Blog

15 Nov
0

AmCham Advances Tunisian Energy Strategy– Supporting the 2020 Energy and Climate Change Agenda

AmCham continues its policy advocacy in alignment with national goals to promote energy independence. In a proactive engagement with key private and public stakeholders, AmCham initiated a series of informational and strategy sessions. Meetings held in May created an action-oriented agenda for the advanced 2019 Joint Economic Commission (JEC2) and “Door Knock” dialogue led by Mr. Naceur Hidoussi AmCham’s senior leaders and the American Congressional delegation in Washington, DC. A February 2020 update session chaired by AmCham Board Member Rym Bedoui Ayari will track progress from the Spring 2019 discussions in a dynamic industry implementation round table on both energy and climate change issues.

Promoting renewable and alternative energy solutions with an added focus on climate change, remains an AmCham priority. Tunisian increasing energy dependency is reflected in the INS Data below. AmCham continues to track the Government’s proactive agenda committed to in the Spring AmCham session designed to facilitate licensing for new alternative energy projects designed to accelerate the availably of new capacity. AmCham’s actions in securing these Government initiatives, align well with the Tunisian Energy Reform Plan. TAP/Banet (October 22) cited Tunisia’s Energy Reform Plan is essential to easing the country’s budget and trade balance constraints along with the removal of energy subsidies.

“An alternative energy project could be operational as soon as installation is complete”.

AmCham’s pre- Door Knock and JEC2 Advocacy and Government of Tunisia dialogue resulted in a commitment to the following action items:

  • Ministries (Industry/Energy) will develop transparent online processes for both Investors and administrators in Alternative Energy projects
  • Installation and operational time will be accelerated by more timely government oversight of required technical equipment installation
  • Government oversight of the installation of the energy “ticker/counter” device essential to linking alternative power sources to the grid could be pre-approved with pre-ordered

Shifting Geo-Political Risks – Tunisian Energy Dependency (2010 -2019)

Babnet/Tap (Oct 22) reported in 2018, the total amount of subsidies exceeded 7% of the state budget, in addition to hydrocarbon imports which accounted for one-third of the trade deficit. AmCham notes Tunisian exposure to geo-political risks and related energy dependencies increased as illustrated below.

  • Imports from the EU (Chart 1) have increased post-revolution reflecting decreased supply from the region (i.e. political/social volatility in Libya and a lesser extent Algeria)
  • The EU, specifically Italy may source energy from region thus Tunisia’s Central Bank reserve positions are increasingly exposed to both USD and Euro depreciation/appreciation trends.
  • Imports from the US have remained relatively stable

Chart 1 – Energy Dependencies – Regional Focus Shifts to EU (2010-2019 YTD) (Source INS Data – Subject to Data Gaps/AmCham)

Chart 2: Top 12 Energy Imports (Kg) -2010-2019 Italy Sourced Imports Increase (Source: INS Data – Subject to Data Gaps/AmCham)

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31 Oct
0

Olive Art-Plus: High quality Olive wood

Olive Art Plus, based in Sfax, transforms natural repurposed olive wood into high quality unique pieces of olive art for both the table and uniquely artesian decorations. Best sellers domestically and now internationally, include salad bowls; fruit trays; cutting boards and modestly priced hand crafted salad tossing spoon/fork sets.

Rare craftmanship preserved and promoted by the Olive Art enterprise, celebrate both innate Tunisian cultural talent and development of sustainable environmentally “friendly” craft work. Friendly, efficient and warm customer service is as important as maintaining first class artesian quality.

AmCham’s Export Lab project helped create the Olive Art success story. “One on one” coaching engaged both local consultants international experts. An action oriented strategy resulted in Olive Art’s first of many United States sales – attracting a well-known distributor of high end household items. Now with Miami, Florida and British based sales platforms, Olive Art’s products benefit from an international and profitable distribution channel.

Olive Art’s future is bright. Export Lab’s expertise and Olive Art’s diligence now feature Tunisian craftsmanship at its best in international fairs and food shows. New York Now, Atlanta Fair, Tokyo Fair, Ambiente represent only a few of Olive Art’s new highly visible promotional partners – prompting global access to one small but exciting outcome of Tunisian artisan excellence.

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23 Oct
0

AmCham Sponsors Women in Tech : Prompts Board Action

The AmCham Women in Tech session 21 October co-sponsored with US Embassy and Chamber Nationale de Femmes Chefs d’Enterprises, resulted in a new strategy for the AmCham Board to consider.  OneTech, a prominent AmCham member and several women owned enterprises led the robust discussion. The corporate productivity benefits of more inclusive ‘gender balanced’ hiring and brining women into more senior management roles was the key theme.

