See also:
» 23.02.2011 - Exodus from Libya; foreigners targeted
» 31.01.2011 - EU freezes Tunisia dictator's assets
» 17.01.2011 - Who will rule Tunisia?
» 19.06.2009 - Tunisia dismiss fears of inmates’ mistreatment
» 29.07.2008 - Tunisian terror suspects' appeal rejected
» 11.04.2008 - Tunisians protest against price hike
» 19.12.2007 - Journalist on hunger strike
» 06.12.2007 - Tunisia journalists cry foul











China wholesale online through DHgate.com


Houlihan's coupons


Finn autentiske matoppskrifter fra hele verden på Verdensmat.no:
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares


Autentiske matoppskrifter fra hele verden finner du på Verdensmat.no:
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike


Tunisia
Economy - Development | Society

Ben Ali clan owes Tunisia banks €1.3bn

Wafare in Al-Zawiya: Ambulances constantly collect dead and wounded civilians

© Anonymous/afrol News
afrol News, 17 February
- The Central Bank Director of Tunisia has revealed that companies owned by ex-President Zine Ben Ali and his wife have lent around euro 1.3 billion from Tunisian banks.

Tunisian Central Bank chief Mustapha Kamel Nabli at a press conference in Tunis said the bank had looked into the former ruling clan's business operations, discovering that a total of 182 companies owed by the ex-President, his wife Leila Trabelsi and their families had funded much of their businesses on Tunisian credits.

A total of dinar 2.5 billion (euro 1.29 billion, US$ 1.75 billion) of credits had been given to these companies by the Central Bank and other Tunisian banks. This represented 5 percent of all outstanding loans by Tunisian banks.

According to Mr Nabli, these funds however mostly could be recovered. Over 70 percent of the loans were connected to guarantees, but for dinar 430 million (euro 220 million), "there is no guarantee of recovering them," he explained at the bank's headquarters.

The Central Bank chief announced that activities of the 182 companies associated with the Ben Ali and Trabelsi families now had been put under special surveillance to assure no further funds are lost.

International assets of the Ben Ali and Trabelsi families have already been frozen after the dictator family fled the country on 14 January. Their Tunisian assets are currently under public administration.

Both ex-Dictat

Poster of Tunisian ex-Dictator Ben Ali at UIB bank entrance

© "0gust1"/afrol News
or Ben Ali and his wife Leila came from modest origins, suggesting that their great accumulation of wealth in Tunisia was done by illegal means and corruption. Especially Ms Trabelsi's sons and extended family and the couple's son-in-laws were able to accumulate great wealth and become central in key Tunisian businesses.

Meanwhile, Tunisia struggles to recover its economy after the January riots and revolution disrupted businesses, tourism and caused great material damages. The Central Bank chief however spoke of several "positive indicators", especially in the financial sector, in the Tunisian economy.

He urged Tunisian workers and businesses to "return to a normal pattern of work" to assure that international market shares are not lost and that competitiveness is maintained. Positive trends are already noted in the tourism sector, with European charter companies returning to Tunisia in the beginning of March.

Also the International Monetary Fund (IMF) this week was optimistic regarding a quick economic recovery in Tunisia. "Tunisian authorities themselves said they expect a growth of 2 to 3 percent in their economy this year. In our point of view, this seems a very reasonable forecast," IMF analyst Masood Ahmed said.


- Create an e-mail alert for Tunisia news
- Create an e-mail alert for Economy - Development news
- Create an e-mail alert for Society news


 
    Printable version


On the Afrol News front page now

Rwanda
Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Guinea
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.



front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at mail@afrol.com