Day: October 17, 2023

Solar car start-up Bako Motors drives sustainable future

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Bako Motors, a pioneering Tunisian-German solar car start-up, is making waves in the sustainable transportation sector with their innovative approach to urban mobility. Founded in 2021, the company has gained international recognition for its eco-friendly solutions, most notably the Bako B1 electric tricycle. Now, on the cusp of a ground-breaking revelation, Bako Motors tells Ventureburn it is gearing up to unveil their second model, set to further revolutionise last-mile delivery and introduce an innovative passenger option. The Bako B1, the company’s first venture into sustainable mobility, has been a game-changer…

Tunisia targets tourism and renewable energies against a backdrop of economic crisis

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Pending approval of a $1.9 billion financing program from the International Monetary Fund (IMF), Tunisia said it hoped to overcome a deepening economic crisis with the help of tourism and renewable energy revenues. A fourth year of drought will reduce economic growth to 1%, against an initial forecast of 1.8%, Economy and Planning Minister Samir Saied told Bloomberg in Marrakech, Morocco, on Saturday. However, the country has managed to control inflation and the current account deficit, he added. “After a series of global crises and shocks that had a considerable…

Tunisia: Over 6 billion TND in tourism receipts for first time

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Tourism receipts exceeded the 6 billion dinars mark for the first time on October 10, 2023, far outperforming their all-time record (in dinars) for the whole of 2019 (5.6 billion dinars). Tourism receipts were up 41.5% on the level recorded on October 10, 2022. In dollar terms, though, tourism receipts recorded up to October 10, 2023, came to $1.94 billion, exceeding the 2019 level but still below the absolute record set for the whole of 2008, which stood at $2.75 billion. The annual average exchange rate of the dollar against…