Tunisia reaches an agreement with IMF on fifth review of loan

The International Monetary Fund (IMF) said on Wednesday it had reached a staff-level agreement with Tunisia on the fifth review of a loan. The agreement will allow Tunisia to benefit from a disbursement of $247 million following the Executive Board’s review that is expected to take place by early June this year. Tunisia concluded a deal with the IMF in December 2016 for a loan program worth around $2.8 billion to overhaul its ailing economy. It included steps to cut chronic deficits and heal public services. “This will bring total…

Tunisia to issue sovereign bonds in Bitcoin, bright future ahead

Tunisia is planning to issue sovereign bonds in bitcoin to fund infrastructural developments, reported Asia Times from IMF’s Springs Meetings summit. Marouane El Abassi, Governor of the Central Bank of Tunisia told the meeting delegates that his country was looking to launching a sovereign bitcoin bond. The former World Bank official said the bitcoin and blockchain offered central banks an efficient tool to curb money laundering, terrorist financing, simplify remittance, and drain grey economies. TunisianMonitorOnline

Tunisian startup Vneuron opens branch in Cameroon

Tunisian digital transformer Vneuron officially opens a branch in Douala, the economic capital of Cameroon, Business in Cameroon website reports. Key activities targeted by the company in Cameroon include IT services for export; commercial, financial, industrial, movable property or real property operations, an so on. Vneuron is an actor in the software world for compliance, workflow and content management. The Tunisian company is financed by AfricInvest. The leader of private equity dedicated to Africa and more particularly to Sub-Saharan Africa assists in its strategy to switch from an integrator model…

Tunisia world’s leading country in terms of organic groves

Tunisia is number 1 in terms of organic olive-growing areas and is the pioneer in Africa in organic products. Being the leading exporter of organic products in Africa and the leading exporter of dates in the world, Tunisia is the champion in terms of surface area, with 306,000 hectares devoted to organic agriculture. Minister of Agriculture Samir taïb said, during a debate on the theme ” organic market in Switzerland and Europe and the Tunisian potential”, held in Tunis, that Tunisia is the first African and Arab country to have…

Ministry of Industry gives its agreement in principle to 10 solar energy projects

The Ministry of Industry and Small-and medium-sized Enterprise (SMEs) gave its agreement in principle to 10 private projects for the production of electricity from solar energy, TAP reports on Monday. These projects, which will be launched by Tunisian investors, will have a production capacity of 10 megawatts (1 megawatt per project). The overall cost of the investment is estimated at 30 million dinars (MD), the same source added. The launch of these projects is part of the Action Plan for the acceleration of renewable energy projects in Tunisia, launched by…

«Bio -Expo 2019» exhibition of organic products from April 25 to 27

The 10th edition of the International exhibition for Organic  Agriculture and Food Products «Bio -Expo 2019» will be held from April 25 to 27, 2019 in the headquarters of the Tunisian Confederation of Industry, Trade and Handicrafts (UTICA) in Tunis. «IFE» the organizing company will provide the opportunity for the professionals and actors in the sector of agriculture, health, tourism and beauty to display their products, exchange experiences and expertise and enter into partnership agreements. On the sidelines of the fair, seminars and workshops will be organized for children and…

Tunisie Telecom and 3S sign MoU to launch Tunisia’s first IoT network

Incumbent operator Tunisie Telecom signed a memorandum of understanding with IT firm 3S for the launch of a LoRaWAN Internet Of Things (IoT) national network developed by LoRa Alliance, Ecofin Agency reported on Friday. The agreement was signed by Mohamed Fadhel Kraiem, CEO of  Tunisie Telecom, and Adel Dahmani, deputy managing director of 3S, in the presence of Anouar Maârouf, Minister of IT and digital economy. According to Tunisie Telecom and 3S, this ambitious project is mainly aimed at addressing the various emergencies requiring the transmission of small quantities of…

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…

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…

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…