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…

Tunisia Digital Summit: First start up label to be launched on April 5

Tunisia is one of the most dynamic African countries on the African continent in the field of digital technology “Tunisia is one of the most dynamic African countries on the African continent in the field of digital technology,” said Skander Haddar, organiser of the third edition of Tunisia Digital Summit (TDS) 2019, held in Tunis on April 2 and 3. Haddar emphasized that the objective of this event is to highlight the successful experiences of young Tunisians in the digital field who have succeeded thanks to the support policies conducted…

Tunisia, Nigeria to Hold Business Investment Forum In Tunis

An international business forum will be held next June 8 to 14, , in Tunis. The forum aimed to bring together entrepreneurs and business men from Nigeria, Tunisia, and other West African countries The event, a collaborative effort between the Tunisian Embassy in Abuja, CMD and Tours, and Grey and White Nigeria Limited, is on the the theme: Harnessing Business and Trade Opportunities between Nigeria and Tunisia. The organisers noted the reason for the forum was based on the need for a genuine wealth-building through networking to achieve robust economic growth…

Ways to solve water resources issues in Sidi Bouzid discussed

Water resources issues in the governorate of Sidi Bouzid will soon be solved, said Friday Secretary of State for Water Resources and Fisheries Abdallah Rabhi. Chairing the Regional Water Council, Rabhi said in a statement to media that it was decided to immediately start drilling the wells in Jelma, adding that the Prime Minister ordered to provide 3.6 million dinars (MD) for the benefit of regions facing thirst in Jelma. The official announced the programming of a large project costing 60 MD, which will concern Mazouna, Menzel Bouzaiene and Meknassi.…

Academy for tourism training in Tunisia (UNWTO S-G)

Secretary-General of the World Tourism Organisation (UNWTO) Zurab Pololikashvili announced on Friday that his organisation will work, in cooperation with the Ministry of Tourism and Handicrafts, to establish, in Tunisia, an academy for training in tourism, over the next three months. The official told media on the fringes of his participation in the opening of the 36th edition of the Handicrafts Creation Exhibition (from March 22 to 31, 2019 in Tunis), that the tourism training academy will play a key role in enhancing the quality of tourist services and upgrading…

Tunisia to top global market of organic agriculture: minister

Tunisia will be among the pioneers in the global market of organic farming, Minister of Agriculture, Water Resources and Fisheries, Samir Taieb said Friday. Tunisia now ranks 23rd worldwide and is in the lead at the African and global levels in terms of areas dedicated to the organic olive growing, he said in a statement to media on the fringes of the meeting of the National Commission on Organic Farming underlining that the organic farming areas increased from nearly 216 thousand hectares in 2012 to 336,000 hectares in 2018. The…

Cybernetica to Strengthen Fiscal Foundations in Tunisia with Secure Data Exchange

Cybernetica will implement a secure data exchange platform for the Government of Tunisia (GOT) to strengthen local fiscal foundations and improve interoperability between national financial institutions. The aim of the cooperation is to help the Ministry of Finance of Tunisia to improve and simplify tax administration, as well as to modernise fiscal reporting and data exchange. The key activity for this is to provide the data exchange platform that allows for secure, real-time access to all connected databases across multiple government ministries, Cybernetica website reports. “We are intrigued to introduce…

IMF mission to visit Tunisia next week for review of loan

An International Monetary Fund mission will visit Tunisia on March 27 to discuss the fifth review of a loan programme with the country, Minister of Economic Reform Taoufik Rajhi said on Tuesday. The visit comes two months after the government raised the wages of about 670,000 public employees, a decision the IMF had discouraged in order to cut Tunisia’s budget deficit. “The IMF mission will visit Tunisia from March 27 to April 9 for discussions on the fifth review of the loan program,” Rajhi told media. Tunisia struck a deal…

Tunisia Telecommunications Market 2019-Trends, Outlook and Growth Opportunities till 2025

The future value proposition for the telecommunications market in Tunisia to 2025 is detailed according to Tunisia Telecommunications Market report. The latter provides imperatives for gaining market share in the highly competitive telecom industry. It provides unmatched depth and breadth into drivers, challenges, tariffs, competition, subscriber behaviour, infrastructure, regulatory support and others. The report presents detailed insights into Tunisia mobile communication, fixed telephone and fixed broadband markets. Subscriber count and penetration rates are forecast for each of the sub-sectors including cellular, fixed landline and broadband segments from 2005 to 2018…

EBRD lends €13 million to ATL to support SME lending

The European Bank for Reconstruction and Development (EBRD) said in a statement Friday it has provided a €13-million loan to Arab Tunisian Lease to support SME lending.. The local currency financing will support lending to local SMEs. The EBRD said “in a country where access to funding and liquidity remain constraints on the growth of many private businesses, the EBRD loan will allow ATL Leasing to provide long-term funding to small companies. ATL Leasing will extend leases for the acquisition of equipment, light commercial vehicles, trucks, trailers and real estate.”…