Sfax: Two Tunisian-Chinese partnership agreements signed in field of photovoltaic solar energy

Two partnership agreements were signed, Saturday, in Sfax, between Tunisian company "Smart Mechatronics Company" specialised in photovoltaic solar energy, and two Chinese giants operating in the same field «INVT Solar» and «JA Solar». General Director of «Smart Mechatronics Company» Walid Agrebi told TAP that the goal of these agreements is to provide quality equipment in terms of solar panels and voltage converters on the Tunisian market. The signing ceremony was attended by Tunisian officials and representatives of Chinese companies as well as banking partners and insurance companies.

Source: Agence Tunis Afrique Presse

Status of authorised economic operator granted to 19 more enterprises

The status of authorised economic operator (AEO) was granted Saturday to 19 enterprises under agreements signed at the headquarters of the Directorate-General of Customs. This brings the total number of AEO certified enterprises to 154. The OEA status is granted to any enterprise operating in Tunisia and involved in the international movement of goods while meeting such criteria such as Customs compliance, management of commercial records, financial solvency and appropriate security and safety standards over the last three years. The status offers many advantages in international business, mainly the immediate removal of goods, a single interlocutor, customs declarations before the arrival of goods, said spokesperson for the Directorate-General of Customs Colonel Major Haythem Zaned . Certified enterprises also access simplified customs clearance procedures and are given priority in customs declaration processing. . The number of customs declarations filed by authorised economic operators hovers around 100,000 in 2022, that is 10% of total declarations in border crossings. The increasing number of certified businesses will help give impetus to investments and foreign trade transactions in Tunisia. Director-General of Customs Najet Jaouadi said bilateral agreements will be signed with different administrative structures so as to offer target businesses new advantages in relation to technical control procedures during import or export.

Source: Agence Tunis Afrique Presse

Tunisian business mission to USA to bolster economic cooperation

CONECT International is organising a multi-disciplinary business mission to the United States on September 9-17, with the participation of fifteen Tunisian enterprises. The event is held in partnership with AMCHAM Tunisia, the American Chamber of Commerce in Tunisia. It is designed to boost economic cooperation between the two countries and explore opportunities for increased trade, CONECT said. Participating business leaders will visit E+ 2023, the largest clean energy event in North America for the second time after a first visit organised by CONECT Sfax in September 2022. A visit to the PACK EXPO Las Vegas, the packaging trade show, is also on the agenda. A business meeting will be organised in Washington, in partnership with Tunisia's embassy in the USA and the Arab American Chamber of Commerce (AACC). It wil bring together representatives of Tunisian and US enterprises operating in economic sectors of common interest.

Source: Agence Tunis Afrique Presse

Financial transfers to Tunisia reach TND 5.8 billion by end of June 2023

Financial transfers to Tunisia reached TND 5.8 billion at the end of June, down significantly from the TND 11.6 billion recorded in the same period of the previous year, according to the Central Bank of Tunisia's (BCT) financial indicators bulletin No. 223. For the whole of 2022, these financial transfers amounted to around TND 19.1 billion. President Kais Saied had paid an unannounced visit to the headquarters of the Central Bank of Tunisia on Friday, emphasising the urgent need for increased monitoring and control of financial inflows into Tunisia. In addition, data from the Central Bank shows an increase in the value of current transactions, which amounted to TND 44.1 billion in the first half of 2023. These transactions mainly consist of commercial exchanges, tourism revenues and expat remittances. This represents a significant increase of TND 5.2 billion, or 11.8%, compared to the TND 38.9 billion recorded during the same period in 2022. This situation has contributed to the effective management of the balance of payments deficit, which did not exceed 1.8% of gross domestic product (GDP) at the end of July 2023, according to the latest data coming from the BCT Executive Board meeting held on September 7.

Source: Agence Tunis Afrique Presse

Seychelles-Russia Friendship Association relaunches at exhibition by Russian alumni

Seychelles’ Russian alumni celebrated a significant milestone through an exhibition showcasing photos of former students during their studies through which the Seychelles-Russia Friendship Association was also relaunched.

The over 70 photos, contributed from the personal archives of the former students, relayed and showcased memorable moments and experiences, friendships established, and their lives in a foreign country.

