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Newsletter November 2017- New lines of business coming to fruition

EDITORIAL

Dear Valued Investors,

The Board of Investment is on the threshold of 2018. We have some very encouraging news regarding the recognition of BOI’s efforts and the institution’s rising prominence as a leading investment promotion agency in the region.

First, the Investment Commission of the United Nations in Geneva rewarded the Board of Investment with the United Nations Awards for Promoting Investment in the SDGs 2017 for the Medine Group’s Uniciti project. This award recognises BOI’s commitment in the adoption of best practices and for facilitating investments that are compatible with the sustainable development goals (SDGs).

Furthermore, during the World Association of Investment Promotion Agencies (WAIPA) elections that took place during its General Assembly held on 27th November 2017, BOI was elected to form part of WAIPA’s Steering Committee for the Regional Directorship for Sub-Saharan Africa. This election will give BOI the opportunity to play a leading role globally and ensure that Mauritius benefits fully from the wide range of support and assistance that WAIPA provides.

These recognitions at the international level vindicate the commitment and efforts deployed by BOI over the years to boost the transition of Mauritius towards a modern and services-driven economy. Indeed, BOI has been instrumental in fuelling the growth of the ICT sector, financial services as well as light manufacturing industry unflinchingly.

These endeavours will remain the focus of attention, as the organisation constantly thrives to further diversify our economy. A roadmap is presently being elaborated to enable the emergence of the Marine Biotechnology sector following a workshop that was organised in collaboration with the US Embassy. Investment promotion missions were also conducted in South Africa and Russia to expand our markets beyond the traditional perimeter.

This edition of the newsletter provides updates on our pursuit of the Africa Strategy with a recent workshop organised on the Madagascar SEZ. We are also pleased to share the eye-opening interview of one of our new Regulatory Sandbox Licensees.

I wish you a pleasant read.

Ken Poonoosamy
Managing Director

Read the complete newsletter here.