Energy: Tunisian premier announces cooperation with Libya

Tunisia wants the priority on oil provisions from Libya, Tunisian Premier Youssef Chahed said during the first Tunisian-Libyan forum organized by the Tunisia Africa Business Council, attended by ministers, officials and hundreds of entrepreneurs from the two countries, which wrapped up today. In particular, Chahed said the two countries will start a strategic cooperation on energy, which will enable to exchange surplus, based on the mechanism ‘Oil for Food’, or goods in exchange for oil. To boost exchanges, Tunisia and Libya will strengthen efforts to develop trade inside the country,…

Tunisia key for business aviation in MENA

Ali Alnaqbi, Founding and Executive Chairman of the Middle East and North Africa Business Aviation Association (MEBAA), led an exclusive networking event looking at the key challenges and opportunities for business aviation at the MEBAA Conference Tunisia. He was joined by Yamina Jlaiel, Deputy Director Air Transport Direction, General Directorate of Civil Aviation, Ministry of Transport and representatives of the key local industry. “The Middle East and North Africa business aviation industry is growing across the region,” Alnaqbi says, “and the purpose of the MEBAA Conferences and networking events is to provide more focus on individual…

EBRD and EU put Tunisian olive oil on the world map

Tunisia’s olive oil industry is going from strength to strength and the country’s economy depends heavily on the product’s export. Yet small, family-owned farms are struggling to modernise their operations and compete with global market players. The Slama Group, helped by the EBRD’s European Union-funded Advice for Agribusiness programme, is overcoming both challenges. The cultivation of olives in Tunisia began some three millennia ago. With year round sunshine and fertile soil, the country offers perfect conditions for the crop. Its oil is thought to have miraculous properties and is used…

DRÄXLMAIER El Jem bets on its employees’ skills based on efficient training and intrinsic social and economic integration

(TAP/Mohamed Neji Ben Gamra) – The DRÄXLMAIER El Jem seeks to achieve success and reach good performance and efficiency of workers by providing them with optimum conditions, Sabri Brahim, Communication Manager of the German Company said. He added that in order to reach this profitable and sustainable performance, the company has established a set of strategies that give workers a strong motivation to keep the same level of enthusiasm and skills. Among these rules the newly hired workers or graduates are provided an efficient theoretical and practical training on an…

Tunisia hosts 1st edition of Afric’Up, October 2-3

The 1st edition of Afric’Up: Startup Africa Summit will be organised on October 2-3 in Tunis and will bring together nearly 80 African and international speakers (CEO, investors, mentors, experts, institutions, confirmed start-ups) as well as 112 African and international start-ups who will expose their solutions and innovations. At a press conference in Tunis on Wednesday, event organiser Skander Haddar said that over 20 African countries will be represented at this event and more than 1,000 participants are expected. The aim is to promote innovation, creativity and new digital economies.…

Tunisian manufacturing industry investment up 3.9 % in first 8 months

Investment in manufacturing industry in Tunisia reached 2.5 billion dinars ($ 900 million), registering a leap of  3.9 % compared with same period last year,  Ministry of Industry and Small-and Medium-Sized Enterprises (SMEs) revealed on Friday. The January-August period was marked by the increase of job creation reaching 41,188, up 2.4 % compared with last year, the ministry said. Investment in leather and footwear sector almost tripled to 29.4 million dinars, up 272.7 % in growth, against only 7.9 million dinars of the first eight months last year. Besides,  foreign…

World bank disburses $500 million loan to support Tunisia budget

The World Bank has disbursed a $500 million loan to support Tunisia’s budget, an official source told Reuters on Thursday. The disbursement raised Tunisia’s foreign exchange reserves to the equivalent of 78 days of imports, up from the equivalent of 68 days seen in recent weeks. Tunisia plans to issue $1 billion in bonds in early October to help cover 2018’s deficit, a senior official told Reuters last week. Tunisia expects economic growth to accelerate to 3.5 percent next year from an expected 2.9 percent in 2018, driven by a…

Tunisia hosts PPP forum to strengthen investment in Tunisia

A high-level global forum on public-private partnerships (PPP) was held Tuesday in Tunis to boost investment in key sectors. The forum is organised by IFC, a member of the World Bank Group, in partnership with the Tunisian Ministry of Development, Investment and International Cooperation, the General Commission for Public-Private Partnership, and the European Bank for Reconstruction and Development (EBRD). 33 expert projects attended the event, who discussed the sectors concerned namely transport and logistics, energy, water and the environment, infrastructure and urban development and science and technology parks. The transport…

LONGi Solar, SHAMS to co-develop PV projects in Africa

Chinese monocrystalline solar products maker LONGi Solar will be teaming up with Tunisian project developer SHAMS Technology to co-develop photovoltaic (PV) projects in African markets. LONGi Solar said in a statement that the two firms have entered into a Memorandum of Intent (MoI) with regard to the proposed long-term cooperation. They will be working together in markets where SHAMS has an active partner network, according to the announcement. The first project under the partnership is of 10-MW capacity and is located in Kasserine, within the west-central part of Tunisia. LONGi…