Sunday, September 22, 2019

African Manager


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    An international conference on the Five-Year Development Plan (2016/2020) will be held on June 2 and 3, 2016, Yassine Brahim, Minister of development, investment and international cooperation, announced Saturday.

    Speaking to reporters on the sidelines of the extraordinary session of the regional council of the governorate of Tunis , the minister said prominent international personalities, politicians, donors and foreign investors will take part in this conference which aims to raise funding for major national projects included in the plan.

    The meeting will, in addition, enable regional authorities to introduce preferential benefits offered by their regions and the skills and projects they abound with, he went on saying.

    He added that the conference will replace the Tunisia Investment Forum to be held in 2017.

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      The Tunisian Enterprise of Petroleum Activities (ETAP) signed, Friday in Tunis , a loan agreement with the French Development Agency (AFD) for an amount of $ 120 million ($ 1 = 2.024 dinars).

      The credit will finance Tataouine phase of the Nawara Project entitled “Tataouine Gas Project”, besides the flare gas recovery unit in the Bir Ben Tartar concession.

      In a statement released Friday, the Ministry of Industry, Energy and Mining stated that the project will support the ETAP approach to strengthen the social and economic impact of new gas fields in the Governorate of Tataouine.

      This is in addition to creating a local industry dynamics and to accompany the company in its approach to environmental protection and make small oil deposits more profitable through the recovery of associated flare gas.

      The first component of the project includes the financing of gas transport infrastructure and treatment through the construction of a 94-km-long pipeline with a gas treatment unit in Tataouine followed by a bottling unit of the produced LPG.

      The second component of the project includes funding infrastructure for the treatment of associated gas through the construction of a small gas processing unit at Bir Ben Tartar followed by a power generation unit and the power line to connect to the main national electricity network (STEG).
      According to the Ministry, this funding will contribute to the commissioning of new gas fields and the recovery of associated gas from small fields.

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        The government will soon launch the third Export Development Project (EDP III) which is part of the Competitiveness and Export Development Support Fund “TASDIR +”.

        The project, which is spread over a five-year period, is funded in part by the International Bank for Reconstruction and Development (IBRD) in the amount of $ 50 million.

        It aims to increase and diversify exports of Tunisian goods and services companies, the Export Promotion Centre (CEPEX) said in a statement.

        It also aims to support public action in improving the business environment and facilitating economic growth driven by exports, directly support private sector companies seeking export and sustain support for Tunisian exporters by ensuring synergy between various project stakeholders (CEPEX, COTUNACE, customs, STAM, INNORPI and ministries).

        CEPEX said that in this regard, an information day will be held, Tuesday, December 22, 2015 at its headquarters with the participation of various organizations and professional structures and other private structures.

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          The volume of private investment approved by the Agency for the Promotion of Agricultural Investment (APIA) (Category B, i.e. worth over 60 thousand dinars) and Category C (worth more than 225 thousand dinars), have reached 480.9 million Tunisian dinars (MTD) until end November, 2015 against 467.4 MTD in the same period in 2014, up 2.8%.

          According to APIA statistics, investment in the sector of integrated processing went up 393% until November 2015 to 40.5 MTD from 8.2 MTD in the same period in 2014.

          In the fisheries sector, investment has increased by 22.8% from 24.6 MTD in 2014 to 30.2 MTD in 2015, thanks to the efforts made for the upgrade of fishing units in Bizerte, Monastir, Sfax, Mahdia and Medenine.

          APIA has approved 11 investment projects with foreign shareholding with a value of 14.2 MTD that have generated 226 permanent jobs, according to the agency.

          However, APIA statistics showed that investment of agricultural development and valorization companies (French: SMVDA) fell from 48.6% in 2014 to 14.1 MTD in 2015.

          Regarding investment of large farmers (over 1 MTD), APIA has approved 65 investment projects until the end of 2015, with a value of 176.8 MTD against 60 projects worth 197.6 MTD, carried out in poultry farming and aquaculture.

          Moreover, agricultural services co-operatives have seen their investment drop from 8.2 MTD in 2014 to 7.4 MTD in 2015.

          However, investment made by new promoters have increased by 3.4% to 24 MTD at end November 2015, while the financing rate of agricultural investment by banks does not exceed 12.5% in 2015 against 14.3% in 2014.

          APIA statistics also show that the overall investment approved will help create 4,743 permanent jobs, including 293 for university graduates.

