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HomeNewsTunisia: approved private investments in agriculture rise 5.9% (APIA)

Tunisia: approved private investments in agriculture rise 5.9% (APIA)

Approved private investments in agriculture grew 5.9% in the first eleven months of 2017, reaching 555.2 Million Tunisian Dinars. 4,661 permanent jobs are projected, the Agricultural Investment Promotion Agency (French: APIA) said.

Investments were primarily geared towards agriculture with 403 MD (up 8.3%), first processing with 45.7 MD (+90.4%) and fisheries with 34.5 MD (+ 29.2%).

Meanwhile, agriculture services (60.7 MD) and aquaculture (11.3 MD) showed a downward trend with respective contractions of 30.3% and 22.6%.

Investments made by agricultural development companies until October 2017 rose to 29.6 MD, against 22.9 MD in the same period in the previous year.

Likewise, investments with foreign participation amounted to 24 MD in comparison with 17.4 MD in 2016. They mainly targeted greenhouse crops, oil production and stock rearing.

Investment in oil mills surged to 26.3 MD from 5 MD in 2016. Approved bonuses stood at 83.7 MD, i.e. 17.6 % of the project finance structure.

The productivity bonus accounted for 74% of approved bonuses, in line with the new legislation.

The participation rate of financing institutions in project finance structure was of 11.5 % up from 8.7% in the same period in 2016.

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