Month: July 2020

A new project of German cooperation with Tunisia is helping the Tunisian partners to further develop vocational training in the textile, plastics and hotel sectors, which is more practice-oriented through cooperation with enterprises, thus improving the employability of graduates.  The new project “Inter-company Training in Cooperation with the Private Sector” (FIESP), together with its Tunisian partners, organized a three-day Planning Workshop to promote its commitment and concrete measures to develop inter-company vocational training in Tunisia, a GIZ press statement reads. “Vocational training is an important element in our efforts to…

Climate Fund Managers (CFM) and UPC Renewables (UPC) will develop a 30MW Sidi Mansour wind farm in Tunisia. The project will be one of the first wind independent power producers (IPP) in the country. Climate Fund Mangers is participating as co-developer, sponsor, financial advisor and E&S advisor to the project, through the development and construction financing facility under its management, Climate Investor One (CI1).  UPC will lead the development of the project with its local team that will lead land securitisation, permitting, grid connection, wind resource assessment and engineering and procurement contracts. “We can start…

The law on crowdfunding was passed by the House of People’s Representatives. The new law will pave the way for new forms of financing that were previously inaccessible. Entrepreneurs, civil society actors and private individuals will be able to raise funds from the public through online platforms. The law on crowdfunding completes a series of new laws aimed at improving the business environment in Tunisia:  the law on social and solidarity entrepreneurship, the decree-law on self-entrepreneurship, and the Startup Act. TunisianMonitorOnline

Tunisia will host the 8th Tokyo International Conference on African Development (TICAD) to be held in 2022, announced Japan government on Thursday, July 16, 2020. Tunisia and the TICAD Co-organisers, UNOSAA, UNDP, African Union Commission (AUC), World Bank and the Government of Japan jointly express their strong commitment to the TICAD process towards building a prosperous and peaceful future for all the people of Africa.  The TICAD Co-organizers officially decided that the 8th meeting of the Tokyo International Conference on African Development (TICAD 8) to be held in 2022 will be hosted by the Republic of Tunisia. This will be the second TICAD Summit-level meeting to take place in Africa since Kenya hosted TICAD 6 in Nairobi in August 2016. Africa is the continent with the unlimited potentials of economic, social and human…

At a plenary session held this afternoon at the House of People’s Representatives (HPR), the deputies adopted the draft organic law relating to the founding convention of the African Continental Free Trade Area (AfCFTA) In detail, 152 people voted in favour of the proposed text, with no abstentions and no votes against. Tunisia thus joins the 30 countries that have already ratified the founding convention of the largest free trade area in Africa. This draft was rejected by MPs at a plenary session held on 5 March 2020. If it…

The French renewable energy company Qair International is moving ahead with its planned floating solar power plant in Tunisia with 200 kW capacity. It has secured a partnership agreement with the Tunisian electricity and gas company (STEG). As per Qair’s website, it won this project in November 2019 from the French Ministry for Trade and Finance under a call launched for Innovative Solutions for Sustainable Cities in Africa. Back then, the French company said this 200 kW floating solar power station will enable large scale deployment of this technology in…

Tunisia has undertaken to negotiate a rescheduling of its debt with several international creditors. The measure is aimed at easing the pressure on the Maghreb country’s economy. According to Investment Minister Slim Azzabi (pictured), negotiations are being conducted with Saudi Arabia, Qatar, France, and Italy, four of Tunisia’s main partners. The authorities are hoping that these countries will agree to extend the deadline for repaying their debts in a pandemic context when the economy is still struggling to recover from a crisis that has been going on for several years.…