Recursion Enters into Agreements to Acquire Cyclica and Valence to Bolster Chemistry and Generative AI Capabilities

SALT LAKE CITY and TORONTO and MONTRÉAL, May 08, 2023 (GLOBE NEWSWIRE) — Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, today announced it has signed agreements to acquire two companies in the AI-enabled drug discovery space: Cyclica and Valence.

“Recursion has pioneered the massive, parallel generation of -omics data with machine learning in order to map and navigate biology to discover new medicines faster. The strategic acquisitions of Cyclica and Valence add industry-leading capabilities in digital chemistry, as well as machine-learning and artificial intelligence, which combined with our large-scale automated wet-laboratories and supercomputing capabilities, enables us to deploy what I believe is the most complete, technology-enabled drug discovery solution in the biopharma industry. We look forward to showing the world proof of the compounding benefit of this full-stack approach through the rapid acceleration of our pipeline and partnerships. Amidst a rapidly accelerating global race for technology talent, these acquisitions cement Recursion as the center of gravity for the best and brightest in ML and AI who want to reimagine how drugs are discovered,” said Chris Gibson, Ph.D., Co-Founder and CEO of Recursion. “I am so excited to welcome the Cyclica and Valence teams to Recursion, especially at such a dynamic moment in history when machine learning and artificial intelligence are creating so much rapid change across every industry.”

Cyclica, headquartered in Toronto, has built two highly differentiated products in the digital chemistry space which will be integrated into the RecursionOS. MatchMaker™ is an AI-enabled deep learning engine that predicts the polypharmacology of small molecules as the foundation for small molecule drug discovery. It is able to generalize across the proteome and uses both AlphaFold2 structures and homology models. POEM™ (Pareto Optimal Embedding Model) is a unique similarity-based property prediction model. In contrast to other AI prediction models, POEM uses multiple types of molecular fingerprints to describe molecules, providing a much richer measure of similarity that leads to greater accuracy.

“Cyclica and Recursion both believe in the value of industrializing drug discovery,” said Naheed Kurji, CEO and Co-Founder of Cyclica. “Combining our proteome-wide prediction of small molecule-target interactions into Recursion’s data universe will create one of the largest fit-for-purpose biological and chemical datasets in the drug discovery space. Together, I believe Recursion will have an immense impact on human health in the years to come.”

Valence, headquartered in Montréal at Mila, the world’s largest deep learning research institute, is committed to unlocking the full potential of deep learning in the drug discovery process. The company has pioneered the application of low-data learning in drug design, unlocking the ability to design differentiated small molecules with improved properties and function from datasets too small, sparse, or noisy for traditional deep learning methods. Valence has an unparalleled track record of innovation in molecular machine learning, including best-in-class methods for AI-enabled structural biology, generative chemistry, and multi-parametric optimization, ultimately enabling the design of best-in-class or first-in-class chemistry against challenging biology.

“The integration of Valence’s powerful AI-based chemistry engine into Recursion’s diverse and data-rich operating system will help unlock the true power of AI-first digital chemistry and drug discovery,” said Daniel Cohen, CEO and Co-founder at Valence Discovery. “Recursion is a leader in technology-enabled drug discovery with a proven track record of leveraging data to uncover novel biology, and I’m thrilled for our teams to join forces and combine our respective strengths to rapidly advance new medicines to patients who need them.”

Joining forces with Recursion’s Montréal deep learning research office, Valence will become an artificial intelligence and machine learning research center to be led by Daniel Cohen with continued advisory from Yoshua Bengio.

“The acquisition of Valence gives Recursion the opportunity to create a true center of excellence for some of the most compelling AI/ML research in the world,” said Yoshua Bengio, deep learning pioneer and scientific advisor to both Recursion and Valence. “With this newly integrated group housed in the Mila ecosystem, Recursion’s team of researchers in AI and ML for drug discovery reaches a critical mass at a crucial time in the development of new AI algorithms for scientific discovery.”

Terms of the Acquisitions

Recursion has entered into agreements to acquire Cyclica for a purchase price of $40 million and Valence for a purchase price of $47.5 million, in each case subject to customary closing and post-closing purchase price adjustments. The purchase price in the acquisitions will be payable in the form of shares of Recursion Class A common stock, shares of a subsidiary of Recursion exchangeable for shares of Recursion’s Class A common stock and the assumption of certain outstanding Valence and Cyclica options. In certain limited circumstances, Recursion may pay nominal cash consideration to Valence and Cyclica shareholders in lieu of such exchangeable shares or Recursion Class A common stock. Recursion expects no material change to its cash runway as a result of these acquisitions. Recursion expects both acquisitions to be completed in the second quarter of 2023, subject to applicable closing conditions.

