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…

“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…

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…

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…

Improved raspberry varieties for Moroccan and Tunisian producers

Global Plant Genetics has announced that it recently extended its raspberry representation contract with James Hutton Ltd. This means that the company is now able to exclusively offer three new raspberry varieties to growers based in Morocco and Tunisia, Fresh Plaza reports. These include the two primocane varieties Skye and Lewis as well as the low-chill floricane type Glen Mor. Jamie Petchell, co-owner of the company stated, ”We are looking forward to moving these genetics into north Africa. Both Morocco and Tunisia have excellent environments for the production of raspberries…

VERMEG launches Colline.Cloud to help small and medium sized firms meet new Uncleared Margin Rules (UMR) deadline

12-month delay in the implementation of final phases of the global regulations for UMR gives smaller buy and sell-side firms a critical window in which to find strategic solutions to avoid non-compliance with the regulations Colline.Cloud provides a cloud-based platform to meet UMR guidelines and is automated and adaptable, with rapid onboarding VERMEG, the leading banking and insurance software solutions provider, has today launched Colline.Cloud, a highly cost-efficient end-to-end collateral management service, aimed at smaller buy and sell-side firms. The launch comes as the global regulations for uncleared derivatives (UMR)…

Tunisian fruit and vegetables to resume feed Libyan markets

The border post between Tunisia and Libya reopened last Saturday to let vehicles and pedestrians pass through since its closure in mid-March due to the pandemic. Besides, flights between the two countries resumed on Sunday that aired a breath of fresh air for Tunisia hit hard by a serious economic crisis. The lifting of the barriers in Ras Jedir will allow Tunisian fruit and vegetables to once again feed the stalls of Libyan markets which is considered a vital outlet for agricultural producers. Trade between the two countries, which was…

Elevid successfully launches video correspondence platform

www.elevid.net is the first online platform for professional video-based matchmaking, connecting startups and investors, as well as employers and job seekers, around the world. Founders of Elevid Hedi Samari and Sabine Bastisch presented this concept in a video broadcast in their Elevid Facebook page. Presenting Elevid, Founder and CEO Hedi Samari said ”launched in September 2020, Elevid is the first platform professional matchmaking based on video pitches. It connects users via a one-minute video pitch. The name is a combination of: elevator pitch” an English term that describes a short…

Mobile application improves demolition waste collection in Tunisia

The Ministry of the Environment plans to launch a downloadable application on smartphones to report the anarchic dumping of demolition waste in Tunisia. In 2017, there were more than 290 demolition waste dumps throughout the country. The RE-MED project was launched last October and piloted by Cerema (Centre for studies and expertise on risks, environment, mobility and development). This project covers four Mediterranean countries, namely France, Italy, Tunisia and Lebanon. The RE-MED project will experiment with technologies to transform construction and demolition waste into a resource for building and maintaining…