26 medals for Tunisian olive oil at New York International Olive Oil Competition

Packaged Tunisian olive oil has once again earned international recognition, winning 26 new medals including 12 gold and 14 silver at the New York International Olive Oil Competition (NYIOOC 2024), the Ministry of Industry, Mines and Energy reported on Monday. In addition, Tunisian olive oil won 30 medals at the Scandinavian International Olive Oil Competition (SIOOC) held in Copenhagen, Denmark, taking first place. Greece came second, followed by Spain (3rd) and Italy (4th). Raouf Chouket, President of GIOOC (the leading international extra-virgin olive oil competition), told TAP that the medals…

600 MW Italy-Tunisia power link gets ministerial approval

A 600 MW power interconnector linking Italy and Tunisia is scheduled for completion in 2028 after receiving approval from the Italian energy ministry, the country’s TSO Terna said on Wednesday (MontelNews) Terna and Tunisian counterpart Steg planned to invest EUR 850m in the 220km Elmed link, the first power interconnector between Europe and North Africa, the former added in a statement, MontelNews reports. This infrastructure “will allow Italy, by virtue of its strategic geographic position, to strengthen its role as an electricity hub in Europe and the Mediterranean, becoming an…

Tunisia Investment Forum 2024: European roadshow to attract investors

A promotional roadshow for the 21st edition of the “Tunisia Investment Forum”, scheduled for June 12 and 13, 2024 in Tunis, was launched from May 08 to 15, 2024, with European decision-makers and investors in Munich, Madrid, Brussels, Paris, Lyon and Rome. These meetings, led by the Minister of Economy and Planning, Feriel Ouerghi Sebaï, and the Managing Director of FIPA-Tunisia, Jalel Tebib, aim to present to decision-makers, heads of sectoral organizations, business leaders and investors the various economic reforms and efforts undertaken by Tunisia to further improve the investment…

UTICA hosts Water Expo Tunisia on May 8 and 9

Tunisia is one of the countries most affected by drought and water stress. The water situation in Tunisia is very critical, given that the stock of dams has not exceeded 31%, the lowest level even compared to 2017, the driest year. The International Exhibition of Water Activities and Technologies (Water Expo), organized under the aegis of the Ministry of Agriculture, Hydraulic Resources and Fisheries and in partnership with the Center for Water Research and Technology (CERTE) on May 8 and 9, 2024 at the UTICA headquarters, is an excellent opportunity…

Tunisia Receives $1.2-bn Loan From Islamic Finance Group

The Saudi-based International Islamic Trade Finance Corporation (ITFC) will lend $1.2 billion to debt-ridden Tunisia to help state-owned enterprises import raw materials, the Tunisian Economy Ministry said in a statement on Monday. The loan, repayable over three years, will enable Tunisian state-owned enterprises to help cover the cost of imports such as “crude oil and petroleum products”, the statement said. The loan agreement, which will be repaid over three years, was signed in Riyadh on Sunday by Tunisian Economy Minister Feryel Ouerghi and Hani Salem Sonbol, CEO of ITFC, which…

Qair finances a 10 MW solar project in Tunisia

French independent renewable energy producer Qair has secured debt financing of EUR 7.8 million (USD 8.3 million) to build and operate two solar farms that will add 10 MW to Tunisia’s electricity generation capacity. The financing will be extended by the European Bank for Reconstruction and Development (EBRD), the Paris-based company said on Monday. The new capital will be allocated to the construction of the Feriana photovoltaic power plants in the town of Feriana, in the governorate of Kasserine, in west-central Tunisia, as well as the grid connection infrastructure for…

Tunisia: water stored in dams down 16.9% compared with last three years’ average

Water stored in dams stood at 839.815 million cubic meters (m3) on April 12, down 16.9% on the average for the last three years (1,010.755 million m3), according to a report on the situation of dams published on Saturday by the National Observatory for Agriculture (ONAGRI).The deficit is estimated at 170.940 million m3. At the same date, the filling rate had reached 36.3%, with dams in the north supplying water at a rate of 43.7%. The Bouhertma dam recorded the highest filling rate (64%) with 71.378 million m3, followed by…

New TUI flight from Stansted Airport to Tunisia launched

A new flight route has been announced from Stansted Airport to a tourist hotspot in Africa. TUI has announced it will be running flights to Tunisia from summer 2025 as part of its holiday programme for the year, Essexlive reports. The route will be travelling from the Essex airport to Enfidha in Tunisia in the northern part of Africa next year. TUI said it is aiming to offer people more “choice and flexibility” to customers in the county and the UK. The full TUI programme for summer 2025 includes 14…

Tunisia secures EUR 145 mn in loans from EIB and AfDB for Bizerte bridge project

Tunisia will receive EUR 123 mn from The European Investment Bank (EIB) and EUR 122 mn loan from the African Bank of Development (AfDB) for the construction of the Bizerte bridge project, according to a statement released last week. Construction will take place over 38 months for the bridge and 27 months for its roads and interchanges, according to the statement. The project involves building a 2.07 km, 56-meter-high bridge that should move traffic away from the city center, the statement adds. The project will also support regional economic activity…

Qair Solar Project B: Tunisia Launches Groundbreaking Solar Energy Initiative

Tunisia is embarking on a transformative journey towards renewable energy with the initiation of Project B, a pioneering solar photovoltaic power plant in Feriana town. This ambitious venture, backed by Qair Solar, marks a significant milestone in Tunisia’s efforts to diversify its energy mix and reduce reliance on fossil fuels, Solar Quarter said Project B, financed with EUR 3.9 million from the European Bank for Reconstruction and Development (EBRD), aims to construct and operate a 10MW solar PV plant. The project, categorized as Environmental Category B, signifies a strategic move…