Category: business

Tunisia has managed to pay off all its domestic and external debts for 2023 despite enormous pressure on public finances, Finance Minister Sihem Boughdiri said on Monday, dispelling doubts about the possibility of a default. Tunisia will pay $4 billion in external debt in 2024, a 40% increase on 2023, according to an official document, amid a shortage of external financing for the North African country as it struggles to redress its ailing public finances. According to economists, Tunisia has relied heavily on new domestic loans to repay its external…

South Korea’s Yura Corporation, which specializes in the production of spare parts for the automotive industry, is looking into the possibility of expanding into Tunisia, said Kim JONG GU, CEO of Yura Corporation’s Tunisian subsidiary, reads a press release issued by FIPA on Monday. At a meeting held in Tunis with FIPA-Tunisia CEO Jalel TEBIB, JONG GU emphasized that this expansion will be achieved through a cable production unit dedicated primarily to the automotive industry, as well as systems for mobility. He went on to say that the unit would…

Benghazi Chamber of Commerce, in cooperation with the Tunis Chamber of Commerce and Industry, announced Thursday its participation in the fourth Tunisian International Business and Finance Forum to be held from January 22-24 in Tunis, Libya Herald reports. Benghazi Chamber said this important forum brings together a qualitative number of businessmen from Tunisia and various Arab countries, with the presence and official interest of various Tunisian authorities. TunisianMonitorOnline

Tunisia Africa Business Council (TABC), in partnership with Get’IT (ICT sector) and Tunisia Building Partners (construction sector), is organizing a multi-sector economic mission in Benin from February 12 to 15, 2024.Benin has become a destination of choice for investors and exporters, according to the economic NGO. It points out that in 2022, Benin recorded economic growth of 7.4%, the highest in its region. The Beninese government is committed to creating a favorable investment environment. The country has an attractive investment code offering tax and customs incentives to investors. These are…

A research, development and innovation (RDI) fund, “Support for innovation and sustainability in Tunisia”, endowed with 5 million dinars, was launched on Tuesday at a press briefing organized by the Ministry of Industry, Mines and Energy. It aims to stimulate the growth potential of Tunisian SMEs operating in the industrial and related services sector, and seeking to undertake RDI projects in collaboration with public or private players, service providers or relevant clusters. Launched in partnership with the European Union and the Federal Ministry for Economic Cooperation and Development (BMZ), the…

A Tunisian-Italian tourism event will be held in March 2024 in Tunis, with the participation of a high-level Italian delegation led by Italian Tourism Minister Daniela Santanche, the Ministry of Tourism and Handicrafts announced recently. During the event, the Tunisian and Italian parties will sign a memorandum of understanding with the aim of boosting bilateral cooperation in the tourism sector. The decision to organize this event was taken during a working session held in Milan between the Minister of Tourism and Handicrafts, Mohamed Moez Belhassine, and his Italian counterpart, on…

The African Development Bank (AfDB) has approved an €81.9 million (US$89.08 million) loan to Tunisia to improve wastewater treatment for agricultural reuse and strengthen its climate resilience, Tunis Afrique Presse (TAP) reported on Wednesday. The project to improve the quality of treated wastewater for climate resilience will enable water to be treated to agricultural reuse standards. The project is scheduled for implementation over the period 2024-2028. “This project is an important example of the link between water, energy and agriculture by improving treated wastewater for agriculture and reducing energy costs…

The latest rains in Tunisia over the last few days have been a real blessing after months of drought. But what about the dams? According to the Observatoire tunisien de la météo et du climat, recent rainfall has reached 40 million cubic metres, equivalent to 20 days’ consumption. At present, according to the same source, the rainwater is still trickling down through the rivers to reach the dams. More rain is expected in mid-December. On Monday December 11, 2023, engineer and meteorologist Mehrez Ghannouchi reported that the rate of filling…