Tunisia’s economy is gradually bouncing back after facing a number of challenges over the years. As with any thriving global economy, a reliable news source is essential to keep up-to-date on trends, developments, and policy changes that may have an impact on various industries. In this article, we focus on the top 5 must-read business news in Tunisia today.
1. Tunisian Investment Forum Establishes New Opportunities
The Tunisian Investment Forum (TIF), held between June 11th and 12th this year, was an immense success, attracting over 700 businessmen and women from across the globe. The forum showcased exciting new projects and opportunities for investment in Tunisia, with a particular focus on renewable energy and agricultural development. The TIF is part of a wider government initiative to attract more investment to Tunisia through promotion of the country’s economic potential and the implementation of new policies that strengthen the business climate.
2. Tunisian Bank Introduces Finance Plans for SMEs
Attijari Bank, a well-established financial institution in Tunisia, has recently launched a new program aimed at expanding access to finance for small and medium-sized enterprises (SMEs) across the country. The program, which will be accessible through the bank’s wide network of branches, aims to increase awareness of available financing options and improve the financial literacy of SMEs. This initiative is an important step towards strengthening the capacity of SMEs to grow, which is essential for the overall economic growth of the country.
3. Tunisian Government Announces Plans for Major Infrastructure Development
The Tunisian government has recently announced plans for a $14 billion infrastructure development project that will be implemented over the next five years. The project will see the construction of a new airport, roads, and railway lines, among other key developments, which will most certainly have a tremendous impact on the country’s economy. These developments will not only boost the GDP but they will also enhance connectivity for individuals and businesses working in Tunisia.
4. Top Energy Companies Sign Memorandum of Understanding for Renewable Energy in Tunisia
In May 2021, Tunisia signed a Memorandum of Understanding (MoU) with several leading energy companies including Total, Eni, and Naturgy, to explore viable options for developing renewable energy projects in the country. This project aims to provide access to green energy, reduce dependence on traditional fossil fuels and improve Tunisians daily lives. This is one of many significant steps taken by Tunisia towards fostering a sustainable energy future and meeting the growing energy demand across the country.
5. Unlimited Possibilities as Tunisia begins to Export Olive Oil
Tunisia is the largest exporter of organic olive oil worldwide, with a yearly production averaging at 130 thousand tons. Over the past few years, Olive oil has become a vital export for Tunisia – now accounting for around 40 percent of the country’s total agricultural exports. The government has a goal of increasing the number of exports to 200 thousand tons by 2024, utilizing organic farming techniques and ensuring a sustainable demand throughout the year.
In conclusion, Tunisia’s exciting developments within the business sector are worth keeping an eye on. There is indeed a steady growth of opportunities in Tunisian industries, particularly in renewable energy, agriculture, and infrastructure. However, the country still adopts a cautious approach towards political and economic stability. Nevertheless, Tunisia remains a crucial player on the global stage for international businesses and investors seeking favourable returns.
