Physical and Virtual Education Content Development

Physical and Virtual Education Content Development

Physical and Virtual Education Content Development

Country
Sector
Most major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Education
Sub Sector
Most major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Education Technology
Indicative Return
Describes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment Timeframe
Describes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market Size
Describes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
USD 50 million - USD 100 million
Average Ticket Size (USD)
Describes the USD amount for a typical investment required in the IOA.
USD 500,000 - USD 1 million
Direct Impact
Describes the primary SDG(s) the IOA addresses.
Quality Education (SDG 4)
Indirect Impact
Describes the secondary SDG(s) the IOA addresses.
No Poverty (SDG 1) Gender Equality (SDG 5)

Business Model Description

Develop virtual and physical course material to support teachers and students in accessing better quality education

Expected Impact

Enhance academic performance for academically challenged students creating instructional material, also to address gaps between urban and rural areas.

How is this information gathered?

Investment opportunities with potential to contribute to sustainable development are based on country-level SDG Investor Maps.

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Country & Regions

Explore the country and target locations of the investment opportunity.
Country
Region
  • Tunisia: South East
  • Tunisia: Centre-East
  • Tunisia: Centre-West
  • Tunisia: South-West
  • Tunisia: North-West
  • Tunisia: North-East
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Sector Classification

Situate the investment opportunity within sustainability focused sector, subsector and industry classifications.
Sector

Education

Development need
The country's education system is still flawed, with 8% of 15-24 year olds not completing primary education. The educational system's skills development is out of step with market demands, impairing youth employability. Regional disparities are most pronounced at the secondary and post-secondary levels of schooling (1).

Policy priority
According to the Strategic Plan for the Reform of Higher Education and Scientific Research, Tunisia's priorities are to improve the quality of education, particularly at the primary and secondary levels and in disadvantaged areas, to increase new graduates' employability, and to reinforce equipment and digital infrastructure (2).

Gender inequalities and marginalization issues
Tunisia plummeted to 106th place in 2020 regarding gender equality in education (3). Significant gender differences in education create gaps in access to the labor market and economic resources, with high unemployment rates for young people and women. Also, gender-based violence inhibits women's educational and occupational advancement (4).

Investment opportunities introduction
Education receives around 20% of the government's budget, which largely go towards salaries (5). Additionally, the country has received a series of investment loans from IFIs to enhance the quality and accessibility of education. The government has created programs to encourage the use of digital technologies, increasing schools' access to technology (6).

Key bottlenecks introduction
Despite substantial public spending, the education sector suffers from low performance (7). Investments alone are insufficient unless they are accompanied by quality research and training.

Sub Sector

Education Technology

Development need
Tunisia is confronted with the paradox of having one of the greatest enrollment rates among PISA-assessed countries yet some of the lowest levels of student success (8). Tunisia lags considerably behind other countries in terms of multimedia content for the education sector, highlighting the need to assist students in better understanding courses (9).

Policy priority
Tunisia performed a full-fledged public consultation process while establishing its national development plan and also focused on digital investments in education (10). Improving learning in basic education was one of the targets for Ministry of Education's five-year plan for 2016-2020 (11).

Gender inequalities and marginalization issues
Education inequality, regarding quality and access, is widespread throughout the MENA region (12) Investment in high-quality, digital education is critical to providing inclusive education to everyone (13). Certain instructional materials can be adapted to the needs of vulnerable groups, such as children with special needs (14).

Investment opportunities introduction
Tunisia was one of the pioneering countries in the MENA region to embrace e-learning (15). The government has implemented measures to promote the use of digital technologies in the educational process, expanding schools' technological access. Following the COVID-19 crisis, attempts to develop online educational material were further increased (16).

Key bottlenecks introduction
Due to the lack of broadband internet coverage across the country, especially in rural areas, many students are unable to access online and digital educational content.

Pipeline Opportunity

Discover the investment opportunity and its corresponding business model.
Investment Opportunity Area

Physical and Virtual Education Content Development

Business Model

Develop virtual and physical course material to support teachers and students in accessing better quality education

Business Case

Learn about the investment opportunity’s business metrics and market risks.

