Latest from African Manager
African Manager
2 days ago
- Business
- African Manager
Tunisia–Nigeria Business Council officially launched
The Tunisia–Nigeria Business Council (TNBC) was officially launched during the Afreximbank Annual Meetings (AAM), held from June 25 to 28, 2025, in Abuja (Nigeria), the Tunisia-Africa Business Council (TABC) announced on Wednesday. This is a strategic initiative led by TABC as part of its policy to strengthen economic ties with Sub-Saharan African markets. On this occasion, Chris Eruba was officially introduced as the president of the TNBC. The TNBC aims to become a key bilateral platform dedicated to structuring, enhancing, and promoting economic, industrial, commercial, and financial partnerships between Tunisia and Nigeria. TABC reaffirmed its commitment to supporting Tunisian companies in their expansion strategies across Sub-Saharan Africa, particularly in Nigeria, a country with over 220 million people and promising economic prospects. It also noted that Tunisian exports to Nigeria have quadrupled in one year, rising from 7 million dinars between January and April 2024 to 82 million dinars by the end of April 2025. Nigeria now ranks among the top Sub-Saharan destinations for Tunisian exports. Interested companies can register via the following link: [
African Manager
3 days ago
- Business
- African Manager
Tunisia ranks as Africa's 2nd top performer in energy transition
The World Economic Forum (WEF), in partnership with consulting firm Accenture, has released its 2025 Energy Transition Index (ETI), which assesses the energy performance of 118 countries based on 43 indicators grouped under three pillars: energy security, environmental sustainability, and equity in energy access. The ETI also evaluates countries' readiness for energy transition using five key factors: regulation and political commitment, financing and investment, innovation, infrastructure, and human capital. Each country is scored from 0 to 100 per indicator, with an overall score combining current energy system performance (60%) and transition readiness (40%). Tunisia 2nd top performer in Africa Tunisia performed well in this year's edition, scoring 54.6, placing 2nd in Africa and 62nd globally. Nigeria edged slightly ahead with a score of 54.8, ranking 61st worldwide. Nigeria's rise, up 48 places from 2024, is attributed to targeted regulatory reforms, increased investment in clean energy, and transition strategies tailored to local conditions. Following Tunisia in Africa are Namibia (64th globally), Mauritius (69th), Morocco (70th), Egypt (74th), South Africa (79th), Kenya (88th), and Algeria (89th). Côte d'Ivoire rounds out the African top 10 at 90th globally. Sweden global leader in energy transition Sweden leads globally, followed by Finland, Denmark, and Norway, all scoring above 70, thanks to strong political will, resilient infrastructure, and low-carbon energy systems. Switzerland, Austria, Latvia, the Netherlands, Germany, and Portugal complete the global top 10. The report notes a renewed momentum in the global energy transition: 65% of assessed countries improved their scores in 2025, with nearly a third showing gains in all three dimensions: security, sustainability, and equity.
African Manager
3 days ago
- Business
- African Manager
Tunisia: 70% of country's exports go to EU
Riadh Bezzarga, Director of Market Studies and Strategy at the Export Promotion Center (CEPEX), announced that Tunisian exports in 2024 are estimated at 62 billion dinars, while exports to African markets (goods only) reached just 0.25 billion dinars, about 4%. Speaking on Express FM' during the first edition of the Africa Business Partnership Days held at the Exporters' House and running through June 25, Bezzarga noted that five main markets: Senegal, Côte d'Ivoire, Guinea, Cameroon, and Gabon alone account for nearly 50% of Tunisia's exports to Africa. He pointed out that Tunisia is working to diversify its export markets, as 70% of its exports currently go to the European Union. This heavy dependence poses a risk in the event of crises in Europe. Accordingly, efforts have been made to reorient exports toward America, Africa, and Asia. A specific strategy for sub-Saharan Africa has been implemented, expanding beyond goods to include services in sectors such as healthcare, private universities, banking, and new technologies. He also noted that over 80% of Tunisian exports come from fully export-oriented companies, meaning the actual share of exports to Africa exceeds 4%, especially when compared to just 1% twenty years ago.
African Manager
3 days ago
- Business
- African Manager
Tunisia: Tunis Stock Exchange approves admission of TARAJI Holding to main market
The Board of Directors of the Tunis Stock Exchange, meeting on June 24, 2025, granted its preliminary approval for the admission of TARAJI Holding shares to the main market of the exchange. TARAJI Holding, the entity set to provide the capital city's football club with an economic and financial structure, had submitted its listing application to the Tunis Stock Exchange on December 31, 2024, according to IlBoursa. This initiative is part of Espérance Sportive de Tunis's broader strategy to establish sustainable and long-term sources of financing. Broker MAC SA has led the project for the creation of TARAJI Holding since 2021.
African Manager
5 days ago
- Business
- African Manager
Tunisia: TND 3.2 billion in Foreign Direct Investment in 2024
Foreign direct investment (FDI) in Tunisia reached TND 3.2 billion for the entire year of 2024, marking a 26% increase compared to 2023, announced Jalel Tebib, Director General of the Foreign Investment Promotion Agency (FIPA-Tunisia). Speaking to the media on the sidelines of the agency's 30th anniversary celebration held last Friday afternoon in Gammarth (a northern suburb of Tunis), Tebib also noted that FDI amounted to TND 760 million in the first quarter of 2025, an increase of 25% compared to the same period in 2024. This confirms the upward trend in foreign investment and growing interest in Tunisia from investors of various nationalities, he said. Tebib expressed optimism about the future of FDI in Tunisia, stating that the country could attract between TND 6 billion and TND 8 billion in the coming years, provided that collective efforts are made to further improve the business climate and create favorable conditions for companies operating in Tunisia. 'This is not excessive optimism,' he emphasized, 'but rather confidence in the country's assets and talents.' However, he added that achieving such figures will depend on Tunisia's ability to tackle certain challenges, including competition from other countries, technological developments, and the ongoing need to adapt and modernize legislation.
