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Strategy eyes increased presence in Africa (IACE).

TUNIS, (TAP)- The Arab Institute of Business Leaders (IACE) developed a strategy to "set up an optimum and optimistic partnership with Sub-Saharan Africa."

The strategy, which revolves around thirty-five recommendations for the 2015-2025 period, crowned an IACE forum held early June on "Tunisia and Sub-Saharan Africa: for a Strategy of Sustainable Integration."

Tunisia can double, within five years, its exports of goods to Africa which are currently estimated at about 700 MTD, the Institute pointed out.

IACE said it would be opportune to involve a third party in technical cooperation, namely a funder (the African Development Bank, the Islamic Development Bank or the World Bank) given that neither Tunisia nor Sub-Saharan Africa countries have the necessary means.

The turnkey projects formula ought to be prioritised; it is based on devising adapted projects and finding sponsors, it noted.

A score of twenty new air links which Tunisair intends to operate in Sub-Saharan Africa by 2018 should include cities where Tunisian consular missions are based so as to ease visa-granting procedures.

IACE also deemed necessary for the national airline to conclude a partnership agreement with Morocco's RAM, Egyptian Egyptair or Italy's Alitalia so as to increase air routes to Cablanca, Cairo or Rome.

For sea transport, the strategy is premised on a better operating of existing maritime links. Strategic partnerships between international shipping companies and companies running ports, on the one hand, and the Tunisian Shipping Company (CTN), on the other, are highly recommended.

Additionally, the Institute's strategy is founded on establishing partnerships with French or Moroccan banking networks, negotiating investment protection agreements and setting up a strategic monitoring and economic intelligence unit.

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Publication:Agency Tunis Afrique Press
Geographic Code:60SUB
Date:Jun 9, 2014
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