“Doing business”: WB makes available to Tunisia human and financial resources to improve its ranking

The International Finance Corporation (IFC), a member of the World Bank (WB) Group, provides Tunisia with all the necessary financial and human resources to help it ranks 50th globally and third in the Arab World and Africa in the 2020 Doing Business report, said its Resident Representative in Tunisia, Georges Joseph Ghorra. The institution will form work teams to determine the indicators related to this report that Tunisia could easily develop and improve, he added at a conference in Tunis for the presentation of the work strategy agreed to improve…

EBRD Supports Microfinance in Tunisia (The Financial)

The EBRD is strengthening access to local currency loans for micro, small and medium-sized enterprises (MSMEs) by signing a credit line with Enda Tamweel, the largest microfinance institution in Tunisia, the Financial reports. The Bank’s MSME credit line of €5 million (TND17 million) will increase the availability of financing for Tunisian small businesses. In a country with a population of 11 million people, the SME sector plays an integral role in the Tunisian economy. However, only 15 per cent of MSMEs in the country have bank loans, while 58 per…

Tunisia’s inflation stable at 7.4 % in November

Tunisia’s inflation rate remained at 7.4 % in November, the third consecutive month at that figure, official data showed on Wednesday, according to Reuters. Inflation has fallen from 7.5 % in August and 7.8 % in June, Reuters added. In May, Tunisia’s central bank raised its key interest rate by 100 basis points to 6.75 %, the second hike in three months, to tackle inflation. TunisianMonitorOnline     Share2+1TweetShare2 Shares

Tourism revenues up by 40.5% (late  November 2018)

The tourism sector indicators improved clearly in terms of revenues to reach nearly 3.7 billion dinars by late November 2018, up 40,5% compared to the same period of 2017, said Minister of Tourism and Handicrafts Rene Trabelsi. At a plenary session in the House of People’s Representatives on Wednesday on the draft budget of the Ministry of Tourism and Handicrafts for 2019, Trabelsi said that the number of tourists has posted a 17.2% rise to the end of November 2018, compared to last year, reaching 7.5 million tourists. This leap…

Tunisian-South African joint business council to be created

A joint Tunisian-South African business council will be created soon, announced Abdessalem Loued, member of The Tunisian Confederation of Industry, Trade and Handicrafts (UTICA) national bureau, and Bulelani Magwanishe, South African vice-minister of Trade and Industry, at a meeting held on Tuesday in Tunis, “Both sides agreed on the creation of this Joint Business Council and a Tunisian business mission to South Africa during the year 2019” is scheduled, according to a statement issued Wednesday by UTICA. The two leaders also discussed at this meeting, the areas of activity available…

Two USAID-funded projects inaugurated in Sidi Bouzid

Two projects funded by the United States Agency for International Development (USAID) were inaugurated Tuesday in Sidi Bouzid, according to TAP news agency. They concern an urban park project in Ouled Chebli in the delegation of Sidi Bouzid and the project of the redevelopment of the youth centre in the delegation of Souk Jedidi. These projects are part of the Programme “Sharekna”, a project to Support Youth and Empower Local Communities”, conducted by Family Health International “FHI 360” in Tunis, Sidi Bouzid, El Kef, Manouba and Ariana, TAP reports. The…

First Chocolate and Pastry Fair on December 7- 8, 2018

The first Chocolate and Pastry Fair will be held on December 7 and 8, 2018 at the headquarters of the Tunisian Confederation of Industry,Trade and Handicrafts (UTICA) with the participation of several renowned Tunisian exhibitors and pastry chefs, Managing Director of International Fairs & Exhibitions “(IFE Tunisia), Lamia OUESLATI said during a meeting with the press. Oueslati stressed that this show, a first gourmet in Tunisia, will provide for the professionals and the general public the largest offer of chocolate and pastry. A chocolate sculpture competition will be organised by…

Tunisia regulator launches system to block SMS spam

Tunisia’s telecommunications regulator will launch a new service helping telecom subscribers reduce the number of advertising messages sent to them by operators, Telecompaper reported. The service ‘STOP SMS’ is the result of an agreement signed in April by the regulator, the national institution for the protection of personal data (INPDP) and the consumer rights organisation, Telecompaper added. It will be executed via a toll-free number. For subscribers bothered by the numerous advertising SMS they receive, the regulator’s initiative shows its strong implication in the protection of consumers’ interest, it explained.…

“SICCA INVEST” due on December 14-15, 2018 in El Kef

A “SICCA INVEST” meeting is due to be held on December 14 and 15, 2018, in El Kef. The event targets the economic development of the region, in the creative and cultural industry, tourism (nature, sport, tourism heritage), crafts, environment. The SICCA INVEST” meeting will be organised by the Siccaveneria project, led by the Culture and Development Association “ACD”. “SICCA INVEST” will provide the opportunity to discuss “the economic development model of El Kef region and address the issues of reconversion of the territory. For decades investment, business creation and…

Saharan tourist village in Tozeur to open in summer 2019 

The Saharan tourist village in Tozeur built by the Qatari Diar Company will open in summer o 2019. This 5-star project resort includes 92 luxury suites with private pools and other amenities, a Roman theatre, thermal baths and a palm grove in the centre of the village. The design of the project, inspired by the Tunisian architectural heritage and the Jerid region, will be carried out by Tunisian entrepreneurs in accordance with the agreements between Tunisia and Qatar. 250 skilled workers and Tunisian and foreign skills will work in the…