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Africa Business News

Tunisia Tender and Business News

EBRD Completes Equity Investment in Bank Audi sal

The European Bank for Reconstruction and Development (EBRD), a multilateral bank headquartered in London, United Kingdom, has completed an equity investment in Bank Audi sal, a banking group in Lebanon.

IATA Launches Single African Air Transport Market Push

As a part of the African Union (AU) initiative, the International Air Transport Association (IATA) has announced the launching of the Single African Air Transport Market (SAATM) with the goal of opening up Africa's skies and improving intra-African air connectivity.

Report on Africa Airline Seat Capacity Shows Major Drop

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.

Tunisia Signs Contract for A New Gas-Fired Power Plant in Rades

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 Receives $310M to Develop Natural Gas and Oil Products

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.

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