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AfricaBiz

Africa Business News

Tunisia Tender and Business News

Zambia Urged to Stay With The International Criminal Court

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.

World Bank Funds US $100M Project in Poorest Regions of Tunisia

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.

Amen Bank Signs Strategic Cooperation Agreement with IFC

Amen Bank, a private sector sector bank founded in 1966 in Tunisia, just signed an agreement with the IFC to help it develop stronger investor relationship management, improve financial communications, and develop strategic growth plans.

IMF Fiscal Transparency Report on Tunisia Gives Country High Marks

Tunisia has been working to improve its fiscal transparency practices. The International Monetary Fund just published its own review of what Tunisia has accomplished in this area, based on a recent detailed visit to Tunis. That report says Tunisia has done an excellent job and could soon reap the benefits of all that hard work.

Africa's Rx Healthcare Fund Receives $20M in Seed Funding from AfDB

A new African investment facility, the Rx Healthcare Fund(RxHF), was recently founded to help improve healthcare delivery across the continent. The final capitalization is planned at $200 million, a number which just received a big boost from the African Development Bank (AfDB), which recently put in $20 million as an initial seed.

Maghreb Countries' Investments in Renewables Drive Future Youth Employment

A new publication from the African Development Bank entitled "The Renewable Energy Sector and Youth (Un)Employment in the Maghreb", recommends that both energy-exporting countries in the Maghreb like Algeria and Libya as well as energy-importers Tunisia and Morocco, should keep pushing on renewable energy initiatives both as future planning and in support of youth employment.

McKinsey Study Shows African Growth Fragmented but Fundamentals Still Strong

McKinsey Global's (MGI) last full look at the African economy was six years ago, when almost all countries were experiencing accelerating growth. The pattern is more fragmented now, after oil price collapses (which did not affect all countries in the same way) and those most affected by the Arab Spring political upheavals. In spite of the slowing, a new report by MGI points to strong fundamentals that will keep Africa on a long-term growth trajectory.

Dire Warnings But Also Hope as IUCN Environmental Congress Opens

A congress billed as the world’s largest ever to focus on the environment has opened to warnings that our planet is at a “tipping point” but also with expressions of hope that governments, civil society and big business are learning to work together.

Orange Unveils Latest Plans for Its Middle East and Africa Telecom Operations

France's Orange (Orange.com) unveiled its 4th annual strategy and activity update for its Middle East and Africa (MEA) operations during meetings held on July 28 in London. This included expansion along with rollout of a number of new sectors and activities to play into Orange's vision as a digital transformation agent in telecom and mobile services.

New Survey Shows How to Help Private Sector Grow in North Africa and Middle East

A new report from the European Bank fo Reconstruction and Development (EBRD), the European Investment Bank (EB) and the World Bank Group (WBG) describes why the private sector is so important to economic growth in North Africa and the Middle East. It also suggests how to overcome some of the challenges that private sector is facing.

Balancing the Needs of Agriculture and Forestry for Food Security

Effective food security planning cannot just allow agricultural expansion to run rampant across the world's forests and continue to drive massive deforestation on a global scale. A balance must be struck between the needs of the forest and its industries and the needs of agro-business as it works to feed a growing world.

More Help Needed to Deal with Food Insecurity in the Wake of El Niño

United Nations leaders said today that much more needs to be done to prevent further suffering, strengthen resilience and preserve livelihoods in the wake of El Niño's devastating effects worldwide. Africa was the worst hit, with 40 million of the estimated 60 million affected globally residing in East and Southern Africa.

Tunisia Receives 500 M Euro Loan from the European Union

The European Union voted June 8 to loan Tunisia 500 million Euros on favorable terms to help it reduce its external debt and consolidate its democratic mechanisms. It also authorized a temporary additional quota for duty-free olive oil imports to help with agricultural trade.