Africa Business Finance Headlines International Tunisia

Tunisia: AfDB approves €104m to modernize road infrastructure

The African Development Bank, AfDB, agreed Monday to allocate to Tunisia a credit line worth 103.95 million euros earmarked for the second phase of a road infrastructure project (PMIR-II) in the North African country. The credit will be used to rehabilitate 230.6 km of road in five governorates according to Minister of Equipment and Housing […]

Headlines Tunisia

Tunisia: Woman arrested for plotting terror attack

The Tunisian Interior ministry Saturday announced the arrest of a woman planning to kidnap relatives of some security and military forces in exchange for the release of some prisoners arrested for terrorism. The woman was also plotting to stage an attack on a police station using an explosive belt that she manufactured herself, the ministry […]

Headlines Tunisia

Tunisia: Capital punishment for sixteen jihadists involved in the Ben Guerdane bloody attacks in 2016

Tunisian justice has sentenced sixteen jihadists to death for their involvement in the terrorist attacks which in 2016 left dozens dead and others injured in the Ben Guerdane region, near Libya’s borders. According to a press release from the Court of First Instance of Tunis, the criminal chamber specializing in terrorism cases also pronounced judgments […]

Asia Headlines International Tunisia

Russian tourists expected back in Tunisia

The Russian tourism federation has revealed that Russian holidaymakers are expected in Tunisia amid growing international condemnation of Russia’s invasion of Ukraine. The federation, according to Russian TV (RT), said that Tunisian Tourism Minister Moez Belhassan expressed the North African country’s keenness to welcome Russian tourists adding that Tunis is not planning to impose any […]

Headlines Tunisia

Ex-Tunisian PM Fakhfakh indicted for illicit enrichment

A court in Tunisia has indicted former Prime Minister Elyes Fakhfakh for illicit enrichment during his tenure in power from February to September 2020 after which he was forced to step down over accusation of conflict of interest. According to the communication office of Tunis court of first instance, the former Premier who has been […]

Headlines Tunisia

Former TunisAir CEO launches political party

Olfa Hamdi, ex Chief Executive Officer of Tunisia’s national carrier TunisAir, is expected tp launch this Thursday her political party, one year after her sacking. Hamdi named the party La troisième République [The Third Republic] as stated in a Facebook live. Hamdi was appointed CEO of the national carrier on Jan. 07 2021 with the […]

Americas Business Finance Headlines International Tunisia

US provides $35 million for Tunisia SMEs

The US embassy launched Tuesday a financial support scheme worth $35 million in a favor of Small and Medium Size Enterprises (SMEs) that have difficult access to loans to grow their activities, Business News reports. The US aid agency, USAID, is partnering with the Arab Tunisian Bank (ATB) and US International Development Finance Corporation on […]

Business Energy Finance Headlines Tunisia

Tunisia to benefit from AfDB program to promote investment in decentralized renewable energy

Tunisia will benefit from the African Development Bank’s (AfDB) Leveraging Energy Access Finance Framework (LEAF) program to promote investment in decentralized renewable energy backed by the Green Climate Fund. With a commitment of $164 million, the Abidjan-based bank will help scale up decentralized renewable energy (solar home systems, green mini-grids, and solar solutions for commercial […]

Business Finance Headlines Tunisia

World Bank lends Tunisia $400m for social reforms

The World Bank Tuesday announced the intent to provide $400 million to Tunisia in view of backing social reforms. Ferid Belhaj, World Bank Vice President for Middle East and North Africa, made the announcement to Tunisian Prime Minister Najla Bouden during a visit. The World Bank official also indicated that the US-based institution will help […]