About Recursion
Recursion is a clinical stage TechBio company leading the space by decoding biology to industrialize drug discovery. Enabling its mission is the Recursion OS, a platform built across diverse technologies that continuously expands one of the world’s largest proprietary biological and chemical datasets. Recursion leverages sophisticated machine-learning algorithms to distill from its dataset a collection of trillions of searchable relationships across biology and chemistry unconstrained by human bias. By commanding massive experimental scale — up to millions of wet lab experiments weekly — and massive computational scale — owning and operating one of the most powerful supercomputers in the world, Recursion is uniting technology, biology and chemistry to advance the future of medicine.

Recursion is headquartered in Salt Lake City, where it is a founding member of BioHive, the Utah life sciences industry collective. Recursion also has offices in Toronto, Montréal and the San Francisco Bay Area. Learn more at www.Recursion.com, or connect on Twitter and LinkedIn.

About Cyclica
As a neo-biotech, Cyclica is efficiently advancing an industry-leading, robust and sustainable drug discovery portfolio focused on CNS, oncology, and auto-immune diseases. Cyclica has built the only generalizable platform across the entire proteome, expanding the target space for low-data targets, including AlphaFold2 structures, PPIs, and mutant oncogenic targets. Cyclica has brought together a diverse and experienced team of biologists, chemists, computer scientists, and business professionals who are collectively passionate about changing the drug discovery paradigm. By exploring the unexplored, and drugging the undrugged, Cyclica strives to impact patient health like never before. For more information, please visit: www.cyclicarx.com.

About Valence Discovery
Valence is harnessing a revolution in computation to improve human health. The company is a leader in developing and deploying AI and physics-based technologies to enable the design of differentiated small molecules with improved properties and function. Following successful partnerships with leading biotech and pharmaceutical companies, and an unparalleled track record of innovation featured in top AI journals and conferences, Valence has built a team of interdisciplinary industry veterans and computational experts focused on rapidly advancing a portfolio of internal drug discovery programs. Valence launched publicly in 2021, is supported by leading biotech and deeptech investors, and is headquartered in Montréal. To learn more, please visit www.valencediscovery.com.

Media Contact

Media@Recursion.com

Investor Contact
Investor@Recursion.com

Forward-Looking Statements
This document contains information that includes or is based upon “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995, including, without limitation, those regarding the timing and completion of the Cyclica and Valence acquisitions and the outcomes and benefits expected from such acquisitions; Recursion OS and other technologies; business and financial plans and performance, including cash runway; and all other statements that are not historical facts. Forward-looking statements may or may not include identifying words such as “plan,” “will,” “expect,” “anticipate,” “intend,” “believe,” “potential,” “continue,” and similar terms. These statements are subject to known or unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements, including but not limited to: challenges inherent in pharmaceutical research and development, including the timing and results of preclinical and clinical programs, where the risk of failure is high and failure can occur at any stage prior to or after regulatory approval due to lack of sufficient efficacy, safety considerations, or other factors; our ability to leverage and enhance our drug discovery platform; our ability to obtain financing for development activities and other corporate purposes; the success of our collaboration activities; our ability to obtain regulatory approval of, and ultimately commercialize, drug candidates; our ability to obtain, maintain, and enforce intellectual property protections; cyberattacks or other disruptions to our technology systems; our ability to attract, motivate, and retain key employees and manage our growth; inflation and other macroeconomic issues; and other risks and uncertainties such as those described under the heading “Risk Factors” in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K. All forward-looking statements are based on management’s current estimates, projections, and assumptions, and Recursion undertakes no obligation to correct or update any such statements, whether as a result of new information, future developments, or otherwise, except to the extent required by applicable law.

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Explosives discovered in Uganda ahead of protests

Uganda’s security forces say they have discovered explosives intended for use during planned anti-government protests in the capital Kampala.

An activist group, Uganda Freedom Activists, has called for nationwide protests on Monday against corruption and economic hardships in the country.

Defence spokesperson, Brig Felix Kulayigye, in a tweet said the explosives were found in Nabweru on the road to Kazo in central Wakiso district.

