Analysis

Tunisia's organic farming attracting government and foreign interest after experiencing rapid growth
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Organic agriculture is relatively new in Tunisia, initiated in the 1980s through the private sector and only slowly developing up until the late 1990s. However, given the potential of this segment for Tunisia’s economy as a whole, it has benefitted from increasing attention from industry authorities since the early 2000s, which has led to much faster growth; organic-cultivated land expanded from…

Analysis

A review of listing on Tunisia's debt and equities markets
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The Tunis Stock Exchange (Bourse des Valeurs Mobilières de Tunis, BVMT) was created in February 1969 and as of April 2018 listed 81 companies. Stock exchange regulations were significantly revised by Act No. 117 of 1994, which reorganised the financial market. This law was accompanied by other legislative measures, including regulatory changes to the public prosecutor’s office and the Financial…

Overview

Tunisia's recent political achievements building on rich and diverse past
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After the modern Tunisian Republic was founded in 1956, Habib Bourguiba, known as the father of the nation, tempered the influence of religion, pushed for women’s rights in the Personal Status Code and created secular, coeducational and bilingual schools, making Tunisia a leading modern example regionally. Building on these foundations, following the 2011 Jasmine Revolution Tunisia rose…

Overview

Tunisia's political stability central to economic development
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The Republic of Tunisia established a unitary semi-presidential democratic government after its independence from France in 1956. Under the reign of President Zine El Abidine Ben Ali, who ruled from 1987 to his ousting in the Jasmine Revolution of 2011, political stability and a measure of economic prosperity prevailed, even while political and social freedoms were curtailed. The new 2014…

Overview

Tunisia's economic reforms tackling structural issues
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Tunisia is working to gradually improve its economic indicators by means of tough yet necessary structural reforms. Although significant strides have been made since 2011, the country continues to face acute macroeconomic imbalances, while coincident reforms have suffered from changing administrations in the years following the revolution, negatively affecting economic growth. Appointed in…

Overview

Regulators deepening Tunisia's capital market offerings
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While Tunisia has faced weak economic growth and high inflation in recent years, the country’s stock market continued to grow over the 2016-17 period, even though its contribution to private investment financing remains relatively modest compared to that of the banking sector. Measures to deepen the market, however, are under way, aiming to attract an increased number of small and medium-sized…

Overview

Tunisia's insurance sector-wide reforms aim to boost premiums and profitability
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Despite relatively low penetration, Tunisia’s insurance sector has been growing steadily, with the rapid expansion of existing segments, such as life insurance, and the development of new ones, like takaful (Islamic insurance). The expected implementation of a revised insurance code, along with efforts to improve key growth and profitability areas, including client services and risk management,…

Overview

Transport infrastructure spending fueling Tunisia's economic growth
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Leveraging its geographic positioning at the centre of the Mediterranean, Tunisia’s transport sector has been crucial for the country’s economic progress. Well-connected shipping and air transport lines have proven essential to developing the tourism sector and raising commercial trade levels in international markets. Key industrial segments such as aeronautics, automotive components and…

Overview

Hydrocarbons exploration and renewable energy projects aim to address Tunisia's energy needs
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Situated between two energy-producing giants, Tunisia has not been as fortunate as some of its regional neighbours in terms of hydrocarbons resources. While comparably modest, the country’s oil and gas reserves have nonetheless provided an important contribution to economic growth and development. However, a lack of promising new discoveries has compounded concerns regarding the rapid depletion of…

Overview

Social housing programmes and private investors driving Tunisia construction and real estate market
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Carried by the government’s focus on expanding the middle class – together with rising rates of urbanisation – Tunisia’s real estate sector has grown accustomed to years of gradual expansion. While it is recognised as one of the most interesting markets in the region due to its stability and development potential, recent years have nonetheless brought some challenges, including regulatory blockage…