Latest news with #TND
African Manager
23-05-2025
- Business
- 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
10-05-2025
- Business
- African Manager
Tunisia: Energy trade deficit narrows by 3% in Q1 2025
Tunisia's energy trade deficit, including Algerian gas export royalties, decreased by 3% year-on-year to 2,937 million dinars (MD by the end of March 2025, according to a report by the National Energy and Mines Observatory. Energy exports fell by 28% in value and energy imports dropped by 88% in value. The Observatory highlighted that energy trade fluctuations are highly sensitive to three factors, namely trade volumes, USD/TND exchange rates and Brent crude prices (the benchmark for imported/exported crude and petroleum products) Brent crude averaged $13/barrel lower in March 2025 compared to March 2024. The Tunisian dinar appreciated by 2% against the US dollar (the primary currency for energy trade) year-on-year.
Zawya
06-05-2025
- Business
- Zawya
Tunisia says FDI barriers stifling growth
Tunisia has admitted that it is suffering from barriers which are blocking foreign capital into domestic projects badly needed for growth and creation of jobs for citizens. Economy and Planning Minister Samir Abdel Hafeez told a local economic seminar in the West-Central Kasserine province last week that there is a need to ease curbs on investment to achieve the targets of the 2026-2030 development plan. He said the next five-year plan, which is being prepared, would include large infrastructure projects that require measures to facilitate investment. 'There are legislative and procedural problems which are obstructing investment flow into Tunisia,' the Minister said in his comments, published on Facebook. 'These obstacles and problems are restricting investors and limiting the pace of economic development…we are working daily to improve these legislations and speed up procedures because we believe that increasing investment is the way to achieve growth, which is needed to create jobs,' he added. Abdel Hafeez said the next five-year plan would focus on attracting investment and creating jobs for Tunisians to tackle unemployment. 'The 2026-2030 plan includes strategic projects in infrastructure given their pivotal role in stimulating the economy and improving life quality for people….hence we need to improve procedures to attract more capital,' he said. Tunisia reported last month that it attracted 2.95 billion Tunisian dinars ($983 million) in 2024, an increase of nearly 19 percent over the 2023 FDI of TND 2.5 billion ($833 million). (Writing by Nadim Kawach; Editing by Anoop Menon)
Zawya
05-05-2025
- Business
- Zawya
Tunisia: Reported tourism investment intentions reach $250mln in 2024, including Qatari investments
Tunis: "The reported tourist investment intentions up to April 10, 2025, estimated at TND 750 million, include Qatari investments, National Office of Tunisian Tourism (ONTT) Director-General Mohamed Mehdi Haloui stated, specifying that these (Qatari) investments will be achieved in the Tabarka region. Speaking in an interview with TAP's TV studio, Haloui announced that "a portfolio worth over TND 550 million had already been examined by the Tunisian Investment Authority (TIA), adding that by the end of 2025, forecasts expect investment intentions to exceed TND 1 billion, "as we are also expecting other Arab investment intentions to be reported." "In 2024, local and foreign investment intentions in the tourism sector had reached over TND 900 million," he recalled, considering that "this indicator (investment intentions) is of great importance as it shows the return of the investors' confidence in the Tunisian tourism sector." Answering a question on alternative tourism, the official affirmed that small investments in alternative tourism contribute to the achievement of an integrated development, by allowing, notably young people and categories with a low financial means, to invest in the tourist sector. "This year, alternative tourism has seen an increase compared to last year. This can be perceived in the rise in the number of prior authorisations, despite the low value of investments," he said. The official furtler announced that draft specifications governing tourist accommodation had been drawn up. These drafts will be sent to the various relevant ministries for consultation before being submitted to the Prime Minister for adoption. The revision of the specifications is a necessity in order to simplify the procedures for opening tourist accommodation and to enable young people with limited financial capacity to set up their own projects, Haloui considered, adding that this revision will also enable unregistered guest houses operating illegally (numbering around 2,000) to regularise their situation. In the same regard, he recalled the advantages granted to young promoters wishing to make tourism investments in the regional development zones (21 governorates except those of Nabeul, Monastir and Greater Tunis), who can benefit from a bonus of 15% of the investment value or 30% of the investment value, in addition to other tax and customs exemptions, as well as appropriate training. After an absence in 2022, Tunisia featured in 2023 in the international report of the World Tourism Organisation (WTO) carried out by the Financial Times on foreign tourist investments, with 6 international projects, worth an investment of TND150 million, concluded Haloui. © Tap 2022 Provided by SyndiGate Media Inc. (
African Manager
05-05-2025
- Business
- African Manager
Tunisia: BNA approves dividend distribution of TND 1.000 per share for 2024
The Banque Nationale Agricole, (BNA) announced during its Ordinary General Meeting held on April 30, 2025, the approval of a TND 1.000 per share dividend for the 2024 fiscal year, according to a statement published on the Tunis Stock Exchange website. The bank confirmed that the dividend ex-date is set for June 17, 2025. In parallel, BNA reported a net banking income of 253 million dinars for Q1 2025, reflecting a 6.2% decrease compared to the same period last year. Regarding its consolidated financial statements for 2024, the bank posted positive equity of 2,188 million dinars, including a consolidated net profit of 210.9 million dinars for the year.
