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Mauritius National Budget 2016-2017 Highlights

Dear Investors,

Welcome to this special edition of the BOI newsletter which provides you with the highlights of the budget presented earlier this afternoon, 29th July 2016, by Honourable Pravind Kumar Jugnauth, Minister of Finance and Economic Development.

Crafted to give a new impulse to the economy, the 2016/2017 Budget, themed “A New Era of Development”, activates ten concurrent tracks to haul the economy out of the slough.


2016-2017 National Budget

We are pleased to inform our valued investors that live streaming of the 2016-2017 Budget speech will be available on  as from 4.30 p.m on 29th July 2016.

The Board of Investment will be releasing a special issue of its enewsletter following the presentation of the budget by Honourable Pravind Kumar Jugnauth, Minister of Finance and Economic Development.

Film production under the Film Rebate Scheme

Bollywood Stars namely Sushant Singh Rajput and Kriti Sanon are in Mauritius for the shooting of the film Raabta, an Indian production directed by Dinesh Vijan and co-produced by Homi Adajania, Bhushan Kumar and Dinesh Vijan. This production is benefiting from the Film Rebate Scheme and the crew will be spending some two weeks to shoot in the splendid locations and landscape of Mauritius.

Presentation of the National Budget 2016/2017 by the Honourable Minister of Finance and Economic Development set for 29 July 2016

In a press conference held this Friday afternoon, Honourable Pravind Kumar Jugnauth,  Minister of Finance and Economic Development announced that the presentation of the budget will be held on 29 July 2016. 

The budget is being prepared amid uncertainties and apprehensions in the immediate wake of BREXIT. Although markets seem to have stabilized and the latest trend from the FTSE index shows that investor confidence has picked up, headwinds still remain strong. 

Mauritius, the most technology-savvy economy in sub-Saharan Africa

According to The Global Information Technology Report 2016 themed “Innovating in the Digital Economy”, released by the World Economic Forum, Mauritius ranks 49th globally out of 139 countries in Network Readiness Index, a key component of the report.  Mauritius retains its first position as the most technology-savvy economy in sub-Saharan Africa.


The President of the Parliament of the Fédération Wallonie-Bruxelles discusses investment opportunities with the Board of Investment in a bid to consolidate economic ties

A delegation from the Parliament of the Fédération Wallonie-Bruxelles, head by its President, Mr. Philippe Courard, paid a visit to the Board of Investment this afternoon, 5th July 2016. Mr. Ken Poonoosamy, the Managing Director of the Board of Investment, welcomed the delegation and seized the opportunity to make a brief presentation of BOI, explaining the key role of the institution in the furtherance of the national economy.

Foreign Direct Investment Trends in 2015

The latest FDI figures released by the Bank of Mauritius show that FDI inflows into Mauritius recorded for 2015 were to the tune of MUR 9.627 billion. The 2015 figures for direct investment flows are preliminary and will be subject to revision once the Foreign Asset and Liabilities Survey 2015 results are finalised.