IMF delegation in Tunisia for reform talks -official

A delegation from the International Monetary Fund arrived in Tunisia on Friday for talks on accelerating the North African country’s economic reforms, after postponing payment of a second tranche of $350 million from a $2.8 billion loan. The IMF put back the payment scheduled last December citing a lack of progress in reforms, including the public sector wage bill, public finances and state banks, Finance Minister Lamia Zribi said earlier this year. Six years after its 2011 pro-democracy uprising, Tunisia is seeking to revive its economy but is struggling in…

Tunisia, 87th most competitive tourist destination in the world (WEF)

According to the World Economic Forum (WEF) Travel & Tourism Competitiveness Report 2017, Tunisia is the 87th most competitive tourist destination globally, according to this ranking which encompasses 136 countries. Morocco ranks third in the continent behind South Africa and Mauritius and 65th in the world. In North Africa, Tunisia ranks 3rd in terms of tourist attractiveness, behind Morocco and Egypt (74th). Algeria comes in 118th place.  In terms of attractiveness of the business environment, the WEF ranked Tunisia 66th while Morocco ranks 49th among the 136 countries listed. Regarding…

Tunisia: dinar gains 1.5% against dollar from January to March 2017

The dinar has appreciated by 1.5% against the dollar and depreciated by 0.9% against the euro, from the beginning of the year until March 28, 2017, According to a memo on the economy released by the Central Bank of Tunisia. The BCT reported on another level an increase in the money supply, which mainly reflects the acceleration of aid to the economy (+ 9.7% in February 2017 compared to + 5.7% a year earlier) and the deceleration of the decrease in net claims on abroad (-1.414 MTD against -3.209 MTD…

International Tourism Market (MIT) in Tunis

 Tunisian tourism is still a vital sector and is ready for high season The 23rd edition of the International Tourism Market (MIT) tourism trade fair opens on Wednesday, April 5  at El Kram Exhibition Centre in Tunis. The three-day trade fair is destined to the professional of  the tourism industry, but a large public also takes interest to its 150 stands representing 350 companies in the sector. The trade fair also includes a range of small fairs namely  the Tunisia Horeca Expo (featuring tools and services for hotels and restaurants);…

Tunisia: Trade deficit surges over first two months of 2017

Tunisia’s trade deficit increased over the first two months of 2017, the Central Bank of Tunisia (BCT) announced on Tuesday. The deficit reached over 2.5 billion dinars (1.1 billion U.S. dollars) from 1.35 billion dinars of the same period last year, due to higher expansion of imports than exports, with increase rate of 23.7 percent and 4.7 percent, respectively. “In 2016, the national economyregistered nearly the same growth rate, 1 percent, as a year earlier, mainly due to a bad agricultural season especially for olive oil in addition to a decline…

Germany supports implementation phase of Tunisian Solar Plan

The German Federal Enterprise for International Cooperation (GIZ) will provide the Tunisian government with €7 million. The North African country will use the donation to finance the preliminary support project of its 1 GW renewable energy plan, which includes the installation of 650 MW of solar. The press office of the German Federal Enterprise for International Cooperation (GIZ) has confirmed to pv magazine that it has provided the Tunisian government with €7 million in funding to support the implementation phase of the country’s solar program Plan Solaire Tunisien (PST), as…

Tunisia: Libyan Airlines resumes flights to Djerba

Libyan Airlines has announced that it will resume its flights from Tripoli to Djerba in Tunisia, suspended for six years. There will be two weekly flights to Djerba airport, every Sunday and Thursday, the spokesman for the Libyan company told the Libya Herald site. The first flight is scheduled for Thursday, April 6. Although under normal circumstances it is easier and faster to travel between Tripoli and Djerba by road, the road is regularly blocked, whether at the border or near Tripoli. There are several connections between Djerba and France,…

Fuel and gas crisis committee confirms success of anti-fuel-smuggling campaign

The fuel and gas crisis committee has confirmed that the intensive campaign it had announced a couple of weeks ago to stop fuel smuggling in western and southern Libya has turned out a great success. “The campaign has achieved great results and limited the percentage of fuel smuggling in a considerable proportion.” The committee said on Facebook. It added that before shutting the land borders by Nalut Military Council in the face of the fuel-smuggling trucks en route to Tunisia, there were about 69 trucks laden with 40.000 liters each, which means…

SICO opens office in Tunis

The Silk Road International, Cultural and Commercial Organisation (SICO) opened on Saturday an office in Tunis “SICO Tunis,” which is the first in Africa. “This office, headed by President of the Tunisian-Chinese Chamber of Commerce Tahar Bayahi, seeks to foster economic relations between Tunisia and China and materialise bilateral economic agreements,” said SICO Secretary-General Hong Hong. “SICO Tunis” will contribute to the achievement of large-scale projects in the sectors of infrastructure, mining, energy and real estate in addition to the construction of hotel units, the Chinese official pointed out at…

NAPEC Panelists: Now Is Time To Rethink E&P Strategy In North Africa

The new oil price level is an opportunity for oil and gas producers in North Africa to adjust their business models and rethink future strategies, according to panelists at the North Africa Petroleum Exhibition and Conference (NAPEC 2017) in Algeria. The conference highlighted the role of technology as a game-changer in terms of increasing efficiency and reshaping the industry as well as regional investment opportunities and incentives offered by the local government to woo international oil and gas companies to develop hydrocarbon reserves. “We are working on making foreign investments…