“These were to be used today in the city by those planning to paint it red,” Brig Kulayigye said.

Four people were arrested for alleged possession of improvised explosive devices, the army said.

Police warned the activists against organising the protests, terming them unlawful.

The activists have, however, vowed to go on with the protests, describing Brig Kulayigye as a "liar".

Source: BBC

Kénédougou: The High Commissioner invites students to strictly respect the national colors

The High Commissioner of Kénédougou province, Saïdou Sakira invited Monday, during the rotating ceremony of the raising of national colors, the students of the modern private high school of Orodara (LPMO), in the Hauts-Bassins region to strictly respect the symbols of the country.

At 7 a.m., the High Commissioner of the province of Kénédougou, Saïdou Sakira and his delegation, the staff of the school administration and the students of the modern private high school of Orodara (LPMO) sang in chorus the national anthem, the ditanye .

On the occasion, the first person in charge of the province invited the students to strictly respect the national colors, symbol of a strong and committed nation to meet the challenges of the moment.

M Sakira gave a short course in civics and patriotism while providing advice to students.

The High Commissioner also welcomed the strong mobilization of educational actors around the activity.

Source: Burkina Information Agency

Banwa: The first color climb canceled due to rain

Officials, directors and heads of provincial services met this Monday morning at the town hall of Solenzo following the call of the High Commissioner of the Banwa for the first rise of the colors since the return of public administration.

Indeed this Monday, May 8 morning around 7 am those who were invited to the rise of the colors all answered present.

Remember that since March 2022 there has been no more color upsurge in Solenzo due to insecurity.

The provincial authority addressed the citizens

But since the reconquest of Banwa province by the Defense and Security Forces (FDS) and the Volunteers for the Defense of the Homeland (VDP), the administration has opened its doors and public service has resumed to the delight of the population.

This is how Monday, May 8 was chosen to honor the rise of the national colors because Monday, 1st was a holiday.

Teachers, managers and heads of service as well as the FDS are in place to bide their time.

The high commissioner arrived in a light rain and it is for this purpose that this climb which should be held at any time has been canceled because of the rain.

According to the explanations of an element of the FDS any color which must be mounted in the morning and descended in the evening must not be done in the rain.

The flag that was ready was detached to be put away and the appointment was given in another service on the first Monday of June 2023.

Source: Burkina Information Agency

Burkina: Closing of the SNC and demonstrations of support for the Transition on the menu of the daily newspapers

This Monday's Burkinabè dailies evoke the closing of the 20th of the National Culture Week (SNC) and the demonstrations of support for the Burkinabè Transition.

The public newspaper Sidwaya mentions on its front page: "Transition in Burkina Faso: CSOs affirm their support".

The newspaper informs that the coordination of Civil Society Organizations (CSOs) organized a meeting in support of the Burkinabè Transition, on Saturday May 6, 2023, at Place de la Nation, in Ouagadougou.

In the same vein, L'Express du Faso, a private daily published in Bobo-Dioulasso, adds that the organizers of these demonstrations in support of the transition across the country can certainly be satisfied with the success.

"Fight against terrorism: Battalions of demonstrators in support of Captain Traoré", features on its headline, for its part, the dean of private daily newspapers in Burkina, L'Observateur Paalga.

The newspaper indicates that ''Boutiques closed'', this is the decor that left to see the big market of Ouagadougou, last Saturday.

He explains that traders responded massively to the call of the Coordination of Civil Society Organizations of Burkina Faso.

For its part, the private newspaper, Le Pays writes on its front page: “Meeting in support of the transition: strong mobilization in Ouaga, the attitude of the international community denounced”.

The colleague adds that this umpteenth public demonstration in favor of the new authorities comes a few days after the tragedy of Karma which created a stir among the populations.

On another angle, L'Express du Faso mentions on its front page "SNC Bobo 2023: the curtains have fallen on the 20th ".

The Bobolais daily informs that the closing ceremony of the 20th of the biennial of culture, the SNC, took place on Saturday May 6, 2023 at the house of culture Mgr Amselme Titiama Sanon.

As for L'Observateur Paalga, he adds that for a week, Burkina has highlighted its rich cultural heritage and in all its diversity through competitions organized as part of the National Grand Prize for Arts and Letters (GPNAL) .

Source: Burkina Information Agency

Boulkiemdé: New school infrastructure for school B in Tiogo-Mossi

School B of Tiogo-Mossi benefited from new school infrastructure, the laying of the first stone of which took place on Saturday, May 6, 2023, in the presence of local authorities and donors.

