Tunis/Tunisia — Figures released by the Agricultural Investment Promotion Agency (French: APIA) show 2,562 operations amounting to 391.9 million dinars (MD) were approved over the first ten months of 2021, posting a 18.4% rise in value compared to the same period in 2020. These investments will help generate 3,073 permanent jobs.
However, the value of these private agricultural investments dropped 29.5% compared to the 2016-2020 development plan, reads a monthly report published by APIA.
These investments received subsidies amounting to 117.1MD, including 48.3 MD as subsidies for the procurement of agricultural equipment. The credit rate fell from 20.6% in 2020 to 18.4% in 2021 (first 10 months).
The approved investments include 25 operations worth 51.6M D for agricultural development companies and 7 investment operations with foreign participation worth 17.6 MD.
An upward…