AfDB Lends €60 Million to Tunisia for Economic Recovery Programme

The African Development Bank, AfDB, Wednesday said it has lent Tunisia €60 million to back Tunisia’s economic recovery plan and social inclusion, AfDB reports The credit line, according to the bank, will support the dynamics of economic recovery by improving the investment climate, preserving employment and promoting social inclusion through new mechanisms to respond to social challenges, exacerbated by the Covid-19 pandemic. It also supports the improvement of the efficiency of social spending by streamlining social assistance programs and adopting a more targeted approach to beneficiary populations. Tunisia is facing…

TUNISIA: IFC supports CHO for an ecological production of olive oil

The International Finance Corporation (IFC), the subsidiary of the World Bank Group in charge of financing the private sector, has just approved a loan of 22 million dollars in favour of the CHO Group. The Tunisian olive oil producer will also be supported in the implementation of eco-responsible olive growing practices. Good news for the CHO Group. The Tunisian olive oil producer has just obtained a loan of 22 million dollars from the International Finance Corporation (IFC), the subsidiary of the World Bank Group responsible for financing the private sector.…

Tunisia: Renewable energy sector poised for growth

RES4Africa Foundation and AFRY says Tunisia could achieve its decentralised renewable energy sector development by opening its market to private investors and improving the energy off-taking conditions by increasing the attractiveness of its self-consumption regime. This is according to a new study examining the barriers to unleashing the development of decentralised routes to market for renewable energy sources in Tunisia. Think tank RES4Africa Foundation and Swiss-Finnish EPC AFRY collaborated on the study within the framework of the Foundation’s strategic programme, RES4MED. That framework sets up a benchmark comparison with other…

Green Climate Fund approves $170.9 million in co-financing for African Development Bank’s Leveraging Energy Access Finance Framework (LEAF) programme

The Board of Directors of the Green Climate Fund (GCF) (www.GreenClimate.Fund) has approved $170.9 million in funding for the African Development Bank’s Leveraging Energy Access Finance Framework (LEAF) programme (www.AfDB.org). LEAF aims to unlock commercial and local currency financing for decentralised renewable energy (DRE) projects in six programme countries: Ghana, Guinea, Ethiopia, Kenya, Nigeria and Tunisia. The Green Climate Fund funding is part of a global budget of $900 million to scale up the deployment of mini-grids, solar home systems and commercial and industrial solar solutions in the programme countries.…

Libya, Tunisia agree to set up a joint transport company

A Libyan-Tunisian forum for transport and services was held in Monastir, Tunisia to discuss support for productive bilateral cooperation between both countries and to gather opinions in order to improve services in the transport sector. According to Tunisian sources, the establishment of a Tunisian-Libyan land transport company was announced with a view to transporting people and goods between both countries with ease. Both sides also agreed to reactivate previous agreements between the two countries in various methods of transport, along with other connected services, such as life and property insurance,…

Tunisian Minister Says he plans to ‘decriminalize’ the buying of Bitcoin

Finance Minister Ali Kooli said Tunisia will soon move to decriminalize the buying of bitcoin. This comes after the recently reported arrest of a 17-year-old crypto user. According to reports, Minister Kooli says he wants to decriminalize the purchase of bitcoin in order to avoid having another Tunisian youth jailed. This by way of running afoul of the country’s unclear cryptocurrency regulation. He said in a recent TV interview. Kooli‘s remarks follow recent Tunisian reports of the arrest of a 17-year-old crypto user by law enforcement. After the teenager’s reported arrest on suspicion…

The Dot, first digital innovation hub in Tunisia

An unprecedented new asset for the success of young Tunisian entrepreneurs is materialized through an an excellent initiative for young companies and innovative Tunisian startups who will find in a  new space, the Dot, a place of exchange, sharing and coworking. Thanks to the various services that will be offered to accelerate the digital transformation of public institutions, the industry sector and civil society, The Dot will contribute to prepare the economy of tomorrow and work towards a paperless administration. For the first time in Tunisia, young entrepreneurs will be…

Oil drilling project in Robbana, onshore Tunisia starts

Drilling activities in the recently acquired “Robbana” concession in onshore Tunisia are set to commence. Zenith Energy Ltd made the announcement and stated that it was in the process of finalising its plans. Early in the second quarter of 2021, Zenith Energy announced that it had acquired the Robbana concession covering an area of 48km2 on the island of Djerba in the Gulf of Gabes. The Company intends to drill the Robbana-3 (ROB-3) well an infill vertical well with a budget of US$1.5 million. “We are delighted to begin our…

Projects to be implemented by Tunisian companies in Libya unveiled

The Tunisian-African Business Council (TABC) unveiled on Wednesday May 26, the list of projects to be carried out in Libya by Tunisian companies. The day after the closure of the Tunisian-Libyan forum, in Tripoli, the TABC reveals that the Minister of Housing and Urban Planning of the Libyan unity government, Aboubaker al-Ghaoui, has given instructions to conclude contracts with Tunisian companies in the housing sector; the first project will be carried out by SNIT housing company and consists in the construction of 800 housing units in Tripoli. It was also…

Tui cancels more June departures (Travel Weekly)

Tui has cancelled another tranche of holidays because of “ongoing uncertainty”, Travel Weekly reports. “Unfortunately we had to cancel all holidays to the following red and amber destinations” up to and including June 13: Aruba, Croatia, Cyprus, Greece – Crete (Chania), Halkidiki, Kefalonia, Preveza, Samos, Santorini, Skiathos, Thassos, Zante – Italy, Jamaica Spain – mainland Spain, Formentera, Mallorca, Ibiza, Menorca, La Palma – and Tanzania”, Travel Weekly quoted Tui. It also said all Tui Lakes & Mountains holidays are cancelled up to and including June 13. Another tranche of holidays…