Public Management

Tunisian govt plans $120mln agricultural investment in 2021

Tunisian govt plans $120mln agricultural investment in 2021
Thursday, 26 November 2020 12:23

The Tunisian government says it will pump a total of TND324 million (about $120 million) in the agriculture sector next year. This is 18% of the TND1.78 billion that will be allocated to the department of Agriculture, Water Resources and Fisheries for the year.

According to Akissa Bahri (pictured) who heads this department, the 2021 agricultural subsidy is 17% higher than that of 2020. With this new financing, the government plans to carry out actions aimed at consolidating the performance of the fishing sector and aquaculture activity through increased public investment. It also intends to improve the use of water for agricultural irrigation by increasing the supply of water resources and increasing the country's forested areas.  

The department will subsidize key sectors and establish a clear roadmap for the agriculture, food security and health sectors. A 2025 water strategy will also be formulated,” the minister said.

Overall, in 2019/2020, the Tunisian agricultural sector performed well despite the coronavirus pandemic. Exports of olive oil, the country's flagship product, generated more than TND2.2 billion dinars, a record level. 

Espoir Olodo

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Loan-loss provisions at the nine BRVM-listed banks that reported 2025 earnings rose 18% to $137 million as regional growth hit a record 6.7%. BOA...
Company seeks to raise 485.8 billion naira through share offering Funds to support expansion and reduce debt Strategy aims to boost local sugar...
AFC raises $100 million from India’s Exim Bank over five years Funding to support infrastructure and industrial projects in Africa Deal reflects...
New fund aims to mobilize CFA200 billion to finance 300,000 projects Targets SMEs and rural economy through Sharia-compliant financing Move seeks to...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...

AFC Backs First Green Project Finance Bond for 66MW Côte d’Ivoire Solar Plant
04

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
05

MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...

MTN Ghana tightens controls on mobile money agents over fraud concerns
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.