Three equipped classrooms, a director's office, a borehole, latrines, such is the composition of the school infrastructure that the NGO ABED International based in Germany makes available to School B of Tiogo-Mossi.

An action to be attributed to Gilbert Tiendrebeogo, son of the locality, who submitted to the NGO ABED International a request with a view to standardizing the school B created in 2012 and which has been operating since then with four classes.

On the occasion, the village mobilized to show the hosts of the day their gratitude and their recognition in the face of this saving gesture.

It should be noted that the delegation that came for the occasion was made up of local authorities, namely the secretary general of the region, Séverin Somé, the first vice-president of the special delegation of the commune of Koudougou, Urbain Kombasseré, the director regional preschool, primary and non-formal education of the Centre-West, Ardiata Sawadogo, and on the other hand the team of the NGO ABED International led by Idrissa Omer Ouedraogo.

The ceremony, rich in colors and emotions, gave rise to a festive atmosphere in the sense that the jubilant population did not fail to express its immense joy.

The President of the Parents' Association, Benjamin Yameogo and the CVD President, Marcel Yameogo, were animated by immense joy.

This is justified by the relief of the pupils as well as the parents who will no longer suffer the reverses of the recruitment which was done every two years as well as the honor done to the village by the authorities who were kind enough to enhance the brilliance of the ceremony by their actual presence.

The authorities welcomed the commitment of the daughters and sons of the village who did not hesitate to contribute their share to the development of their land but also the vision of the NGO ABED International which is part of the humanitarian and well-being -be children in difficulty.

The Coordinator of the NGO ABED International, Idrissa Omer Ouedraogo, reassured the commitment of his structure to always work to give disadvantaged children more chance to also find a place in the sun.

It should be noted that the NGO ABED International intervenes almost everywhere in Africa to provide more amenities for the education and development of children.

The inauguration of these school facilities is scheduled for early September before the start of the school year.

Source: Burkina Information Agency

Burkina / Ligue 1: AS Douanes one point from the title

The Gabelous of AS Douanes, solid leaders of Ligue 1, took a giant step towards the title by beating Sunday evening at the municipal stadium Issoufou Joseph Conombo of Ouagadougou, his direct pursuer, Salitas FC by 2 goals to 1 and widening a gap of 6 points with their challenger, two days before the end of the championship.

It was the match at the top of the Burkinabè Ligue 1 where nearly 5,000 supporters made the trip to the Issoufou Joseph Conombo stadium. Kamou Malo and his foals have assured. They met in a high-end derby, the Colombes de Ouaga 2000 decided to compete for the title until the end with the Gabelous.

It was Salitas FC who proved to be dangerous at the start of the game. But the tactical organization of AS Douanes is in place. Faced with the vivacity of Salif Bagaté, the Gabelous defense gives way after the quarter of an hour of play. The Ivorian striker scores his 15th goal of the season.

The reaction of AS Douanes will take time to react, as the Doves had more desire. It was after the break that the situation changed. In this derby of the capital, there was a fratricidal duel between the co-top scorers Batiébo and Bagaté, especially since the second city had just scored its 15th goal .

The Great Customs Offensive

The AS Douanes machine was really going to kick in on the restart, Salitas having slowed down. The Colombes metronome, Ali Vital Ouédraogo is not having a good day. He is confused. The mastery of the game escapes him, the free kicks also.

Salitas' three-man defense will cost him dearly in the last 15 minutes, especially with the multiple assaults from Ibeh Mickel and Clément Pitroipa on the sides. Salitas is physically short. Its environment is caught up in the awakening of Customs. Michel Batiébo will overflow on the right side to ideally serve AS Customs Nigerian striker Ibeh Mickaël for the equalizer (56 ' ).

Salitas protests vigorously claiming that the ball went out before the center of Batiébo. The referees remained on their position and validated the goal. Salitas goalkeeper coach Congolese Banzonzi Jacques alias Malembé is expelled. Fear has changed sides.

AS Douanes has control of the match. The many substitutions for Les Colombes did not prevent Clément Pitroipa from delivering the match point to Michel Batiébo for the winning goal (64 ' ). He joins Bagaté at the head of the top scorers. Mass has been said.

Colonel Yacouba Ouédraogo's men capitulated and AS Douanes savored their victory and especially their approach to the title. Coach Kamou is carried in triumph by his players to salute the mobilization of the Customs school to support his people.

