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Re-engineering the Freeport Sector

The 2016 National Budget  announced the development of a new legislative framework to ease the transition from the existing Freeport regime to an integrated Free Zone model based on the fact that “the current development model can no more deliver on our aspirations as a nation”. The development of the Free Zone framework is viewed by Government as one of the key strategies to boost economic growth through exports, thereby improving the country’s competitiveness as a reliable and attractive investment destination. 

The Blockchain Seminar generates key interest from industry operators and stakeholders

The Board of Investment (BOI) organized a seminar on the blockchain technology on the 15th September 2016 and also hosted a series of interactive working sessions with key stakeholders of the industry, namely the Ministry of Technology, Communication and Innovation (MTCI), the Financial Services Commission (FSC), the Mauritius Bankers Association and Entrepreneurs on Friday 16th September 2016.

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Mauritius ranks 5th worldwide and secures the first position in Africa as one of the most economically free country

“Economic freedom leads to prosperity and a higher quality of life, while the lowest ranked countries are usually burdened by oppressive regimes that limit the freedom and opportunity of their citizens,” said Fred McMahon, Dr. Michael A. Walker Research Chair in Economic Freedom with the Fraser Institute.

According to the Fraser Institute's Economic Freedom of the World 2016 Annual Report  which has been released on 15th September 2016, economic freedom has been increasing around the world during the last 30 years.

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APC 2016 - Mauritius: The platform to boost development in Africa

Mauritius is well-positioned to serve as a platform to attract investment to accelerate economic development of partner African States.

The Board of Investment Mauritius, in collaboration with the World Association of Investment Promotion Agencies (WAIPA) organised the Africa Partnership Conference 2016 on the 20th & 21st  September 2016 at the Intercontinental Mauritius Resort, Balaclava.

The two-day conference bears testimony to the commitment of African countries to elevate existing relations towards new heights for the mutual benefit of Africa.

Mission to India - Ministerial delegation led by Honourable Pravind Kumar Jugnauth, 12-18 September 2016

A ministerial delegation led by Honourable Pravind Kumar Jugnauth, Minister of Finance and Economic Development, proceeded to India on 12th September 2016 to engage discussions with H.E. Shri Narendra D. Modi, Prime Minister of the Republic of India, Honourable Shri Arun Jaitley, Minister of Finance as well as with other senior Government officials.  One-to-one meetings are scheduled with high profile investors in New Delhi and Mumbai.  A round table meeting will also be held with eminent business people in Mumbai. 

BOI issues first Smart City Certificate

Situated in the vicinity of the airport, the Mon Trésor Smart City project developed by Omnicane Ltd is the first project to be issued with a Smart City Certificate by the Board of Investment under section 18 of the Investment Promotion Act and regulation 9 (5) of the Investment Promotion (Smart City Scheme) Regulations 2015. 

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Mauritius ranked 1st in Africa with the highest Human Development Index

As part of a side event of the TICAD VI Summit held recently in Kenya, UNDP presented the Africa Human Development Report 2016.

The report highlights that the highest human development levels in Africa are in Algeria, Libya, Mauritius, Seychelles and Tunisia. Mauritius is in fact ranked first in Africa with a Human Development Index (HDI) of 0.777 in 2014.

The full report can be accessed on the link below: Africa Human Development Report 2016