To further develop its ocean economy sector and harness renewable energy, Mauritius aims to be among the pioneering nations in the Indian Ocean regarding the installation of an offshore wind farm. In this context, the Mauritius Research Council (MRC), the leading Government body responsible to drive research and innovation, has launched an Expression of Interest for the Development of Offshore Wind Farms for the Republic of Mauritius.

Mauritius has an exclusive economic zone of 2.3 million square kilometres.   Preliminary research conducted by the MRC has yielded positive results for energy production from offshore wind farms both for Mauritius and Rodrigues. Consequently, this expression of interest consists of the second phase of this initiative to foster economic benefits from renewable energy sources. Moreover, offshore wind farms present substantial advantages for island States like Mauritius,  including energy security, reduction of pressure on land, noise and other interferences associated with onshore wind farms. Additionally, it qualifies the country as a pioneer in the sector for the region in terms of future export of know-how and services. 

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The Managing Director of the Board of Investment, Mr. Ken Poonoosamy, is leading a high-profile delegation of 30 stakeholders at the world’s premier property and development event, Le Marché International des Professionnels de l’Immobilier (MIPIM) 2017, from 14th to 17th March 2017 at Le Palais Des Festivals, in Cannes, France.

During this annual event, Mauritius will be promoted as a secure investment destination. The island’s flagship projects will be showcased. Strong strategic partnerships will be struck with a view to accelerating the emergence of Mauritius as a regional innovation platform.  Against a backdrop of digital disruption in the real-estate market, new paradigms in the geopolitical landscape and socio-environmental priorities, a reviewed strategy is crucial for the Mauritius property market to thrive as world-class regional hub.

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To provide further impetus to the existing excellent bilateral relations between Ghana and Mauritius, the Ministry of Foreign Affairs, Regional Integration and International Trade in collaboration with the Board of Investment organised a breakfast business meeting this morning, 12th March 2017. 

The business meeting provided a platform to foster greater interaction with the high-level business delegation led by His Excellency, Dr. Mahamudu Bawumia, Vice-President, Republic of Ghana and the Mauritian business community to mark the national day celebrations.
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In the context of the 49^th anniversary of the Independence of Mauritius and the 25^th anniversary of the Republic, the Vice-President of the Republic of Ghana, His Excellency Mahamudu Bawumia will be on state visit to Mauritius from 11^th to 12th March 2017 as Chief Guest for the National Day Celebrations.

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H.E. Paul Cartier,  Ambassador of the Kingdom of Belgium with residence in Tanzania and accredited to the EAC bloc  in collaboration with the  “Agence Wallonne à l'Exportation et aux Investissements Etrangers” (AWEX) represented by M. Dominique Delattre and Mr. Jean-Pierre Muller, is currently leading a business delegation of  12 Belgian companies to Mauritius from 4^th to 7^th  March 2017. The delegation comprises around 15 businessmen and investors from various sectors, namely Construction & Environment, Manufacturing, Energy, Biotech  and Healthcare, amongst others.

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The Board of Investment, in collaboration with The Financial Services Promotion Agency (FSPA), ENS Africa  and selected partners, organized a Technical Workshop on the “Luxembourg Rail Protocol” on Tuesday 7^th March 2017 at the Board of Investment.

The Luxembourg Rail Protocol derived from the Cape Town Convention on International Interests in Mobile Equipment aims at standardizing transactions relating to movable property.   The Protocol recognizes the priority of securing and protecting railway rolling stock investors.   

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EDITORIAL

Dear Valued Investors,

Africa’s transformation, rather its evolution, from a continent ridden with internal deficiencies to a seedbed for investments has been remarkable. A few decades ago, this progress would have been deemed impossible. But the determination and the force of character of the Africans decided otherwise.

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The Board of Investment, in collaboration with Air Mauritius and the Financial Services Promotion Agency, organized a roadshow in Maputo, Mozambique, from 22nd to 24th February 2017.  In this context, BOI led a delegation of prominent Mauritian entrepreneurs from key growth sectors such as the financial services sector, ICT, the film industry and the construction sector to Mozambique.  This initiative is in line with BOI`s strategy to promote outward investment and enhance the position of Mauritius as the hub for Africa.

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