Day: December 1, 2020

One month before the start of trading at the African Continental Free Trade Area (AfCFTA) agreement, Tunisia has formalised its ratification of the agreement. Tunisia submitted its instruments of ratification to the African Union Commission (AUC) which is the depository of the instrument on November 2, according to the Commissioner for Trade Albert Muchanga. This brings the number of countries that have now submitted their instruments of ratification to 32, said Ambassador Muchanga. All eyes are now on 22 countries yet to ratify the treaty. They are Benin, Botswana, Burundi,…

The Central Bank of Tunisia (BCT) kept its key interest rate unchanged at 6.25% on Monday. The bank had cut its key interest rate in October by 50 basis points, aiming to stimulate investment and boost faltering growth, the BCT said adding that It also cut the rate by 100 basis points in March in response to the coronavirus outbreak. The BCT will finance the supplementary budget for 2020 by $1.1 billion by purchasing treasury bonds after an exceptional license from Parliament last week. But the bank said in a…