The controlling sharedholders of Tunisia-based Carthage Cement S.A. (CathageCement.com.tn), the Tunisian State and Bina Corporp, have decided to sell a 50.52% majority stake in the company to a strategic and/or a financial investor who can insure its management and long-term development.
Tunisia Tender and Business News
On October 9, Tunisia was approved by the European Commission -- on behalf of the European Union -- for a €200 million loan.
Transparency International has come out strongly against a just-passed law in Tunisia, The group says it will allow people who stole public funds and other dirty money to be given amnesty for past crimes, and encourage even more corruption.
According to a report from Valencia, Spain, based ForwardKeys on airline capacity in Africa, Lagos, Nigeria in particular is showing a significant seat capacity decline in 2017. According to a spokesperson from AviaDev, a major airline route development conference in Africa, this comes directly from the difficulty in bringing revenues back out of the country in 2016.
On July 10, Tunisia received approval for a €100 million Macro-Financial Assistance loan from the European Commission.
Societe Tunisienne de l'Electricite et du Gaz (STEG) has signed an engineering, procurement and construction (EPC) contract with suppliers Mitsubishi Hitachi Power Systems, Ltd. and Sumitomo Corporation, both of Japan, for a gas-fired combined cycle power plant with a generation capacity of 450 MW in Rades, in Ben Arous Governorate, the Tunisian Republic.
Tunisia has received a $500 Business Environment and Entrepreneurship development policy loan from the World Bank.
In a recent report prepared by the Washington, D.C., based International Republican Institute (IRI), despite trends towards more democracy, certain segments of Tunisia's population are still highly vulnerable to violent extremism.
UN-Habitat, a major international group focusing on sustainable and inclusive urban communities, recently signed an agreement to set up a Tunisia country office.
A fund stash belonging to Tunisia and illegally held in Switzerland is going to be a little easier to secure 'back home' thanks to a EUR 3.5 million grant from Switzerland to help with mutual legal assistance in the manner.
The Republic of Tuniisa, represented by the Tunisian Electricity Gas Company, and the International Islamic Trade Finance Corporation (ITFC) (ITFC-idb.org), a member of the Islamic Development Bank (IDB) Group headquartered in Jeddah, Saudi Arabia, have signed two Murabaha agreements for a total of $310 million to finance resourcing of natural gas, crude oil and petroleum products.
According to the second edition of the Africa Visa Openness Index, Africans were able to travel more freely across the country in 2016 versus 2015. Still, as Aliko Dangote, President and CEO of Nigeria's Dangote Group notes, "Despite the size of our group, I need 38 visas to move around Africa".
Software company Jeppesen, a Boeing company headquartered in Englewood, Colorado, recently agreed to a five-year digital services agreement with Tunisair, the national carrier of Tunisia.
A national workshop was held in Tunis on possible legislative amendment proposals to the Libyan Penal Code. The conference was jointly held by the Ministry of Justice of Libya and the United Nations Office for Drugs and Crime (UNODC)
Germany just signed a Letter of Understanding to provide €15 million in support of the International Monetary Fund's capacity development activities across Africa in the context of the G-20 Compact with Africa.
Multilateral development banks (MDBs) leaders have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to support sustainable and inclusive economic growth throughout the world.
The Hilton Hotels group is planning a major expansion of its chain across North Africa. To do that, it has established a new dedicated development office in Casablanca.
Four Seasons Hotels and Resorts with corporate office located in Ontario, and the Mabrouk Group, Tunisia's preeminent investment group, will open Four Seasons Hotel Tunisin in late 2017.
Louis Berger, an international professional services company focused on infrastructure development and headquartered in New Jersey, is leading a consortium to provide technical assistance on a EUR 213M school modernization program in Tunisia.
A group of African organizations and international NGOs with a presence in Africa are urging Zambia to reaffirm its membership in the International Criminal Court. They do so saying it is the best way to advance justice for victims of atrocities.
The North-West and Center-West regions of Tunisia, where almost half of the poorest segment of the population are located, will soon see a US $100 million project start in their areas, to support better management of forests, rangelands and agricultural landscapes for more jobs and increased incomes.
The United Kingdom recently sent communications experts to Tunisia during the week of February 9-15. While there they delivered two training two training programs for more than 30 country officials.
During the Opening Ceremony of the Gender Pre-Summit on January 24 in Addis Ababa, Ethiopia, the Kwame Nkrumah Regional Awards for Women 2016 were presented to top African women scientists at national, regional and continental levels.
The second phase of the United Nations Industrial Development Organization (UNIDO)'s youth employment project just launched on January 25. “Mashrou3i” (“My project” in Arabic) hopes to create employment for over 6,000 young people in Tunisia in the next five years.
Shell's licensee in Africa, Vivo Energy, has announced a Pan-African partnership agreement with Orange across nine countries. It allows those countries where both companies overlap to use Orange Money to pay for their fuel.