EU approves €150 million disbursement in Macro-Financial Assistance to Tunisia

The European Commission, on behalf of the European Union (EU), has approved on Wednesday the disbursement of a €150 million-loan (about 472 million dinars) to Tunisia, the EU said in a press release. This is the third and final disbursement under the second Macro-Financial Assistance (MFA) programme to Tunisia and follows the completion of an important set of policy measures intended to support the country’s economic transition. Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici said: “This disbursement underlines our sustained commitment to supporting Tunisia and its…

AfDB to hold completion workshop on Tunisia drones trial in agricultural sector

The African Development Bank (AfDB) will host a completion workshop on October 30, 2019, in Tunis to share lessons learned from the pilot project of using drones to improve the agricultural productivity in the Sidi Bouzid region of central Tunisia, AfDB reports. The model involves the use of drones to collect and analyze data and monitor irrigated areas, as well as combat pests. It was launched by the Bank, jointly with the Tunisian Ministry of Agriculture, Water Resources and Fisheries, and the Busan Metropolitan City in Korea to boost agriculture…

Economic growth still weak despite improvements in some indicators (BCT Executive Board )

The slow pace of economic growth, whose rate should not exceed 1.4% for the whole of 2019, is mainly related to the poor performance of the export-oriented and extractive sectors, the Executive Board of the Central Bank of Tunisia (BCT) said in a statement on Monday, after its periodic meeting. With regard to price developments, the Board noted in the statement issued at the end of its periodic meeting, Inflation rate stabilizes at around 6.7% year-on-year in September 2019, after prices of food products and services eased back. Similarly, core…

Testour Pomegranate Festival offers economic dynamics for local craftsmen and women

The city of Testour organized the Pomegranate Festival from October 24 to 27,  2019 an opportunity to enjoy this wonderful fruit in different ways and to participate in several cultural activities” with the slogan “Rommene Testour Mezyen we Melyen”. More than 30 thousand visitors from all over Tunisia took part in the 4th edition of the Testour Festival in the Beja Governorate which has created an economic dynamic, offering 70 craftsmen and women to promote their local products. This 4th edition was marked by the launch of a web site…

Date production expected to beat all records this year

The date production this year is expected to beat all records with a very good quality yield estimated at 340 thousand tonnes, against 289 thousand tonnes in 2018 and 305 thousand tonnes in 2017, Director General of Agricultural Production at the Ministry of Agriculture, Water Resources and Fisheries Ezzeddine Chalghef told TAP in an interview. He said Tunisia exports dates to more than 80 destinations in total. Morocco is Tunisia’s first customer, since it buys almost ¼ of the country’s exports, with quantities ranging from 30 to 35 thousand tonnes.…

Experts and Decision-Makers convene to address Water Scarcity

The Food and Agriculture Organization of the United Nations (FAO) announced that the Regional Conference on Improving Water Productivity in Agriculture is due to be held in Tunisia from December 3 to 6, 2019. The event is part of the Collaborative Platform on Water Productivity of the FAO Regional Initiative on Water Scarcity for the Near East and North Africa. The conference will help researchers and decision-makers take stock of the situation and discuss challenges facing agricultural water. The way water productivity enhancement can increase the sustainability of agriculture and…

Doing Business 2020: Tunisia moves up to 78th

Tunisia moved up two spots to 78th in the World Bank’s “Doing Business 2020” report published on October 24. Tunisia, which has maintained an upward trend for the 2nd consecutive year, is this year behind Morocco (53rd) which is in the forefront at the Maghreb level in matters of business climate, followed by Egypt (114th) and Algeria (157th), according to the WB’s annual report that measures the ease of doing business. The Doing Business 2020 is the 17th edition of a report that takes into account 190 economies. It assesses…

Tunisie Telecom and ESPRIT engineering school renew their partnership

Tunisie Telecom and the Group of Private Higher Education Institutions in Engineering and Technology, (French: ESPRIT), have renewed their partnership. The signing of this two-year contract took place on Monday, October 14 at the operator’s headquarters in the presence of Mohamed Fadhel Kraiem, Chairman and Chief Executive Officer of Tunisie Telecom and Tahar Bellakhdher, Director of the ESPRIT Group. This partnership, which dates back to 2010, offers a global response to ESPRIT’s telecommunications needs and integrates many highly advanced Enterprise Solutions. “The renewal of this strategic partnership with ESPRIT testifies,…

Tunisia Expects Record-Setting Harvest

Following a disappointing season last year resulting in a production of only 140,000 tons, the upcoming harvest in Tunisia looks to be promising, Olive Oil Times reports in an article on Tunisian olive harvest. Projected figures are even suggesting a record yield. Recently the Tunisian minister of agriculture, Samir Taieb, announced predictions of a yield of 350,000 tons. This would maintain Tunisia”s position as one of the world’s top producers and perhaps even put it in second place, the same source said, adding that the 2014/2015 season, Tunisia was the second-largest producer after…

Pilot training centre to be launched in Tunisia by Airbus

Airbus will soon launch a pilot training centre in Tunisia, as part of a partnership with the Tunisian Agency for Technical Cooperation (French: ATCT), the Transport Ministry reports in a statement released on Wednesday. This project is currently in the final phase of studies. Minister of Transport, Hichem Ben Ahmed, had a meeting on Wednesday in Tunis with a delegation of the Airbus company, led by the Vice-President in charge of training services, Michael Chemouny. The meeting focused on the partnership programmes between Airbus and Tunisia, particularly in the field of…