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January 2015 - A new economic model

Dear Valued Investors,

Welcome to this first edition of the 2015 BOI newsletter. There could not be any better way of launching this year’s series of monthly bulletins than with a focus on the vision presented by the newly elected Government to move the Mauritian economy forward over the next five years.

In the 2015 – 2019 Government Programme, the future image of a prosperous Mauritius built on “innovative socialism” with key strategic objectives targeting sustainable economic development, job creation and an equitable distribution of wealth has been clearly laid out.

A number of key strategies have been identified to bring about change that will meaningfully impact the life of all citizens. For instance, the development of new economic poles such as a regional bunkering centre, the development and growth of the marine economy, the implementation of the duty-free-paradise concept and ICT-enabled services sectors will significantly broaden the economic architecture of the country. Concurrently, the consolidation of our traditional sectors along with the promotion of an entrepreneurship-driven economy is an integral part for the prompt achievement of Government’s objectives.

Emphasis is equally placed on Africa as a vital partner for our economic progress. The support provided by the government to businesses oriented towards Africa will intensify, be it for the manufacturing sector or cross-border investments. Another important component for the successful materialization of the Africa Strategy is an improved air and sea connectivity to tap major markets across the continent.

The expressed determination to foster a high level of business confidence and revitalize our investment climate in view of enhancing business facilitation is perceived as a fundamental factor in this entire process.

At BOI we are confident that the implementation, in all transparency and a spirit of good governance, of the vision set out in the 2015 programme will enable Mauritius to sustain and improve its position as an investment destination and business centre of choice.

You will also find in this special edition a synopsis of the main orientations announced for key economic sectors, comprising the ocean economy, manufacturing, financial services, technology, communication and innovation as well as tourism.

I wish you a pleasant read and we remain available to assist you to the best of our capabilities.

Ken Poonoosamy
Managing Director


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