The manufacturing sector outpaced energy, services, and agriculture as the top recipient of foreign direct investments (FDI) in Tunisia in 2023.
Foreign investment flows into Tunisia reached 2.52 billion dinars (about $806 million) in 2023, marking a 13.5% increase compared to 2022, according to data by the Foreign Investment Promotion Agency (FIPA). These flows were distributed between portfolio investments, reaching 136.8 million dinars in 2023 compared to 7.6 million in 2022, and foreign direct investments (FDI), which saw a 7.7% increase, reaching 2.38 billion dinars.
FIPA further specified that the manufacturing industry topped the list of sectors attracting the most FDI in 2023, accounting for 62.1% of the total flows. Following closely were the energy sector (19.7%), services (17.5%), and agriculture (0.8%).
FDI flows excluding energy, which involved 638 projects with a cumulative value of 1.91 billion dinars, resulted in the creation of 14,746 new jobs.
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
WIA Gold appoints David Edwards as CFO Kokoseb mine could produce 146,000 ounces annually over 11 years Company advancing financing and feasibility...
Nigeria launches $750m solar mini-grid programme to expand rural electricity Initiative expected to mobilise $1.1bn in private...
Energean exploring gas investments in Angola, Mauritania and Senegal Company considering stakes in Angola upstream oil and gas projects Move follows...
Dangote Refinery pauses fuel loading to adjust rising gantry prices Pump prices jump to about 1,100 naira per litre The US-Israel conflict with Iran...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...