Six years after the Arab spring which significantly impaired economic growth in Tunisia, the country should get back on the right track this year. This trend will be mainly supported by the revival of tourism and phosphate production, said Prime Minister Youssef Chahed on TV last Sunday.
“Tourism is doing better and should record a 30% growth this year. As for phosphate production, it has re-started and we are expecting a good agricultural season,” said Chahed.
In terms of reforms towards fiscal consolidation, the official said tax revenues surged 14% in Q1 2017. However, he believes the performance to be weak. Tunisia forecast a growth of about 2.5% this year, slighty above last year’s forecast of 2.3% by the World Bank in its quarterly report on MENA.
The government is pressured by financial institutions to insure that its economic and financial reforms cut public expenditures and reduce deficit. In the framework of these reforms, the State should sell its stakes in three public banks and lay off 10,000 jobs in public sector and most importantly promote private sector.
Fiacre E. Kakpo
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Matthew Sharples, who has served as Asara Resources’ managing director for over a year, had not until now been directly involved in board deliberations....
Africa air freight volumes rise 7% in March 2026 Growth slows after strong January-February surge, key routes decelerate Global cargo declines amid...
South Sudan declines to renew Oranto’s oil block B3 contract Audit cites failure on seismic surveys and drilling commitments Block reopened to...
Tungsten prices surpass $3,000/tonne amid supply disruptions, China curbs Rwanda, DRC gain opportunities; Rwanda leads with higher output US...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....