The Government has already announced the setting up of the Economic Development Board (EDB) which will involve the merger of the Board of Investment (BOI) with the Financial Services Promotion Agency (FSPA) and Enterprise Mauritius (EM). The objectives that BOI has set for itself, as well as the actions, can easily be reconciled with the strategy of EDB and aligned to the initiatives that will follow in a bid to have a more coherent approach to the promotional and marketing strategies of Mauritius as an investment destination and trade platform. This initiative of the Government will thus ensure alignment and send across a single strong message to the local and international business community.
The actions will therefore be guided by the following priorities:
- Mobilisation of local and private sector investment
- Job creation
- Doing business reforms
- Organisational efficiency
Thus, BOI will further pursue its mandate of facilitating projects in hospitality, aquaculture, ICT and manufacturing activities. The focus will also be geared towards emerging sectors such as Biotechnology and Fintech, and the action plan of the institution has therefore been crafted taking into consideration efforts that will be required to attract companies in these segments.
Over and above the facilitation aspect, BOI will also work in close collaboration with stakeholders and regulators to ensure that the right framework is in place and that promoters are offered adequate visibility. The regulatory framework, incentives and administrative procedures for these innovative sectors will be a key focus for BOI in 2018.
The organization will continue to work closely with operators to improve the business climate and make Mauritius as an attractive investment destination. A new Business Facilitation Bill will be drafted following consultations with public and private stakeholders and will thereafter be presented to parliament. The objective of Mauritius is to progress to the top 20 ranking in the World Bank Ease of Doing Business Ranking next year.
With regard to the Africa Strategy, BOI is planning to organize a first of its kind international IPA meet in Mauritius as part of the Africa Partnership Conference. In addition, BOI will work in close collaboration with relevant stakeholders to operationalize the SEZ strategy and position Mauritius as the Financial Services Platform for Africa.