Tag: Economy

Tunisia to offer $50 billion of projects to foreign investors

BGMN

– Tunisia will offer foreign investors and financiers participation in $50 billion of projects as it seeks to create jobs to maintain political stability, the country’s investment minister said. The projects range from construction of a new deep-water port at Enfidha in northern Tunisia to desalination plants and energy-generating projects. They will be announced at an international investment conference late this month. Investors from 70 countries are expected to come to Tunisia for the conference, Fadhel Abdelkefi, Minister of Development, Investment and International Cooperation, said in an interview at the…

UTICA to finalise its international action strategy by end of 2016

BGMN

(TAP) – The Tunisian Confederation of Industry, Trade and Handicrafts (UTICA) should finalise its international action strategy by the end of 2016, to market the Tunisian product and boost exports as a way to energise the national economy, UTICA said in a press release on Wednesday. It was agreed during a meeting held Wednesday between UTICA President Wided Bouchamaoui and heads of Tunisian foreign business councils to hold regular meetings between the two sides, twice a year, to monitor and assess the work of the different sides on the international…

AfDB: strategy for youth employment in Africa aims to create 25 million jobs over 10 years (2016-2025)

BGMN

(TAP) – The Job for Youth in Africa Strategy (SEJA) implemented by the African Development Bank (AfDB) aims to create 25 million jobs over 10 years (2016-2025) and reach 50 million youth indirectly, said on Monday Sunita Pitamber, Director of Human Development within the AfDB, at the Ministerial Conference of North Africa, held in Gammarth. The objective of this conference is to discuss with the ministers concerned with youth employment in the North Africa countries the fast actions that can undertake the AfDB with the concerned authorities to find jobs…

Foreign investments edge down 19.4% compared to 2015 (FIPA)

BGMN

(TAP) – The foreign investments flow reached 1,423.2 million dinars (MTD) in the first nine months of 2016, that is down by 19.4% compared to the same period in 2015 (1,765.6 MTD), with a drop by 49.1% in services, according to the statistics published by the Foreign Investment Promotion Agency (FIPA). These investments are share out between 1,379 MTD of foreign direct investments (FDI) (-2.1% compared to 2015) and 44,2 MTD of investments in portfolio (-87.6% compared to 2015). It appears from the analysis of the sector distribution of FDI…

“Crédit Agricole” expects growth rate in Tunisia to reach 2.2% in 2017

BGMN

(TAP) – “Crédit Agricole”, the French full-service banking group, Friday predicted Tunisia’s growth rate will rise to 2.2% in 2017 and 1.6% in 2016 up from 0.8% in 2015. Inflation is projected to stand at 4.4% during the current year and 4.2% in 2017 against 4.9% in 2015, Crédit Agricole said in its weekly newsletter on emerging countries. The current account deficit is expected to hover around -8.5% of the GDP in 2016 and -7.5% in 2017 in comparison with -9.4% in 2015.