Day: October 9, 2024

The European Union and the Italian Agency for Development Cooperation (AICS) are supporting a greener and more resilient economy in Tunisia. To this end, the Tunisian Banking and Finance Council (CBF) and the AICS yesterday signed a memorandum of understanding aimed at boosting private investment in sustainable agriculture, fisheries and aquaculture in the North African country under the EU’s Adapt programme. This partnership – the EU delegation said in a note – implements the recommendations of the 18 January meeting between the two parties and marks an important step in…

Tunisian banks’ credit profiles have been resilient to very challenging business conditions. Rising interest rates have slightly supported the sector’s profitability, as most corporate loans (around 70% of sector loans) are floating-rate, while low-cost current accounts and – to a lesser extent – savings accounts make up the bulk of banks’ funding, Fitch Ratings reports on Tuesday. The sector’s return on equity rose to 10.8% in 2023 (2022: 9.1%). Higher profitability and weak credit growth led to a slight improvement in regulatory capital ratios, with the sector’s total capital adequacy…

The GS1 MEMA (Middle East, Mediterranean and Africa) Regional Forum is being held from 7 to 9 October in Tunis, under the theme ‘Strengthening collaboration and innovation’, to present technical developments in product coding and its advantages. The forum is intended as a platform for entrepreneurs and experts representing 24 GS1 MEMA member countries to meet, according to Elyes Ben Amer, Director of the Société Tunisienne de Codification (GS1 Tunisia). He pointed out that the company, which was set up in 1992, has assisted and supported more than six thousand…