Sunday, August 25, 2019

AfricanManager

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The National Agency for Energy Management (ANME) and the “Agence Immobilière Industrielle” (AFI) signed, on Wednesday, August 21, a partnership agreement in the field of energy control.

The agreement essentially concerns several areas of common interest, such as the promotion of shared production and distribution in industrial zones, the encouragement of electricity production from renewable energies to cover the energy consumption of public lighting of industrial areas.

It also provides for optimizing the energy consumption of AFI buildings through the implementation of an energy efficiency action plan and the realization of an action of self-production of electricity starting from renewable energies

There is also talk of promoting communication and awareness in the field of renewable energy and energy efficiency.

It is recalled that ANME has recently launched several awareness campaigns for the benefit of the citizens, whose objective is to rationalize energy consumption.

A strategy for energy control… Yes but how?

The national strategy for energy management by 2030 was developed on the basis of the results of the national debate on the country’s energy policy organized between the end of 2013 and April 2014.

The objectives of this strategy are to improve energy independence by reducing the consumption of fossil fuels and diversifying the energy mix, reducing the energy bill, through lower public subsidies and industrial development of energy-saving technologies, the reduction of greenhouse gas emissions and the creation of jobs and the preservation of the standard of living of disadvantaged households.

The two main thrusts of the national strategy are the reduction of primary energy demand by 17% in 2020 and 34% in 2030 and the development of renewable energies. The energy savings that would be achieved in 2030 should reach 6.5 Mtoe.

By 2030, 30% of electric power should be produced from renewable energies. Correlatively to these two results, a 48% reduction of greenhouse gas emissions is eyed.

To achieve the objectives set, an action plan covering the period 2014-2020 has been drawn up. It is an investment program that takes place in three phases: actions launched before 2013, those relating to the period 2014-2016 and those of the period 2017-2020.

It is structured around actions relating to all sectors, and more specifically industry, the tertiary sector and construction and forecasts energy savings of 51%, 26% and 25%, respectively, by 2020.

Targeted actions concern audit and program contracts, cogeneration, efficient lighting (LBC, street lighting and LD lamps), efficient buildings and transport (…).

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    Tunisia’s international tourist receipts reached 3.16 billion dinars in August 10, 2019, against 2.2 billion at the same date last year, posting an increase of 971 million dinars (+ 44%) , according to data from the Central Bank of Tunisia (BCT).

    In contrast to the last two years, this growth is not due (largely) to the depreciation of the Tunisian dinar, since the exchange rate of the Tunisian dinar shows a clear improvement against the main foreign currencies namely the dollar and the euro since the beginning of the current year.

    Minister of Tourism René Trabelsi had indicated that the number of foreign tourists visiting Tunisia will exceed 9 million this year, against 8.3 million in 2018.

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      The Company of Pharmaceutical Industries of Tunisia, SIPHAT, has published its activity indicators for the 2nd quarter of 2019.

      At the end of last June, the company achieved a cumulative turnover of about 12.8 million dinars, against 16.7 million a year earlier, i.e. a decrease of 23%. This turnover in the first half represents 25% of the budgeted turnover.

      First-half export sales amounted to 222 thousand dinars, down 32% compared to the same period of 2018.

      The value of production fell from 16.1 million dinars in the first half of 2018 to 11.2 million at the end of last June, down 30%.

      As for debt, it went up from 34.7 million dinars at December 31, 2018 to 35.1 million in the first half of 2019, posting a slight rise of 1%.

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        The food trade balance recorded a deficit of 801.4 MD at the end of July 2019, against a surplus of 182.7 MD during the same period of the previous year.

        For the seventh consecutive month, the food balance ended in a deficit recording a coverage rate of 77.2% against 106.1% during the month of July 2018, according to data published by the National Observatory of Agriculture (ONAGRI).

        In terms of value, food exports fell by 14.1% while imports increased by 18%.

        This situation is the result of a sharp decline in exports of olive oil (-35.9% in volume and -41.1% in value) and a clear evolution in grain imports, whose share in food rose from 39.9% to 43.7%, following a year-on-year increase of 3.9% in volume and 29.5% in value.

        Grains, sugar and vegetable oils remain the main commodities imported with nearly 61.7% of the total value of total food imports.

        Exports of tomatoes and citrus fruits posted a remarkable increase in value, registering respectively 30.3% and 16.5%.

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          Tunisia’s foreign trade posted a 3.8% decline (at constant prices) in export until the end of July, 2019 and 6.2% in import, compared to the same period in 2018.

          In terms of value, trade grew 17.7% for exports and 20.4% for imports, according to data released by the National Institute of Statistics (INS) on Monday.

          In current values, they reached 26,703.4 million dinars (MD) in exports and 37,867.2 million in imports, posting a rise of 13.2% and 12.9%, respectively.

          Excluding energy: prices increase 17.7% for exports and 19.5% for imports

          During the first 7 months of 2019, Tunisia’s foreign trade excluding energy grew by 17.7% for exports and 19.5% for imports, compared to the first seven months of 2018.

          In fact, energy prices posted 18.5% increase for exports and 26.2% for imports, compared to the same period last year.

          At the end of July 2019, the country’s agricultural and agri-food exports dropped by 19.4%. The same applies to the exports of the mining and phosphate and derivatives sector, which fell 7.7%, the textiles, clothing and leather sector down 3.8% and the mechanical and electrical industries that went down 1.2%, while exports from the energy sector grew by 4.2%.

