Year: 2020

Tunisia has lowest production costs for several industries (FIPA)

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A report issued by FIPA this month has shown that production costs in information technology, gas for industrial purposes, electric energy, and utilities for the auto industry are lower than in six other countries. The periodical report “Production factor costs in Tunisia,” issued this month by Tunisia’s Foreign Investment Promotion Agency (FiIPA), shows that production costs for information technology, gas for industrial purposes, electricity and auto industry utilities remain lower than in six other nearby countries. The report considers the basic costs of starting a business and of manufacturing in Tunisia…

“No to Demolition”, virtual artistic campaign to safeguard Tunis-based Hotel du Lac

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Visual artist Mouna Jemal Siala launched a “No to demolition” virtual awareness campaign against the demolition of the building of the Hotel du Lac in Tunis. In this campaign launched on the Net, artist Mouna and interior decorator Manna Jemal launch a message to raise awareness to save this historic building. This message is translated by images where a topographical inscription in Arabic letters is inlaid, visible and readable on the whole facade of the building. The monumental size of the letters is there to show the importance and scope…

Tunisia, Sudan, and Mauritania join Arab Union for International Exhibitions and Conferences

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The Arab Union for International Exhibitions and Conference, AUIEC, operating under the umbrella of the Council of Arab Economic Unity of the Arab League, announced that Tunisia, Sudan, and Mauritania have joined the Union, bringing the total number of member states to 15 countries, Emirates News Agency reports. The step reflects the important role the AUIEC plays as an incubator for the exhibitions and conferences industry in the Arab world. The step embodies the keenness of the Arab countries to strengthen the AUIEC’s status as a joint and integrated economic…

Africa’s renewable energy capacity is set for consecutive years of growth, exceeding 50 GW in 2025

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Africa’s installed capacity of renewable energy, which stood at 12.6 gigawatts (GW) in 2019, is set for consecutive years of growth, a Rystad Energy analysis shows. The continent’s capacity is forecast to reach 16.8 GW in 2020, add another 5.5 GW in 2021, and a further climb to 51.2 GW in 2025, led by growth in solar and wind projects in Egypt, Algeria, Tunisia, Morocco and Ethiopia. At present, South Africa leads the continent in terms of installed renewable energy capacity with 3.5 GW of wind, 2.4 GW of utility…

Tunisian startup Onboard raises $175,000 in funding

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Onboard, a Tunisian startup that transforms the customer support experience offered by manufacturers, using intelligent 3D manuals, has raised $175K from Kepple Africa Ventures. Tunisian software as a service (SaaS) startup Onboard has raised $175,000 in funding, from Kepple Africa Ventures and other individual investors. Founded in 2019 by Safwen Bouali, Cherif Redissi, and Amine Troudi, Onboard helps hardware/manufacturing companies transform their textual manuals to 3D immersive manuals, enabling them to offer instant customer support to their end clients. Since its inception, Onboard has raised a total of $250,000 from multiple accelerators,…

Improved raspberry varieties for Moroccan and Tunisian producers

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Global Plant Genetics has announced that it recently extended its raspberry representation contract with James Hutton Ltd. This means that the company is now able to exclusively offer three new raspberry varieties to growers based in Morocco and Tunisia, Fresh Plaza reports. These include the two primocane varieties Skye and Lewis as well as the low-chill floricane type Glen Mor. Jamie Petchell, co-owner of the company stated, ”We are looking forward to moving these genetics into north Africa. Both Morocco and Tunisia have excellent environments for the production of raspberries…

‘The Man Who Sold His Skin’ to Represent Tunisia in International Oscar Race

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Kaouther Ben Hania’s “The Man Who Sold His Skin” will represent Tunisia in the Oscar race for best international feature film. The movie world premiered at Venice where it won the best actor award for Yahya Mahayni. The film went on to have its Middle East premiere at Egypt’s El Gouna Film Festival, where it scooped the best Arab film nod. Represented in international markets by Paris-based Bac Films International, the film stars Mahayni as a Syrian man who accepts to have a large Schengen visa, the document he desperately needs to enter…

VERMEG launches Colline.Cloud to help small and medium sized firms meet new Uncleared Margin Rules (UMR) deadline

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12-month delay in the implementation of final phases of the global regulations for UMR gives smaller buy and sell-side firms a critical window in which to find strategic solutions to avoid non-compliance with the regulations Colline.Cloud provides a cloud-based platform to meet UMR guidelines and is automated and adaptable, with rapid onboarding VERMEG, the leading banking and insurance software solutions provider, has today launched Colline.Cloud, a highly cost-efficient end-to-end collateral management service, aimed at smaller buy and sell-side firms. The launch comes as the global regulations for uncleared derivatives (UMR)…

Legatum Institute’s Prosperity Index: Tunisia ranks 96th in 2020 edition

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Tunisia is 99th in the overall Prosperity Index rankings. Since 2010, Tunisia has moved down the rankings table by 30 places. Tunisia performs most strongly in Governance and Living Conditions but is weakest in Social Capital. The biggest improvement compared to a decade ago came in Personal Freedom. Tunisia was ranked 96th in the 2020 edition of the Legatum Institute’s Prosperity Index, after Morocco which ranked first and ahead Algeria (108th), Libya (149th) and Mauritania (154th) in North Africa Released this month, the report, which assesses levels of prosperity in…

Tunisian fruit and vegetables to resume feed Libyan markets

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The border post between Tunisia and Libya reopened last Saturday to let vehicles and pedestrians pass through since its closure in mid-March due to the pandemic. Besides, flights between the two countries resumed on Sunday that aired a breath of fresh air for Tunisia hit hard by a serious economic crisis. The lifting of the barriers in Ras Jedir will allow Tunisian fruit and vegetables to once again feed the stalls of Libyan markets which is considered a vital outlet for agricultural producers. Trade between the two countries, which was…