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August 2013: Connecting our Markets

Dear Investors,

August 2013 saw, once again, the unflinching commitment of Mauritius to the long term sustainability of its economy.

The inauguration of the new terminal at the Sir Seewoosagur Ramgoolam International Airport last Friday by Dr the Honourable Navinchandra Ramgoolam, GCSK, FRCP, Prime Minister of Mauritius, is indeed an event etched in the national development strategy. This new terminal, an essential component in the country’s planned infrastructure, will further consolidate the island’s position as a regional business center since our capacity to manage air traffic and passenger flow is forecast to double.

All stakeholders agree that our growth potential will become more visible, for this development is yet another means that will trigger not only new airport operations while allowing the emergence of businesses that depend on air transport, but it will strengthen the link between the Asian and African markets in accordance with the strategy which is being pursued.

The quality of our air-transport infrastructure will also significantly improve the ranking of the island in terms of its global competitiveness. Last November, Mauritius hosted the National Workshop on Competitiveness, an event organized by the World Economic Forum. Mauritius ranked 54th globally on the 2012-2013 list of the World Economic Forum Competitiveness.

Since then, through the close collaboration of all stakeholders, and as a result of efforts deployed over the last two semesters, the competitiveness for the period 2013-2014 is expected to further secure the confidence of investors.

In addition, efforts to support the promotion of new opportunities in Mauritius continue unabated. The launching of the Film Rebate Scheme last year has seen a growing interest from international film directors to produce films in Mauritius. The recent first clap ceremony of the launch of a Bollywood film approved by BOI under that scheme has confirmed the pertinence of the initiative.

In addition, following the strategic vision of the government to strengthen the position of Mauritius as a regional investment platform, arrangements are on the point of completion for the 2013 edition of the Private Equity Conference scheduled for 12th and 13th September. An impressive number of international speakers has been lined up. Discussions will cover various aspects of private equity while exploring investment opportunities in Africa. The conference, to be held at the Hilton Hotel, will be officially launched by Honourable Charles Xavier-Luc Duval, GCSK, Vice Prime Minister and Minister of Finance and Economic Development.

On this positive note, I want to reiterate that our team of professionals is at your disposal for any assistance you may need to achieve your investment projects.

 

Ken Poonoosamy
Managing Director