FITA 2023 is an opportunity for institutions and economic operators to meet the fine flower of international finance, CEOs, donors and investment funds, in order to address challenges to facilitate access to financing and to discuss financial mechanisms for reviving the African economy, development tools for Inter-African trade and investment levers on the continent. FITA 2023 objectives : A…
La pandémie a créé un besoin urgent de plus de capital patient en Afrique. Les gouvernements de tout le continent étant confrontés à des contraintes budgétaires tout en reconnaissant l'importance des investissements dans les infrastructures et les services essentiels, le PE et le VC offrent une voie intéressante pour le soutien financier. La pandémie a également accéléré la numérisation…
On fuelling economic growth in Africa through insurance penetration In what ways did the Covid-19 pandemic impact the insurance sector in Africa? FARID CHEDID: Government measures to reduce the spread of Covid-19 such as national lockdowns have translated into slow economic growth, and in some cases recession. The performance of the insurance sector is traditionally closely linked to that of the…
The pandemic has created an urgent need for more patient capital in Africa. With governments across the continent facing budgetary constraints while recognising the importance of investment in essential infrastructure and services, private equity (PE) and venture capital (VC) offer an attractive avenue for financial support. Covid-19 has also accelerated digitalisation in key African markets, which…
While the structure of Tunisia’s banking sector prevents it from adequately financing the economy at large, recent developments in the microfinance segment are helping to attract customers. The impact of these new players is especially being felt among the small business community. Despite the fact that multiple microfinance associations were active beforehand, it was only after Tunisia’s 2011…
In December 2007 the Tunis Stock Exchange (Bourse des Valeurs Mobilières de Tunis, BVMT) launched an alternative market with considerably softer entry requirements than those on the principal market. The project was set up to provide small and medium-sized enterprises (SMEs) with a means to raise the funds necessary for their development. After a decade of existence the market has made certain advances,…
Activity on the Tunis Stock Exchange (Bourse des Valeurs Mobilières de Tunis, BVMT) has traditionally been characterised by demand from relatively small investors, as well as a limited amount of international investment. Meanwhile, the contribution of institutional investors has been marginal, negatively affecting the development of the country’s capital markets. However, a move towards mark-to-market…
Although Tunisia does not have the same exposure to large-scale earthquakes as Algeria and Morocco, it regularly faces the consequences of significant flooding to both rural and urban areas. These events regularly cause extensive damage. According to figures from Tunisia’s Ministry of Local Affairs and Environment, natural disasters have an annual economic impact of roughly $138m, with floods accounting…
In a context of significant macroeconomic challenges, Tunisia’s banking sector has demonstrated solid performance over 2017 and 2018. However, banking activity still faces several challenges, and its resilience in overcoming these will determine the success of its evolution over the coming years. Ongoing liquidity insufficiency, coupled with credit risk and reduced levels of capitalisation are primary…
The period of easily raising funds from abroad seems to be coming to an end for emerging markets around the world. In the new environment of higher interest rates in the US and increased competition for capital flows, portfolio managers are becoming more selective with where they place their money. One way for developing nations to ensure that their financial markets can continue to attract foreign…