MPBS becomes first Tunisian company to go live on Demand Solutions DSX

Demand Management, Inc., a leading global resource for cloud-based supply chain management solutions, says that Manufacture de Panneaux Bois du Sud (MPBS), a leading paper and forest products company, has become the first company in Tunisia to go live on the Demand Solutions DSX supply chain planning platform. MPBS’s Demand Solutions implementation has been supporting the company’s forecasting and demand planning activities since January 2016. Founded in 1980 and located in Sfax, Tunisia, MPBS provides plywood, melamine panels, and plated panels, as well as machining and contract works, security doors,…

Tunisia to raise taxes, lay off 3,000 public sector workers

Tunisia will raise VAT and other taxes and lay off about 3,000 public sector workers next year in a bid to cut the budget deficit, an economic adviser to the prime minister said on Monday.  Tunisia will also seek to raise 7.4 billion Tunisian dinars ($3 billion) from foreign loans including 1.4 billion dinars from the sale of bonds, Ridha Saidi told Reuters, without giving a timeframe. Tunisia has been praised for its democratic progress since its 2011 uprising against autocrat Zine El-Abidine Ben Ali, but successive governments have failed…

Boosting Tunisia’s Economic Recovery: EU Grants Further Macro-Financial Assistance

The European Union has approved the disbursement of a €200 million loan to Tunisia, marking the launch of the second Macro-Financial Assistance (MFA) to the North African country. The new tranche will be distributed in three installments in 2017 and 2018. Pierre Moscovici, Commissioner for Economic and Financial Affairs, commented that the financial aid to Tunisia was proof of the EU’s strong commitment to support the economic recovery of one of Europe’s closest neighbors. “With a renewed sense of urgency, Tunisia has reaffirmed its dedication to an effective partnership. The…

World Olive Oil Production Figures for 2017 Show Mixed Results

Global olive oil production will reach 2.854 million tons for the current crop year (September 2017 through August 2018), according to preliminary estimates from the International Olive Council — a 12-percent increase over the previous year’s 2.538 million-ton output. World production in 2017/18 is estimated at around 2.854t, which would be an increase of approximately 12 percent compared to the previous year.– International Olive Council The current season looks mediocre when compared with the average for the last five years (2.945 million tons) after heat waves and droughts affected some areas over…

IMF forecasts 2.3% growth for Tunisia in 2017, 3% in 2018

Tunisia is set to reach 2.3% growth by the end of the year, in line with World Bank forecasts, the International Monetary Fund (IMF) has said. In its latest “World Economic Outlook” the IMF forecasts 3% growth for Tunisia in 2018 and a slight improvement in its foreign trade balance, with deficit falling from 8.7% in 2017 to 8.4% next year. In 2016 the foreign trade deficit was 9%. According to IMF estimates, this year unemployment is expected to drop to 13% from 14% last year and to 12% in…

China: Tunisian soft seeded pomegranate market depressed

“The blossoming and ripening process of Tunisian soft seeded pomegranates is closely related to the temperature. This year, because of the cold weather, there are fewer products from Huili. At the beginning of the fruit bearing stage, it has been raining continuously. Later, there was not enough sunlight. This has caused the fruit to enter the market around one month later than in previous years,” according to Mr. Peng, producer and salesman of Tunisian soft seeded pomegranates in Fule Village, Tongan Town in Huili County, Sichuan. “Tunisian soft seeded pomegranates…

Tunisian trade deficit widens 23 pct in first nine months

Tunisia’s trade deficit widened 23 percent year on year in the first nine months to 11.480 billion dinars, the State Statistics Institute said on Thursday. The growing deficit is one of the main problems facing the government of Prime Minister Youssef Chahed. It has contributed to an erosion of Tunisia’s foreign currency reserves, which sank to just 90 days of imports in July, the weakest in three decades. The deficit with China alone reached 3.241 billion dinars. In an attempt to curb the deficit, Tunisia in April imposed restrictions on…

Africa continues to improve revenue collection rates

Tax and revenue collection has continued to improve across African countries, according to latest data. The average tax-to-GDP ratio for the 16 countries studied was 19.1% in 2015, an increase of 0.4% since the year before. Statistics released today by the OECD and other bodies looked at domestic revenue mobilisation in: Cabo Verde, Cameroon, Democratic Republic of Congo, Côte d’Ivoire, Ghana, Kenya, Mauritius, Morocco, Niger, Rwanda, Senegal, South Africa, Swaziland, Togo, Tunisia and Uganda. The annual Revenue Statistics in Africa report is jointly undertaken by the OECD Centre for Tax Policy and…

Automotive Industry: American Delphi Transfers Activities From Tunisia to Morocco

American automotive manufacturer Delphi Packard is moving its activities, launched in 2015 in Tunisia, to its production unit based in Meknes, Morocco. The move was motivated by repetitive strikes and an unfavorable business climate in Tunisia, versus better political stability and finer infrastructure quality in Morocco. The American manufacturer and supplier of automotive technologies, one of the first OEMs to establish their subsidiaries in Morocco with a plant in Tangier in 1999, has decided to transfer its manufacturing electrical harnesses activities from Tunisia to Morocco. For the time being, Delphi…

African Sun Powering Europe: North Africa Expanding Energy Sales Across the Med

Egypt, Algeria, Tunisia, and Morocco will soon be selling power to Europe. All four North African economies have invested tens of billions of dollars in green energy projects – particularly solar power – as a springboard to drive their energy ambitions. By taking advantage of the Saharan sun, the four countries are hoping to reduce the cost of solar technology, create cleaner environments, and support the creation of new business and investment opportunities. Tunisia’s biggest solar energy project – TuNur – will become a new intercontinental corridor between North Africa…