The 4,592 spectators who moved from the municipal stadium invade the lawn. The journalists' interviews took place in the changing rooms. The president of AS Douanes Ali Guissou promises a special bonus of 2 million without forgetting the match bonus. It's party time for the players.

AS Douanes will still have to remain vigilant on the two remaining matches, if they want to taste the delights of champion of the season.

All the results of the 28th day

USFA – ASEC-K: 1-0

Speed FC – Majestic: 3-1

AS Police – AS SONABEL: 1-2

EFO – BCR: 1-1

RCK – Rahimo FC: 0-2

Royal – Real du Faso: 0-1

ASFB – ASFA-Y: 1-1

AS Customs – Salitas FC: 2-1

Ranking at the end of the 28th day

1st : AS Customs: 61 pts +27

2: Salitas FC: 55 points +16

3 rd : Speed HR: 50 pts +12

4th : Rahimo FC: 45 pts +8

5th : BCR: 44 pts +12

6th : Majestic SC: 36 pts+ 8

7th : RCK: 36 pts – 5

8th: USFA: 35 pts – 1

9th: ASFB: 34 pts – 4

10th: AS SONABEL: 34 pts – 6

11th: ASEC-K: 33 pts – 14

12th: ASFA-Y: 32 pts – 3

13th: Royal FC: 30 pts – 4

14th : EFO: 30 pts – 7

15th : Real du Faso: 27 pts – 7

16th : AS Police : 9 pts – 32

Source: Burkina Information Agency

Corruption case: Valabhjis’ lawyer claims she is “under surveillance” in Seychelles and when travelling

The main legal counsel on the Valabhji case, Samantha Aglae, alerted Seychelles’ media on Sunday evening of a breach in her constitutional rights to privacy as a result of taking on an infamous case, where businessman Mukesh Valabjhi is facing charges of alleged theft, official corruption and money laundering amounting to approximately $100 million between 1993 and 2012. He and his wife, Laura, also face a second case of illegal possession of firearms.

In an email addressed to all local media houses, Aglae claims that she has been placed on a “target list” as soon as she had officially taken on the couple’s case in June 2022.

“I was alerted that I was on the target list and even warned not to return to Seychelles as I was on the radar of the group of informal “private eye”,” – a group of individuals she has nicknamed ‘Kapon’ or cowards in Creole, she elaborated in the email.

According to her recollections, someone informed her that she was being watched and soon after “I started to receive notifications of unusual signing into my email account and I knew that Kapon was already on my tail and hard at work to infiltrate my communications,” she said.

Aglae also said that she “started noticing out of place vehicles parked across from my home with its occupants just sitting there for hours on end and then new faces started to show up from across the road, just staring and watching my home”.

She went on to add that as time passed “they became bolder and started coming into the compound to search the rubbish bin each time using different ways to access it”.

“I am bringing this matter to the forefront as such activities not only tarnishes the image of Seychelles and waste public funds but it violates the rights of the Valabhjis, my rights, those of my family and puts our lives at risk.”

According to the account she has given the press, it has even gone as far as the individuals following her to Seychelles on flights and also watching her home on the island in the western Indian ocean.

“What I cannot get used to is how much it’s costing taxpayers to have the Valabhjis’ defence team under surveillance in and outside of Seychelles as some of them travel in business class, when the average Seychellois are struggling to make ends meet. Many more can be said, but my recorded statements, photos and videos I have of my escorts are with my lawyer.”

Aglae concluded by saying that despite the breach to her rights, she will “continue to represent the Valabhjis because I cannot just stand by and allow injustice such as what is happening to my clients to happen because it could happen to anyone of us who makes it to the target list.”

Aglae is the third lawyer to join the Valabhjis legal case since it began 15 months ago.

Frank Elizabeth was the first to recuse himself although he was initially to register the Kobre & Kim lawyers from a law firm based in the UK, under his cabinet. Basil Hoareau, another local attorney, has done a short stint on the couple’s legal team.

“Their first lawyer withdrew from their case within days and their second lawyer withdrew a couple of months later after British investigator, Patrick Humphreys, working for ACCS made certain allegations against him and on that same date,” claims Aglae.

ACCS refutes allegations

Meanwhile, the SNA contacted the Anti-Corruption Commission of Seychelles (ACCS), which has been accused of being behind the illegal searches and surveillance.

