Tunisia: Reported investment up 7.1% to 5,614.5 million dinars in 2024 (TIA)
Reported investment at the national level reached 5,614.5 million dinars (MD) in 2024, posting a 7.1% increase compared to the same period in 2023.
This growth is primarily attributed to improvements in renewable energy (+150%), the services sector (+43%), and industry (+3%), according to the statistical report on investment declarations for 2024, published on Tuesday by the Tunisia Investment Authority (TIA).
The number of reported jobs across all sectors also rose by 6.7%, increasing from 92,337 in 2023 to 98,557 in 2024.
The TIA highlighted the predominance of new business creation projects, noting that investments related to these projects amounted to 3,804 MD in 2024, accounting for 68% of total reported investment.
These projects are expected to create 71,381 jobs, representing 72% of the total reported employment opportunities.
Industry maintains dominance in reported investment
The industrial sector retained its leading position in reported investment, representing 52% of the total reported investment, with a 3% increase compared to 2023.
It also remains a major driver of job creation, with over 45,000 planned jobs, accounting for 46% of the total employment to be generated.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
African Manager
23-05-2025
- African Manager
Tunisia: Olive Oil exports rise while revenue falls by 28.9%
The Tunisian olive oil export receipts during the first six months of the 2024/25 campaign (November 2024 – April 2025) dropped by 28.9% to 2,442.4 million dinars (MD) compared to the same period of the previous campaign, according to data published on Wednesday by ONAGRI. Only 17.7% of revenue comes from exports of packaged olive oil. The average price of olive oil in April 2025 fell by 48.9% compared to the same month in the previous campaign, ranging from 7.1 to TND 18/kg depending on the category. The European market (EU) accounts for the largest share of exports, at 59.5%, followed by North America (24.9%) and Africa (9.6%). Quantities exported from the start of the campaign to the end of April 2025 reached 180.2 thousand tons, marking a 40.1% increase compared to the same period of the previous campaign. Packaged olive oil represented only 11.9% of the exported quantities, with the rest being exported in bulk (88.1%). The extra virgin category alone accounted for 82.5% of the total volume exported. Italy is the leading importer of Tunisian olive oil, accounting for 29% of exports during the first six months of the 2024/25 campaign. Spain and the United States follow with 26% and 19.6% respectively. Regarding organic olive oil, exports reached 34.3 thousand tons, valued at around 469.1 MD, by the end of April 2025. However, the proportion of packaged organic olive oil did not exceed 5% of the total exported organic olive oil. The average price of organic olive oil is TND 13.68/kg, ranging from TND 13.47/kg for bulk oil to TND 17.65/kg for packaged oil. Tunisian organic olive oil is mainly exported to Italy, accounting for 58% of exports, followed by Spain (21%) and the United States (11%).
African Manager
19-03-2025
- African Manager
Olive Oil export revenues decline by 26.8% at end of February 2025
Olive oil export revenues, from the beginning of the season until the end of February 2025, reached 1691.4 million dinars (MD), posting a 26.8% decrease compared to the same period in the previous season, according to data published on Monday by the National Observatory of Agriculture (ONAGRI). However, the quantities of olive oil exported increased by 40.8%, reaching 132.2 thousand tons. Packaged olive oil accounted for only 10.2% of exports, while the majority was exported in bulk (89.8%). The decline in export revenues is primarily attributed to the drop in the average price of olive oil. Notably, prices fell by 54.9% in February 2025 compared to the same period the previous year, ranging between TND 8.5/kg and TND 18.7/kg depending on the category. ONAGRI also highlighted that the largest share of Tunisian exports is directed to the European market (59.4% of export volumes), followed by North America (24%) and Africa (9.5%). Italy, the top importer of Tunisian olive oil Italy remains the leading importer of Tunisian olive oil, accounting for 31.4% of the quantities exported during the first four months of the 2024/2025 season. It is followed by Spain (24%) and the United States (19.4%). Regarding organic olive oil, export volumes reached 24.8 thousand tons, valued at approximately 343.5 MD by the end of February 2025. However, packaged organic olive oil represented only 4.2% of the total exported organic olive oil volume. The average price of organic olive oil stood at TND 13.85/kg, ranging between TND 13.66/kg for bulk and TND 18.25/kg for packaged oil. Italy is also the top importer of Tunisian organic olive oil, accounting for 65% of exported quantities, followed by Spain (16%) and the United States (10%). Series of measures for the olive oil sector For years, the Tunisian government has been committed to a program aimed at enhancing the value of its high-quality olive oil. Through initiatives such as agri-food investments and innovative marketing strategies, the sector aims to transition from mass production to packaged oils. Training initiatives have been deployed to promote environmentally friendly production practices, thereby enhancing biosafety, sustainability, and conservation. The goal is clear: to position Tunisian olive oil on the global map, help local producers access high-value export markets, and improve product quality. Additionally, this initiative aims to strengthen the sector's resilience to climate change. The Tunisian olive oil sector, with roots dating back to pre-Roman times, is at a turning point in its history. Through strategic investments, well-thought-out export strategies, food safety measures, and a strong brand image, it is poised for a renaissance. Tunisia can promote sustainable economic development, stimulate agricultural innovation, and strengthen its position as the world's leading supplier of high-quality olive oil products. The future of Tunisian olive oil looks brighter than ever. It is worth recalling that Tunisia recently secured first place globally at the International Afro-Asian Extra Virgin Olive Oil Competition, organized by the Swedish group 'International Olive Oil Competitions' in Abu Dhabi.
African Manager
29-01-2025
- African Manager
Tunisia: Reported investment up 7.1% to 5,614.5 million dinars in 2024 (TIA)
Reported investment at the national level reached 5,614.5 million dinars (MD) in 2024, posting a 7.1% increase compared to the same period in 2023. This growth is primarily attributed to improvements in renewable energy (+150%), the services sector (+43%), and industry (+3%), according to the statistical report on investment declarations for 2024, published on Tuesday by the Tunisia Investment Authority (TIA). The number of reported jobs across all sectors also rose by 6.7%, increasing from 92,337 in 2023 to 98,557 in 2024. The TIA highlighted the predominance of new business creation projects, noting that investments related to these projects amounted to 3,804 MD in 2024, accounting for 68% of total reported investment. These projects are expected to create 71,381 jobs, representing 72% of the total reported employment opportunities. Industry maintains dominance in reported investment The industrial sector retained its leading position in reported investment, representing 52% of the total reported investment, with a 3% increase compared to 2023. It also remains a major driver of job creation, with over 45,000 planned jobs, accounting for 46% of the total employment to be generated.
