Category: business

Tunisia’s grain harvest is expected to reach 1.8 million metric tons this season, marking a more than 64 percent increase from last year’s harvest and a strong season for the country after consecutive drought seasons over the past five years, according to Agriculture Minister Ezzedine Ben Cheikh. Experts attribute the sharp increase to improved rainfall in key agricultural regions. “It is a good season with about 1.8 million metric tons,” said Ben Cheikh. Last year’s grain crop was around 1.1 million metric tons. Tunisia, which is experiencing a severe financial…

KPIT Technologies, a mobility software company, has inaugurated its new Software Engineering Center in Sfax, Tunisia, strengthening its presence in the EMEA region and reinforcing its commitment to innovation, talent development, and nearshore delivery for European automotive OEMs. The opening event witnessed participation from senior dignitaries across Tunisia’s automotive ecosystem, including investment authorities, academia, and KPIT leadership. This marks a strategic milestone in KPIT’s global expansion journey to reimagine mobility with clean, smart, and safe technology solutions, mediabrief reports. With the new center, KPIT aims to develop a Center of Excellence focused on advanced…

The IMF urged African and other emerging economies to develop their domestic financial markets to reduce their reliance on volatile external borrowing. The IMF’s April 2025 Global Financial Stability Report highlights that high real interest rates worldwide have led to increased costs and reduced accessibility of external financing, particularly for frontier markets in Africa. The report identified Tunisia as one of several African countries facing elevated sovereign debt vulnerabilities, along with Ghana, Zambia, Ethiopia, Kenya, Nigeria, Egypt, and Angola. The IMF highlighted that, as global interest rates remain high and…

The Tunisian olive oil export receipts during the first six months of the 2024/25 campaign (November 2024 – April 2025) went down by 28.9% to 2,442.4 million dinars (MD) compared to the same period of the previous campaign, according to information published on Wednesday by ONAGRI. Only 17.7% of revenue comes from the export of packaged olive oil. In April 2025, the average price of olive oil fell by 48.9% compared to the same month in the previous campaign. Prices ranged from 7.1 to 18 TND/kg, depending on the category.…

Tunisia’s tourism sector has “exceptional potential” to become a key driver of the country’s economic growth, said the European Union Ambassador to Tunisia, Giuseppe Perrone, in an interview with TAP news agency.. “My trips to Tunisia have revealed fascinating opportunities. I have been able to see projects funded by the EU”, said the diplomatic representative, explaining that he was able to see the progress of the five-year project of EU support to the Tunisian tourism sector called Tounes Wijhetouna, in support of sustainable tourism, which enhances the cultural and artisanal riches…

In 2024, the National Sanitation Utility (O.N.A.S.) processed approximately 295 million cubic meters of treated water through its stations. Of this impressive quantity, 64.9 million cubic meters were reused for direct (18.66 million cubic meters) and indirect (46.31 million cubic meters) uses. Jamal Eddine Cherif, director of the sludge recovery department at the agency, stated this in a statement to TAP based on statistics from the office’s technical services. Cherif noted that 72.5 percent of the treated water, or 195.46 million cubic meters, met the required quality specifications. However, 27.5…

Preliminary estimates from the Ministry of Agriculture, Water Resources, and Fisheries suggest that Tunisia’s summer stone fruit harvest in 2025 is expected to total 251,500 tons. This figure represents a 2.8% increase from the previous season’s harvest of 244,700 tons. The cultivated area has decreased slightly, from 201,800 hectares in 2024 to 197,500 hectares today, marking a 2.1% drop. The peach harvest for the current season is estimated at 121,000 tons, which is slightly less than the 122,300 tons harvested last season. The plum harvest is expected to reach 42,700…

Tunisia’s economy is projected to grow by 1.9 percent in 2025, up from 1.4 percent in 2024, supported by improved rainfall and gradual stabilization across key sectors. While manufacturing continues to face challenges, resilience in tourism and agriculture are contributing to the recovery, according to the World Bank’s latest economic update for Tunisia, “Better connectivity to grow“. Growth is expected to stabilize around 1.6–1.7 percent in 2026–2027. Although global trade uncertainties and limited external financing could pose some challenges, stronger reform momentum and a moderation of global trade uncertainty may…