Day: March 7, 2024

The Tunisian banking sector can continue to help meet the sovereign’s increasing financing needs in 2024 as healthy deposit growth and weak credit demand support sector liquidity, Fitch Ratings says. The sector’s total exposure to the sovereign should increase slightly as a result after declining in 2023.In the absence of an agreement with the IMF and given the scarcity of other sources of external funding, Tunisia has increasingly relied on the domestic financial sector, and banks in particular, to finance its budget. The 2024 budget envisages a 20% increase in…

The Foreign Investment Promotion Agency (FIPA Tunisia) has announced that Predrag Poposki, Project and Investment Lead of the Swiss group Zühlke Engineering, announced during his meeting on Wednesday, March 6 with Jalel Tebib, Managing Director of FIPA Tunisia, that the group has decided to set up in Tunisia. Founded in 1968 and established in some ten countries and specialising in strategy, innovation and the development of digital solutions and applications, Zühlke Engineering decided to set up in Tunisia for several reasons, including the availability of engineering talent, strategic positioning, proximity…