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November 2015 - Promoting Inclusive Development

Dear Valued Investors,

Welcome to this November edition of the BOI newsletter.

The resumption of this publication is marked by renewed enthusiasm. It heralds very optimistic prospects regarding the future of Mauritius and practically the whole of the African continent.

In fact only last week, India expressed its commitment to Africa during an unprecedented celebratory gathering. New Delhi hosted forty-one African Heads of State. Indeed, India and fifty-four African nations expressed their determination to collectively rise to the challenges of a globalized world in a spirit of brotherhood. Such was the enthusiasm at the third edition of the India-Africa Forum Summit.

India’s Prime Minister, His Excellency Sri Narendra Modi, pledged a USD 10 billion concessional credit to Africa over the next five years, and an additional grant assistance of USD 600 million. This will  certainly act as an additional boost to the partnership  between India and African States, which stands at around USD 72 billion, while foreign direct investment from India to Africa is  currently estimated in excess  of USD 57 billion.

Mauritius was represented at the summit by the Prime Minister, the Right Honourable Sir Anerood Jugnauth, GCSK, KCMG, QC. The Prime Minister’s presence underpinned a PR Campaign designed to add lustre to the international image of Mauritius. He also very graciously accepted to launch the BOI office in New Delhi. This office will act as the initial link in the strengthening of the India-Mauritius relationship focused on the development of the African continent.

Earlier in mid-October Mauritius was also in the limelight, following Her Excellency Dr. Ameenah Gurib-Fakim’s participation in the Paris Biotech Forum and the Women Forum Global Meeting.

Furthermore, BOI collaborated with the Rodrigues Regional Assembly to organize the Investment Policy Forum on 13th and 14th October at the Cotton Bay Hotel in Rodrigues. The forum is a key initiative toward creating a sound investment environment in Rodrigues by mobilizing private investment, thereby easing Rodrigues’ entry in the investment community.

This issue of the newsletter includes an analysis of FDI inflows as well as investment opportunities in Rodrigues.

Remaining at your disposal to assist you to the best of our capabilities, we wish you a pleasant read.

Ken Poonoosamy
Managing Director

 

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