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The World Bank forecasts a 2.7% global growth in 2017

Global economic growth is forecast to accelerate moderately to 2.7 percent in 2017 after a post-crisis low last year, as obstacles to activity recede among emerging market and developing economy commodity exporters, while domestic demand remains solid among emerging and developing commodity importers, according to World Bank report entitled “Global Economic Prospects 2017: Weak Investment in Uncertain Times”, released on 10th January 2017. 

 

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Transitioning from Freeport to Freezone Model

The National Budget 2016 mentioned the development of a new legislative framework to enable the country’s transition from a Freeport to a 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 foster economic growth and improve the country’s competitiveness as a reliable and attractive investment destination.  The most pertinent outcome envisaged by the Free Zone model the diversification of the national industrial base, in line with the Government’s policy to develop Mauritius as a regional logistic, distribution and marketing centre for value added products. 

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Newsletter December 2016 - Retrospect 2016 and Prospects 2017

Dear Valued Investors,

We are getting ready to turn the page on another frenetic year with its surprises and shocks, especially regarding the international front. 

If 2016 has taught us any new lesson, it is that normalcy, predictability and conventional forecast are turning out to be defiantly anachronistic concepts in this day and age. 

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