Tunisia

While Tunisia has faced weak economic growth and high inflation in recent years, the country’s stock market continued to grow over the 2016-17 period, even though its contribution to private investment financing remains relatively modest compared to that of the banking sector. Measures to deepen the market, however, are under way, aiming to...

Tunisia’s banking sector has experienced positive growth in recent years, with 2017 proving to be another strong period on many fronts. Several risks, however, still threaten the sustainability of this growth trend and the overall health of the sector, including a reduction in available liquidity, low levels of capitalisation and credit risk...

In the 20 years since the Tunisian market opened to foreign investors in 1997, the bourse has seen limited interventions. At the end of September 2017 around 24% of market capitalisation was held by international investors; however, if those figures are adjusted with the strategic participation of the Castel Group in brewery Société de...

While the number of debit cards and credit cards in circulation has increased in recent years, obstacles to electronic payments remain, particularly in Tunisia’s in-land governorates, which suffer from limited banking services. Other factors, such as a cultural bias against banks and electronic payments, contribute to relatively low banking...

Once reserved for ambitious start-ups and industry-leading tech operators, financial technology (fintech) has more recently caught the attention of major private sector firms and government planners alike, becoming a regular feature in budget speeches and strategic development plans. As fintech progressively plays a larger part in the lives of...