Reflecting on the week we spent in Tunisia I think I speak for all of the CBS students who participated when I say how lucky we were and how amazing the experience was to help our local Tunisian students with their final pitch in the Open-Start-Up Competition finals. This was the first year CBS students got to engage in this activity and the amount we learned from working, chatting and dining with our teammates added a very personal and extremely enjoyable dimension to the trip. We left feeling we had made an impact on our local teammates and more importantly had made friends that we have continued to stay in touch with. It was so interesting to hear the next generations views on the Arab Spring and the Tunisian revolution. We left feeling both extremely optimistic about the changes that had taken place in the country as well as empathetic of the harsh reality the next generation faces. When we asked the students what their dream job would be – a question most of us were asked as kids most of them answered “work in government” and when we asked why that they responded, “that’s the best job you can get here”. While working in government is a great job we were disheartened to hear this seemed like the only option.
Throughout my conversations with locals I did not hear mention at all of the 2015 terror attacks and felt that the Country had moved past them with recent media coverage (Bloomberg) of the country being mostly positive and suggesting that Tunisia will be a top tourist destination in the coming years (https://africanmanager.com/site_eng/tunisia-features-among-bloombergs-22-flagship-tourist-destinations-in-2018/?v=947d7d61cd9a). Reading the blog post summarizing last years trip (2017) I could not help but to feel the country had significantly changed or at least we were given a very different perspective given our close interaction with younger locals.
Major themes touched on by investors and private equity firms were the challenges that continue to arise with currency fluctuations, political uncertainty, and focusing on investing in companies that hedge risk by having a higher percentage of sales as exports. We were extremely impressed when hearing the Tunisian ministry of education and US Ambassador in Tunisia speak about their extremely optimistic views on the education system and the progress Tunisia had made in recent years.
A huge thank you to Professor Jedidi and our TA Fuad Yaghnam for making this entire trip a seamless operation and making sure we were getting 110% out of every experience.
-Sarah Spear ‘18