We want to assist you Invest in Tunisia, get Business Opportunities in Tunisia as well as to search for and connect with leading Companies in Tunisia. We also provide a list of key Government trade advisors who assist you with doing business in Tunisia and other relevant business information on Tunisia. Specifically we offer three digital portals that are FREE to use and will be of interest to you…..You can join our Africa Business Community FREE so we can promote your company here. After that if you have a specific investment or business proposition add it to the Africa Business Opportunities Dashboard FREE. Want investment, or to find a business partner, are you selling real estate etc, do you have goods, products or services you want to promote? If so our Africa Business Opportunities Dashboard is for you. View some of the business opportunities uploaded by our Africa Business Community here. Fast growing, more established Tunisia companies with experienced management teams looking for investment can add themselves to our closed AFSIC African Investments Dashboard – after you have uploaded information about your investment opportunity we can send it directly into the inbox of many of Africa’s most important investors. To benefit from any of these options join our Africa Business Community today FREE !
Country overview: Tunisia is located in North Africa bordered by the Mediterranean Sea on the north. It shares borders with Algeria to the west and Libya to the southeast. It gained its independence from France on 28 March 1956. Its capital is Tunis with 24 Provinces (Governorates). It is a multiparty Parliamentary republic with President sitting as the Head of State and Prime Minister as the Head of Government. It runs a unicameral legislative system of government. Major languages in the country include Arabic (Official) and French as language of commerce. Islam is the predominant religion and Arabs are the major ethnic group with very few European group. It has a mixed legal system of civil law, based on the French civil code and Islamic (sharia) law, some judicial review of legislative acts in the Supreme Court in joint session. It has an area size of 0.163 million sq km.
Demographic Information: Tunisia has an estimated population of 11.8 million comprising mostly of mid-age population (25-54years) which makes up about 53% of the population, those in the age bracket of less than 25 years makes up of about 38.2% of the population and above 65 years age group makes up of about 8.8% of the population. Average population density is estimated at 76 inhabitants/km2. In terms of human development indicators, it has a life expectancy of 78.4 years (Women) and 74.9 years (Men). It achieved universal primary education with a 115.4% Primary enrolment rate in 2018 and overall literacy level of 81.8% as at 2015.
Broad Economic Overview: Tunisia has many advantages, including proximity to Europe, diverse industries (aeronautics, chemicals, textiles), high agricultural and fishery potential, and sizable deposits of phosphates, oil, and gas. Agriculture account for 10.4% of the GDP and employ 13% of the workforce (World Bank). The tourism industry (beach, business, mountain, oasis, eco-tourism, and seawater therapy) was until 2011 a significant source of growth and employment. The country experienced Jasmin Revolution in 2011 caused by high unemployment, inequalities and less inclusiveness which culminated in Arab spring revolution that engulfed the Arab nations thereafter. Tunisia’s government remains under pressure to boost economic growth quickly to mitigate chronic socio-economic challenges, especially high levels of youth unemployment, which has persisted since the 2011 revolution. Successive terrorist attacks against the tourism sector and worker strikes in the phosphate sector, which combined account for nearly 15% of GDP, slowed growth from 2015 to 2017. It managed to achieve a 1.9% 5yr compound annual GDP growth rate in 2019. Its currency is Tunisia Dinar. Main export includes Cotton, phosphate and chemicals, Textiles, hydrocarbons, electrical equipments, semi-finished goods, clothings etc. Major imports include Fuels, Machinery and Equipment, Foodstuffs, Chemicals, textile etc.
Investment Opportunities: Tunisia is implementing plans to liberalise its economy and to integrate it into the world economy. It recently introduced a new competition law following the cancellation of the previous provisions that fixes price, limit entry of companies into certain sectors and controls production, distribution, investment, etc. It also adopted a new investment law that simplifies the procedures for obtaining licenses, permits and investment authorisations and limits restrictions on the hiring of foreign workers. Tunisia is an ideal investment destination in Africa given the country’s proximity to the European market, sub-Saharan Africa and the Middle East and its free trade agreements with the EU, and much of Africa. Its capital city Tunis is, on average, two hours flight from the main European capitals. Investment opportunities are available in the following sector of the economy: Equipment Manufacture, aerospace industry, Agribusiness, Plastic, Leather & Footwear, Textile & Apparel, Mechanical, Electrical and Electronic etc.
Invest Tunisia – Recommended Contacts in Tunisia
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Other Information Sources
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African Development Bank: www.afdb.org
African Investments: www.africaninvestments.co
AFSIC – Investing in Africa Event: www.afsic.net
BBC Africa: www.bbc.co.uk/news/world/africa
Investing in Africa: www.invest-in-africa.co
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