Reducing fiscal deficit, strengthening international reserves (IMF Mission to Tunisia)

“Staying the course on reducing the fiscal deficit, strengthening international reserves, maintaining tight monetary policy, and gradually phasing out inequitable energy subsidies while shielding vulnerable households is critical to maintain economic stability and support the political transition process amid elevated macroeconomic vulnerabilities,” said an International Monetary Fund (IMF) staff team led by Björn Rother at the end of a review mission to Tunisia on March 27- April 9. This mission is intended to discuss Tunisia’s economic reform programme and policy plans for the Fifth Review supported by the IMF Extended…

First edition of IndabaX Tunisia to take place Saturday, April 13 at Sup’Com

The first edition of IndabaX Tunisia is due to be held next Saturday, April 13 at Higher School of Communications of Tunis (SUP’COM) . The event provides an opportunity for the Tunisian Artificial Intelligence (AI) community to meet, discover the most recent advances in the field and exchange ideas. InstaDeep and IEEE SUP’COM announce in a statement the arrival of the Africa-spanning Deep Learning event initiative ‘IndabaX’ to Tunis. By bringing the event to Tunisia, the company and the student branch aim to place Tunisia among the leading African countries…

International NGOs denounce capturing nine giant devil rays off Kelibia

Nine Giant Devil Ray (Mobula mobular), listed as endangered fish species since 2006 with a declining population, have been captured and sold this weekend at the Kelibia fishing port in Tunisia, the World Wildlife Fund (WWF) said. The WWF denounced this fishing operation in a joint press release issued on Tuesday with 13 other international organisations. “Although it is possible that these animals were caught accidentally, it is required that fishermen release them alive. In the reported case, the individuals were captured with purse seine a fishing method that allows…

Foreign Minister seeks support for Tunisia’s candidacy to Security Council Seat

Foreign Minister Khemaies Jhinaoui who is on a working visit in New York seized the opportunity of meetings with Arab ambassador to the United Nations to lobby for his country’s candidacy to the Security Council. “Tunisia aspires to become a non-permanent member of the UN Security Council for the 2020-2021 term,” he noted, reaffirming Tunisia’s determination to serve Arab, African and international issues and to boost its relations with its partners to prevent conflicts, TAP reported. Arab ambassadors based in New York expressed support to Tunisia’s application for a non-permanent…

Huawei meets BCE to discuss ICT talent development

Huawei and Tunisia have agreed to strengthen cooperation on ICT talent cultivation, digital economy development and public safety. Vice president for Huawei public relations Xue Man met President Beji Essebsi to exchange views on how to better promote the digital transformation of Tunisian industry. Essebsi hailed Huawei for its continued contributions in Tunisia for the past 20 years and welcomed more investments from Huawei in Tunisia, telecompaper reports. Tunisia aims to promote social and economic development and employment through ICT development and is also committed to building up the country…

Startup Act: 12 companies obtain Startup label

One year after the entry into force of the Startup Act, a ceremony was held fridayto deliver the Startup label to a first wave of emerging companies. Meeting this morning in Dar Dhiafa in Carthage, the College of Startups decided to grant the label to 11 companies operating in various sectors. Theyare : Enova Robotics Datavora Ezzayra Be Wireless Solutions Medilsys Roam Smart Polysmart Vitalight Lab NextGen, Corp. Nostatik Media Dabchy PayPOS TunisianMonitorOnline

Tunisia’s Truth and Dignity Commission Outlines Decades of Abuse

Tunisia’s Truth and Dignity Commission made public, on March 26, 2019, its five-volume report analyzing and exposing the institutional networks that enabled human rights abuses over five decades, Human Rights Watch said. The commission outlined the role of former presidents and other top officials in the torture, arbitrary detention, and numerous other abuses of thousands of Tunisians. The commission documented abuses not only against political opponents but against their families, including sexual assaults of the wives and daughters of opposition members. “The real test of Tunisia’s willingness to confront its…

Tunis International Book Fair opens

The 35th edition of the Tunis International Book Fair opened Friday and will run till next April 15. The official opening was attended by Prime Minister Youssef Chahed and Minister of Cultural Affairs Mohamed Zine El Abidine. The Prime Minister seized this opportunity to call on Tunisians to come in large numbers to this annual meeting of the faithful and friends of the book and encourage writers and publishers. He visited a number of stands including those of the Ministry of National Defence, the Ministry of Cultural Affairs and the…

Tunisia endeavours to implement digital blockchain

Tunisia has become the first state to endeavour in implementing a blockchain-based distributed-ledger digital currency in a global drive of developed and developing economies to migrate toward cashless economies, says Walid Driss, the Tunis-based founder and chief executive of DigitUS Tech. Driss, a US-educated Tunisian engineer, has already instituted a blockchain-based digital payment system called DigiCash with La Poste Tunisienne, Tunisia’s postal service, and is working with the Central Bank of Tunisia (BCT), and the BCT governor Marouane El Abassi to explore and study the launch of a national digital…

Tunisia’s BCT doubles net income in 2018

The Central Bank of Tunisia (BCT) has doubled its net profit at the end of 2018, to over 881.3 million dinars (MD), against 385.8 MD at the end of 2017. According to the Bank’s financial statements, posted on its website on Thursday, the BCT realized proceeds of 1.246 billion dinars, mainly from “Income from Money Market Intervention Transactions”(more than 1 billion dinars in 2018, against 474 MD in 2017). These products concern, in particular, interest earned on its interventions through tenders, but also firm purchases of treasury bills, in the…