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Tunisia Extends State of Emergency till June 22

President Beji Caid Essebsi has decided to extend the state of emergency for 3 months beginning this March 23. The state of emergency was imposed after a November suicide bombing against a bus carrying presidential guards and was extended in February. The announcement signals that Tunisia will spend almost half of the current year under […]

World Bank revises downwards growth rate forecasts for Tunisia, Egypt in 2024/2025

The World Bank has revised Tunisia’s 2024 economic growth forecast downward to 1.2%, compared to the 2.4% projected in April 2024. In its October 16, 2024 report, “Growth in the Middle East and North Africa,” the Bank expects Tunisia’s growth to stabilize at 2.2% in 2025. The report cites weak growth across the MENA region, […]

Afreximbank approves $200 million for Uganda crude pipeline as NGOs denounce the project

Afreximbank has approved $200 million toward financing of a contested oil pipeline to export Uganda’s crude, while a report released by two environmental NGOs has warned of potentially “unacceptable” damage caused by a controversial project involving French oil giant TotalEnergies and China’s National Offshore Oil Corporation (CNOOC). The Nigeria-based bank was also willing to finance […]