Category: business

Producers from Tunisia, Morocco and Egypt overcame drought and heat to earn 16 awards at the 2025 NYIOOC World Olive Oil Competition. Producers in North Africa faced challenges in olive oil production due to labor shortages, high temperatures, and insufficient rainfall, but Tunisian, Moroccan, and Egyptian producers showcased resilience and adaptation at the 2025 NYIOOC World Olive Oil Competition. Despite these challenges, high-quality olive oil from Tunisia, Morocco, and Egypt received recognition and awards, highlighting the importance of sustainable practices and climate adaptation in olive oil production. The challenging conditions…

Construction is now well underway for the new $257 million bridge that will connect the Tunisian city of Bizerte. The majority of the work is being carried out by Chinese company, Sichuan Road and Bridge Group (SRBG), which has a $206 million contract for the project.  The new bridge will link Zarzouna and Menzel Abderrahmane in Bizerte, spanning the Bizerete Canal. SRBG is building the 2.1km bridge, featuring a steel deck and reinforced concrete construction, with 19 spans and providing 60m of clearance for vessels to pass underneath. The project is…

Foreign investment in Africa surged by 75% to reach an all-time high of $97 billion in 2024, bolstered by liberalization and facilitation efforts across the continent. The latest World Investment Report from UN Trade and Development (UNCTAD) highlights a significant rebound in foreign direct investment (FDI) inflows to Africa. In 2024, foreign investment in the continent shot up by 75% to reach $97 billion, representing 6% of global FDI, compared to a 4% share the year before. The surge was largely driven by an international project finance deal for urban development in…

The Compagnie tunisienne de navigation (CTN) has scheduled 149 crossings between June and September 2025 to facilitate the return of Tunisians living abroad during the summer season. These crossings break down as follows: 77 trips on the Tunis/Marseille (France) route and 72 on the Tunisia/Genoa (Italy) route, including 9 to the port of Zarzis. The “Carthage” and “Tanit” vessels will operate these routes. The “Tanit” docked at midday on Wednesday at the port of Marseille, in the south of France, from the port of La Goulette, marking the first return…

18 foreign-owned companies, among those that have succeeded in developing genuine footholds in Tunisia, were honoured on the occasion of the 30th anniversary of the Foreign Investment Promotion Agency (FIPA Tunisia), celebrated yesterday in Tunis. They are the German company DRAXLMAIER TUNISIA, established in Tunisia since 1974, the Belgian company ALSICO TUNISIA (1977), the German company LEONI TUNISIE (1977), the Belgian company DEMCO TEXTILE TUNISIE (1987), the Italian company OPALIA RECORDATI (1988), the Tunisian company COFICAB TUNISIE (1992), the German company MARQUARDT MECATRONIQUE TUNISIE (1997), the American company LEAR CORPORATION…

Foreign investments in Tunisia increased by more than 26 percent in 2024 compared to the figures recorded in 2023. An official in the Ministry of Development, Investment, and International Cooperation said in press remarks that the value of foreign direct investment (FDI) in Tunisia reached 3.2 billion dinars (approximately $1 billion) in 2024, an increase of 26 percent compared to 2023. The official added that the first quarter of this year saw FDI inflows around $250 million, a 25-percent increase year-over-year. The official expressed optimism about the future of foreign…

Despite global uncertainty, Gulf growth to accelerate on oil recovery, resilient sectors The Gulf economies are on track for a solid recovery in growth, with output forecast to rise from 3.2% in 2025 to 4.8% by 2027, according to the World Bank’s latest Global Economic Prospects: MENA Outlook released this month. This acceleration is expected to come from higher oil production, as countries begin phasing out voluntary output cuts, and continued strength in non-oil sectors like tourism, construction, and services—even as global demand for crude softens. The World Bank’s report…

The Organising Committee of the first Tunisia Sport Festival, to be held at the Kram Exhibition Centre from 6 to 9 November, will be bringing together more than 500 exhibitors and brands. The organisers are expecting around a hundred thousand visitors from Tunisia and elsewhere. At a press conference held in Tunis on Wednesday, the executive chairman of the event’s organising committee, Wassim Ben Hamadi, said that the Tunisia Sports Festival is a celebration of sport in all its forms (physical, digital, social, etc.). For him, this festival is a…

The 5th LAB INNOVA FOR TUNISIA STARTUP 2025 was inaugurated on 16 June 2025 in Tunis. The event is part of the LAB INNOVA FOR AFRICA LUCA ATTANASIO management training project, promoted by ICE Agence Tunis – Commercial Section of the Italian Embassy, in collaboration with the Business Training Office at the Rome headquarters. The programme was inaugurated by the Italian Ambassador to Tunisia, Alessandro Prunas, in the presence of the Minister of Technology and Communication, Sofiene Hemissi. This programme, launched in 2019, is dedicated to management training for African…

Mobile payments in Tunisia have experienced a remarkable surge, recording a sixfold increase in transactions during the first quarter of 2025. This significant growth is attributed to a strategic plan by the Central Bank of Tunisia (BCT) aimed at accelerating the digitalization of payments, reducing cash usage, and bolstering financial inclusion. Compared to the same period in 2024, the number of mobile payment transactions soared to two million operations. The total value processed during this period exceeded 600 million Tunisian dinars, equivalent to approximately €196 million. This impressive expansion is…