunisian market with a project that includes the construction and ampliation of 25 electric substations, six of which are new. This set of substations, in the scope of the contract signed with STEG (Société Tunisienne de l’Electricité et du Gaz), is part of the Tunisian Electric Power Transmission Network, Efacec reports on its website. In the scope of this project, 10 substations have already been commissioned, two of which are brand new. The latest one, a 150/33 kV substation, was inaugurated in June…

The inflation rate has fallen to 6.5% in July 2019 from 6.8% in June and 7% in May 2019, according to data released by the National Institute of Statistics (INS) on Monday. The INS reported that food prices rose 6.5% in July 2019, as egg prices went up by 16.2%, fresh vegetables by 12%, milk by 9% and meat by 7.6%. Excluding fresh produce, food prices rose 5.9% year-on-year. The decrease is partly due to the dissipation of the year-on-year effect of the July 2018 price increases for transportation services…

Minister of Agriculture Samir Taeib participates in the conference for Leadership Dialogue on Food Security in Africa on 5-6 August in the Rwandan capital, Kigali, a statement issued Monday by the Ministry of Agriculture, Hydraulic Resources and Fishery said. The high-level meeting is co-organised by the Government of Rwanda, the African Union Commission, the World Bank Group, the African Development Bank (AfDB), the Food and Agriculture Organisation of the United Nations (FAO) and the International Fund for Agricultural Development (IFAD). More than 200 experts from Africa and representatives of international…

The UN Economic Commission for Africa (ECA) on Friday called on the Tunisian government and the business community to ratify the African Continental Free Trade Area (AfCFTA) so as to exploit its economic potentials. Tunisia is one of the AfCFTA signatory AU member countries that are yet to ratify the agreement, the ECA in a statement issued on Friday stressed that “in order to better seize its potential, Tunisia will need to ratify the agreement soon, and bring national regulations in line with AfCFTA requirements.” According to the ECA, among…

The trade balance fell over the year 2018, reaching a (FOB/CIF) deficit which stands at 3,457 MTD i.e 22.2%, with 19 billion dinars and 17.9% of Gross Domestic Product, giving a record that has never been reached before, the Central Bank of Tunisia (BCT)revealed in its 2018 Report. The widening is mainly the results of imports’ rise at a pace exceeding one of the exports (+20% and +19.1% respectively). The rate of coverage dropped, by 0.5 percentage point, coming to 68.3%. As regards geographical breakdown, Tunisia’s overall trade deficit stems…