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            The Tunisia-Africa Business Council (TABC), created last October at the headquarters of the Union of Tunisian Small and Medium Industries, on Wednesday, opened an office in Sfax.

            A cooperation agreement between the Union and TABC was signed at the same time.

            It stipulates the exchange of expertise and information on the African market, support of members of both structures in their effort to develop transactions with African countries, facilitating trade among the members of both organizations and exchange of analysis and

            studies on African markets, besides making proposals to develop legislation facilitating inter-African economic partnership.

            Bassem Loukil, president of TABC said the business council, created to promote Tunisia as a site attractive to business, has decided to establish its first office in Sfax, given its “economic weight and its proximity to African markets.”

            He noted that the objective of this creation is to offer SMEs the ability to integrate into the African space and improve the success rate in capturing these markets.

            African markets offer, no doubt, great opportunities for partnership and investment despite the difficulties and risks they present, which may explain the failure of companies in the conquest of those markets that remain for them, even unknown.

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              Orange Tunisia has recorded a faster growth than the other two operators in the country, Tunisie Telecom and Ooredoo during the past year, according to the National Telecommunications Authority.

              Orange had a share of 22.8 percent of subscribers in September, compared to 18.3 percent in September 2014. The share of subscribers of the market leader Ooredoo Tunisia dropped to 43 percent against 48.7 percent, while that of Tunisia Telecom rose 1.2 percentage points to 34.2 percent.

              Tunisia had 14.52 million mobile customers in September, for a penetration rate of 129.7 percent. The market grew by 61,800 subscribers from August.

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                The Tunisian National Tourist Office has launched a new advertising campaign in Germany under the slogan “Tunisia celebrates the Nobel Peace Prize. For a Vibrant Democracy.”

                The video spot has been posted to Facebook, Youtube and Twitter and appears on digital screens in various German cities.

                Users of digital services are invited to share the announcement under the hashtag #United_for_peace. In addition, a separate image campaign ‘True Tunisia, showing the 15-day trip of a Belgian tourist, Deborah, in a fascinating journey through the country, is underway on various digital media.

                Tunisian tourism has suffered this year after two attacks at Bardo Museum and in Sousse that left dozens dead among foreign visitors.

                Bookings have fallen and many hotels have closed, leaving many employees out of work. But this year’s Nobel Peace Prize awarded to the National Dialogue Quartet is a sign of hope for the country.

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                  The sale of confiscated asset s has generated revenues of 52 million Tunisian dinars (MTD) in 2015, Finance Minister Slim Chaker told ShemsFM on Tuesday, December 15, 2015, adding that this amount will increase to 200 million dinars in 2016.

                  The Minister also said among the confiscated property, there are 539 properties of which 35 are only available to the Ministry of Finance.

                   Regarding other confiscated property, Slim Chaker said most are put under court sequestration or receivership.

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                    The Tunisian Social Observatory noted, at its latest report published Wednesday, December 16, 2015, a significant decline in citizen protests in November, 2015 compared with October.

                     Indeed, 390 movements were recorded during the month of November 2015, against 910 in October 2015. This was due to the decline in protest movements in the education sector.

                     Collective protests have significantly decreased from 860 in October 2015 to 349 collective movements in November 2015. Individual protests, which include suicide, attempted suicide and other types of movements, fell in number from 50 acts to 41 in November 2015.

                     The 24 governorates of the Republic of Tunisia have seen a noticeable decline in protests, both collective and individual. The governorate of Tunis remains the main place of protest with 47 movements in November 2015.

                     The governorates of Kairouan and Sidi Bouzid have exceeded the threshold of 30 citizen protests or more than one protest by day. The governorate of Ben Arous has been relatively calm during the month of November 2015.

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                      International credit ratings agency Capital Intelligence (CI), said, Wednesday, it has affirmed the financial strength ratings of “Banque de Tunisie” (BT) to BB + ‘, supported by strong capital adequacy and very good profitability. The rating is however constrained by tight liquidity, high levels of non-performing loans and only adequate coverage. The outlook for the financial strength rating remains stable.

                       The long-term rating of foreign currency has been changed from ‘BB +’ to ‘BB’, reflecting internal evaluation constrained by sovereign risk factors in Tunisia.

                       The short-term rating of foreign currency is maintained at ‘B’. The outlook for foreign currency ratings changes from “negative” to “stable”. The operating environment remains very difficult in Tunisia, with a fairly distant stronger recovery. The Support Rating is affirmed at ‘3’.

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