Approved private investments in agriculture surge 5.9% (APIA) | Tunisia News Gazette

Approved private investments in agriculture surge 5.9% (APIA)

Approved private investments in agriculture grew 5.9% in the first eleven months of 2017, reaching 555.2 Million Tunisian Dinars. 4,661 permanent jobs are forecast, the Agricultural Investment Promotion Agency (French: APIA) said.

Investments were primarily geared towards agriculture with 403 MTD (up 8.3%), first processing with 45.7 MTD (+90.4%) and fisheries with 34.5 MTD (+ 29.2%).

Meanwhile, agriculture services (60.7 MTD) and aquaculture (11.3 MTD) showed a downward trend with respective contractions of 30.3% and 22.6%.

Investments undertaken by agricultural development companies up to October 2017 rose to 29.6 MTD, against 22.9 MTD in the same period in the previous year. Likewise, investments with foreign participation amounted to 24 MTD in comparison with 17.4 MTD in 2016. They mainly targeted greenhouse crops, oil production and stock rearing.

Investment in oil mills surged to 26.3 MTD from 5 MTD in 2016. Approved bonuses stood at 83.7 MTD, that is 17.6 % of the project finance structure.

The productivity bonus accounted for 74% of approved bonuses, in line with the new legislation.

The participation rate of financing institutions in project finance structure was of 11.5 % up from 8.7% in the same period in 2016.

Source: TAP News Agency

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