Tunisia: Private investment in agriculture up 26.4%

Aug 21, 2013 12:00 AM

Private investment in agriculture and fisheries, approved by the Agency for Agricultural Investment Promotion (APIA), posted an increase of 26.4% late July 2013, i.e. a value of 277.8 million Tunisian dinars (MTD) against 219.9 MTD during the same period of 2012.

The latest figures published by the APIA indicate that reported investments reached 508.4 MTD during the first seven months of 2013 against 369.2 MTD in the same period of 2012.

According to APIA, all approved investments will create 2,783 permanent jobs, including 179 in favor of graduates, compared with 2,811, including 155 for graduates in 2012.

Governorates that have captured the largest share of these investments are those of Beja (49.3 MTD), Kasserine (26 MTD), Gabes (25.1 MTD), Sidi Bouzid (20.2 MTD) and Bizerte (18.3 MTD).

Private investments made by young entrepreneurs also increased, reaching 36.3 MTD against 33.6 MTD in 2012 (same period).

Investment of Tunisians residing abroad also posted an increase of 3.5 MTD.

However, investment of companies with foreign participation reached 15.2 MD and financing of agricultural investments by banks fell by 12% until the end of July against 18.2% during the same period in 2012.

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