In December 2015 the Road Transport Corridors Project – a $230m World Bank initiative to upgrade Tunisia’s interior roads – was launched. The project’s main purpose is to improve three key road corridors that connect lagging interior regions with Tunisia’s coastal economic growth poles, where opportunities for advancement tend to be...
Since the days of ancient Carthage, Tunisia has been hugely reliant on its ports to tap into foreign markets. Even today it conducts 96% of its foreign trade by sea. As a result, the country has a vast network of maritime-related infrastructure. It has two container ports in Tunis and Sfax and seven smaller, specialised commercial ports. More...
What are Tunisian insurers facing when it comes to complying with the Solvency II directive?
Although insurance penetration levels in Tunisia are low by international standards, overall premiums are growing steadily and the life segment is expanding rapidly, as are new niches such as takaful (Islamic insurance) and micro-insurance. The industry regulator is also working on a number of reforms to bolster sector development,...
The Tunisian insurance sector is regulated by the General Committee on Insurance (Comité Géneral des Assurances, CGA), which is a unit of the Ministry of Finance, and by the 1992 Insurance Code. The industry has entered a period of significant regulatory change following the completion of an EU-funded strategic review of the insurance market...
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