What Does Bonvests Holdings Ltd Do and How Does It Make Money?

It is important to know what a particular company does and how it makes money before investing in it. Investing in a business without such knowledge is akin to travelling to an unknown territory without a map. On that note, let’s check out what business Bonvests Holdings Ltd (SGX: B28) is involved in and how it generates its revenue. Bonvests, as a quick background, owns and manages various prime commercial and hotel properties in Singapore, Australia and a few other countries. It also has a large stake in a waste management and contract…

Thomas Cook relaunches Tunisia holidays for February 2018 -Three years after beach massacre

The tour operator has started selling holidays to Tunisia again, two years after the Sousse terror attack  Two years after 30 British holidaymakers were killed by a terrorist in Tunisia, one of the UK’s biggest tour operators is to start selling trips there again. Thomas Cook, which first opened an office in Tunisia in 1902, will be offering a small programme of holidays from February 2018. Following the massacre by a lone gunman on the beach in Sousse, the Foreign Office placed the North African nation on the no-go list – triggering…

Reviving the Tunisian tourism industry: Calling on the force

Tunisia′s appeal as a holiday destination hit rock bottom a couple of years ago when it became the target of several Islamist attacks. Having rescued a number of Star Wars film sets in south-western Tunisia from sinking into the desert sands, a local tourism agency is now hoping to attract the film series′ considerable fan base. By Silke Wunsch Luke Skywalker is said to have been raised on a non-arable desert planet, beneath two suns, in a landscape formed by heat, sand and dust. On the edge of the Sahara,…

Tunisia: growth rate has almost doubled compared to 2016

Tunisia has recorded a growth rate of 1.9% in the first half of 2017, compared to 1% in the same period of 2016, Director General of the National Institute of Statistics (INS) Hedi Saidi announced on Tuesday. Speaking at a press conference in the Government Palace in Kasbah, he added the rate of growth in the second quarter of 2017 reached 1.8%, stating that the growth recorded is mainly due to the growth of the agricultural sector by 3.8%, market services by 4.2% and non-market services by 0.2%.   African…

Moody’s downgrades Tunisia’s rating to B1, maintains negative outlook

Moody’s Investors Service has today downgraded the long-term issuer rating of the government of Tunisia to B1 from Ba3 and maintained the negative outlook. Moody’s has also downgraded the foreign currency debt rating of the Central Bank of Tunisia to B1 from Ba3 and maintained the negative outlook, in addition to downgrading the shelf/MTN rating to (P)B1 from (P)Ba3. The Government of Tunisia is legally responsible for the payments on all of the central bank’s bonds. These debt instruments are issued on behalf of the government. The key drivers for…

In One Ear: Sahara power

Huge solar farm project in the works for Sahara Desert Since we’re all so solar-oriented at the moment, it should be noted that the European Union wants to build a giant solar farm in the Sahara Desert that can power over 2 million European homes, Digital Trends reports (http://tinyurl.com/saharapower). The TuNur Project (www.nurenergie.com/tunur) is a massive undertaking, expected to produce 4.5 gigawatts of power to be transmitted via three submarine cables from Tunisia to Malta, central Italy, and the south of France. The image shown is courtesy of TuNur. “We…

AFRICA – A Legal Guide for Business Investment and Expansion: Tunisia

1. What role does the government of Tunisia play in approving and regulating foreign direct investment? The Tunisian government places a priority on attracting foreign direct investment. The Tunisian government encourages export-oriented foreign direct investment in key industrial sectors such as electronics, aerospace, aeronautics, automotive parts and textile/apparel manufacturing. To minimize any possible negative impact on domestic competitors and employment, the Tunisian government screens foreign investment that targets the domestic market. In the spring of 2015, the government of Tunisia began consultations with various regional and national stakeholders to establish…

Tunisia sees relative rebound of FDI in the first half of 2017

Foreign direct investments (FDI) rose by 1.8 percent year-on-year in the first half of 2017, the Tunisian investment authority said Wednesday. Tunisia’s FDI reached 967.8 million dinars (396.8 million U.S. dollars) in the first six months this year, a slight rebound compared with a total of 950.8 million dinars (389.7 dollars) in the same period of 2016. About 97.6 percent of these outbound investments this year are direct investments while the remaining are portfolio investments. Khalil Laabidi, president of the Tunisian investment authority, estimated that direct investments mainly went to…

Tunisia: foreign currency reserves cover only 90 days of import

The decline in Tunisia’s net foreign currency assets continues. Their level reached on 11.538 billion dinars or 90 days of imports on Monday August 14, against 13,123 billion or 120 days of imports on the same date in 2016. The monetary indicators are there to testify to the fragility of the economic situation. The erosion of reserves may exacerbate the pressure on the dinar exchange rate and make its management more and more complicated. African Manager

Tunisia promotes investment and organics

In the absence of their main export market in war-torn Libya, Tunisia’s exporters are seeking alternative markets, with many pointing to the potential of the organic sector he role of Tunisia’s Agricultural Investments Promotion Agency (APIA), to promote investment in Tunisian agriculture, is perhaps more crucial now than ever. Neighbouring Libya’s descent into unruly chaos has resulted in a marked decline in overall exports from Tunisia, according to the ministry of agriculture. Exports fell by 25 per cent during the 2016/17 season compared with the year before, although revenues still…