Friday, July 19, 2019

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    The inflation rate will reach 4.2% at the end of 2015, against 5.7% at the beginning of the current year, “said Trade Minister Ridha Lahouel.
    Speaking to TAP news agency, on the start of the national campaign for economic and sanitary control, he added that the inflation rate reached about 4.1% in the first 22 days of December 2015.
    Lahouel pointed, in this context, to the efforts of the government to put pressure on prices of some products, saying red meat prices are still relatively high.
    He insisted that the resort to the import of red meat is essentially meant to regulate prices in the local market and not to compete with Tunisian producers.

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      President Beji Caid Essebsi expressed Wednesday in Riyadh Tunisia’s commitment to provide an environment conducive to business and resolve the difficulties faced by Saudi investors and businessmen.
      Caid Essebsi, whose official visit to Saudi Arabia ended on Wednesday, stressed that the Tunisian government has already taken an important step in supporting private investment, through the adoption of a Public/Private Partnership Act.
      Pending approval of the draft investment code, “Tunisia remains ready to welcome Saudi investors in particular and Arab investors in general,” said the Head of State who was speaking at a meeting with Saudi businessmen held at the headquarters of the council of Saudi chambers.
      He, on this occasion, stressed the significant investment opportunities in Tunisia, a country that has qualified human resources, adding that stability has returned to regions.
      Caid Essebsi reiterated “his personal commitment to reducing the difficulties facing Saudi investors in Tunisia.”
      He added that “Tunisia aspires to get out of the situation of economic stagnation through regional cooperation and fostering partnerships in various growth sectors.”
      “Joint action and strengthening of inter-Arab cooperation are the best ways to address all the common political and economic obstacles,” said the head of state.
      Caid Essebsi also stressed the need to increase trade between Tunisia and Saudi Arabia.

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        The occupancy rates of hotels in the governorate of Tozeur will reach 100% until December 31, Mohamed Sayem, regional tourism delegate in the southwest said on Wednesday, December 23, 2015.
        The official added that 99% of this rate comes from domestic tourism, reports Mosaique Fm.
        Many hotel units in Tunisia have been forced to close following the terrorist attacks in Bardo and Sousse.

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          The Dubai-based Abraaj Group, a leading investor in emerging markets, and a partner, Proparco, have sold their 83 percent stake in Tunisia’s second-largest pharmaceuticals company Unimed ahead of a planned stock market listing next year, the private equity firm announced Tuesday.
          Abraaj and French development agency Proparco have sold part of their holdings to a consortium of investors including Washington-based SQM, Blakeney Asset Management and the Tunisian-Kuwaiti Consortium of Development.
          Neither the price nor the size of the retained stake were disclosed by Abraaj, but the firm’s statement said the partial exit is a step towards the listing of Unimed on the Tunis stock exchange in the first half of 2016.

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            Tunisia’s foreign currency reserves stood at 12.839 billion TD as of December 18, 2015, representing 115 days of import, according to figures posted on the website of the Central Bank of Tunisia (BCT).
            At the end of last October, foreign currency net assets reached 12.966 MTD or 117 days of imports. In a half month, the reserves lost by volume of currency and won in term of import days. Yet, they are at their lowest level since the beginning of the year.
            These assets were 13.173 billion TD on January 26, 2015.

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              Two loan agreements, amounting to 659 million Tunisian dinars (MTD) to co-finance the project of the power generation station in Mornaguia, south west of Tunis, was signed Tuesday by Tunisia and Saudi Arabia, on the occasion of the official visit by the President Beji Caid Essebsi to Saudi Arabia from December 22 to 26, 2015.
              The overall cost of Mornaguia plant construction project is estimated at 745 MTD. Its objective is to cope with increased demand for electricity in Tunisia, particularly during peak periods of consumption.
              The first loan agreement in the amount of 259 MTD was signed with the Saudi Fund for Development and the Ministry of Finance of Saudi Arabia, Slim Chaker, Finance Minister, who is accompanying the Head of State in his visit to Riyadh, told TAP news agency.
              The second loan of 400 MTD was signed by the Tunisian Minister of Finance and the representative of the Islamic Development Bank (IDB).

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                The European Commission adopted the second part of its assistance package for to Tunisia. It aims to support the country’s socio-economic reforms and its tourism sector for a total amount of € 70 million. This support is funded under the European Neighborhood Instrument in the framework of the European Neighborhood Policy.
                This program aims to accompany socio-economic reforms and to maintain short and medium-term economic stability.
                In particular, it should enhance the effectiveness and the quality of public spending; especially important in the current tight budgetary and economic climate. To achieve this, the program will support actions that will specifically contribute to the implementation of the new “Organic Budget Law” and the introduction of measures to accompany public finance reforms.
                It will further promote capacity-building in the main institutions involved in public-finance management (audit authority and finance ministry), including knowledge sharing with the support of European experts.
                In addition, in response to the terrorist attacks which severely affected the tourism sector, the program foresees specific measures in support of this key pillar of Tunisia’s economy.
                It will foster the implementation of emergency measures for the tourism sector, notably through a reduction in financial burdens stemming from taxes and social security contributions.

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                  The National Health Insurance Fund (CNAM) drew up a positive balance sheet for the year 2015 with a turnover of 100 million dinars, Minister of Social Affairs, Ahmed Ammar Youmbai said on Monday.
                  He added, at a signing ceremony of a partnership agreement with the Tunisian League for the Defense of Human Rights (LTDH), that the budget surplus achieved this year is the result of good governance policy followed by the fund.
                  According to Youmbai, the good governance policy adopted by his department in the implementation of its strategies and programs has enabled it to stand out and get encouragement certificates.

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                    The value of foreign investment reached 2,024.8 million Tunisian dinars (MTD) through November 2015, up 17% compared to 2014.
                    FDI (foreign direct investment without portfolio investment) recorded an increase of about 5.3% compared to 2014. These were down 0.6% in 2013, according to the Ministry of Development, Investment and International Cooperation.
                    These investments are spread across the sectors of energy (56%), manufacturing (28%), services (15%) and agriculture (1%).
                    Investments in the energy sector posted a growth of 12.7% compared with 2014 and a decrease of 4.1% compared to 2013.
                    As for investment in agriculture, a rise by 50.5% was recorded until the end of November 2015 compared to the same period in 2014. However, these investments are down 17.9% from 2013.

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                      Qatar is the Arab country that has invested the most in Tunisia during the first 10 months of the current year, according to the Arab Investment & Export Credit Guarantee Corporation (Dhaman).
                      It comes in 2nd place on the list of foreign countries and the first in the Arab world, with investments of about USD 45.5 million, or 13% of the overall foreign direct investment (FDI).
                      It is followed by the United Arab Emirates with USD 17.47 million. On this register, Libya is in the 3rd place with USD 6.87 million in the order ahead of Jordan, Saudi Arabia and Bahrain.
                      In terms of countries hosting inter-Arab investments, Dhaman states in its report on the investment climate in 2015 that Tunisia occupies the 8th place with 21.6 billion dollars.

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                      African Health Ministers have pledged to implement key strategies for ending cholera outbreaks in the African region by 2030. Forty-seven African countries adopted the Regional...