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FDIs to Tunisia reached $215mln in Q1 2023, up by 10.2% YoY

Friday, 05 May 2023 18:57
FDIs to Tunisia reached $215mln in Q1 2023, up by 10.2% YoY

(Ecofin Agency) - All sectors of activity attracted more FDIs, except the energy sector. FDIs in the latter were reduced as almost no permit was issued for oil and gas exploration.

Foreign direct investments (FDI) to Tunisia reached 652.9 million dinars ($215 million) in the first quarter of 2023, up 10.2% compared to the same period of 2022, according to data released on Wednesday, May 3 by the Foreign Investment Promotion Agency (FIPA).

Except for the energy sector, all sectors captured more FDIs during the first three months of the current year, according to the FIPA. 

The service sector attracted the most FDIs, 300 million dinars, between January 1 and March 31, 2023. It came ahead of the industry (234.6 million dinars), energy (116.9 million), and agriculture (0.5 million) sectors.

FIPA also reported that portfolio investments (acquisitions of bonds or shares of a company for investment purposes, without the desire to control it) reached 33.6 million dinars in the first quarter of 2023, up by 917% compared to Q1 2022.

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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