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July 2012: An Innovation-driven economy

Dear Valued investors,Ken En

The Board of Investment, in collaboration with the United Nations Conference on Trade (UNCTAD), launched the World Investment Report (WIR) earlier this month. The report confirms the positioning of Mauritius as a gateway for international investments in the region.

According to the World Investment Report (WIR), both in terms of FDI inflows and outflows, Mauritius is in the top 5 of the category 'Small Island Developing States (SIDS)' which regroups 29 countries. The UNCTAD FDI Attraction Index 2011, which ranks countries by the FDI they receive in absolute terms and relative to their economic size, places Mauritius in the category of countries which are "in line with expectations".

Pursuant to Government`s vision of transforming Mauritius into a high income country and graduating it to an innovation driven economy, BOI is pursuing its strategy of both market and product diversification, while at the same time further consolidating our traditional sectors and markets. In this respect, Honourable Xavier Duval, GCSK, Vice Prime Minister and Minister of Finance and Economic Development of Mauritius, who is receiving the award of the Best African Minister of Finance from the African Leadership Magazine in London this week, will equally be meeting with UK based investors from various sectors including IT, Financial Services, Life sciences and property developers, amongst others.

The financial services sector remains one of the strongest economic pillars of our economy with a contribution of more than 10% to GDP. To further consolidate our image as a clean, trusted, reliable, well-regulated and internationally recognized international financial centre (IFC), discussions were held during the visit of Honourable Arvin Boolell, GOSK, Minister of Foreign Affairs, International Trade and Regional Integration to India. A number of press interactions and very select meetings with key personalities in India were coordinated by BOI for this visit.

These meetings allowed us to share the numerous initiatives that Mauritius has taken up to now in view of promoting exchange of information and greater collaboration, while at the same time addressing concerns raised by India.

In view of strengthening the position of Mauritius as an IFC in the field of Private Equities (PE) and regional investments, I have the pleasure of announcing the second edition of the Private Equity Mauritius 2012 conference scheduled on 17th and 18th of September.

This year's conference has been themed "Mauritius – your gateway to African opportunities" and aims at showcasing how PE funds can serve as leverage for Mauritius to explore growing opportunities in Africa. Registration for the conference is open at and we look forward to welcoming all major players with a regional business interest from around the world.

Ken Poonoosamy

Managing Director