Libyan Business Council and Libyan-Tunisian Economic Cooperation Council sign cooperation agreement

Head of the Libyan Business Council (LBC) eastern branch, Fawzia Furjani, and Head of the Libyan-Tunisian Economic Cooperation Council, Saber Bougera, signed an agreement last Thursday at the LBC’s Benghazi branch, Libya Herald reports. The ten-point agreement covered: Benefiting from human expertise to support economic cooperation between the two countries. Holding meetings and exchanging economic work visit. Encouraging joint investment. Developing commercial exchanges and facilitating the movement and residence of business owners and the movement of materials, goods and production components. Support the economy of the two countries and the…

Enactus Tunisia Race powered by Tunisie Telecom under the theme “Tech4COVID

Tunisie Telecom is supporting for the second consecutive year the annual technology competition launched by Enactus Tunisia. Under the theme ”Tech4COVID”, this prestigious competition is dedicated this year to young idea holders and entrepreneurs who want to develop or implement innovative and technological projects to meet the major challenges facing the world today. The proposed solutions should have positive economic, social and environmental impacts and responses to the problems linked to the Covid-19 pandemic. Through this partnership action, Tunisie Telecom reaffirms its commitment to support national efforts to combat the…

Tunisia’s Junior Robotics Lab scaling cloud-based learning platform across borders

Having started life as a simple robotics club, Tunisian ed-tech startup Junior Robotics Lab now has resellers in various African and European markets, and is targeting further growth. Born in 2017 as an organiser of robotics clubs, with kids starting from the age of eight and learn how to design, code, and build robots, Junior Robotics Lab has gradually transitioned into the ed-tech space and was officially announced as a startup in January 2020, Disrupt Africa reports. These days, the startup is a cloud-based platform that helps schools to teach robotics and…

Natural and organic cosmetics are booming in Tunisia

Tunisia is witnessing significant growth of the natural cosmetics sector and its role in socio-economic development. Over 1,000 hectares are dedicated to the cultivation of medicinal and aromatic plants. There are 187 non-toxic aromatic and medicinal plant species, of which 80 are grown intensively. The country is currently the world’s leading exporter of neroli and the second largest exporter of rosemary oil. Exports of prickly pear seed oil also recorded a clear upward trend during 2020, despite the global economic crisis. To enhance knowledge sharing and strengthen market access for…

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…