Dear Valued Investors,
We open this editorial as uncertainties about the future of many economies regenerate fears about reduced growth, if not, a possible double dip of the global economy.
In this extremely challenging context, the Board of Investment is determined to deploy new measures to further promote Mauritius as a preferred investment destination and platform, while equally capitalizing on opportunities emerging in such periods of uncertainty. At the same time, we are focusing on building a pipeline of innovative investment projects that will serve as strong drivers in both our existing and new sectors of activity.
The month of September has indeed been eventful on several fronts. Our resolve to further broaden the participation of our operators in designing new measures to enhance the attractiveness of Mauritius as an investment hub was demonstrated by the ‘Mauritius Moving Ahead’ forum held on 15 and 16 September. This thought provoking exercise regrouped nearly one hundred decision makers set on the task of presenting implementable recommendations that address immediate, short-term and long-term goals for specific sectors of the industry.
The Africa Investor’s best Investment Promotion Agency of the year award for Africa was bestowed to the BOI for its efforts in attracting FDI to, as well as, continuously improving the business climate of Mauritius. The award was presented to Honourable Xavier-Luc Duval, Vice Prime Minister and Minister of Finance and Economic Development in Washington on 23 September. Additionally, the 2011 Economic Freedom ranking by Canada’s Fraser Institute placed Mauritius 9th globally and 1st in Africa out of 141 countries; while in the 2011-2012 World Economic Forum’s Global Competitiveness Report, Mauritius moved up the overall ranking. In its study on ‘quality of air’ across 1100 cities in 91 counties, the World Health Organisation positioned Mauritius 2nd in the world after Estonia. These recognitions reaffirm Mauritius’ commitment to continuous improve its offerings across all fields.
To increase the visibility of Mauritius as the investment platform and business hub of choice for the region, BOI headed an investment promotion mission to South Africa, covering Johannesburg, Durban and Cape Town. In each city, targeted interactive breakfast meetings with local business captains and decision makers were organised. The response was very positive with a turnout of over 250 attendees in the three cities.
In a bid to improve our responsiveness to, and interaction with, the global investors’ community, BOI has equally joined Facebook and Twitter in September. We invite you all to visit and follow us on these social networks.
Before I conclude, I would like to take this opportunity to wish well to our colleague Dev Chamroo, former Director Policy & Planning at the BOI, who has been appointed Chief Executive Officer of Enterprise Mauritius. Dev has been with the BOI since its very inception and has made significant contributions to its progress.
I wish to reassure you of our commitment to serve you to the best of our ability.