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Ferid Belhaj, World Bank vice president for the Middle East and North Africa

Tunisia debt default could cost country’s banks billions

A sovereign debt default by Tunisia could cost the country’s banking system billions of dollars, experts say. Tunisia is suffering a financial crisis that led to it seeking a $1.9 billion loan from the International Monetary Fund (IMF) in exchange for unpopular reforms, including cutting food and energy subsidies. S&P Global Ratings credit analyst Mohamed […]

People, Person, Woman, man, Shop

Tunisia’s economy grows 2.4% amid continued financial concerns

Tunisia’s economy grew 2.4 percent in 2022, according to its National Institute of Statistics, down from the 4.3 percent growth registered in 2021. Growth in the fourth quarter was 1.6 percent year-on-year. Manufacturing was up 6.6 percent on 2021 and services 2.6 percent, although the latter slowed in comparison to previous quarterly growth of 3, […]

Esports and gaming is big business across the world

Egyptian gaming startup acquires Tunisian rival Galactech

Egyptian startup GBarena, an esports platform operating across the Middle East, has acquired Tunisian rival Galactech in a share swap valued at $15 million. The deal comes as GBarena prepares to close its Series A funding later this year, with participation from investors in the US, Singapore and the Middle East and North Africa (Mena) […]

Worker, Person, Solar Panels

Tunisia steps up solar ambitions with launch of new tenders

Tunisia has released tenders for two solar power projects as the North African country seeks to deliver 35 percent of its energy needs through renewables by the end of the decade. The Ministry of Industry, Mines and Energy is seeking companies to implement the solar photovoltaic (PV) independent power projects (IPPs). Both will have capacity […]


Record deficit: Tunisia’s trade deals in numbers

Tunisia posted a record 55 percent increase in its trade deficit in 2022, reaching TND 25.2 billion ($8.18 billion), according to figures released by the National Institute of Statistics. As the North African country battles an economic crisis, the deficit increase was attributed largely to the loss of trade with several key countries, including China, […]

A Nouvelair plane on the tarmac at Lyon-Saint Exupéry airport in France. The airline carried 1.3m passengers in the year to November

Tunisian government to sell its 24% stake in Nouvelair

Tunisia’s state-owned investment company, Al Karama Holding, plans to sell its shares in Nouvelair and Nouvelair Handling this month, according to national press agency Tunis Afrique Presse. The move comes as the Tunisian government attempts to raise 656 million dinar ($210.2 million) through privatisation and the sale of companies confiscated from establishment figures after the […]


Diversification is key to Tunisian tourism recovery

Tunisia must diversify its tourism offerings, according to experts, as the country continues to chart a course of recovery from the effects of the coronavirus pandemic. The number of foreign visitors to the North African nation in 2022 is forecast to reach over 6 million, as revealed by Lofti Mani, central director of promotion at […]


Tunisia looks to boost trade with African neighbours

Tunisia is looking to increase trade with its African neighbours, particularly sub-Saharan countries, amid an expected slowdown in business with Europe. Geopolitical tensions arising from the Russian invasion of Ukraine have fuelled international inflation levels, which could impact levels of trade between Tunisia and its European partners, according to Mélanie Laloum, lead economist, global policy, […]

Liquor, Alcohol, Beverage

UK drinks firms raise glass to Morocco and Tunisia trade deal

British drinks companies have raised a glass after the UK removed trade barriers that deterred alcohol sales to Morocco and Tunisia. The changes in the countries, which extends to Argentina and Angola as well, will help the UK’s products to reach millions of new potential customers and boost alcohol exports, which reached £6.5 billion last […]

Tunisia’s annual inflation rises to 8.6% in August 2022

Tunisia’s annual inflation jumped to 8.6 percent in August 2022 from 8.2 percent in July 2022, Agence Tunis Afrique Presse reported, citing the National Statistics Institute.  Food prices went up 11.9 percent in August year-on-year, mainly due to the price rise of eggs, poultry, edible oils, fresh fruits and vegetables. The core inflation rate, excluding […]

Money, Passport, Document

Rising tax revenues helps shrink Tunisia’s H1 2022 budget deficit

Tunisia’s budget deficit improved to TND470.8 million ($147.92 million) in H1 2022 from TND1.9 billion in the same period last year, state news agency TAP reported, citing the finance ministry. This lower deficit is mainly driven by higher budgetary resources, which grew to TND19.3 billion in June 2022 from TND15.8 billion in June 2021 as […]