Productivity Considerations for Tunisian and American Businesses

Almost 100 participants engaged in the dialogue which reference recent research by both McKinsey and the work Bank. Some estimates suggest that productive increases by almost 60% when enterprises actively engage more women especially at the C Suite and Board level. Both American and Tunisian firms serve to benefit by taking more pro-active policy measures in promoting broader women and minority participation.

Promoting Tunisian Expertise and Job Growth

Women in Tech and the development of FinTech can and do create new job opportunities. Tunisian women are highly educated in tech jobs but may be underutilized unless they are trained ‘soft skills’ to compete and access sustainable careersAmCham Board will consider ACTIONABLE remediation opportunities.

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16 Oct
0

Tunisia – Positive Regional Growth and Improving Trade Alliances COMESA

Overall regional bright spots and commitment to pan-African free trade agreements are expected to positively bolster Tunisia’s resiliency.  International perspectives support an optimistic outlook for continued regional growth. Moody’s Inside Africa(October 2019) cite Egypt’s rate cut and easing inflation as supporting bank revenue and economic growth.  Recent actions by the Central Bank of Morocco, are also viewed by Moody’s as positive for the Moroccan banking sector and by implication, Moroccan ownership interests in the Tunisian financial sector.

Trade alliances for Tunisia, North Africa, and the continent  are positively recognized by AmCham Tunisia, although remaining neutral on  recent political developments.  Fitch’s Africa Monitor (November Edition 2019), highlights Tunisia’s “challenging policy environment” post-election, coupled with a “stormier global environment”.   For Africa generally, Fitch Solution reports strengthening of trade agreements including the May 2019 African Continental Free-Trade Area — the world’s largest free-trade zone. Economic and trade integration for Africa are expected to promote higher growth and create new investment opportunities. This is good news for the investment community. Tunisia trade and investment benefit from its entry into COMESA last year and, as announced at the September meeting,  it’s proposed entry by year end 2019 to the COMESA Free Trade Area.

https://www.comesa.int/2019/09/27/countries-participating-in-the-comesa-fta-set-to-increase/

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16 Oct
0

KATIA SAYARI: Export Lab Success story

KATIA SAYARI is specialized in Glassware and Glass Decoration. She is based in Tunis with a workshop in the artisanal village of Denden since 2002. Her showroom in Denden is a picture of her artistic expression. Glass is displayed in all its splendour and panoply of forms and patterns.

Her inspiration comes from nature and Tunisia, and this is reflected in her creations. The artistic touch of Katia, her mastery of a rare and exceptional know-how, her creation and her ability to move with market trends has helped her develop a presence in both the local and international markets. She joined Amcham’s Export Lab program in February 2018, and benefited from assistance and coaching. 

The Export Lab offered Katia the opportunity to export her products to difficult-to-access markets such as the United States and Japan. She has been successful supplying several deliveries to the United States while satisfying her customers and she is working on strengthening her partnership with her Japanese customers. Ambitious and determined, Katia still intends to expand the business by investing in new ranges and collections.

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11 Sep
0

PowerGen Europe 2019

La Section Commerciale de l’Ambassade des Etats-Unis à Tunis a le plaisir de vous informer de l’organisation d’une délégation d’hommes d’affaires tunisiens pour visiter le Pavillon Américain au Salon PowerGen Europe 2019 (dédié aux technologie de la production d’électricité)  https://www.powergeneurope.com/welcome  qui se tiendra à Paris en France du 12 au 14 Novembre 2019.

Le Salon:

PowerGen Europe est reconnu comme le lieu de rencontre annuel de la communauté mondiale des technologies de production d’électricité. Le Salon continue de reconnaître le rôle essentiel que joue la production flexible dans la transition énergétique et les tendances en faveur de la production décentralisée, ce qui en fait la plaque tournante d’échanges d’expériences, de technologies, et d’opportunités commerciales.

Pour la première fois cette année, le salon PowerGen 2019 sera co-localisé avec European Utility Week, ce qui constitue une opportunité unique pour tout savoir sur les technologies de la transition énergétique. Les thèmes ont été spécialement choisis pour que les praticiens du secteur soient en mesure de s’adapter à l’évolution rapide du secteur de l’énergie, notamment des thèmes tels que la production décentralisée, les turbines à gaz, et la gestion du cycle de vie.

PowerGen aura la participation des principaux producteurs d’électricité, des services publics, des gouvernements, et des fournisseurs de solutions. Que vous vous concentriez sur l’optimisation des actifs existants, l’exploration de nouvelles opportunités ou le développement de nouvelles entreprises basées sur les technologies numériques dans l’énergie et l’électricité, PowerGen vous assurera de rester à la pointe du secteur.

