Category: business

Tunisia’s annual inflation rate was unchanged in September at 6.7%, official data showed on Friday. This stability is explained, on the one hand, by the deceleration of the pace of the food price increases (7.3% against 7.4% in August) and, on the other hand, by the acceleration in the pace of alcoholic beverages and tobacco price rises (22.4% against 15.2%) and educational products and services price increased (6.9% against 5.4%).                          The INS said that in September 2019, the consumer prices edged up 0.6% for the second month in a…

The European Investment Bank (EIB) and the Tunisian microfinance institution “Enda Tamweel” signed a loan agreement worth €8.5 million (26 million dinars). “The loan aims to support micro-entrepreneurship and promote financial inclusion among youths, women and clients from underprivileged rural areas,” said EIB in a statement released Monday. “The improvement of access to financing for the micro-entrepreneurs will help boost the growth of micro-enterprises, maintain employment and contribute to the private sector’s growth in the poorest and most vulnerable communities, notably in rural areas,” EIB Vice President Dario Scannapieco said.…

The Tunisian Embassy in London and the Tunisian-British Chamber of Commerce (TBCC) are organizing the “2nd Tunisian-British Trade and Investment Forum” in London on 22 October 2019. The second edition of this Forum, which will become the main annual Tunisian-British economic event, will feature the participation as a guest of honour of Mr Marouane Abassi, Governor of the Central Bank of Tunisia, as well as the presence of British political leaders, and representatives of economic institutions and business circles from Tunisia and the United Kingdom. On this occasion, a TBCC…

Tunisian startup accelerator and early-stage fund Anava Seed Fund will receive an equity investment of $1 million from the International Finance Corporation (IFC), stemming from the World Bank. Half of the money is being provided by the Women Entrepreneurs Finance Initiative (We-Fi), a partnership among governments, multilateral development banks, and other public and private sector stakeholders, hosted by the World Bank Group. We-Fi supports women entrepreneurs in developing countries by building their capacity, scaling up access to financial products and services, and providing links with global markets, menabytes reports. The new…

The International Finance Corporation (IFC) and Tunisia’s Financial Market Council have kicked off a series of consultations to develop guiding principles for a green bond market in the country. This comes after reports surfaced of authorities seeking to introduce environmentally related products into the capital market, venturesafrica reports in an article. Similar to traditional corporate and public treasury bonds, green bonds have an additional social and sustainable feature of allowing the financing of climate change projects with positive social spin-offs. The sustainable finance instrument was introduced some ten years ago. Over the years, trading in…

Tunisia will begin its trade with the Common Market for Eastern and Southern Africa (COMESA) member States by late 2019, Trade Minister Omar Behi said Wednesday at a high-level workshop on the practicalities for Tunisia’s adherence to the COMESA. He noted that a list of products to be exported towards the COMESA is under preparation by a committee gathering the private sector and the different representatives of the concerned Tunisian ministries. This list that includes a variety of agricultural, processed and industrial products will be sent to the COMESA in…

Tunisia is participating in WorldFood Moscow, Russia’s leading food and drink exhibition held on September 24-27. Ten Tunisian companies display their products ed in this fair, with dates, olive oil, pasta, confectionery products, sugar, fresh and frozen fruits and vegetables and canned tuna and sardines. The Tunisian enterprises seek to find potential distributors in Russia, further explore opportunities on offer and put the spotlight on the export potential in the agri-food sector. Over 1,760 Russian and foreign exhibitors are participating and some 50,000 professional visitors from Russia and 98 other…

The 14th edition of the International Exhibition of Agriculture, Agricultural Machinery and Fisheries (SIAMAP 2019) was opened Tuesday at the Kram Exhibition Centre (northern suburb of Tunis) by Premier Youssef Chahed. Some 550 exhibitors are taking part in this edition of SIAMAP with the presence of foreign delegations made up of a number of businessmen from Saudi Arabia, Qatar, Italy and France in order to establish partnerships for investment and trade in the field of agriculture. Scientific workshops (30 meetings) with the aim of developing the agricultural sector are also…

 Huawei launched a forum of Northern Africa Innovation Day co-organised with the government on Monday in Tunis with attendance of over 300 Arab and African officials and specialists. Vice President of Huawei Technologies Co. Ltd, Xue Man said the building of an effective technology system in Tunisia, the Arab region and Africa by working to strengthen the infrastructure, placing emphasis on China’s Huawei’s readiness to “provide all necessary assistance to achieve this goal.” The forum, to which took part a large number of Tunisian, Arab and African officials and many…

Thomas Cook, one of the most well-known brands in the history of the travel industry, has collapsed after a financial rescue failed to materialize, Phocus wire reports. The U.K.- and Germany-listed public company needed a £200 million bailout to secure survival following a previous investment of £900 million in July this year was deemed too small to put it back on firmer ground. It applied for “compulsory liquidation” with immediate effect in the early hours of September 23, putting the company in the hands of external officials to wind down…