Financial Services

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...

THE COMPANY: With total annual sales of around TD900m (€412.7m) in 2014, Société de Fabrication de Boissons de Tunisie (SFBT) is becoming one of the major private sector groups in Tunisia. It is made of 25 companies and generates most of its sales from soda beverages and beers. SFBT is a market...

Tunisia’s bond market is going strong, with both the government and local financial institutions – and leasing companies in particular – regularly issuing debt. Trading levels, however, are very low, though the operators of the Tunis Stock Exchange (Bourse des Valeurs Mobilières de Tunis, BVMT) are looking at ways to increase transactions. In...

THE COMPANY: With total sales above TD1.5bn (€687.9m), Poulina Group Holding is ranked among the top private enterprises in Tunisia. The group started in the late 1960s when the founder set up a small chicken farm business with a view to innovating in the mass consumption sector. Diversification...