HEINEKEN majority owned subsidiaries Nigerian Breweries plc and Consolidated Breweries plc to merge

AMSTERDAM, Netherlands, May 12, 2014 (GLOBE NEWSWIRE / Asianet-Pakistan) — Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) announced today that, subject to the customary regulatory and other approvals, its majority owned subsidiaries Nigerian Breweries plcand Consolidated Breweries plc have confirmed their intent to merge the two businesses. To this end, a pre-merger notification has been filed […]

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Tunisia’s External Loans Reach 1,390 Million Dollars Until May 2014

Financial resources obtained through external loans have reached 1,390 million dollars (1 dollar=1.6 dinar) until May 2014, said Governor of the Central Bank of Tunisia Chedly Ayari. These resources deposited in the account of the BCT are shared out as follows: 500 million dollars from the International Monetary Fund (IMF), 200 million dollars from Turkey, 220 million dollars under the […]

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Marzouki, New Zealand Minister of Trade Discuss Ways to Strengthen Co-Operation

Ways to strengthen co-operation prospects between Tunisia and New Zealand in the areas of agriculture and renewable energy were discussed as caretaker President Moncef Marzouki met, Thursday in Carthage Palace, with New Zealand Minister of Trade Tim Groser. The two sides discussed ways to make the most of the experience of New Zealand in the academic field. Mr. Groser said […]

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CAREPP Approves Creation of Virtual Company in Postal Sector

The Recovery and Restructuring Commission of Public Funded Companies (CAREPP), which met Thursday in Kasbah, agreed to the creation of a virtual company in the postal sector. The meeting, chaired by interim Prime Minister Mehdi Jomaa, examined a number of public minority shareholdings in companies operating in the property and tourism sectors, a Prime Ministry press release said. Members of […]

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GEF to Donate 9.22 MTD to Tunisia to Co-Finance Oasis Development Project

The Global Environment Fund (GEF), the largest funder of environment projects, announced a donation of 9.22 MTD (5.73 million dollars) to co-finance a sustainable management project of oasis systems in southern Tunisia. The four-year project (2014-2018) seeks to improve management systems of natural resources in the Oases of Gabes, Tozeur, Kebili and Gafsa. A negotiation protocol will be signed, on […]

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BCT Governor Predicts Growth Rate of About Three Percent in 2014

Governor of Tunisia’s Central Bank (BCT) Chedly Ayari predicted a growth rate of about 3% in 2014 against 2.6% in the previous year. A recent World Bank Report on Global Economic Prospects said Tunisia would achieve a growth rate of nearly 2.5% in 2015. In a statement to TAP, on the sidelines of his participation in the Tunisia-Gulf Investment Forum, […]

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TBCC and British Council Sign Partnership Agreement

The Tunisian-British Chamber of Commerce (TBCC) and the British Council signed recently a partnership agreement to organise two training session “Business English” and “English for Finance,” to be offered by TBCC to its members and taught by British Council teachers. It was also agreed to launch the campaign “English Language Week for Tunisia,” May 26-31 in the governorates of Tunis, […]

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Current Account Deficit Reaches 2.4 Percent of GDP – 1st Quarter of 2014

During the first quarter of 2014, the current account deficit reached 2.4% of the Gross Domestic Product (GDP), asserted Nidhal Ouerfelli, Official Spokesman for the Prime Ministry and Minister to the Prime Minister in charge of Co-ordination and Monitoring of Economic Affairs. He said to the media, at the end of a cabinet meeting held, Friday in Kasbah, under the […]

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Business Confidence Wanes in Africa but Still Optimistic

JOHANNESBURG, May 1, 2014 (GLOBE NEWSWIRE / Asianet-Pakistan) — Confidence levels amongst business leaders in Africa fell for the second consecutive quarter during the first three months of 2014. The YPO Global Pulse Confidence Index for Africa, which tracks CEO confidence levels in the region on a quarterly basis, dropped 2.2 points to 61.8. This […]

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MG and Auchan to Open Five Hypermarkets in Tunisia

Tunisian “Magasin Geacuteneacuteral” (MG) and French group Auchan will open five hypermarkets by means of investments worth 1,000 million dinars, a representative of the Bayahi Group said. In a statement to TAP news agency correspondent, the source who requested anonymity, specified that the project which will be achieved in partnership between the Bayahi Group “Magasin Geacuteneacuteral Company” and Auchan, will […]

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Second International Ergonomics North South Meetings On May 5-6 in Hammamet

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Fitch Affirms Tunisia At ‘BB-”BB’ – Outlook Negative

Fitch Ratings, on Friday, affirmed Tunisia’s Long-term foreign and local currency IDRs at ‘BB-‘ and ‘BB’ respectively. The issue ratings on Tunisia’s senior unsecured foreign currency bonds have also been affirmed at ‘BB-‘. The Outlooks on the Long-term IDRs are negative while the Country Ceiling has been affirmed at ‘BB’ and the Short-term foreign currency IDR at ‘B’. Source : […]

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