Month: March 2025

The Islamic Development Bank (IsDB) Board of Executive Directors approved over US$1.4 billion to significantly advance Sustainable Development Goals (SDGs) in 8 Member Countries during its 359th meeting convened on Sunday, 16 March 2025, under the chairmanship of H.E. Dr. Muhammad Al Jasser. The approved development projects will cover food security, health, education, transport, sanitation, and urban development sectors, contributing towards the attainment of the Sustainable Development Goals. The approvals include EUR500 million in financing for the “Disaster-Resilient Health Infrastructure Development Project” in Türkiye. This initiative aims to address the…

The outlook for the Tunisian banking system has been upgraded from negative to stable, according to a new rating by Moody’s, as reported by the Tunisian press on Thursday. “This outlook is based on the government’s demonstrated ability to meet its debt repayment commitments and the reduced risk of a sovereign credit event,” Moody’s explained. On the other hand, it was cautious about the country’s economic context, particularly with regard to weak economic growth and fiscal and trade balances. “Weak economic growth, large fiscal and external imbalances, relatively high financial…

Tunisia invests more and more in the olive oil sector and launches new measures for increasingly promote exports of the oil product which in the campaign just ended reached the 340 thousand tons. The Olive oil sector is increasingly assuming a role of primary importance in the agri-food sector of the North African country and with respect to which, therefore, the attention of government authorities is continually growing. At a cabinet meeting held recently, a strategic study was announced on the development prospects of the olive oil sector in terms of production, processing, valorization…

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…