Latest news with #MosaiqueFM
African Manager
23-04-2025
- Business
- African Manager
Tunisia: UTT demans pay rise
Rached Namouchi, deputy general secretary for the private sector of the Union of Tunisian Workers (UTT) told Mosaique FM on Monday that the UTT was demanding a pay rise for 2025 to offset the deterioration in workers' purchasing power and called for negotiations to start as soon as possible. He also called for an increase in the guaranteed minimum wage, while urging the government to control prices, which he described as unbearable, and to work towards regulating the market. 'The Tunisian worker is no longer able to cover his daily expenses (…) We are asking the employers' organization to respond (…) We have tried to open a dialogue to examine these points, but we have received no response (…). We have even been clearly informed that it is only the UGTT that is concerned (…) unfortunately, in Tunisia we are not open to trade union pluralism,' he stressed. Rached Namouchi also stressed the need to promulgate the law on the organization of labor contracts and the ban on subcontracting, and called for the involvement of the leaders of the UTT in the revision of the Labor Code.
African Manager
19-04-2025
- Business
- African Manager
EU Ambassador: 90% of investment in Tunisia is European
The European Union (EU) and Tunisia would soon be celebrating the 30th anniversary of their association agreement, Giuseppe Perrone, the EU ambassador in Tunis, told MosaiqueFM on Thursday. He said that the agreement had been very beneficial for Tunisia. With three thousand companies providing more than 400,000 jobs, the EU accounts for 70% of trade and 90% of foreign investment in Tunisia,' he said. 'In addition to the economy, the EU has launched numerous social programmes in Tunisia, including vocational training and job creation,' he added. Giuseppe Perrone pointed out that cooperation programs in higher education and vocational training, such as 'Horizon Europe' and 'Erasmus+ Tunisia', enable Tunisians to benefit from more attractive job offers and contribute to economic development. He also pointed out that the European Union was waiting for Tunisian proposals before resuming discussions on a possible free trade agreement along the lines of the Deep and Comprehensive Free Trade Areas (DCFTA).
African Manager
15-04-2025
- Business
- African Manager
Falling oil prices: expert talks about impact on Tunisia?
The sharp fall in global oil prices could benefit Tunisia, particularly in terms of its trade deficit, says energy consultant Ezzeddine Khalfallah. Speaking on the Mosaique FM on Monday, he pointed out that the country, which is heavily dependent on energy imports, generally benefits from falling prices. According to him, world crude oil prices are mainly determined by two benchmarks: North Sea Brent for Europe and Africa, and WTI (West Texas Intermediate) for the United States. While supply and demand remain the main drivers, other geopolitical or economic elements can also influence markets, he stressed. He believes that a possible rapprochement between Washington and Tehran could lead to a rebound in crude oil prices. In the meantime, prices continue to fall. Following the recent announcement of US tariffs, oil markets entered a sharp downturn, losing more than 20% in four days. This sharp fall has taken prices to their lowest level since 2021. On Monday, April 14, the trend remains negative. Fears of a global economic slowdown, fuelled by rising trade tensions between China and the United States, are weighing on energy demand.
African Manager
28-03-2025
- Business
- African Manager
Renewable energy: 3,000 megawatts of production by 2028
Tunisia's energy deficit costs the state 11 billion dinars annually, Wael Chouchene, Secretary of State for Energy Transition at the Ministry of Industry, Mines, and Energy, told Mosaique FM on Thursday. He added that the ministry has established a national strategy to reduce this financial burden and its repercussions. He further noted that Tunisia aims to increase its renewable energy-based electricity production from the current 600 megawatts (MW) to 3,000 MW by 2028, targeting a 35% share of alternative energy in the total production mix by 2030. To meet this challenge, Tunisia has signed agreements with four foreign companies—two French, one Japanese, and one Norwegian—for the production of 500 MW. Additionally, an international tender has been launched for 1,700 MW, including 600 MW from wind energy,' he explained. Wael Chouchène emphasized that the foreign companies will sell their entire production to the Tunisian Electricity and Gas Company (STEG) at a rate of 99 millimes per kilowatt-hour, enabling STEG to save 200 million dinars annually.
African Manager
26-03-2025
- Business
- African Manager
Tunisia produces 80 per cent of the medicines it needs
Tunisia's pharmaceutical industry has a well-developed infrastructure, with 42 factories producing medicines for human use and 4 others producing medicines for animals, Chokri Hammouda, Chairman and CEO of the Central Pharmacy, told Mosaique FM. He added that Tunisia produces 80% of the medicines it needs. 95% of these medicines are generic, while the remaining 5% are purely Tunisian products. They are just as effective as the original drugs and much cheaper,' he added.
