Approved private agricultural investments down 20.9% to TND 350.3 million in 1st ten months of 2023 (APIA)

Private agricultural investments approved by the Agricultural Investment Promotion Agency (APIA) during the first ten months of 2023 fell by 20.9% compared with the same period in 2022.

They stood at TND 350.3 million, according to the APIA statistics release published on Saturday.

Compared with the 2016-2020 development plan, approved investments were down by 20.9%, generating 2,270 permanent jobs.

APIA also reported a 10.7% increase in approved investments in the fisheries sector, reaching TND 42.8 MD.

Seven investment operations with foreign participation were approved worth TND 12.5 million, compared with two operations worth TND 4.5 million during the same period in 2022.

Investments approved for young people amounted to TND 37.8 million compared with TND 47.1 million. Those approved for women rose from TND 21.7 million in 2022 to TND 26.1 million.

Approved investments received subsidies worth TND 103.3 million, accounting for 29.5% of the approved investment volume.

Subsidies for the acquisition
of agricultural equipment amounted to TND 40.6 million, accounting for 39.3% of total approved subsidies. The self-financing rate dropped to 49.7%.

Approved investments in photovoltaic equipment rose to TND 10 million, benefiting from subsidies of TND 4.9 million.

Investments in organic farming reached TND 9.1 million, with subsidies of TND 2.9 million. Those approved in the olive tree plantation components amounted to TND 5.9 million, with subsidies of TND 2.8 million.

Approved investments in water-saving components stood at TND 14.5 million, with subsidies of about TND 7.2 million.

Benefit granting committees approved 30 land loans worth TND 4.7 million.

These loans will help integrate 303 hectares of land into the economic cycle.

Reported investments down 1.3

Agricultural investments totalled TND 1,104.1 million, down 1.3% during the first ten months of 2023. Compared with the 2016-2020 development plan, reported investments fell by 2.1%.

Reported investments in the primary processing sector rose t
o TND 122.6 million, up from TND 56 million. Those reported online stood at TND 548.4 million, accounting for 49.7% of the overall reported volume.

Source: Agence Tunis Afrique Presse




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