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
Bank of Africa Senegal Q1 profit rises 9.7% to 5.7bn CFA Revenue and interest income growth drive higher operating income Loans, deposits...
Fidelity Bank raises 227 billion naira from share placement Central bank review trims oversubscribed offering to 87.7% Bank exceeds 500...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inflation and restore access to foreign currency IMF...
Ecobank’s 2025 results reflect the shift of a pan-African bank toward a more profitable, disciplined and long-term-oriented model. At 40, the challenge is...
Most Read
01

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
02

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
03

(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
04

As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...

From South Africa to Egypt: Why Nissan is reshaping its African strategy
05

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 
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.