3rd Tunisian-Libyan Economic Forum, Sfax 11 March

The Tunisian-African Business Council (TABC) office in Sfax is organizing the Tunisian-Libyan Business Council’s (TLBC) third session of the Tunisian-Libyan Economic Forum at the Palais Royal Hotel in Sfax on 11 March 2021, Libya Herald reports. The forum will be held under the slogan, “The Forum of Hope and Challenge to Build an Integrated Economy”. Among the most prominent goals of the forum, the Tunisian-Libyan Business Council reported, is to restore confidence, clarify the investment climate, develop trade exchange between Tunisia and Libya, reduce the logistical problems arising from the…

8.8% GDP decline in 2020, a first in Tunisia

The Gross Domestic Product (GDP) fell by 8.8% in 2020 compared to 2019, According to figures provided Monday, February 15, 2021 by the National Institute of Statistics (INS)0. The INS indicates that this decline is “unprecedented” for the country. Its growth rate has declined compared to the same period in 2019, by 2.1% in the first quarter of 2020, 21.3% in the second, 5.7% in the third and 6.1% in the fourth. This is after revision of the growth rates already published. In 2019, the country’s GDP grew by 0.9%…

ITFC financing to strengthen Tunisia’s trade efficiencies

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, signed a framework agreement with the Ministry of Economy, Finance and Investment Support, to increase trade flows and build trade capacity. The US$1.5bn agreement is aimed at supporting Tunisian state-owned companies to finance the importation of essential commodities such as energy and industrial products amongst others, as well as to access trade development programmes to drive exports and promote inter-regional trade with other Arab and African countries. The agreement aims to make way for further cooperation…

4800 Tunisian entrepreneurs to benefit from Tashil program

Brieuc Cardon, DG Advans Tunisia said, Monday during an interview with Express FM radio, that Advans Tunisia is a microfinance institution, part of a global group leader in the field, which is present in 9 countries in Africa and Asia. He added that through these countries, the institution already serves nearly one million entrepreneurs and farmers. He explained that Advans has been present in Tunisia since 2015 and has granted 45,000 credits for more than 320 million dinars in total. “We have 16 branches in all governorates of the country,…

ONH Prize for Tunisian Best Extra Virgin Olive Oil: 4 gold medals awarded

Twelve medals including four gold and eight certificates of encouragement were awarded for the four categories of olive oil: Fruity ripe, Fruity light green, Fruity medium green, Fruity intense green were awarded during the fourth edition of the competition the Tunisian Best Extra Virgin Olive Oil competition organised by the National Olive Oil Board (ONH). 71 samples were presented by participants including oil mills, export companies or domains coming from different olive-growing regions of Tunisia. Triomphe Thuccabor with the Chetoui variety of the Ben Ismail reserve in Toukaber region won…

EBRD, Enda Tamweel and Attijari Bank supporting microfinance in Tunisia

Loan of up to TND 20 million to microfinance institution Enda Tamweel Local micro, small and medium-sized enterprises to benefit EBRD risk-sharing framework with Attijari Bank of Tunisia The European Bank for Reconstruction and Development (EBRD) is strengthening access to finance for Tunisian micro, small and medium-sized enterprises (MSMEs). The Bank is providing Attijari Bank of Tunisia with an unfunded risk-sharing guarantee of 50 per cent on a loan to Enda Tamweel, the leading microfinance institution in the country. Under the EBRD’s Risk Sharing Framework (RSF), Attijari Bank of Tunisia is extending a loan of up…

Tunisia to issue debt and push reforms this year, says Finance Minister

Tunisia will issue debt worth up to US$3bn this year and aims to roll over some existing credit arrangements while setting in train wider economic reforms, Finance Minister Ali Kooli told Reuters in an interview. With a deficit estimated at 11.5% of gross domestic product last year and public debt at 90% of GDP, Tunisia plans reforms to cut its high public wage bill and subsidies and restructure poorly performing state-owned companies, Kooli said. The Covid-19 pandemic, political infighting and ongoing protests over inequality have added to the pressure on…

4 Tunisia startups make the first cohort of the BCT sandbox

Credit BCT 4 Tunisian startups have been chosen to take part in the first cohort of the Central Bank sandbox, Tech In Africa reports. The fintech companies chosen are Kraoun, Instaclear, TLedger, and Sqoin & Coinsence. The companies will test and validate their fintech solutions in an effort to have them validated. The test period duration is 9 months, the same said. The candidates provide solutions related to customer identification, cryptocurrency, cross-border clearing, and the creation of digital central money through cutting edge technologies driven by AI and blockchain, Tech…

Tunisia deploys satellite monitoring system for fishing vessels

The Ministry of Agriculture, Water Resources and Fisheries announced the deployment of a satellite surveillance system for fishing vessels over 15 metres in length. This system is based on three complementary components, namely a central computer system at the ministry, 50 central and local control rooms, and terminals ensuring the transmission of data relating to the location and activities of vessels while guaranteeing confidentiality. These terminals will be installed in 874 ships (6.72% of the fleet), the ministry added Friday in a statement. Maritime equipment manufacturers are free to choose…

Tunisia issues fifth 70 MW PV tender

The Ministry of Energy, Mines and Renewable Energies has kicked off a fifth tender to develop and build several solar power plants up to 10 MW in size, pv-magazine reports. Through this tender, the government aims to build six solar power plants with installed power capacities of 10 MW each and 1o smaller solar arrays of 1 MW in size. The deadline to submit project proposals is March 25, 2021. Selected projects will sell electricity to STEG, Tunisia’s state-owned utility, under a long-term power purchase agreement, the same source adds. In its…