Tunisia: investment increases for projects costing more than 5 MD

Investments in projects costing more than 5 MDs have increased by 36% From 728 MD in the first five months of 2016 to 990.3 MD in the same period of 2017, according to figures from the Agency for the Promotion of Investment and Innovation (APII) released on Monday, June 19, 2017. These projects will create 8,148 jobs, compared to 5,229 jobs in 2016, up 55.8%. Projects of 5 MD and more which represent only 5.1% of the number of projects reported and 28.5% of the number of jobs, thus total…

Cameroon looks into renewable energy with Tunisia

In Central Africa, the government of Cameroon is expected to sign a partnership with Tunisia for the transfer of technology through a science park, the Borj Cedria Ecopark, in the coming days. The minister of water resources, Basile Atangana Kouna and the Tunisian ambassador to Cameroon, Jalel Snoussi are said to be in negotiations, Cameroon Tribune reported. It is reported that the latter paid a courtesy call to the minister on Friday with Kamel Touati, adviser for foreign African affairs at the Borj Cedria Technopole, to discuss putting in place…

EBRD supports small businesses in Tunisia

The European Bank for Reconstruction and Development (EBRD) is providing a TND 25 million senior unsecured loan to the Compagnie Internationale de Leasing (CIL) for on-lending to local micro, small and medium-sized enterprises (MSMEs) in Tunisia. The funds will help CIL finance MSMEs, which are very important to the Tunisian economy but remain largely underserved. It will also provide long-term funding to a leasing company in a country where liquidity has been an issue since 2011. CIL will use the funds to extend leases to MSMEs for the acquisition of…

Half of pay rise for 2017 to be disbursed in shape of tax credit

Half of the wage increase agreed with the Tunisian General Labour Union (UGTT) will be disbursed starting from late January in the shape of a tax credit, said Director-General for Studies and Tax Legislation at the Finance Ministry Sihem Boughdira Nemsia. Income tax deductions will be lowered to the tune of 50% of the specific and general pay rise scheduled for this year, she Friday told a meeting on 20 17 Finance Law. Tax scale review is one in a string of measures designed, for the first time since 1990,…