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Newsletter May 2018 - Pursuing Innovation & Excellence

Dear Readers,

Welcome to the May edition of the Economic Development Board’s newsletter.

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This month provided us with yet another decisive occasion to mark our pursuit towards building the EDB into a strong, efficient and forward-looking institution.

Indeed, the Honourable Prime Minister unveiled our logo, one of the core elements of our corporate identity on 10th May 2018 as the apotheosis of a one-day seminar organised on the E- Licensing Project which is being driven by the EDB as an instrument to further improve the conduct of business in Mauritius.

The seminar was held as one of the key events of the Europe Week, and coincided with our 50th anniversary as an independent nation, justifying a strong and perennial Mauritius- EU partnership to showcase this strategic project and ensure its prompt fulfilment.

This month, we have also witnessed the unravelling of several private sector-led projects to nurture the productive capacity and resilience of the country, with several launching events translating the positive business sentiment across the country and further reiterating the Government’s determination towards mobilising further domestic and foreign investment, while ensuring that public sector projects are implemented on time. Sustainability and job creation remain key priorities all along.

One such project is the Cap Tamarin Smart City, which, it should be reminded, is the 5th to get started, with the Honourable Prime Minister personally sending the signal on the importance of projects of such magnitude by gracing the event through is inauguration.

This was followed by the launching of a new dye-house and an e-commerce platform by RT Knits, which stand as a harbinger of hope in defining a new business model by breaking the rules inherent within our traditional manufacturing industry. What RT Knits has demonstrated by creating the first E-Commerce platform linking businesses to customers directly is that the industrial sector can still survive, thrive and compete internationally by embracing new technologies and new methods to reach out to the consumer base. Such ingenuity, vision and boldness should be inspiring, and we should all use such examples to carry out our agenda on new industrialisation. By reducing intermediaries, we can achieve more with the little that we have and challenge the established order to compete with the strongest.

This ability of ours to triumph even when the odds are long is well recognised. Recently, Global Sourcing Association, a well-known international organisation in the ICT/BPO segment, has released a list of finalists for the prestigious Global Sourcing Awards and we are delighted to announce that Mauritius has been shortlisted for the “Global Destination of the Year” for its performance and excellence. The results will be known in early October.

Our international footprint keeps on increasing. Indeed, the EDB recently participated in the 53rd Annual meeting of the African Development Bank and the 6th Korea-Africa Economic Cooperation Conference (KOAFEC) in South Korea’s city of Busan. The host country pledged support to the tune of USD 5 billion in various development projects in Africa and reiterated its full commitment for a strong, effective and better African Development Bank that will be able to deliver on the High 5 priorities, namely Light up and power Africa, Feed Africa, Industrialize Africa, Integrate Africa, and Improve the quality of life for the people of Africa.

Finally, this edition of our newsletter features an analysis of FDI, insights on new trends in financial services such as fintech, blockchain & aspects of taxation and a country report on South Africa.

I wish you a pleasant read.

Joseph Charles E. Cartier
Chairman

 

Read the complete newsletter here.