Market Size and Environment

Market Size (USD)
Describes the value in USD of a potential addressable market of the IOA.

USD 50 million - USD 100 million

CAGR
Describes the historical or expected annual growth of revenues in the IOA market.

10% - 15%

Africa e-learning market, driven by South Africa, Morocco, Nigeria, Tunisia, and Kenya, reached a value of USD 2.2 billion in 2020 growing at a CAGR of 11.5% during 2021-2026 (17). Experts in the country point to a market size below USD 100 million for investments in content development.

Indicative Return

IRR
Describes an expected annual rate of growth of the IOA investment.

> 25%

The return profile is based on the estimates of the interviewed stakeholders in this field

Investment Timeframe

Timeframe
Describes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.

Short Term (0–5 years)

This is not a capital intensive sector, and there is already a high-demand after the coronavirus pandemic

Ticket Size

Average Ticket Size (USD)
Describes the USD amount for a typical investment required in the IOA.

USD 500,000 - USD 1 million

Market Risks & Scale Obstacles

Market - Highly Regulated

According to the 2016 Investment Law, a list of sectors requiring government approval was set. Education is also included in this "negative list". An investment request is automatically approved if the decision-making authority does not react within a defined period, usually 60 days.

Business - Supply Chain Constraints

Due to the lack of broadband internet coverage across the country, especially in rural areas, many students are unable to access online and digital educational contents.

Impact Case

Read about impact metrics and social and environmental risks of the investment opportunity.

Sustainable Development Need

Tunisia's Systematic Country Diagnostic cites skills mismatch and low-quality education as two of the country's primary human capital problems, notably in the country's lagging regions. It emphasizes the low quality of education as a barrier to youth involvement and employment development (18).

Tunisia has a high dropout rate, with over 100,000 children dropping out of school before reaching the age of 16 (11).

Gender & Marginalisation

The majority of schools have difficulties at work as a result of inadequate infrastructure and worn-out equipment. Additionally, there is a dearth of critical educational materials. This situation deteriorates further in isolated rural areas, when educational needs are greatly exacerbated (19).

For the period 2010-2018, adolescent (aged between 10 an 19 years old) not engaged in either education, employment or training were up to 20% for female and 15% for male (20).

From elementary through secondary school, boys have greater dropout and repetition rates and lower advancement rates than girls at each level. While girls are more often subjected to dropouts at the behest of their parents, boys are subjected to dropouts for pedagogical and academic reasons (21).

Expected Development Outcome

Educational content development is anticipated to further drive the development of educational materials. Improved educational content will make learning more engaging and help Tunisian students in achieving their academic goals.

Gender & Marginalisation

Academically challenged kids, especially in elementary school and rural areas, are expected to benefit from high-quality educational material.

Primary SDGs addressed

Quality Education (SDG 4)
4 - Quality Education

4.1.1 Proportion of children and young people (a) in grades 2/3; (b) at the end of primary; and (c) at the end of lower secondary achieving at least a minimum proficiency level in (i) reading and (ii) mathematics, by sex

4.4.1 Proportion of youth and adults with information and communications technology (ICT) skills, by type of skill

4.6.1 Proportion of population in a given age group achieving at least a fixed level of proficiency in functional (a) literacy and (b) numeracy skills, by sex

Current Value

(a) (i) 47% (c) (i) 28.4194% (c) (ii) 25.1943%

ARSP 18.2079% CMFL 25.6229% COPA 22.6156% EMAIL 21.2467% EPRS 16.2401% INST 17.2485% PCPR 16.0858% SOFT 16.5873% TRAF 16.2848%

Secondary SDGs addressed

1 - No Poverty
5 - Gender Equality

Directly impacted stakeholders

People

School-aged children across Tunisia

Gender inequality and/or marginalization

Academically challenged kids, especially in elementary school and rural areas

Indirectly impacted stakeholders

Public sector

Government benefiting from increased academic success of students

Outcome Risks

Increased and decentralized development of education content may not cover the whole of the necessary curricula and cause differences in students' learning.

Gender inequality and/or marginalization risk:

Impact Risks

If students' needs from different regions and socioeconomic conditions are not taken into account, the education content can only reach to a limited studentbase.

