The Tunisian government has been mounting pressure on local financial institutions to fund the 2022 national budget as the country struggles to land foreign loans to close the project’s $2.8 billion budget deficit. The move is revealed by Ahmed El Karm, member of the executive board of Tunisia-based independent think-tank Institut Arabe des Chefs d’Entreprises […]
L’Office Chérifien des Phosphates (OCP,) the Moroccan State-owned phosphates company, said last week it raised $ 1.55 billion in the first international bond issue having a solid emitter notation organized by an African company outside South Africa. OCP thus sold 10-year bonds to yield 5.625 percent for $1.25 billion and $300 million worth bonds that […]
A number of European airlines including Spanish Air Europa are expected to resume flying to Tunisia after a suspension on insecurity grounds, as the state brought guarantees for the safety of foreign holidaymakers. Air Europa, Lonely Planet reports, will soon resume flights to the Tunisian capital, Tunis. The airline will service Madrid-Tunis route four times […]