ACCS chief executive May de Silva told SNA that the organisation refutes all the allegations Aglae has made in her statement, adding “that since these allegations are serious, Aglae should contact the police”.

Rights to privacy

The Constitution of Seychelles provides a very broad definition to the right to privacy. The right to privacy provides that “every person” which includes a lawyer representing clients, “has the “right” not to be searched or (have) his or her property searched without the consent of that person, nor to enter on the premises of that person without consent - unless there is a warrant issued by the court”.

The constitution also stipulates that a search cannot be carried out “without a court order to have his or her correspondence or other means of communication intercepted”.

The constitution – which is also the supreme law of the land – allows that “should a search or correspondence/ communication be intercepted upon a court order or warrant, this should be under the exceptions of the right to privacy, and necessary in a democratic society”.

Source: Seychelles News Agency

Organisers of 11th IOIG remain confident games will go ahead in Madagascar

The organisers of the 11th edition of the Indian Ocean Island Games (IOIG) remain confident that the event will go ahead in Madagascar in August as planned.

The president of the International Games Committee (CIJ), Antonio Gopal, said: “I have just recently spoken to both the Minister for Sports and the President of Madagascar, who both assured me that the games will go ahead as planned.”

In a recent article published by Reunion 1ere, on May 2, there was conflicting view on whether or not the games as there were conflicting views from the president of the Olympic Committee of Madagascar and the country’s Minister for Youth and Sports.

“Uncertainty still hangs over the future of the Island Games which are due to be held from 23 August to 3 September. The president of the Olympic Committee of Madagascar estimates the chances of the Games taking place at 2 percent. The Minister of Youth and Sports says that 98 percent, if not 100 percent of the IOG will take place,” said the article.

Gopal, who is also the president of the Seychelles Olympic and Commonwealth Games Association, remains confident that the games will go ahead.

He told SNA that in the unlikely event that Madagascar cannot host the games, then another country will have to take on the hosting duties and the games will likely be postponed up until 2025.

Meanwhile, another article on Reunion 1ere on May 4 said that “The President of the Malagasy Republic, Andry Rajoelina, candidate to his succession, has just broken his silence on the subject of the Island Games which are due to take place from 23 August to 3 September 2023 on the Big Island.”

It added that “With three months to go, President Andry Rajoelina has asked officials in the Ministry of Sports to roll up their sleeves to meet the deadline.”

The 2023 games are scheduled to take place in Madagascar from August 23 to September 3 and some of the main issues are whether or not the renovation of certain facilities will be done in time.

The IOIG is a muti-sport event that takes place every four years for athletes from the Indian Ocean Islands. For the 11th edition, 23 sporting disciplines are on the programmes with the participation of over 2,000 athletes.

They are athletics (track and field – handi-sport), badminton, basketball (3x3 and 5x5), boxing, cycling, equestrian, football, beach soccer, weightlifting, handball, judo, karate, kickboxing, wrestling, swimming (handi-sport), petanque, rugby (7x7 and 15x15), taekwondo, archery, tennis, table tennis, yachting, volleyball, beach volleyball, and surfing.

Mauritius, Seychelles, Comoros, Madagascar, Mayotte, Reunion and the Maldives are the regular participants in the games, with Mauritius, the previous hosts, claiming the most gold medals in the 2019 games.

Source: Seychelles News Agency

Nabeul: Tourist indicators on rise

Since the beginning of the year and until the end of April 2023, the number of visitors in the governorate of Nabeul has reached nearly 135 thousand tourists, i.e. a 40% rise compared to the same period last year.

The region has also recorded an increase of about 60% in terms of overnight stays, which reached nearly 350 thousand nights, "which announces a good tourist season", Regional Commissioner for Tourism in Nabeul, Wahid Ben Fraj, told the media on Monday.

For his part, Regional Commissioner for Tourism in Hammamet, Khaled Kalouia indicated that the number of arrivals at the seaside resort Yasmine Hammamet, in April 2023, grew by 165%, that is to say, about 38 thousand tourists, while the number of overnight stays during the same month, jumped by 118% to reach 121 thousand overnight stays.

He explained that the tourist resort of Yasmine Hammamet has known, since the beginning of the year until the end of April, the arrival of more than 141 thousand visitors, that is to say, a growth rate of 20.4%, and the rise of 51% of the number of overnight stays, that stands at more than 397 thousand overnight stays.

Source: Agence Tunis Afrique Presse