Tunisia joins countries to ratify AfCFTA

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,…

Tunisian central bank keeps key rate unchanged at 6.25%

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…

Libya: Tobruk Parliament Overcomes Disagreements During Tangier Meeting

The consultative meeting of Libya’s House of Representatives, known as the Tobruk Parliament, has led the legislative body to overcome its internal disagreements. The meeting took place in Tangier, northern Morocco, from November 23-28. During the session’s closing ceremony, members of the Libyan House of Representatives made seven pledges that seek to bring the war-torn country closer to overcoming its political crisis. The deputies first agreed that the House of Representatives should be located in Benghazi, Libya’s second-most populous city. The legislative institution has been headquartered in Tobruk, northeastern Libya,…

Rule of law: the imperative need

 Over the last decade, we have witnessed unfortunately all sorts of violence, corruption, smuggling… that weaken the Tunisian State. The desperate ordinary citizen faces the worst every single day with the evidence that exposure to negative news is making people feel bad with all sorts of painful news affecting their daily life. In fact, the confused and wandering citizen lost his temper after finding himself surrounded by tremendous and deep problems under the state’s inability to act effectively to mitigate all kind of source of tensions that destabilize him conspicuously.…

“Ins & Outs of Ecosystem Building” programme for startup ecosystem launched

Smart Capital, the operator of the national “Startup Tunisia” initiative, is launching, in partnership with the Innov’i – EU4Innovation project – funded by the European Union and implemented by Expertise France – the “Ins and Outs of Ecosystem Building” programme. This is a startup ecosystem capacity building programme, which is a component of the national Startup Tunisia initiative to develop and connect the local ecosystem. This 100% online programme was launched as part of Global Entrepreneurship Week, and will be implemented, initially, from November 16 to December 17. It targets…

“Rajaa” purchased by cultural TV channel ARTE

“Rajaa” or “The Return”, by young Tunisian director Charlie Kouka, has been purchased by the cultural TV channel ARTE. Tunisian film star Fares Landoulsi performs the character of Tarek in the “Rajaa” short-film which is the story of a brutal return home and its impact on the life of the 27-year–old Tarek,  who is still struggling with his torments and emotional wandering. The 22-minute short film tells the story of an ongoing self reconstruction. The story of the short film recounts the hard blow and ordeal caused by Tarak’s violent…

Tunisia has lowest production costs for several industries (FIPA)

A report issued by FIPA this month has shown that production costs in information technology, gas for industrial purposes, electric energy, and utilities for the auto industry are lower than in six other countries. The periodical report “Production factor costs in Tunisia,” issued this month by Tunisia’s Foreign Investment Promotion Agency (FiIPA), shows that production costs for information technology, gas for industrial purposes, electricity and auto industry utilities remain lower than in six other nearby countries. The report considers the basic costs of starting a business and of manufacturing in Tunisia…

“No to Demolition”, virtual artistic campaign to safeguard Tunis-based Hotel du Lac

Visual artist Mouna Jemal Siala launched a “No to demolition” virtual awareness campaign against the demolition of the building of the Hotel du Lac in Tunis. In this campaign launched on the Net, artist Mouna and interior decorator Manna Jemal launch a message to raise awareness to save this historic building. This message is translated by images where a topographical inscription in Arabic letters is inlaid, visible and readable on the whole facade of the building. The monumental size of the letters is there to show the importance and scope…

Tunisia, Sudan, and Mauritania join Arab Union for International Exhibitions and Conferences

The Arab Union for International Exhibitions and Conference, AUIEC, operating under the umbrella of the Council of Arab Economic Unity of the Arab League, announced that Tunisia, Sudan, and Mauritania have joined the Union, bringing the total number of member states to 15 countries, Emirates News Agency reports. The step reflects the important role the AUIEC plays as an incubator for the exhibitions and conferences industry in the Arab world. The step embodies the keenness of the Arab countries to strengthen the AUIEC’s status as a joint and integrated economic…

Africa’s renewable energy capacity is set for consecutive years of growth, exceeding 50 GW in 2025

Africa’s installed capacity of renewable energy, which stood at 12.6 gigawatts (GW) in 2019, is set for consecutive years of growth, a Rystad Energy analysis shows. The continent’s capacity is forecast to reach 16.8 GW in 2020, add another 5.5 GW in 2021, and a further climb to 51.2 GW in 2025, led by growth in solar and wind projects in Egypt, Algeria, Tunisia, Morocco and Ethiopia. At present, South Africa leads the continent in terms of installed renewable energy capacity with 3.5 GW of wind, 2.4 GW of utility…