Tunisia: Debt of households exceeds 20 billion dinars in 2016

The latest report of the Central Bank of Tunisia (BCT) highlights the enormous debt burden of Tunisian households. Indeed, the total indebtedness of individuals to the banking sector totaled 20.414 billion dinars in 2016 against 18.556 billion the previous year, up 10% against 5.7% in 2015. This acceleration has mainly affected housing development credits, whose rate of growth has risen by 8 percentage points and, to a lesser extent, housing loans which saw their rate of growth accelerate by 1.5 percentage points. Furthermore, the BCT notes that the pace of…

Tourism up 29% in Tunisia

The number of tourists who visited Tunisia from January to the end of June has increased by 29.3 per cent compared to the same period last year, official data shows. According to data compiled by the Tunisian ministries of interior and tourism, more than 2.5 million tourists visited Tunisia in the first six months of the year. Moez Al-Harizi of the Information Office of the Ministry of Tourism said more than 202,000 French tourists visited Tunisia. “Despite travel restrictions imposed by Britain, more than 11,000 British tourists visited Tunisia in…

New UN report encourages African countries to harness growing tourism sector

African governments should make it easier and safer for Africans to travel within the continent, the United Nations said in a new report released today, noting that tourism demand there is increasingly driven by Africans themselves. “Tourism is a dynamic sector with phenomenal potential in Africa. Properly managed it can contribute immensely to diversification and inclusion for vulnerable communities,” said Mukhisa Kituyi, Secretary-General of the UN Conference on Trade and Development (UNCTAD). The agency’s “Economic Development in Africa Report 2017 focuses on tourism for transformative and inclusive growth. Chantal Line Carpentier,…

Tunisia: CLERPREM plans to create 80 new jobs in 2017

The CLERPREM group is confident in the positive investment climate in Tunisia and plans to extend its subsidiary in Menzel Jemil (governorate of Bizerte). Supplier of accessories for cars and motorcycles, the company CLERPREM Tunisie also plans to create 80 new jobs during the second half of 2017, CEO of the Group David Baratti said after a meeting with the Governor of Bizerte on Tuesday. He added that the company, which currently employs 420 people, plans to increase the number of its staff to 650 after the planned extension works.…

Tourism revenue in Africa to reach $121 billion in 2026

Morocco, Tunisia and Egypt take in lion’s share of continent’s tourism revenue The tourism sector’s contribution to GDP in Africa is forecast to increase to $121 billion in 2026, according to the 2017 Economic Development in Africa Report released Wednesday by the UN Conference on Trade and Development (UNCTAD). The report entitled “Tourism for Transformative and Inclusive Growth” said the sector’s contribution to GDP in 2016 had amounted to $73 billion. “Tourism’s total contribution to employment in 2011-2014 generated more than 21 million jobs, or roughly one out of 14…

Tunisia: Tabarka-Ain Drahem Airport returns to service

After several years of suspension, the Tabarka-Ain Drahem airport will resume service, said a statement of the Ministry of Transport. On July 5, the airport will welcome 120 tourists on flights coming from Paris. Regional delegate for tourism in the Tabarka-Ain Drahem region, Hichem Mehouachi told MosaiqueFM on Monday that this flight will be weekly and will continue until next September, underlining its role in re-launching the summer season in the region. African Manager Share+1TweetShare0 Shares

Wazin town to launch soilless farming project

A new project in agriculture technology known as the soilless farming (hydroponics) is to be launched in Wazin, a town in the western region of Libya that serves as a border crossing with Tunisia. The Municipality of Wazin said it will launch the hydroponic farming project of growing vegetables on surfaces and balconies after its successful farming of freshwater fish. Wazin Mayor, Mohamed Juma Sunam, said that the idea of implementing the soilless farming system was a step by the Municipality to motivate families to self-sufficiency and to localize the…

Souk At-tanmia builds capacity of 450 young entrepreneurs, public and civil actors in Tunisia

Souk At-tanmia, an innovative partnership initiated and led by the African Development Bank (AfDB) in collaboration with various partners, has trained 250 young entrepreneurs and 200 representatives of public structures and civil society organizations working in the field of entrepreneurship in Tunisia. The training workshops, held from May 3-June 30, 2017, are part of Souk At-tanmia’s third edition and aim at stimulating initiative and strengthening the entrepreneurial ecosystem in Tunisia. Group photo of Souk At-tanmia’s training for public and civil actors, Tunis (May 2017) Enhancing support for Tunisian entrepreneurs In…

DOF Subsea awarded contracts in Mediterranean and Canada

DOF Subsea has been awarded a contract in the Mediterranean by Transmediterranean Pipeline Company Limited and another in Canada by an as yet unspecified Canadian operator. The contract with Transmediterranean Pipeline Company Limited (TMPC) will see DOF responsible for pipeline inspection on TMPC’s pipeline system. The work will be undertaken in the third quarter of 2017. The scope of work includes inspection of five pipelines between Sicily and Tunisia. DOF Subsea will deploy the survey vessel Geosund to complete the inspection work and undertake any pipeline intervention required. DOF Subsea successfully completed…

More service and new long-haul destinations next winter

Thomas Cook Germany is extending its 24-hour customer satisfaction guarantee, adding new destinations and expanding its premium offers for winter 2017/18. Germany’s second-largest tour operator will step up its focus on service next winter. Germany chief Stefanie Berk announced that the group’s ‘24-hour customer satisfaction promise’, guaranteeing that hotel problems will be solved within 24 hours or customers get their money back, will be extended geographically. So far it covers most short-haul destinations. From next winter onwards, the service will cover all long-haul destinations offered by premium brand Thomas Cook…