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June 2014: Mauritius reaffirming itself as an investment platform for Africa

Dear Valued Investors,

Our calling to be a front-line player in regional economic development and growth has been clearly reaffirmed by all foreign delegates who have attended the three conferences hosted by the Board of Investment in June.

The maiden edition of the Mauritius Africa Partnership Conference has held its promises.

The CEOs of the 28 Investment Promotions Agencies as well as the delegates from various businesses and organisations in attendance have been unanimous in acclaiming BOI’s initiative, especially as the two-day conference has turned out to be the very first platform for exchanges of experience among peers, for the sharing of common concerns relating to foreign direct investment and for getting to know one another as professionals called upon to fulfill a distinct mandate.

During the debriefing session, all IPA directors concurred about the urgency to partner with one another to power the forum forward with a view to carrying out the objectives set by each one at his/her country level.

Presenting the conference as a key platform to further promote economic and trade relations among the countries represented and establish clear conditions for fruitful and mutually beneficial partnerships, the Deputy Prime Minister, Dr the Honourable Rashid Beebeejaun, GCSK, FRCP, said in his inaugural address that the Mauritius Africa Partnership Conference “forms an integral part of the Mauritius-Africa strategy to reinforce linkages and accelerate exchanges within Africa.”

Indeed, there is no room for rivalry among Africa’s IPAs. The development of Africa remains our common goal as we endeavour to craft the long-term sustainable growth of our interconnected economies.

Furthermore, in the wake of the first investment conference of Mines and Money focusing on the African continent and held in Mauritius, the neutrality of our investment platform as the bridge for investment from Asia into Africa has been underscored. The forum has linked mining companies with Chinese and international investors in exclusive private meetings. Participants have been made aware of the various advantages of Mauritius’ double taxation avoidance agreements as well as its investment promotion and protection agreements with the government of various Sub-Saharan African States.

On the technological level, the birth of “digital Mauritius” does not seem to be a dream anymore. The organisation of the Mauritius Digital Workshop for government officials, CEOs and the ICT business community has identified the essential conditions for the development of a thriving digital economy. Besides, with the building of the “BRICS cable” serving as an independent link between Brazil, South Africa, India, China and Russia, we shall be connected to the world’s most comprehensive system for access to, and exchange of, information.

I also invite you to appreciate Larry Farrell’s insights as you read his interview pertaining to entrepreneurship in this edition of our newsletter.

Finally, the comments of IMF’s Deputy Managing Director, Dr. Min Zhu, during the launching of the Africa Training Institute in Ebène, are very encouraging. Dr. Zhu has restated his confidence in the economic trajectory of Mauritius as we aspire to become a high-income economy.

On this note, I encourage you to take bold steps to avail yourselves of all the investment opportunities as we pursue the implementation of our Africa strategy with renewed vigour.

Ken Poonoosamy
Managing Director

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