Now the deal has been finalised, Monbat plans to double production in Tunisia to one million starter batteries annually — boosting exports, which it said in turn should “effectively mitigate” the risks of increased costs from volatile electricity and natural gas prices in the European markets.
Myriad advantages are attracting FDI to the country. Tunisia lies within a short hop of Europe, sub-Saharan Africa, and the Middle East, and enjoys free trade agreements with the EU and countries across the African continent. National solvency spells access to international capital markets, which amounts to a seat at the world economy's table.
Are structural issues hampering economic performance in Tunisia?
While headed in the right direction, structural issues are hampering greater economic performance in Tunisia. Image credit: Shutterstock / Alex Cimbal First, a broad brushstroke—Tunisia is acknowledged as Africa's most competitive economy, one whose industrial matrix spans petroleum phosphate and iron ore mining, textiles, and, of course, tourism.
Where does Tunisia rank on the Global Innovation Index 2023?
Tunisia also ranked 79th among the 132 nations on the Global Innovation Index 2023 and 150th out of 184 countries on the 2023 Index of Economic Freedom.
Which countries invest the most in 1h2024?
A total of 610 investment activities with a total value of approximately USD1.1 billion put around 4,820 in work in 1H2024. France tops the investor list for 1H2024 with USD107 million of total investment, claiming 325 of the total. The top three were completed by Italy at USD44 million and Germany at USD36 million.
Why did Moody's raise Tunisia's outlook?
Note, too, that last March, Moody's raised Tunisia's outlook from negative to 'stable' thanks to recognized access to external funding, while noting that more was required to keep pace with the IMF's Tunisia program. Myriad advantages are attracting FDI to the country.
What will the EBRD expect from Tunisia in 2024?
The EBRD also expects a humble GDP performance from Tunisia of 1.2% in 2024 and 1.8% in 2025, propped by declining inflation (30-month low of 7% in July 2024).