Produits, équipements, technologies, et exposants :

PowerGen 2019 attire les décideurs et les donneurs d’ordre de milliers d’entreprises internationales, notamment les chefs d’entreprises, ingénieurs, développeurs, producteurs d’électricité public et privé, fabricants, et experts dans un large éventail d’équipement et technologies :

  • Turbines à gaz
  • Co-génération industrielle
  • Solutions off-grid et hybrides
  • Solutions et technologies des énergies renouvelables
  • Constructeurs EPC
  • Générateurs et pompes hydrauliques
  • Générateurs de vapeur à récupération de chaleur / Heat Recovery Steam Generators (HRSG)
  • Unités de production combinée de chaleur et d’électricité / Combined Heat and Power Units (CHP)
  • Systèmes de gazéification
  • Détecteurs de flammes
  • Equipement et système électriques
  • Equipement et système de control des émissions
  • Systèmes et technologies biomasse
  • Equipement hydro-électromécanique
  • Réservoirs et navires de stockage
  • Systèmes de valorisation énergétique des déchets
  • Smart Grid Technologies
  • Fabricants de compteurs,
  • Solutions digitales et de cyber-sécurité.
  • Engineering, design, et installation
  • Développeur, installateur, et constructeurs

Veuillez trouver la liste complète des exposants sur ces liens : https://www.powergeneurope.com/exhibitors-list

Avantages pour les sociétés tunisiennes:

• Enregistrement gratuit sponsorisé par l’Ambassade des Etats-Unis et préparation des badges d’entrée
• Séances d’information au Salon (briefing)

  • Visite guidée au Pavillon américain au salon
    • un matchmaking personnalisé et traduction en cas de besoin pour les réunions avec les sociétés américaines .

Les sociétés intéressées à visiter le salon PowerGen 2019 (y inclus European Utility Week ) doivent envoyer les informations ci-après demandées à l’adresse aouadhis@state.gov avant le 25 Octobre 2019.

-Mr. or Mrs.

-Delegation member name (First, Last)

-Job Title

-Company Name

-Company Product

-Address

-Phone Number

-Cell Phone Number while at show (if available)

-Fax Number

-Email Address

-Buying Interest (Business objectives)

-Specific Products looking for at the show

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15 Jul
0

AmCham Tunisia’s 30th Anniversary Celebration

A high profile reception took place on Friday June 21st , 2019 to celebrate AmCham Tunisia’s Anniversary.

AmCham Tunisia’s 30th Anniversary reception was hosted and held at the Laico Hotel Tunis in a glamorous atmosphere surrounded with Jazz music. The celebration brought together nearly 250 high-level guests and witnessed the presence of H. E. Mr. Donald Blome, the US Ambassador in Tunisia, many Tunisian Politicians, high government officials, foreign embassy representatives as well as AmCham Tunisia members and friends.

Another highlight of the evening was the presentation of Mr.Naceur Hidoussi, AmCham Tunisia President, who warmly thanked AmCham Tunisia Members, friends, staff and sponsors for sharing these special moments and for their continuous support. Mr.Hidoussi said that “Over the past 30 years, working on a nonprofit activity basis, yet on a very professional level, AmCham Tunisia has organized successful events on ongoing economic, business, financial, educational and societal topics.”

AmCham Tunisia’s 30th Anniversary Celebration was sponsored by Group AL Badr, STB, IMI, Jansen & Jansen, Laico Hotel & Université Centrale.

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07 Jun
0

Gift of the Eid from senators Menendez and Romney

WASHINGTON – Senator Bob Menendez (D-N.J.), Ranking Member of the Senate Foreign Relations Committee, and Senator Mitt Romney (R-Utah), yesterday introduced a Senate resolution to reaffirm the U.S.-Tunisia partnership, and to publicly support Tunisia’s ongoing transition into a vibrant and stable democracy. As Tunisia heads towards scheduled parliamentary and presidential elections later this year, the senators praised the Tunisian people and their political leaders for their commitment to democracy and rule of law.

“I am pleased to introduce this resolution reaffirming the strong partnership between Tunisia and the United Stat

WASHINGTON – Senator Bob Menendez (D-N.J.), Ranking Member of the Senate Foreign Relations Committee, and Senator Mitt Romney (R-Utah), yesterday introduced a Senate resolution to reaffirm the U.S.-Tunisia partnership, and to publicly support Tunisia’s ongoing transition into a vibrant and stable democracy. As Tunisia heads towards scheduled parliamentary and presidential elections later this year, the senators praised the Tunisian people and their political leaders for their commitment to democracy and rule of law.

“I am pleased to introduce this resolution reaffirming the strong partnership between Tunisia and the United States,” said Senator Menendez. “Across the Middle East and across the world, it is critical that the United States stand strong with partners in pursuit of democratic values including free and fair elections, respect for the rule of law, and universal freedoms and rights for all citizens. Particularly as instability mounts around its borders, it is critical to reaffirm our support and our shared values, interests, and pursuit of long term stability and security.”

