Category: business

Photo Credit FIPA Eddy Taieb, Chairman of Avialys, a French company specialising in information technology, cybersecurity, computing and telecommunications, paid a fact-finding visit to Tunisia on January 30 and 31, 2025, to look into the possibility of setting up a research and development centre dedicated to Artificial Intelligence (AI) and cybersecurity, as well as an AI laboratory in Tunisia, according to the Foreign Investment Promotion Agency (FIPA Tunisia). Mr Taieb was received on January 31, 2025 by FIPA’s Director General, Jalel Tebib, at the agency’s headquarters. On this occasion, Mr…

TUI Group (International Tour Operator) has just opened, at the end of January 2025, its new “Tunisia Global Business Services” offices in Sousse, marking “an important step in the development of its activities in Tunisia”, reported the Foreign Investment Promotion Agency, FIPA-Tunisia. “This strategic project positions the city of Sousse as a key regional hub for TUI’s travel services, reinforcing, thus, Tunisia’s role in the group’s international network”. With the opening of its new offices in Sousse, TUI, the world leader in tourism and travel, confirms “its ambition to develop…

Hasdrubal Thalassa & Spa Yasmine Hammamet Tunisia has become the world’s second largest destination for seawater treatments, known as thalassotherapy, thanks to its Mediterranean coastline, natural thermal springs, mild weather and affordability. Historically, one of Tunisia’s hot spots for the therapy, which uses seawater and other marine resources, is Korbous, a coastal town on the Cap Bon peninsula. Thalassotherapy is an “ancestral heritage” for Tunisians, “since hydrotherapy has existed in Tunisia since antiquity, at the time of the Carthaginians and the Romans,” Shahnez Guizani, the head of the National Office…

Over 100 exhibitors and more than 150 speakers from 70 countries expected to participate President of the Tunisian-African Business Council, Anis Jaziri, confirmed that the 8th edition of the International Conference on Financing Investment and Trade in Africa (May 6-7, 2025) will be distinguished by all standards. // More than 100 exhibitors, more than 150 speakers, 30 sessions, workshops and parallel activities The session, which is held under the theme “Driving Africa’s Transformation,” is expected to be attended by more than 100 exhibitors and more than 100 representatives of international…

President of the Tunisian-African Business Council Anis Jaziri emphasised that logistics issues and exchange and financing laws are the biggest obstacles for Tunisian investors and businessmen to access the African market. // Logistics, exchange regulations, financing…the biggest obstacles Jaziri explained on Saturday at the opening of the regular plenary session of the Council that the absence of direct Tunisian airlines within African countries, unfortunately, disrupts the interests of Tunisians in the African market, compared to other airlines that have direct links to almost all African capitals. In contrast, Tunisair has…

Tunisia needs to encourage investment in waste-to-energy projects to tackle a massive power supply gap of nearly 60 %, an energy official said on Wednesday. Incentives for such projects include the purchase of their production by the state-owned Tunisian Electricity and Gas Company, said Wael Chouchane, secretary of state for energy transition at the Ministry of Industry, Mines and Energy. Chouchane told the media at a local seminar on Tuesday that bio-gas should be one of the main sources to tackle the power shortage. Tunisia should also slash electricity imports,…

The Tunisian banking sector has sufficient liquidity to help meet the sovereign’s financing needs in 2025 due to healthy deposit inflow (+6% yoy in 8M24) and sluggish private-sector credit growth (+1.5% yoy in 8M24), Fitch Ratings says. We expect banks’ claims on the sovereign (excluding deposits at the central bank) to increase further this year, following a 9% yoy increase in 8M24 driven by loans to the Ministry of Finance (MOF). Fitch expects Tunisia (CCC+) to secure TND4.8 billion (or USD1.5 billion) in external funding in 2025; this is equivalent to 2.8%…

The 1st phase of the “Digital Tunisia” initiative, dedicated to agritech, has been officially launched. As part of this first phase, 5 innovative Tunisian companies will be selected and given specific support to establish themselves in the Senegalese market. A tailor-made package will be offered, including training, strategic advice and technical assistance for internationalization. Following this, a prospecting mission is scheduled for May 2025, during which these companies can establish contacts with local partners. The program’s second phase will focus on the healthtech and edtech sectors. Six Tunisian companies operating…

PhosCo Ltd has achieved significant progress with the approval of its Gassaat Phosphate Project in Tunisia, which is now fully owned by the company. The company has also signed a historic MoU with the Tunisian Government and the European Bank for Reconstruction & Development to collaborate on the development of Tunisia’s Northern Phosphate Basin, TipRanks Magazine reports. With a major drilling program set to commence, PhosCo aims to increase its phosphate inventory and production rate, aligning with the growing global demand for phosphate fertilizer. This strategic advancement positions PhosCo as…

The Islamic Development Bank (IsDB) Group has announced a bold pledge of USD 4.65 billion to support the Mission 300 initiative, joining forces with the World Bank Group, African Development Bank (AfDB), and other key partners. This commitment underscores IsDB’s dedication to bridging Africa’s energy gap and accelerating socio-economic development. Mission 300, led by the World Bank and the AfDB, aims to provide electricity access to 300 million people across Africa by 2030. During a high-level panel discussion titled “The Role of International Partners in the Acceleration of Energy Transformation,” held at…