Newsletter February 2017 - Pursuing the Africa Strategy
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.
Africa’s metamorphosis has roused the interest of large global corporations, and the multiplication of initiatives and visits from foreign leaders are indicative of Africa’s geo-political importance.
Today, the consensus is that the peoples of the continent and its wealth of resources will have a key role in defining the future economic landscape.
What does this state of affairs imply for us?
The success of Mauritius as an economy has been carved from its singular ability to rein in opportunities whenever they arise. Today, we have an unfathomed mine of opportunities next door.
We have already set the wheels in motion to position and promote Mauritius as the natural gateway for investments into Africa. To legitimize this strategy, the Africa Economic Platform (AEP) will be held in Mauritius in March. The AEP will bring together political and business leaders from all over Africa to pursue discussions focusing on accelerating regional integration and increasing intra-African trade and cross border investments.
Later in the year, BOI will organize the 3rd Africa Partnership Conference which will regroup African Investment Promotion Agencies, policymakers and investors from all around the world with a view to forging meaningful business relationships.
These initiatives come in the wake of the progress made in terms of the development of Special Economic Zones (SEZs) in several countries across Africa. A few weeks ago, a Joint Development Agreement between the government of Mauritius and of Senegal was signed for the development of an Industrial Park in the new city of Diamniadio.
BOI, in collaboration with the FSPA and Air Mauritius, has recently organized the Maputo Roadshow which was attended by over 100 Portuguese companies and investors from various sectors, including accounting, auditing, banking, construction and manufacturing. A workshop and B2B sessions brought together private sector promoters and investors from Mozambique and Mauritius as well as policymakers and government officials.
Finally, this edition of the newsletter features the latest developments concerning Mauritius and the continent, the SEZ projects and the regional integration agenda. We also have an update on the improvement of the business environment, a sine qua non condition to make Mauritius an even more attractive destination for foreign direct investment.
Read the full newsletter here