Tunisia raises 34 billion dinars in Investment Conference (Youssef Chahed)

“Investments of around 34 billion dinars were raised at the international investment conference “Tunisia 2020”, Prime Minister Youssef Chahed said at a press conference at the closing of this event held at the Convention Centre in Tunis. Chahed stressed that these investments are divided between 15 billion dinars, in the form of signed agreements and 19 billion dinars in commitments. The Prime Minister welcomed the success of the conference, which was attended by political decision-makers and businessmen representing major international companies. He praised the efforts of President Beji Caïd Essebsi…

PSA/Stafim to establish Peugeot assembly plant in Tunisia

PSA Group and Stafim, Peugeot’s long-term partner in Tunisia, have signed a letter of intent to assemble and sell a Peugeot pickup truck in Tunisia. The planned plant will start operations in mid-2018, producing 1,200 units annually to meet local demand. PSA said: “This agreement falls within the core model strategy of the ‘Push to Pass’ organic profitable growth plan, demonstrating the group’s intention to build its presence in the pick-up segment.” At the Tunisia 2020 International Conference on investment held in Tunis, with Béji Caïd Essebsi, president of Tunisia and Manuel…

Tunisia’s (olive) oil rush

Demand for north African oil is growing, much to the annoyance of the big players in Europe. TEBOURBA, Tunisia — Hidden behind the Mahjoub olive press, a row of millstones traces the long history of olive oil production in this corner of northern Africa. At one end, there are the stones used by five generations of the Mahjoub family: flat, heavy discs at least a meter across, made of granite or volcanic rock. At the other lie cylinders of rough-hewn rock, which crushed olives when Tunisia lay within the province…

Some thirty agreements signed on first day of “Tunisia 2020” Conference

Some thirty conventions and agreements were signed Tuesday afternoon on the sidelines of the International Investment Conference “Tunisia2020”, with the European Union (a donation of € 200 million), the European Investment Bank (EIB) Loan of € 246 million), the European Bank for Reconstruction and Development (EBRD) (a loan of € 46.5 million), the German bank KFW Credits totalling €105 million), the French development agency (a donation of € 5 million). At the ceremony held at the Convention Centre in Tunis, agreements were signed with the European Union for several donation…

Billion-dollar pledges to boost Tunisian economy

Heads of states, prime ministers and presidents of international financial institutions voiced  support to Tunisia bringing its young democratic experience to a conclusive end in a region that is living through major changes. They announced on Tuesday at the opening of the international investment conference “Tunisia 2020” significant financial assistance to Tunisia under donations and loans. Foreign stakeholders and guests of “Tunisia 2020” commended the efforts made by Tunisia to counter terrorism and violence, arguing that the country can achieve success of its democratic model  that requires all the institutional…

Kuwait keen on developing investment in Tunisia – Kuwaiti FinMin

Kuwait’s Deputy Premier and Finance Minister Anas Al-Saleh said Monday Kuwait was keen on boosting its investment in Tunisia to improve economic growth in the north African nation. Kuwait is interested in “the development of its investment and to contribute to improving economic development in Tunisia, which will eventually benefit bilateral relations,” Al-Saleh, also Acting Oil Minister, told KUNA and Kuwait TV. Al-Saleh, speaking after arrival in Tunis, said he was representing His Highness Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah to the International Conference in support of economic, social, and…

Algeria, Italy and France to attend “Tunisia 2020”

Many attendees from the financial and political world are expected in Tunis for the event “Tunisia 2020″ International Investment Conference which will  open on Tuesday, including Algerian prime minister Abdelmalek Sallal according to a prime minister’s office statement released Monday. Sellal will be accompanied by Minister of Maghreb Affairs, African Union and Arab League Abdelkader Messahel, and Minister of Industry and Mining Abdesslam Bouchouareb, added the statement. As regards the Italian delegation it will be led by Deputy Foreign Minister Mario Giro according to ANSA. The French Delegation to be…

Tunisia to issue 1 billion euro Eurobond in January – government source

Tunisia plans to issue a Eurobond worth 1 billion euros in January as it seeks funding to cover its deficit, a government source said on Monday. The issue was initially scheduled for April, but that was delayed after Tunisia secured a $500 million sovereign bond fully guaranteed by the United States, said the official. “Tunisia will issue in January 2017 a delayed 1 billion euro Eurobond that was first planned earlier this year,” he said, without giving further details. The government is facing further strikes over austerity measures included in…

Several political and economic figures to attend “Tunisia 2020”

Fifteen delegations representing the United Nations and several countries such as Germany, Canada, France, Qatar and Algeria, will attend the official opening ceremony of the International Investment Conference in Tunisia, Tunisia 2020, Which will have (the ceremony) on the theme “the revival of the economy, an imperative for the consecration of the democratic process”. Fadhel Abdelkefi, Minister of Development, Investment and International Cooperation, will present the country’s major projects with attendance of leading figures, including the President of the European Investment Bank (EIB), Werner Hoyer , President of the Tony…

Second phases of Tunis Financial Harbour mega-project kicked off

The first and second phases of the Tunis Financial Harbour mega-project in the delegation of Kalaat El-Andalous, Governorate of Ariana was kicked off by Premer Youssef Chahed.. “The launch of the first two phases of this mega-project two days before the start of the international investment conference ‘Tunisia 2020’ carries a clear message to foreign investors,” said Youssef Chahed in his remarks on the occasion. “Thanks to this important event, Tunisia wants to reposition itself on the global investment scene,” he said, reaffirming the government’s commitment to supporting Tunisian and…