Trending
- State of journalism survey 2024 shows media houses are lagging in AI adoption
- Forum sets the stage to unleash global potential for startups during AIM Congress 2024
- Consumer Expenditure in Kenya on a Six-Month High
- Kenya Ports Authority Invests $31 Million in State-of-the-Art Cranes for Lamu Port
- Fintechs should develop products that address the exact needs of their customers
- New report exposes alarming rise in remote desktop protocol fraud by cybercriminals
- Kenya’s remittance inflows grow boosting forex reserves
- Africa’s agritech potential crucial for economic growth
Browsing: Tunisia Tourism Industry
Tunisia, one of Africa’s top exotic tourists’ destinations fate is hanging in the balance, due to the novel coronavirus (COVID-19) pandemic threatening the sector, as more than $1.4 billion and 400,000 jobs are at stake.
According to information from Reuters, an official document showed Tunisia seeking a loan guarantee from bilateral partners to issue sovereign bonds this year.
Further, Reuters highlighted that, in a letter sent to the International Monetary Fund (IMF), Tunisia’s central bank governor and finance minister said the country’s economy would shrink by up to 4.3 per cent, the steepest drop since the nation’s independence in 1956.
The IMF, which approved on Friday a $745 million loan to Tunisia to counter the consequences of the coronavirus, said a new funding programme with Tunisia could start in the second half of this year.
Hence, the size of the new programme remains unknown.
Earlier this year, the Tunisian Minister …