Tunisian government to sell stake in Carthage Cement

Tunisia: Finance Minister Lamia Zribi has said that the Tunisian government has decided to sell its share in Carthage Cement. It owns an estimated 41% share of the cement producer, according to Tunis Afrique Presse. Zribi said that the decision was due to financial problems at the company as well as issues with production and export. Carthage Cement's chief executive Ibrahim Sanaa has blamed a rise in production costs on a poor construction market and production overcapacity.