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Newsletter March 2017- Towards greater efficiency

EDITORIAL

16Yrs And Award 06

Dear Valued Investors,

The month of March has witnessed a flurry of events and activities revolving principally around our strategy to leverage the tremendous resources and assets of Africa.  

This month’s pinnacle feature has been the first edition of the African Economic Platform (AEP) destined to become one of the most important economic meetings organised on the continent. It saw the presence of numerous heads of States, heads of governments and ministers, amongst others. Business leaders in the region made it a point to be part of the event to share their experience.

The African Economic Platform in fact came on the heels of our Independence Day celebrations. Therefore, on the eve of the half-century celebrations of our independence, it is opportune to flash back and ponder on the path that the nation has travelled to make this country what it is today.  

The metamorphosis from a mono-crop economy to a largely diversified one over a span of fifty years has proved the prophets of doom wrong. The economy now rests on strong fundamentals, with manufacturing activities, financial services, tourism and ICT contributing to building its resilience against endogenous shocks.  

Over the years, we have certainly been favoured by a number of positive conditions in our economic development.  Preferential access to export markets has been judiciously capitalized upon. Diversification in new sectors has given rise to numerous advantages while mitigating exogenous risks. However, and not the least factor, the strength of our institutions has rendered possible a sustainable structural transformation which has paved the way for the pursuit of our strategy to attain the high-income economy status.

One such institution co-celebrates its anniversary month with the nation’s independence festivities. Indeed, the Board of Investment has been a leading player in the country’s development agenda for the past 16 years. BOI has played a crucial role in promoting and attracting foreign direct investment, improving the business environment and supporting the Government in inclusive policy decisions to start new activities, generate jobs, create wealth and improve the overall quality of life.  

The endeavor to pursue our mission and serve the country is as strong as ever for BOI’s commitment to be at the forefront in shaping the country’s future is axiomatic.

It is most encouraging to note that, coinciding with BOI’s 16th anniversary, the organisation has been honoured, for the second year running,  with the Annual Investment Meeting (AIM) 2017 Investment Awards held in Dubai, in recognition of the best projects in the Southern African region.

This edition of the newsletter features our doing business corner and revisits the Mauritius-Africa initiatives. We have also included an in-depth analysis of the Mauritian Diaspora Scheme, one year into its operationalization.

I wish you a pleasant read.

Ken Poonoosamy
Managing Director

Read the complete newsletter.

 

04 April 2017