According to a report, in 2021, 50% of the private investments attracted by Tunisian firms were growth capital, and 30% were venture funds. For the first time, the country attracted distressed investments, which represented 20% of overall private investments.
In 2021, for the first time, Tunisia attracted distressed investments. That year, investors committed DT68 million (US$22.5 million) as a distressed investment in 20 ailing distressed Tunisian firms with positive recovery outlooks. The estimate is presented in a recent report on the 2021 venture capital activities in Tunisia published by ATIC, the local association of venture capitalists.
According to ATIC Chairman Mohamed Salah Frad, the distressed investments attracted by the 20 firms represented 20% of the overall private investments. It is “a record percentage in the industry. This confirms actors’ commitment to supporting distressed companies…,” he added.
Overall, in 2021, DT335 million were invested in 154 projects in Tunisia. The amount is down 13.2% compared with the DT386 million committed in 2020. The number of projects financed was also down by 11.5% year on year (154 projects financed n 2021 against 174 in 2020). DT100 million were invested as venture funds, down by 34% compared to the 2020 volume. Growth Investments were estimated at DT166.7 million, down by 31.5% compared with the DT243.4 million recorded in 2020.
Venture capital investments captured 30% of the overall investments against 50% for growth investments and 20% for distressed investments. The sector that attracted investments the most that year was the miscellaneous sector with 35 operations and DT80 million attracted. It is followed by the food industry with DT65.5 million attracted and agriculture with DT40.6 million.
Chamberline MOKO
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Ghana signs a deal with eLearning Africa to expand digital learning access across the country.• The partnership focuses on deploying modern digital...
Ghana launches the Oncology Nurse Leadership Program (ONLEP) to train specialized oncology nurses from seven African countries. The five-year...
Ivanhoe Mines signs deal covering 100% of Kamoa-Kakula smelter’s copper output. The smelter will process up to 500,000 tonnes annually, starting at...
African gas projects drive significant contracts for Asian shipbuilders, especially for Floating Liquefied Natural Gas (FLNG) units. South Korean...
Kolmanskop offers a haunting blend of lost wealth, colonial history, and the unstoppable force of nature. Located just a few kilometers inland from...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...