Analysis

Tunisian tourism sector has learned lessons from the past few years
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Prior to the 2011 revolution, political stability and low-cost all-inclusive packaged holidays turned Tunisia into a safe, affordable and sunny destination for holidaymakers. But, while it ensured regular tourist flows to the country every year, their numbers only evolved by 2m in the decade leading to 2010, increasing from 5m to just 7m, which is slow if compared to other Mediterranean markets like…

Analysis

Tunisia olive oil segment saw unprecedented growth in 2015
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Owing to favourable weather and efforts to improve sector organisation, in 2015 Tunisia was the world’s second-largest olive oil producer and its top exporter. As of October 31, 2015, coinciding with the end of the 2014/15 agricultural season, Tunisia’s 90m olive trees had returned 350,000 tonnes of olive oil. The uptick in domestic output coincided with a shortfall in global production, which…

Analysis

Tunisian education system working on synergies with industry
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As the country grapples with high unemployment rates among graduates, the government is looking to reform Tunisia’s higher education system to improve standards and ties with private businesses. Tunisia recently rolled out a 10-year educational development plan known as the Strategic Plan for the Reform of Higher Education and Scientific Research 2015-25. The plan is based on five main objectives:…

Analysis

Tunisian pharmaceutical industry is looking to export more
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Over the past decade, the Tunisian pharmaceutical sector has experienced steady double-digit growth at between 10% and 15% a year as a result of increased domestic demand for drugs, emerging export markets and the implementation of a favourable business environment. As a whole, the Tunisian drug sector generated $745m in 2015, with local private production accounting for 60% of the domestic market’s…

Analysis

New Tunisia energy regulation expected to have wide-reaching effects
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Days before Tunisia’s first democratically representative constitution was ratified on January 26 2014, Article 13 was overwhelmingly adopted by the National People’s Assembly 182 votes to 1. The article aims to ensure transparency in the energy sector, particularly for extractive industries. “Natural resources belong to the people of Tunisia,” it reads. “The State exercises sovereignty on…

Analysis

Government promoting renewables in Tunisian energy sector
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Renewable energies, especially solar, have significant potential in Tunisia. The country boasts annual irradiation rates of approximately 1800 to 2600 KWh per square metre, over 20% more than the most irradiated sites in Europe. Today, around 97% of electricity is still generated through fossil fuels. Renewable energy, most of which is currently produced by Tunisia’s two wind farms, accounts for…

Overview

Tunisia leads the way in democratic reform in region
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Tunisia has been going through a watershed period in its modern history, with the revolution of 2011 bringing much-needed change and reform. While the country has avoided much of the instability of the wider region, it has nonetheless undergone a spell of turbulence, testing the country’s newly found democratic bonds. However, with a young population and the potential expansion of the resource base,…

Overview

International community supporting political reform in Tunisia
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Tunisia has received ample coverage as one of the few – if not arguably the only – true success stories of the Arab Spring. Much of substance has been achieved in the last five years, as the country has taken the first steps towards becoming a robust and transparent democracy, showing a propensity towards consensual dialogue and negotiation. While Tunisia may be in a better position than many of…

Overview

Expected regulatory changes and measure to address tight liquidity are set to bring Tunisia's banking sector back to health
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While it is a crowded market, 11m-person Tunisia has long had one of the most developed banking sectors in North Africa, with a range of commercial banks, offshore lenders, leasing companies, sharia-compliant institutions and microfinance firms targeting a wide variety of segments. The Tunisian financial services industry, of which banking is by far the largest component, accounted for 3.7% of the…

Overview

Banking
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The Company Banque de l’Habitat (BH) was established in 1989 following the conversion of the National Fund of Housing Savings into a commercial bank. BH has established itself as a pioneer in the mortgage segment in Tunisia, playing a major role in the ownership rate over the past 30 years. After the revolution, the economic consequences that followed highlighted weaknesses of equity ratios, but…