Tunisia: Turnover of car dealers to exceed DT 1.3 billion in 2024
The turnover of the two listed supermarket chains (Monoprix and MG) increased by 6.6% in the 12 months to 2024, reaching TND 1,914 million compared to TND 1,796 million in 2023.
Similarly, the total sales of the four car dealerships (excluding UADH) went up by 7.9% to reach TND 1,323 million at December 31, 2024, compared with TND 1,226 million in 2023.
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Food trade balance shows surplus of 823.4 MD bye end of July 2025
The food trade balance recorded a surplus of 823.4 MD during the first seven months of the year 2025, compared to a surplus of 1,729.2 MD during the same period of the previous year, according to statistics published Monday by the National Observatory of Agriculture (ONAGRI). The coverage rate of imports by exports reached 121.8% at the end of July 2025, compared to 143.4% at the end of July 2024. In terms of value, food exports declined 19.4% while imports decreased by 5.1%. The observed decline results mainly, on the one hand, from the decrease in exports of olive oil (-31.1%), dates (-12.1%) and fishery products (-4.7%), despite the decrease in imports of grain (-20.5%), sugar (-36.6%) and vegetable oils (-30.0%). The average export price of olive oil fell to TND 12.86 /kg, recording a decrease of 52.3% compared to the previous year. As for import prices of grain products, they fell by 17.9% for durum wheat and by 1.4% for soft wheat, while they increased by 6.5% for barley and 9.7% for maize. It should be recalled that the deficit of the country's overall trade balance, during the first seven months of the year 2024, had recorded an increase of 23.6% with (-11,904.5 MD) at the end of July 2025 compared to (-9,631.8 MD) at the end of July 2024. Total imports went from 46,666.7 MD at the end of June 2024 to 48,877.9 MD at the end of July 2025, i.e., an increase of 4.7%. The two product groups, energy and raw materials and semi-finished products, together represented 49.8% of the country's total imports. Food imports represented 7.7% of total imports. Total exports recorded a slight decrease of 0.2%, going from 37,034.9 MD to 36,973.4 MD. Food exports represented 12.5% of total exports. The surplus of the food trade balance thus contributed to reducing the deficit of the overall trade balance by 6.9%. Surplus of the food balance, first 3 quarters of 2024 It should be recalled that the National Observatory of Agriculture (ONAGRI) indicated that the food trade balance recorded a surplus of 1,529.7 million dinars during the first nine months of 2024, compared to a deficit of 764.7 million dinars during the same period of the previous year. ONAGRI specified, in its monthly bulletin, that the import price of durum wheat experienced a decrease of 13.3%, of 20.4% for soft wheat, 26% for barley, and 24% for maize. The price of vegetable oils also recorded a decrease of 14.4% and of 6.6% for milk and derivatives. 'The surplus recorded is essentially the result, on the one hand, of the increase in exports of olive oil (+56.9%), dates (+25.9%) and fishery products (+3.7%) and, on the other hand, of the decline in imports of sugar (-42.6%) and cereals (-20.2%) … In terms of value, food exports recorded an increase of 31.5% while imports decreased by 12.5%,' added the same source. On the other hand, ONAGRI explained that export prices saw an rise of 59.0% for olive oil, 21.8% for citrus fruits, 5.4% for fishery products and 3.5% for dates compared to the same period of the previous year.
African Manager
17-07-2025
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Listed companies: Broad-based positive performance
The net result for 2024 of the 64 listed companies that have published their financial statements (out of a total of 74) has improved by 13.3% compared to 2023, reaching a total of 3,101 million dinars (MD), according to a report published by the Tunis Stock Exchange titled 'Annual Results of Listed Companies (2024 vs 2023).' Out of the 64 companies, 46 reported profit growth. The 10 companies that have yet to publish their 2024 financials include: AETCH, ALKIMIA, SANIMED, SOMOCER, SOTEMAIL, SIPHAT, STIP, TUNISAIR, TGH, and UADH. Companies in the Tunindex20 index accounted for 77.5% of the total 2024 profits, with 2,403 MD, up 10.7% year-over-year. For the second consecutive year, dividend distribution has improved. 49 listed companies paid dividends in 2025 for the 2024 fiscal year, compared to 47 in the previous cycle. The total distributed reached 1,568 MD, up from 1,383 MD in 2023. Financial sector: 9% growth In the financial sector, the 12 listed banks achieved an overall profit of 1,683 million dinars (MD), an increase of 8.4% compared to 2023. The 7 listed leasing companies saw their annual profit rise by 10.7%, reaching 116.6 MD, up from 105.3 MD the previous year. For their part, the 6 listed insurance companies recorded a 10% improvement in their annual profit, reaching 151 MD compared to 138 MD in 2023. Across all companies in the financial sector (28 companies), the total annual profit increased by 9% compared to 2023, with an overall amount of 1,986 MD versus 1,823 MD. Regarding the Consumer Goods sector, the overall profit for 2024 increased by 15.2%. Specifically, the combined annual profit of the three major agri-food groups (Poulina Group Holding, Délice Holding, and SFBT) rose by 7.3%, reaching 546 million dinars (MD). As for the Consumer Services sector, the overall profit for fiscal year 2024 saw a sharp increase of 73.8% compared to the previous year. However, the two listed retail chains (Monoprix and Magasin General) recorded an annual net loss of 3 MD, marking an improvement from the previous year's loss of 41 MD. For the listed automotive dealers (excluding UADH, which has not yet published its 2024 financial statements), the overall profit increased by 22.8%, reaching 125 MD, compared to 102 MD in fiscal year 2023. Overall, eight out of the nine sectors recorded positive performance in 2024. The best performance was achieved by the Consumer Services sector, followed by the Basic Materials sector. Among subsectors, nine showed positive growth, with the 'Distribution' and 'Household & Personal Care Products' subsectors posting the strongest growth.
African Manager
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Tunisia: TND 3.2 billion in Foreign Direct Investment in 2024
Foreign direct investment (FDI) in Tunisia reached TND 3.2 billion for the entire year of 2024, marking a 26% increase compared to 2023, announced Jalel Tebib, Director General of the Foreign Investment Promotion Agency (FIPA-Tunisia). Speaking to the media on the sidelines of the agency's 30th anniversary celebration held last Friday afternoon in Gammarth (a northern suburb of Tunis), Tebib also noted that FDI amounted to TND 760 million in the first quarter of 2025, an increase of 25% compared to the same period in 2024. This confirms the upward trend in foreign investment and growing interest in Tunisia from investors of various nationalities, he said. Tebib expressed optimism about the future of FDI in Tunisia, stating that the country could attract between TND 6 billion and TND 8 billion in the coming years, provided that collective efforts are made to further improve the business climate and create favorable conditions for companies operating in Tunisia. 'This is not excessive optimism,' he emphasized, 'but rather confidence in the country's assets and talents.' However, he added that achieving such figures will depend on Tunisia's ability to tackle certain challenges, including competition from other countries, technological developments, and the ongoing need to adapt and modernize legislation.
