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 […]

Comments Community Headlines Tunisia

Tunisia: Kais Saied officially dissolves the high judicial council

Tunisian President Kais Saied Sunday officially dissolved the High Judicial Council; the country’s judicial independent body that he accuses of being in league with some politicians and refusal to rule over some corruption and assassination cases in the country. He signed the decree for the move in the presence of Prime Minister Najla Bouden and […]

Headlines Tunisia

TunisAir plans massive layoff starting from 2022 to ease financial burden

Tunisia’s national carrier, TunisAir, will lay off 1,000 employees over three years starting from 2022 as part of plans to reduce financial burden and return the company to profitability, CEO Khaled Chelly has revealed. Chelly made the announcement Thursday while receiving the second small body A320neo of a four-jet deal signed with Airbus. The first […]

Europe Headlines International Tunisia

Tunisia: Dissolution of judicial independence body a “big step in the wrong direction” – UN human rights chief

Dissolving the Tunisian body that deals with judicial independence, known as the High Judicial Council, is a “clear violation” of the country’s obligations under international human rights law, UN human rights chief Michelle Bachelet warned on Tuesday. Tunisian President Kais Saied announced his decision to dissolve the Council on Sunday, saying “the judicial council belongs […]

Headlines Tunisia

Tunisia’s judicial council vows to resist President Saied’s intent to dissolve body

Tunisia’s judicial council, the country’s legal body warranting the independence of the judiciary, has vowed to withstand with all legal means President Kais Saied’s intention to dissolve it. The Tunisian leader in a statement made Saturday during a visit to the ministry of interior indicated that the council belongs to the past. “The judicial council […]

Headlines Tunisia

Tough times for right activists in Tunisia

Tunisia is backpedaling to authoritarian rule following President Kais Saied’s power grab, a déjà vu for many Tunisians. But rights groups in particular are worried about their hard-won freedom as the crackdown on them intensifies. Last month, authorities prevented rights activists from staging protests against President Saied in a move that invokes fears of the […]

Americas Headlines International Tunisia

Tunisia launches USAID-backed “Visit Tunisia” project

Tunisia’s minister of Tourism kick started Wednesday “Visit Tunisia” project funded by the US development agency USAID to the tune of $50 million. The project is expected to create thousands of jobs. Mohamed Moez Belhassein unveiled the project in the presence of the US envoy to the North African country Donald Bloom, in the Sbeitla […]

Business Finance Headlines Tunisia

Tunisia recoups part of looted money deposited in Swiss banks

The Tunisian government has recovered a portion of money stolen by members of late President Zine el-Abidine Ben Ali’s regime, deposited in Swiss banks, the North African country’s lawyer in charge of the State’s litigation has revealed declining to indicate the amount. Ali Abbas told local media Assabah that the sums have been recovered after […]