Analysis

Tunisia looking to remove impediments to financing for small businesses
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Access to finance for Tunisian firms is broadly good by regional standards. While 23.9% of firms surveyed by the World Bank’s 2013 Enterprise Survey identified access to finance as a major constraint, this was substantially below the MENA region’s average of 35.7%, and 53.6% had a bank loan or line of credit, more than double the regional average of 25.6%. However, as is common in many emerging…

Analysis

Authorities look into stimulating growth in Tunisia’s bond market
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Tunisia’s bond market is going strong, with both the government and local financial institutions – and leasing companies in particular – regularly issuing debt. Trading levels, however, are very low, though the operators of the Tunis Stock Exchange (Bourse des Valeurs Mobilières de Tunis, BVMT) are looking at ways to increase transactions. In addition, plans under way to allow corporates to…

Analysis

Government seeking to promote exports, while a new agreement with the EU is expected to positively impact Tunisian exports
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As part of efforts to promote economic development, reduce unemployment and bring down the country’s persistent current account deficit, the authorities are seeking to promote and develop exports. Tunisia’s 2016-20 development plan aims to raise the value of sales of goods abroad to 42% of GDP by 2020. The government supports exporters through a range of initiatives and organisations, old and…

Analysis

Tunisia negotiating to abolish import quotas
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As with many other emerging markets in North Africa, Tunisia has long operated a quota system for imports of certain designated goods, both processed and unprocessed. Such measures are generally introduced in large part to reduce pressure on a country’s trade deficit, and in some cases, support the development of local industries. Tunisia saw the rollout of several of these measures under former…

Analysis

Tunisia working to improve transparency and risk management in insurance
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The Tunisian insurance sector is regulated by the General Committee on Insurance (Comité Géneral des Assurances, CGA), which is a unit of the Ministry of Finance, and by the 1992 Insurance Code. The industry has entered a period of significant regulatory change following the completion of an EU-funded strategic review of the insurance market and the CGA’s subsequent announcement of a five-year…

Analysis

Tunisia exploring new development for maritime infrastructure
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Since the days of ancient Carthage, Tunisia has been hugely reliant on its ports to tap into foreign markets. Even today it conducts 96% of its foreign trade by sea. As a result, the country has a vast network of maritime-related infrastructure. It has two container ports in Tunis and Sfax and seven smaller, specialised commercial ports. More than 27m tonnes of goods transit through Tunisian ports…

Analysis

New road transport project set to come on-line in Tunisia
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In December 2015 the Road Transport Corridors Project – a $230m World Bank initiative to upgrade Tunisia’s interior roads – was launched. The project’s main purpose is to improve three key road corridors that connect lagging interior regions with Tunisia’s coastal economic growth poles, where opportunities for advancement tend to be concentrated. The bank hopes the project will reduce travel…

Analysis

ICT infrastructure in Tunisia is undergoing major network expansions and improvements
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Only six years after the launch of the country’s first 3G mobile data network, 2016 is set to see the launch of 4G long-term evolution mobile data networks in Tunisia. In March 2016 the results of a tender for licences to offer the new service, with each sold at a cost of TD155m (€71.1m), were announced: Ooredoo Tunisia came in first, with an offer of TD160m (€73.4m), followed by Orange Tunisia…

Analysis

Olive oil is still the leader for Tunisian agribusiness
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Post-revolutionary instabilities, such as strikes, sit-ins and lost tourism revenue have affected Tunisia’s agribusiness less than other sectors. “This has probably been the most resilient sector since the revolution,” Lilia Kammoun, an analyst at Tunisie Valeurs, a local business management consultancy firm, told OBG. “I think it will continue to grow in 2016 due to its resilient nature and…

Analysis

Tunisia-EU open skies agreement to help aviation and tourism
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Around two-thirds of Tunisia’s air traffic is generated by tourist arrivals, which means the aviation sector tends to be heavily impacted by the ebbs and flows of visitor numbers. For instance, in the first half of 2015 – following a pair of terrorist incidents in popular tourist areas – the number of travellers across Tunisian airports fell 21.5% compared to the same period in 2014. The country…