Since independence in 1968, Mauritius has developed from a low-income, agriculture-based economy to a middle-income diversified economy. Mauritius is ranked high in terms of economic competitiveness, a friendly investment climate, good governance and a free economy. The Gross Domestic Product (PPP) estimate was at $22.025 billion and GDP (PPP) per capita income over $16,820 in 2014, one of the highest in Africa.
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Published on January 18, 2017
Seizing AGOA Opportunities in East Africa is a production of the USAID East Africa Trade and Investment Hub (The Hub). It highlights the work of the Hub’s Component 3 – Trade Promotion and AGOA, and briefly describes the legislation AGOA.
The trifold also outlines the general steps to follow when exporting to the U.S. under AGOA, and provide information on how to engage with the Hub on issues of trade promotion and AGOA.
Published on November 29, 2016
Mauritian firms have injected more than Sh5 billion into the economy through acquisitions and investments in Kenyan companies, indicating tightening economic links between Nairobi and the Indian Ocean Island country.
The rush to Kenya by Mauritian firms is partly spurred by a double-taxation agreement signed two years ago.
Financial services group SBM Holdings’ intended acquisition of Fidelity Bank for an estimated at Sh2.7 billion is so far the single-biggest publicly announced deal. Read more. Source | Business Daily
Published on November 15, 2016
The sustainable growth opportunities available for businessmen and investors in Africa was the focus of a workshop organised yesterday by Sagittarius Ltd at Hennessy Park Hotel in Ebène. The Minister of Business, Enterprise and Cooperatives, Mr Sunil Bholah, was present at the opening.
Targeting businessmen and entrepreneurs, the workshop covered business opportunities in Africa, challenges faced by local businessmen as well as methods of market entry. Participants were given an overview of several countries in Africa. Discussions included a contextual analysis of the continent as well as Africa’s political and economic background.
The boosting of intra-regional trade through the creation of a wider market, increased investment flows, enhanced competitiveness and development of cross-regional infrastructure was also highlighted. According to the Minister, the position of Mauritius as part of Africa will improve significantly on the global economic stage when the Continental Free Trade Area (CFTA) negotiations conclude in 2017. Read more. Source | Republic of Mauritius
Published on October 26, 2016
The National Women Entrepreneur Council (NWEC) is organising a week-long education tour for some 47 women entrepreneurs from Rodrigues who are presently in Mauritius. The aim is to impart knowledge and skills to enable these women to grow and foster their business so as to emerge as a much stronger economic force.
The visit of women entrepreneurs to Mauritius is part of the annual 'Tournée Rodriguaise', organised by the Deputy Chief Commissioner's Office, in collaboration with the Commission for Tourism of Rodrigues, with a view to promoting Rodrigues through its local products, cuisine and culture. Read more. Source | Republic of Mauritius
Published on September 21, 2016
The Board of Investment (BOI) kicked off its Africa Partnership Conference on 20 September, bringing together representatives of investment promotion agencies and industry representatives from Mauritius and Africa to discuss the opportunities and challenges of driving growth in Africa through greater collaboration on investment promotion. Two new MoUs were also signed between the BOI and the Swaziland Investment Promotion Authority (SIPA) and the East Africa Trade and Investment Hub (EATIH).
In his opening address, the Hon Pravind Kumar Jugnauth, Minister of Finance and Economic Development of Mauritius, highlighted that Africa still has far to go and a lot to achieve, and that it will require tremendous policy efforts, since Africa still faces deficits on many fronts. Read more. Source | Africa Money
Published on August 08, 2016
The Government has given investors from Mauritius the green light to set up a sugar processing factory in the country.
The agreement will see the investors construct a factory with capacity to produce 100,000 tonnes of sugar per year. The current sugar production in the country is at 10,000 tonnes per year, yet the annual sugar demand is expected to reach 160,000 tonnes by 2020, according to projections from the Ministry of Trade and Industry.
The new plant is part of a major multi-purpose project that is expected to cost between $250 million and $300 million, according to the minister’s estimates. Read more. Source | New Times
Published on July 20, 2016
Industrial investors and other producers operating in Mauritius intend to penetrate the East African market and they plan to start off this initiative by staging a special manufacturer exhibition in Arusha next October.
That apparently has resulted from the working visit to the Indian Ocean Commission in Mauritius, by the Secretary General of the East African Community, Ambassador Liberat Mfumukeko, who has just concluded the trip there following an invitation by the Secretary General of the IOC, Mr Jean Claude de l’Estrac.
The Indian Ocean Commission (IOC) is a regional integration organization that has memberships of Mauritius, Comoros, Seychelles, Madagascar and France. Read more. Source | Daily News
Published on July 14, 2016
The Mauritius Revenue Authority (MRA) is called upon to look into innovative ways and means of further reducing the cost of doing business so as to promote trade, businesses and embark on a higher economic growth path and also position Mauritius among the top 10 countries on the Ease of Doing Business.
This statement was made by the Minister of Finance and Economic Development, Mr Pravind Jugnauth, yesterday in the context of the celebrations marking the 10th anniversary of the MRA at the Intercontinental Hotel, Balaclava.
Minister Pravind Jugnauth, underlined that the MRA remains a strategic partner for the Government in the wake of the urgent socio-economic transformation of the country not only in terms of raising optimal revenue to finance public policies and economic development but also in providing to the public a living example of a most successful re-engineering of public sector institutions. Read more. Source | Republic of Mauritius