Education content developers might stop their activities at any point which would hinder the creation and endurance of impact.

Gender inequality and/or marginalization risk:

Impact Classification

C—Contribute to Solutions

What

Development of physical and virtual instructional resources that help improve students' academic performance

Risk

While physical and virtual education content development model is proven, students' needs and endurance of the activities require consideration.

Impact Thesis

Enhance academic performance for academically challenged students creating instructional material, also to address gaps between urban and rural areas.

Enabling Environment

Explore policy, regulatory and financial factors relevant for the investment opportunity.

Policy Environment

Strategic Plan for Reforming Higher Education and Scientific Research 2015–2025 has five main objectives: increase quality and employability; promote research and innovation; foster good governance; review university planning for regional balance; and develop teacher training (22).

The Ministry of Education introduced “Digital Solution for All” in 2015 as part of a larger reform package, enhancing education for 2 mln. students and 150,000 teachers. It promoted the use of digital tools in the class and ensured the students' access to digital resources (6).

Tunisia has placed a premium on education since gaining independence in 1956. In 1959, the government implemented an education plan that viewed education as a national investment and a critical factor in determining the nation's economic growth (23).

(Policy document)

Financial Environment

Financial incentives: The state can assume a portion of the wages given to Tunisian professors and trainers (25%), the employer's contribution to social security system for five years (25).

Fiscal incentives: Direct investments in support activities (incl. education) generate profits that are subject to Corporate Income Tax at a rate of 10% (Personal Income Tax on revenues less 2/3 deduction).

Other incentives: Imported equipment is exempt from customs charges and taxes. VAT and consumption taxes are waived on imported and locally purchased equipment. Registration fees paid on the transfer of agricultural land may be reimbursed upon request within a three-year period.

Regulatory Environment

The Investment Law n°2016-71 on September 30, 2016 allows for two bonus and incentive programs. Article 20 provides for a first regime for national interest projects, while Article 19 provides for projects including direct investment activities.

Government Decree 2017-389 defines projects of national interest as those contributing to a national economic priority listed in the Act and satisfy one of the following criteria: investment of 50 million dinars or more; creation of 500 new employment each year for three years.

Tunisia adopted a new constitution on 26 January 2014, including articles 38 and 46 guaranteeing the right to education. This is a significant step forward, as the 1959 Constitution did not include a guarantee of the right to education

According to Law No. 2002-30 of July 23, 2002, education is a top national priority, and compulsory education is provided for children aged six to sixteen. Education is a fundamental right guaranteed regardless of gender, social origin, color, or religion (24).

According to the 2016 Investment Law, a list of sectors requiring government approval was set. Education is included in this "negative list". An investment request is automatically approved if the decision-making authority does not react within a defined period, usually 60 days.

Marketplace Participants

Discover examples of public and private stakeholders active in this investment opportunity that were identified through secondary research and consultations.

Private Sector

Ferida Round the World, Next Gen, Class Quiz, Be Neutron, Junior Network, Lysi, Sciencia, Black Dune Studio, NetShareK, My Enlightened Mind

Government

Directorate-General of Studies, Planning and Information Systems; Primary Cycle; Secondary Education. Regional directorates of education and training. National Commission for Education, Science and Culturei. (Ministry of Education) Tunis Virtual University (UVT)

Multilaterals

UNESCO, UNICEF, Arab League Educational, Cultural and Scientific Organization (ALECSO), USAID Tunisia, French Development Agency (AFD), European Bank for Reconstruction and Development (EBRD), World Bank, OECD, German Development Agency (GIZ)

Non-Profit

Tunisian Association for Educational Development (TAED), Tunisian Association for Quality Education (ATUQUE), Tunisia Plus, National Organization of School Youth

Public-Private Partnership

Target Locations

See what country regions are most suitable for the investment opportunity. All references to Kosovo shall be understood to be in the context of the Security Council Resolution 1244 (1999)
country static map
rural

Tunisia: South East

Across the country, content development remains relevant.
urban

Tunisia: Centre-East

semi-urban

Tunisia: Centre-West

rural

Tunisia: South-West

semi-urban

Tunisia: North-West

urban

Tunisia: North-East

References

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