          Regarding imports, the volume trend was marked in the first seven months of 2019 by a decrease of around 8.9% in the sector of mechanical and electrical industries, 7.6% for the textile, clothing and leather sector and 1.6% for imports from the agriculture and agri-food sector.

          As for imports from the energy sector, they posted a slight increase of 0.9%.

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            At the end of the first half of 2019, Lotfi Abdennadher’s group Sotemail saw its revenues increase by just over 5 MD and its operating expenses by just over 3 MD and its net profit hits 1.016 MD, also up compared to the 0.203 MD in the same period in 2018.

            However, its Auditors draw attention to the state of its Russian subsidiary “LTD KIT”, created in 2015 to promote its exports in the Eurasian zone.

            The subsidiary, however, has experienced financial difficulties and is now at a standstill.

            They also draw attention to “the existence of bad loans for an amount of 1.526 MD, including the Russian subsidiary for 0.390 MD, a claim of 0.449 MD on a Libyan customer, another 0.344 MD on an Algerian customer and a last of 0.584 MD on a Jordanian customer.

            It should be noted at the end that Sotemail had benefited from a tax amnesty, on interest and late penalties, for a total of 0,404 MD, of which 241 thousand dinars relating to 2018 and 163 thousand dinars relating to previous years.

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              Seasonal tomato production increased by 43% until August 10, the Ministry of Agriculture, Water Resources and Fisheries said on Tuesday, adding that the area under cultivation has also grown 26%.

              Production stands at nearly 1.15 million tons, up from 920 thousand tons in the past season, according to preliminary estimates by the ministry.

              The areas dedicated to the cultivation of seasonal tomatoes reached 17500 hectares, including 1700 ha devoted to the tomato intended for drying, against 13,800 ha during the past season.

              The quantities of fresh tomatoes for processing are expected to reach 800 thousand tons, compared with 618 thousand tons in the previous season, or 125 thousand tons of double tomato concentrate, according to estimates.

              The tomato harvesting and processing season that began in mid-June 2019 is about to end in the governorates of Kairouan, Sidi Bouzid and Nabeul.

              In addition, it continues in the northwestern governorates (Beja, Jendouba, Kef and Kasserine).

              Seasonal tomato harvest progress reached nearly 80% nationally until August 14, 2019.

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                The Tunisian Beverage Manufacturing Company, SFBT, has just published its interim financial statements as of June 30, 2019 showing a net profit of 116.3 million dinars, compared with 110.9 million at the same date of the past year, up 5%.

                This profit was largely driven by investment income, which reached 69.5 million dinars in the first half of the year, i.e. the total investment income earned in 2018.

                The company’s accounts show a turnover of 290.6 million dinars, against 278 million a year earlier, up 12.6 million dinars compared to June 30, 2018.

                Operating expenses amounted to 233.3 million dinars, compared with 224 million last year, of which 173.9 million were consumed supply purchases and 19.5 million of personnel costs, recording a growth of 10.7 million dinars.

                In this respect, the operating profit amounted to 59.8 million dinars in the first half, compared to 56.6 million in the first six months of 2018, i.e. an increase of 5.6%.

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                  The Modern Ceramics Company “SOMOCER” has published its interim financial statements as of June 30, 2019 showing a net profit of 2.2 million dinars, compared to 1.8 million during the same period of the previous year, i.e. 22% increase.

                  At the end of the first six months of the year, the company achieved operating income of 45.4 million dinars, up 15% over last year, of which 28 million from the local market and 5.3 million from exports.

                  Operating expenses amounted to 39 million dinars, compared with 32 million at the end of June 2018, including 28.9 million procurement purchases and 6.4 million personnel costs.

                  For this purpose, the manufacturer of tiles, sandstone, bathtubs and atomized powder realized a surplus operating profit of 6.4 million dinars, against 7.3 million a year earlier.

                  In addition, the company’s net financial expenses continued to rise to 6.4 million dinars, compared with 5 million at the end of June 2018.

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                    Tourist arrivals in Tunisia posted an increase of 12.8% until August 10, compared to the same period last year to 5.438 million tourists, according to statistics provided by the Ministry of Tourism on Tuesday.

                    The rise is explained, essentially, by the recovery of European markets (up 18.8%, until the end of July), in particular, the British market (+110.3%), French (+18%), German (+ 6%) and Russian (+ 0.9%).

                    Similarly, the number of Maghreb tourists visiting Tunisia during the same period grew 12.4%, compared to the previous year. The Algerian and Libyan markets saw an increase of more than 15% and 26.3%, respectively.

                    As for tourism receipts, they have risen by more than 44.2%, until August 10, compared to the same period last year, to 3.16 million dinars.

                    As far as overall overnight stays are concerned, until the end of July 2019, they grew by 13.3%.

                    By region, as of July 31, 2018, the Yasmine Hammamet region is leading in overall overnight stays with an increase of 20.5%, followed by the Monastir-Skanes region (+ 19.6%) , Sousse (16.2%), Tunis-Côtes de Carthage (14.6%), Nabeul-Hammamet (+ 11.7%) and Djerba-Zarzis up 5.9%, compared to the same period of 2018.

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