“As the Chairman of the Foreign Relations Subcommittee with jurisdiction over matters concerning U.S. relations with Tunisia, I’m proud to join ranking member Menendez in introducing this resolution today,” said Senator Romney. “With this resolution, we reaffirm the partnership between Tunisia and the United States and support the Tunisian people in their pursuit of freedom and democracy.”

During the Arab Spring protests of 2011, Tunisians ousted dictator Zine El Abidine Ben Ali, and held the first competitive elections of the Arab Spring. Despite facing economic and security challenges, Tunisia has continued to reform its political system, adopting a new constitution in 2014 and holding new elections that same year.

A copy of the resolution can be found here.

es,” said Senator Menendez. “Across the Middle East and across the world, it is critical that the United States stand strong with partners in pursuit of democratic values including free and fair elections, respect for the rule of law, and universal freedoms and rights for all citizens. Particularly as instability mounts around its borders, it is critical to reaffirm our support and our shared values, interests, and pursuit of long term stability and security.”

“As the Chairman of the Foreign Relations Subcommittee with jurisdiction over matters concerning U.S. relations with Tunisia, I’m proud to join ranking member Menendez in introducing this resolution today,” said Senator Romney. “With this resolution, we reaffirm the partnership between Tunisia and the United States and support the Tunisian people in their pursuit of freedom and democracy.”

During the Arab Spring protests of 2011, Tunisians ousted dictator Zine El Abidine Ben Ali, and held the first competitive elections of the Arab Spring. Despite facing economic and security challenges, Tunisia has continued to reform its political system, adopting a new constitution in 2014 and holding new elections that same year.

A copy of the resolution can be found here.

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29 Apr
0

Up to $10 million for information on Hizballah

The United States is offering a reward of up to $10 million for information that will help disrupt the financial operations of the global terrorist organization Hizballah.

The U.S. Department of State offers rewards to bring terrorists to justice and prevent acts of international terrorism against Americans as part of “Rewards for Justice.” Since the program began in 1984, the U.S. government has paid more than $150 million to more than 100 people who provided information that resulted in successful prosecutions or prevented acts of terrorism worldwide.

Specifically, the U.S. is seeking information that helps to identify Hizballah’s:

  • Revenue sources, including major donors.
  • Banks or institutions used to make transactions.
  • Businesses or investments.
  • Criminal schemes to launder money.
  • Front companies that procure technology that could be used for weapons.

Hizballah is a Lebanon-based terrorist organization that receives weapons, training and money from Iran. Hizballah generates revenue from a combination of support from Iran, international businesses and investments, a network of donors and money laundering activities.

The three individuals are prime examples of key Hizballah financiers or facilitators the United States has designated as “Specially Designated Global Terrorists”:

Adham Tabaja is a Hizballah member who conducts business throughout the Middle East and West Africa on behalf of Hizballah.

Mohammad Ibrahim Bazzi is a key Hizballah financier who has provided millions of dollars to Hizballah generated from his business activities in Europe, the Middle East and Africa.

Ali Youssef Charara is a key Hizballah financier who has received millions of dollars from Hizballah to invest in commercial projects that financially support the terrorist group.

More information about these reward offers is located on the Rewards for Justice website at www.rewardsforjustice.net or through e-mail (LH@rewardsforjustice.net).

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03 Apr
0

AmCham Egypt Career Development Center

About the program

The Board of Directors plays an important role in setting the organizational strategies and its governance. This program highlights the main functions and duties of the board and delves specifically in the director’s role in setting company strategy and preparing for its implementation.

The AmCham – CDC partnered with the Institute of Directors – UK to offer a comprehensive executive development program for members of the board based on the latest theories and best practices. The program addresses the function of board and its members, the role of directors in strategy and marketing, and the role of directors as leaders in the organization among other topics.

The program is based on the IoD curriculum and conducted by international faculty who possess practical and theoretical knowledge and have consulted amany companies worldwide.

Certificate: An attendance certificate from the Institute of Directors and the American Chamber of Commerce in Egypt will be granted to participants who complete the courses.

The program is particularly targeted at, but not limited to:

  • CEOs & Managing Directors
  • General Managers
  • Board Members & Potential Board Members

Course overview:

In today’s business world, every director needs to recognise the key financial concepts and terminology that underpin a successful understanding of their organisation’s financial position. This course, designed for non-financial directors, will demystify the world of finance, allowing you to monitor the financial health of your business, evaluate business plans with confidence and contribute more effectively to boardroom discussion.

Learning objectives:

  • Identify the financial role and responsibilities of directors
  • Interpret financial statements in accordance with accounting principles and standards
  • Establish the financial health of a business using accepted financial ratios
  • Distinguish between management accounts and the statutory financial reports of a company
  • Differentiate between the various sources of finance available to a company and their relative advantages and disadvantages
  • Interpret the key components of capital investment appraisal

More information about AmCham Egypt CDC

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