Month: March 2025

Net insurance premiums for insurance companies in Tunisia reached TND3.82bn ($1.24bn) in 2024, up from TND3.45bn in the previous year, a 10.8% increase, according to preliminary figures released by the General Insurance Committee (CGA), the insurance sector’s regulatory authority. Life insurance business in 2024 witnessed the fastest growth as the size of its operations reached TND1.15bn against TND955m in the past year, a jump of 20.1%. The life branch commanded a share of 30% of the market premium volume in 2024, up from 27.7% in 2023. TunisianMonitorOnline (NejiMed)

PhosCo (ASX: PHO) has received a key approval, commenced a $5 million capital raising and finalised global financing support to move its Gasaat phosphate project in Tunisia towards commercialisation. The company’s receipt of an exploration permit enables it to immediately commence its planned major resource drilling program at Gasaat. It follows the company signing a Memorandum of Understanding (MoU) last year with the government of Tunisia and the European Bank for Reconstruction and Development (EBRD) in a first-of-its-kind deal for Tunisia, smallcaps reports. The new drilling will test the upside identified at Gasaat,…

Tunisia has approved an investment plan of nearly 525 million Tunisian dinars ($165 million) for the expansion of its phosphate production by almost five times by 2030, a newspaper reported on Monday. The five-year plan, which will start in 2025, will increase the production of phosphate by 1.5 million tonnes a year to almost 8.5 million tonnes by 2030, the newspaper said. “The plan was prompted by a sharp recovery in the phosphate industry last year after a steady decline in previous years,” it said. It Abdelkader Amaïdi, general manager…

The total filling level of dams in Tunisia stood at 35.7% on 7 March 2024. the latest data published on Friday by the National Observatory of Agriculture (ONAGRI) revealed. At 840 million cubic metres (m³), water reserves in these plants remained relatively stable compared to the same period last year. However, compared to the average recorded over the past three years, there has been a slight decline of 4.6%.  It is important to note that the fill rate varies significantly across regions. Dams in the north of the country have…

Photo credit UN-Habitat UN-Habitat has launched a pioneering waste-to-energy project in Tunisia, converting landfill biogas into clean electricity. The initiative, implemented at the Oued Laya controlled landfill, marks a significant step in addressing the country’s waste management and energy challenges. Tunisia has been facing a growing waste management crisis, with accumulating waste since 2022 deteriorating air and water quality. Landfill emissions, particularly biomethane, pose severe environmental and health risks. At the same time, Tunisia imports nearly 60 per cent of its electricity, underscoring the need for alternative energy sources. The…

The National Statistics Institute (INS) announced on Wednesday that inflation slowed to 5.7% in February from 6% in January. INS attributed the decline to slower price increases in several key categories. In February 2025, food prices rose by 7%. This compares to 7.1% in January 2025. Similarly, clothing and footwear prices rose by 8.6% (down from 9.7% in January), health services by 4% (down from 9.1%), and housing and household energy by 3.8% (down from 4.1%). The Institute explained that significant increases in the prices of lamb (21.4%), fresh vegetables…

unisia aims to quintuple phosphate production to 14 million tons by 2030, the government said on Wednesday, part of a plan to revive the vital sector to help revive Tunisia’s ailing public finances. Tunisia was once one of the world’s biggest producers of phosphate minerals, which are used in the manufacture of fertilizers, but its market share fell after the 2011 revolution. Since then, localized protests and strikes have steadily reduced production, causing billions of dollars in losses. Tunisia’s phosphate production is now less than 3 million tons per year,…