The food trade balance recorded a surplus of 174.4 MD in January 2025, compared with a surplus of 469.2 MD in the same month of the previous year, resulting in a coverage rate of 125.0% at the end of January 2025, compared with 192.8% at the end of January 2024, according to ONAGRI data. In terms of value, food exports fell by 10.6%, while imports rose by 37.9%, as a result of lower exports of olive oil (-14.7%), dates (-2.7%) and fish products (-54.4%), and higher imports of sugar (+65.1%)…
Category: business
Tunisia sees slight growth of 1.4% in 2024
The Tunisian economy showed signs of resilience in 2024, with sustained growth in Q4. In a quarterly report published Saturday, February 15, by the National Institute of Statistics (INS), according to the national accounts, the seasonally-adjusted Gross Domestic Product (GDP) recorded an upward trend of 2.4% compared with the same period of the previous year. Compared with Q3 2024, quarterly growth was 0.9%, reflecting positive economic momentum. Over the year as a whole, the Tunisian economy grew by 1.4%, a result that testifies to a slight recovery despite the challenges…
Libya and Tunisia to formulate clear vision for transit trade into African markets
Libya and Tunisia stressed the importance of formulating a clear vision for developing transit trade between Tunisia and Libya, and from there to sub-Saharan African markets, in a way that contributes to strengthening regional economic cooperation, LibyaHerald reports. This came during a meeting between the Tripoli based Minister of Economy and Trade, Mohamed Al-Hwej, met with his Tunisian counterpart, Minister of Trade and Export Development Samir Obaid. The meeting came on the sidelines of the Economic and Social Council meeting at the level of Arab ministers held in Cairo last…
IsDB and IMF Strengthen Collaboration on Economic Resilience and Islamic Finance
President of Islamic Development Bank (IsDB), H.E. Dr. Muhammad Al Jasser Friday hosted Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), and her delegation at IsDB Headquarters in Jeddah for high-level bilateral talks on economic resilience, sustainable development, and global financial stability. The visit marks a historic milestone in IsDB-IMF cooperation, as it is the first time an IMF Managing Director has visited IsDB HQ. Discussions focused on enhancing coordination on member countries’ economic priorities, strengthening collaboration, and advancing solutions for post-conflict and vulnerable economies. President Al Jasser,…
Tunisie Telecom joins Medusa submarine cable system
Photo credit Tunisie Telecom Tunisie Telecom has signed a strategic partnership agreement with the Medusa subsea cable system. The 8,700km Medusa cable will have 17 landing points across Algeria, Cyprus, Egypt, France, Greece, Italy, Libya, Morocco, Portugal, Spain, and Tunisia when launched in early 2026. The agreement covers the supply and operation of a dedicated fiber optic link between Bizerte in Northern Tunisia and Marseille in France, with a capacity of 20Tbps. “We are particularly proud to take part in the trans-Mediterranean digital connectivity project. By connecting our fiber optic…
Tunisia to launch 5G services by mid-February
Tunisie Télécom, Ooredoo Tunisie and Orange Tunisie have fulfilled all the technical and administrative requirements and will start marketing around Valentine’s day Late last month, The Ministry of Communication Technologies approved 5G licences for Tunisie Télécom, Ooredoo Tunisie and Orange Tunisie, and operators are not holding back on the launch given the potential demand in the country. Tunisia has one of the highest mobile subscriber rates in Africa, with around 16.2 million lines, and according to one of the few websites the US government has not yet torn down, more…
French company Avialys plans to set up an AI research centre and laboratory in Tunisia
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 opens new offices in Sousse
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…
Tunisia aims to become the world’s top destination for seawater therapy
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…
8th session of International Conference on Financing Investment and Trade in Africa
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…