The exhibition was organised to commemorate the 45th anniversary of the sending of the first cohort of Seychellois to the former Union of Soviet Socialist Republics (USSR) in pursuit of further studies.

It was on September 5, 1978, that two Seychellois, Jemmy Solin and Priscilla Julie, left Seychelles to study in Moscow. Since then, around 300 other candidates have undertaken long-term and short-term courses in the USSR, which is now the Russian Federation after its dissolution.

Speaking on behalf of the alumni and in her capacity as one of the first Seychellois students to study in the former USSR, Priscilla Julie, provided an account of her experience in Moscow.

“We all had to immediately start learning the language in order to go about getting our food and other essentials because nobody understood English or French. Our studies were conducted in the Russian language throughout and this was a big challenge for most of us,” shared Julie.

The chairperson of the association, former Seychelles’ Vice President Vincent Meriton, outlined that the decision to send students to the USSR was made possible “after the establishment of diplomatic relations between the Soviet Union and Seychelles in 1976 and the drive to build the capacity of our human resources at the dawn of our nationhood.”

He said that “the experience has been transformative, as we have gained not only proficiency in a new language but also a deep appreciation for the world’s history and geopolitics from a unique perspective.”

“As we celebrate this milestone, we pledge to give back to our community. We recognise the debt of gratitude we owe to our country and our people. It is our duty to contribute to our homeland’s well-being. This is why we have gathered here today. There is no better day to renew this pledge,” added Meriton.

Following their studies, members of the Russian alumni have contributed and are contributing to different sectors of the socio-economic development of Seychelles. These include education, sports, health, politics, aviation, media, and military services.

During the ceremony, the chairperson presented a certificate of appreciation to the Russian ambassador to Seychelles, Artyom Kozhin, for the embassy’s valuable contribution towards the capacity building of the country.

“Our country is ready to offer more scholarships to the local students. The cooperation in the education sphere is not purely about academic studies, but also in fields like tourism, sports, and culture. Learning the Russian language is an opportunity not only to explore great Russian literature but to also earn more money in the tourism and IT industry,” Kozhin shared.

Another certificate will be forwarded to the Ministry of Education, in appreciation for enabling the pursuit of further studies of Seychellois in Russia and Commonwealth of Independent States educational institutions.

Source: Seychelles News Agency

South Africa : Vodacom will invest $30.7 million in its network

To improve its network and services, telecommunications operator Vodacom Group will invest 570 million rand (30.7 million USD) in its activities in the Western Cape province for the financial year 2023/2024. R470 million will be allocated for expanding the 5G footprint, continued upgrading of existing network infrastructure and upgrading base station sites. The remaining R100 million will be spent on energy projects.

Source: Africa News Agency

Madagascar: the contribution of the mining sector to GDP could increase from 4% to 15% in three years

According to Rakotosalama Tojo Hasina Fanomezana, treasury inspector at the Malagasy Ministry of Economy and Finance, thanks to capacity building in modeling for the extractive sector, the mining contribution should increase from 4% to 15% of gross domestic product, over the next three years . He was speaking at a capacity building workshop on the extractive sector organized by the African Development Bank (AfDB).

Source: Africa News Agency

MMR stabilises at 8% in August 2023 (BCT)

The money market rate (MMR) stabilised at 8% in August 2023 for the 4th consecutive month, according to statistics published on Friday by the Central Bank of Tunisia (BCT).

Compared with the last two years (2021 and 2022), this rate went up from 6.26% in August 2021 to 7.03% in August 2022, and now stands at 8%.

The rise in the MMR is mainly due to the upward revision of the BCT's key rate on a number of occasions in recent years, in order to counter inflationary pressures.

Source: Agence Tunis Afrique Presse

Insurance : Mauritius welcomes insurers from Eastern and Southern Africa

From August 27 to 31, 2023, Mauritius will host the 45th conference of the Eastern and Southern African Insurers’ Organization (ESAI) and its annual general meeting.

The conference brings together participants from across Africa and beyond, who will exchange ideas, experiences and work together to find solutions to current issues, which affect the reinsurance and insurance sector on the continent and beyond. This year’s theme is “Leaving no one behind – financial inclusion through innovation”.

Source: Africa News Agency