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…

IMF urges Tunisia reform plan, social support

The International Monetary Fund on Saturday encouraged Tunisia to establish a reform plan and bolster social support, as the virus-hit country struggles to balance its budget. “Tunisia faces two immediate challenges: saving lives and livelihoods until the pandemic wanes, and starting to bring economic imbalances back to a sustainable trajectory,” an IMF team said in a statement. The statement was released after virtual consultations with Tunisian authorities in late December and earlier this month. “A broad-based and credible reform plan backed by Tunisian society and international development partners is critical…

2 Tunisian tech startups secure investment from new seed fund

Two Tunisian tech startups have secured investment from the newly-launched Maxula Seed Fund, which aims to support innovative, early-stage Tunisian startups with high growth potential across a range of impactful sectors, Disrupt Africa reports. Created by asset management company Maxula Gestion, the fund has raised capital from insurance company MAE and the Arab Tunisian Bank (ATB), and wants to back companies with innovation at the heart of their business models. “The Maxula Seed Fund was created by Maxula Gestion as part of a synergy with our portfolio of investments. Our objective…

Tunisia and Libya discuss oil sector cooperation

Credit goes to NOC Facebook page Tunisian ambassador to Libya, Lasaad Lajili, met with Chairman of the Board of Directors of the Libyan National Oil Corporation (NOC), Eng. Mustafa Abdallah Sanalla. The meeting was an opportunity to discuss means to strength the two countries’ cooperation in the oil sector. The Tunisian ambassador visited the NOC headquarters at Tripoli, at the invitation of the Corporation’s Head, read a statement issued by the NOC on Wednesday, January 20, 2021. The two official discussed ways of strengthening bilateral cooperation between the NOC and…

Tunisian Exporters See Opportunities Abroad

Tunisian olive oil companies will export at least 70,000 tons of bottled product every year starting in 2025.  This is the rosy forecast of the country’s exporters, who sent 27,000 tons of packaged olive oil abroad in 2020, Olive Oil Times reports. According to the president of the Tunisian Chamber of olive oil exporters, Chihab Ben Slama, local producers are poised to benefit from the growing worldwide demand. “In the last three decades, consumption of olive oil in the world has doubled and it tripled in non-producing countries, as it happened in China…

Tunisia to join Horizon Europe programme: negotiations are under way

An online technical meeting to include Tunisia into the EU R&D Framework Programme “Horizon Europe” took place on 12 January. The meeting brought together the Tunisian Negotiations Monitoring Committee and the European Commission team in charge of Horizon Europe Association, EU NEIGHBOURS reports. On the agenda of this second meeting which followed a first one already organized in November 2020: the technical and financial aspects of the association process; the calendar of the official rounds of negotiations; the time required for the effective entry into force of the association, the…

Tunisia celebrates Revolution’s 10th anniversary in lockdown

Tunisia on Thursday commemorated the 10th anniversary of the 2011 Revolution, a popular uprising that marked the Arab Spring. Due to lockdown for four days starting Thursday to contain the COVID-19 pandemic, the demonstrations are banned, there were no festive celebrations marking the revolution. Avenue Bourguiba, the main artery in the capital city of Tunis, which became a center of the uprising, was deserted. In past years, demonstrators have rallied to recall the momentous events that sparked the wider Arab Spring revolts and to push for more change, but this…

Kuwait is a prominent model for charitable and humanitarian action says Tunisian Ambassador to Kuwait

Credit Goes to KUNA Tunisian Ambassador to Kuwait Hechmi Agili said that the state of Kuwait is a distinguished model for charitable humanitarian action underlining its firm position to answer the call of humanitarian duty by providing generous and permanent assistance to all the peoples. In a statement to Kuwait News Agency (KUNA) on Wednesday, after his meeting with Kuwait Red Crescent Society (KRCS) Chairman Hilal Al-Sayer, Ambassador Agili expressed his gratitude for the association’s role in bringing relief to people affected by natural and man-made disasters. He commended the…