Tunisia tourism makes return with revenues up nearly a third

Tunisia’s tourism industry, hard hit by terrorist attacks in 2015, has undergone a “real recovery” with revenues up nearly a third so far this year, the sector’s minister said Wednesday. “There is a significant improvement,” Tourism Minister Selma Elloumi Rekik told AFP, as visitor numbers bettered the first five months of 2014, largely due to rising Russian and Chinese arrivals. Visitor arrivals surpassed 2.3 million through to May 20, up 21.8% from the same period last year and 5.7% higher than for the same period in 2010. Sector revenues hit…

German bank to fund $96m Tunisia water project

Tunisia  signed a €82 million ($96 million) loan agreement with Germany’s KfW Development Bank to finance a water project, the Anadolu Agency reported. The agreement was signed by Tunisian Minister of Development, Investment and International Cooperation, Ziyad Al-Athari, and the Director of KfW’s office in Tunis, Sven Neunsinger. The loan will be used to finance a water desalination plant in the town of Zarat in the Gabès Governorate. Interest on the loan is expected to be 1.86 per cent payable over 15 years with a five-year grace period. The project is estimated…

Messina Group announces new Italy-Tunisia line

The Genoa-based shipping company Ignazio Messina has launched a new sea connection for roll-on/roll-off (ro-ro) merchandise between Italy and Tunisia, with a weekly sailing between the port of Rades and the ports of Genoa and Naples, where the company will return after a five-year absence. The company will employ two leased ro-ro ships for the route, with arrival in the port of Rades on Tuesdays and departure for Italy on Wednesdays. TunisianMonitorOnline (ANSAmed)

China’s latest connection to Africa is via a boom in tourism

hinese travelers are the world’s top tourism spenders, shelling out almost $260 billion in 2017 alone. A growing part of that spend is now happening in Africa, encouraged by relaxed visa rules, increased interested in the continent’s cultural and historical sites, and a initiatives that seek to appeal to Chinese tourists. Last week, the Industrial and Commercial Bank of China launched a joint loyalty program with Kenya’s Stanbic Bank, aiming to create incentives for travel, shopping, and leisure to tourists visiting the two nations. The “I Go Kenya—I Go China” scheme follows the…

New Investment in Tunisia’s Future to Strengthen Primary Education and Ensure All Children Have Access to Preschool

The World Bank Board of Directors approved recently a US$100 million investment loan to support the Tunisian government’s efforts to improve the quality of primary education and expand access to preschool in disadvantaged regions.  The investment will support improving the effectiveness of teachers and school leaders, and, in targeted districts, will expand access to preschool and enhance the primary school environment. The new project is expected to benefit over one million children. The Strengthening Foundations for Learning Project was designed to support the government’s strategic objectives of improving learning in basic education and…

Thomas Cook chief: We want to make Tunisia a top destination again

The boss of Thomas Cook has outlined the operator’s drive to “make Tunisia a top destination again”. Peter Fankhauser’s comments came after the group reported growth in bookings to smaller destinations such as Croatia and Italy, as well as Tunisia “which has made a positive start after we reopened it to the UK market in February”. Asked whether he envisaged further growth in capacity to Tunisia from Cook, Fankhauser said: “We started Tunisia [in 2018] with three flights a week and have increased to 11 flights this summer. “That is…

Tunisia to build Five Solar Plants

The Tunisian government has launched international tenders for the building of five new plants using photovoltaic technology, part of the country’s decision to develop renewable energies. These projects will be developed under the Build Own Operate (BOO) model. They include 200 MW solar plant in the province of Tatouine, two 100 MW PV facilities in the provinces of Kaiouran and Gafsca, and two more 50 MW solar parks in the provinces of Sidi Bouzid and Tozeur. The launch of the tender, which is part of a plan to add 1…

Arab Monetary Fund helps Tunisia develop business environment

Tunisia will benefit from the loans provided by the Arab Monetary Fund to better develop its business environment, said Abderrahmane Al-Hamidi, Director-General of the Arab Monetary Fund, on Monday. “We granted two tranches of loans to Tunisia, each worth 130 million U.S. dollars delivered last month in Jordan,” said Al-Hamidi at an African summit. “These loans are part of the program of financing Arab trade.” The loans would be invested to help develop business environment in Tunisia, targeting the development of small and medium enterprises, to create jobs and provide…

Tunisia’s central bank holds key rate unchanged at 5.75 %

The  Central Bank of Tunisia (BCT) said on Wednesday it kept its key interest rate unchanged at 5.75 %. The BCT board said that the persistence of inflationary pressures – inflation stood at 7.7% at the end of April 2018 year-on-year – noting that the pace of price change is likely to negatively impact the economic recovery. This requires precise monitoring of the causes of inflation, better co-ordination of economic policies and implementation of appropriate mechanisms to mitigate its effects. In March, the central bank raised the rate to 5.75…

Tunisia’s economy grow 2.5 pct in first quarter of 2018

The Tunisian economy grew 2.5 percent in the first quarter of 2018, compared to 1.9 percent in the same period a year ago, the investment minister said. The Tunisian economy grew 2.5 percent in the first quarter of 2018, compared to 1.9 percent in the same period a year ago, Investment Minister said on Tuesday in Tunis at a meeting with the press. Zied Laadhari said economic growth was energised  by strong growth in agriculture, which expanded by 11.9 percent in the first quarter this year up from 2.5 percent…