The Report: Tunisia 2017

  • ID: 4437461
  • Country Profile
  • Region: Tunisia
  • 192 Pages
  • Oxford Business Group
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Tunisia’s GDP totalled TD84.3bn (€36.2bn) in 2015, expanding at a rate of 0.8%, down from growth of 2.3% the year before. The fall was due to a variety of external factors, including two terrorist incidents that negatively affected the tourism sector in particular and shook business confidence more generally. However, growth picked up somewhat in 2016, standing at 1%, 1.4% and 1.3% in the first, second and third quarters of the year, respectively, and is expected to maintain this upward trend in 2017, supported by greater export competitiveness.

Moves to bolster the economy through reforms, such as the new investment law and plans to tackle wider structural issues, are likely to help to raise growth to higher levels than those witnessed in recent years, as should the improvement in security since the 2015 attacks, though the extent of this will depend in part on whether or not the economy of the country’s main export destination and tourism source market - the eurozone - can emerge from its own recent slowdown.

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COUNTRY PROFILE
A hopeful future: A country of rich heritage, history and resources, Tunisia continues to move forward six years after the Jasmine Revolution
Viewpoint: President Béji Caïd Essebsi
Positive developments: New national unity government works to accelerate implementation of economic and social reforms
Good fences: The government looks to consolidate a “zero-enemy” regional foreign policy
Strategic partnerships: Tunisia secures international support for economic recovery
Interview: Akinwumi Adesina, President, African Development Bank

ECONOMY
Trending upward: Growth expected to pick up thanks to government measures and improved export competitiveness
Interview: Lamia Boujnah Zribi, Former Minister of Finance
Interview: Mohamed Fadhel Abdelkefi, Minister of Development, Investment and International Cooperation
A new centre of innovation: Updated legislation to fuel local start-up development
Balance check: Curbing the current account deficit remains a key priority for the government
Interview: Boutheina Ben Yaghlane Ben Slimane, General Manager, Caisse des Dépôts et Consignations
Interview: Noureddine Taboubi, Secretary-General, Tunisian General Labour Union
Renewed pressure: A range of initiatives aim to address rising public debt and curb the fiscal deficit

BANKING
Top down: Recent reforms are putting the sector on firmer footing
Interview: Chedly Ayari, Governor, Central Bank of Tunisia
By the book: A new banking law provides clearer guidelines for investors and financial institutions
Think small: More banks are looking to improve funding for small and medium-sized businesses
Interview: Ahmed El Karm, President, Tunisian Professional Association of Banks and Financial Institutions

CAPITAL MARKETS
Offering help: New listings are in the pipeline for 2017
Interview: Bilel Sahnoun, CEO, Tunis Stock Exchange
Sovereign state: Islamic bonds may be next as the government increases issuances
Interview: Walid Saibi, General Manager, Tunisie Valeurs
Share analysis & data provided by Tunisie Valeurs
One Tech Holding: Electronics
BIAT: Banking
Banque Nationale Agricole: Banking
Délice: Dairy products

INSURANCE
High potential: Growth in new product lines is boosting penetration and profitability
Interview: Nejla Harrouch, General Manager, Assurances BIAT
Changes ahead: Reforms are expected to reinvigorate activity in the car insurance segment

INDUSTRY & RETAIL
Variety and diversity: Investors have a wide range of options across the manufacturing field, with a diverse line-up of segments
Cautiously optimistic: Addressing risk and securing new production can safeguard the country’s position as a major phosphate player
Interview: Habib Fekih, President, Airbus Africa and Middle East
Consolidating growth: Production capacity in aeronautics is expected to diversify to cover more of the sector supply chain
Spirit of competition: The textiles industry is looking to innovate while capitalising on domestic strengths
Turning the corner: A clarified franchising regime and growing domestic demand fuel optimism in retail

TELECOMS & IT
On the move: Fixed-line subscriptions hit a plateau as mobile users benefit from easy data and new 4G services
Interview: Nizar Bouguila, CEO, Tunisie Telecom
A connected society: National government plans are under way to improve IT innovation, cloud storage platforms and e-government activities
Creative opportunities: The country aims to elevate its status as an outsourcing centre while fostering domestic talent and new start-ups

TOURISM
Recovery road: Smart policy, increased security and a focus on new segments
Up market: Expanding luxury tourism to attract high-end travellers
Interview: Salma Elloumi Rekik, Minister of Tourism and Handicrafts
Interview: Amine Moukarzel, President, Golden Tulip Hotels and Resorts, MENA Region
Restoring confidence: Added security measures coupled with new incentives aim to bring back tourists

ENERGY
Lighting the way: Renewed interest in investment set to reduce supply gap
Interview: Saïd Mazigh, General Manager, Carthage Power Company
In the pipeline: Large-scale infrastructure project nears completion

TRANSPORT
Ship shape: The country is diversifying its logistics offerings via private initiatives and investment
Interview: Anis Ghedira, Minister of Transport
Carried away: New developments in urban transit infrastructure
Interview: Anis Riahi, General Manager, Express Air Cargo

CONSTRUCTION & REAL ESTATE
Poised for recovery: After several years of flat growth, the country’s construction sector is set for improvement
Interview: Ahmed Bouzguenda, General Manager, Société Bouzguenda Frères
Safe haven: New plans for social housing projects are set to increase activity in the real estate sector

AGRICULTURE
Investing in the future: Foreign financiers are seeing growth opportunities
Interview: Abdelmajid Ezzar, President, Tunisian Union of Agriculture and Fisheries
Preparation and innovation: Drier climatic conditions are being met with technological innovations

HEALTH & EDUCATION
Solid foundation: New public and private infrastructure projects are set to raise standards of care
Export platforms: Local pharmaceutical companies eye new marketsOn track: A series of reform measures are set to overhaul the sector
Interview: Tahar Ben Lakhdar, Co-founder and CEO, Esprit

TAX
Tax fundamentals: A new investment framework offers improved incentives and strengthens guarantees
Viewpoint: Moncef Boussannouga Zammouri, Managing Partner, KPMG

LEGAL FRAMEWORK
Letter of the law: A breakdown of the country’s most recent legal reforms and changes
In the bank: A new finance law has introduced more stability
Viewpoint: Ghazi Meziou, Associate Lawyer, Meziou Knani & Khlif

THE GUIDE
Put your feet up: A list of recommended hotels and their services
Listings: Important numbers you may need during your stay
Facts for visitors: Useful tips and helpful hints for new arrivals

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