Month: October 2024

Tunisia: AICS launches Mednet for One Health project

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Credit goes to ANSA The headquarters of the Italian Development Cooperation Agency (AICS) in Tunis hosted the launch of the Mednet Mediterranean Network for One Health, a project funded by the Italian Development Cooperation Agency (AICS) and implemented by the Istituto Zooprofilattico Sperimentale dell’Abruzzo e del Molise (IZS Teramo) in coordination with the Tunisian Ministry of Health and the World Health Organization (WHO) Tunisia, ANSA reports. “The One Health approach is at the heart of Italy’s strategy to respond effectively to health emergencies,” said the Italian Ambassador to Tunisia, Alessandro…

FIPA and TIA listen to investors to boost Tunisia’s textile sector

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Credit goes to entreprises-magazine The Foreign Investment Agencye (FIPA-Tunisia) and the Tunisian Investment Authority (TIA) took part, from October 17 to 19, 2024, in the 6th edition of Intertex Tunisia, the largest North African trade show dedicated to the textile industry.This joint presence of the two organizations is part of an approach aimed at strengthening dialogue with potential investors and providing them with relevant information to support their projects, underlines FIPA.Organized at the Foire Internationale de Sousse, the event brought together some 250 companies from 19 countries. The Tunisian textile…

Heavy rains fill dry lakes in the Sahara Desert

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A satellite image of ephemeral lakes and rivers along the border between Morocco and Algeria after heavy rains in early September. NASA An unusual cyclone in early September drenched much of Morocco, Algeria, Tunisia and Libya, filling dry lakes and rivers. New satellite images from NASA show the impact of the deluge. Some parts of North Africa received up to 8 inches of rain, as much as they typically receive in a year, with water flowing out of mountains and into ephemeral lakes like Sebkha el Melah in northern Algeria. As…

Tunisia seeks developers for 200 MW solar capacity

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Tunisia has launched a tender through its Ministry of Industry, Mines, and Energy to allocate 200 MW of solar photovoltaic (PV) capacity, renewablesnow reports. Interested developers can submit their proposals to the Central Registry Office of the ministry until January 31, 2025, the ministry said on Monday. Tunisia’s state-owned electricity and gas company, STEG, will purchase the full output of the solar power plant through a long-term power purchase agreement (PPA). An October 2024 ministerial decision regulates the tariffs, setting the purchase prices for electricity generated from solar photovoltaic energy…

Cairo International Film Festival Signs Cooperation Agreement with Sofitel El Gezirah

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Cairo International Film Festival signed a cooperation agreement with Sofitel El Gezirah Hotel in Cairo to be the official partner to host all stars and guests of festival during its 45th session, to be held from November 13 to 22. The agreement was signed by CIFF President, Actor Hussein Fahmy, and Mohamed Fawzy, Director of Sales and Marketing at Sofitel El Gezirah, with the attendance of hotel’s General Manager, Ahmed Shendweely. The partnership aims to offer exceptional hospitality services to both international and local film stars and filmmakers, ensuring a…

Promoting the Tunisian destination with celebrities from Belgium and the Netherlands

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A group of media, acting, sports and social media influencers from Belgium and the Netherlands are currently visiting Tunisia to promote Tunisia as a tourist destination to Belgian and Dutch citizens. The initiative, supported by Tunisie Telecom, Tunisair and the Tourist Office, is owned by Belgium-based Tunisian Montasser Nasfi, owner of the travel and events agency MN Travel & Events. The group, which will visit Tunisia from October 13 to 18, includes eight prominent media personalities (TV and radio), sports journalists and social media influencers with thousands of viewers and…

Tunisia is over-consuming natural resources and borrowing from future generations

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Climate change threatens the WANA region with thirst The world today needs 1.7 planets, which means it consumes more natural resources than it produces Tunisia is among the countries that have less biological consumption capacity than local production, making it indebted to future generations and usurping its right to the planet’s ecological reserves, according to international studies in this field. In doing so, they borrow the natural resources that ensure a decent and balanced life from future generations.Princess Basma Bint Ali, chairperson of the board of trustees of the Hashemite…

Tunisia-Italy: EU and Aics support a greener, more resilient economy

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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: High Operating Environment Risks Constrain Growth and Profitability (Fitch Ratings)

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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…

Tunisia hosts the GS1 MEMA Forum: QR codes mandatory by 2027

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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…