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Foreign Investments Post 15.2% Increase in Tunisia

January 14, 2021 - Tunis, Tunisia: Avenue Bourguiba in central Tunis is almost empty on the 10th anniversary of the Jasmin revolution after the Tunisian government declared a four-day Covid lockdown, banning all demonstrations and closing most non-essential shops. Tunisia was bracing for the 10th anniversary of the 2011 revolution, which kicked off the Arab Spring. The mood acrossTunisia is gloomy as the transition to a democratic system didn't help lifting the country out of poverty. Atmosphere de rue a Tunis, le jour du 10eme anniversaire de la revolution du Jasmin. Le gouvernement tunisien a ordonne un confinement general de quatre jours coincidant avec le 14 janvier 2021. Les manifestations sont interdites, l'avenue Bourguiba est vide, ses acces controles par la police. (Photo by Mehdi Chebil / Hans Lucas / Hans Lucas via AFP)

The Arab country in North Africa received USD 224.8 million in international investments in the first quarter. Services were a highlight.

The flow of international investments posted a year-on-year increase of 15.2% in Tunisia in the first quarter of 2023, to DT 686.4 million (USD 224.8 million), the TAP state news agency reported on Wednesday (3) based on data from the Foreign Investment Promotion Agency (FIPA).

Out of these, DT 652.9 million (USD 213.8 million) were foreign direct investment (FDI), up 10.2% in Q1 from a year earlier.

Portfolio investment, which includes stocks, bonds and other financial assets, recorded a variation of 917% compared to the same period of the previous year, to DT 33.6 million (USD 10.8 million), and this after the increase in the capital of the of paper and cardboard  company Sotipapier.

Most sectors recorded growth, with the exception of the energy sector, which experienced a decline in the last period due to the almost total halt in the granting of permits. The agricultural sector attracted low investments, too, while services posted the highest increase.

Source : ANBA