He added: “Africa is developing at a rapid pace and is one of the fastest growing regions in the world. Its population is expected to double by 2050 and its middle class is expected to reach over one billion customers. For many investors around the world, this is an unprecedented opportunity to tap into a booming consumer market where their investments can find long-term value.
Congratulating Dubai and the United Arab Emirates for leading the way in times of tumultuous crisis, Mr. Ken Poonoosamy, Commissioner General of the Mauritius Pavilion at Expo 2020 Dubai and Managing Director of the Economic Development Board, Mauritius, expressed a sentiment of hope and optimism, saying: “Like most countries, Mauritius is suffering from the impact of this global pandemic, but such adversities can only strengthen our determination to stay on the development path, and Dubai shows today the way. “
“Despite the current crisis, Dubai has succeeded in bringing 192 nations together at Expo 2020 to come together, share ideas, network and show what the future will look like. A future where technology and innovation will occupy a central place, especially in the banking and financial sector, ”he added.
Mauritius’ role in Africa’s unprecedented growth
With significant investments needed to help meet the target of US $ 350 billion set by the African Union agenda and achieve the United Nations Sustainable Development Goals, Minister Seeruttun said wealth and prosperity can only be created with more business and investment activities facilitated by influential nations such as Mauritius.
During a presentation on investment opportunities in Mauritius, Mr. Vinay Guddye, Director of Global Outreach, Economic Development Board, Mauritius, said African nations are embarking on transformative processes, unprecedented growth rates of the continent are due to increased trade, investment and structural transformation.
“And with its political, social and economic stability, strong regulatory framework and ease of doing business, Mauritius offers investors certainty as the appropriate jurisdiction when trying to mitigate risk in Africa,” he said. -he declares. “According to Moody’s credit rating, Mauritius is a good quality country and, alongside a strong hybrid legal system – made up of British common law and French civil law – Mauritius offers a solid entry into the African continent for businesses.
Mitigate investment challenges
During a panel composed of representatives of the Mauritius Economic Development Council and the Mauritius-based finance and business services sectors, discussions focused on private equity, business investments across Africa and private wealth.
And with improving governance across the continent, strong pent-up consumer demand, a growing middle class and growing demographics all playing an important role in the vast investment opportunities emerging across the continent, experts agreed. that investing in Africa is not without challenges.
This is why Mauritius is well positioned, as a nation, to play an important role in mediating and mitigating investment risks on a continent with enormous potential for capital absorption over the next decade.
Experts also discussed how Mauritius’ unique position also makes it a key player in uniting a fragmented African continent, from an investment perspective. Likewise, Singapore and Dubai have played this role for a fragmented Asia and Middle East, respectively.
Mauritius Finance & Investment Week is held from 5e to 9e December at the Waldorf Astoria Dubai International Financial Center, following on from Mauritius’ participation in Expo 2020 Dubai. To view the detailed agendas, please click here: https://www.dropbox.com/sh/lekftx8ixffzw9t/AACvrCRxoMvwT-SqleU7MHTja?dl=0
To register for a session, please send an email to [email protected]
For more information on the Economic Development Board of Mauritius, please click here: https://www.edbmauritius.org/. Additionally, for more information on the Mauritius pavilion at Expo 2020 Dubai, please click here https://www.mauritiusdubaiexpo2020.com/
About Mauritius Finance & Investment Week
The Mauritius Finance and Investment Week is an event organized by the Economic Development Board (EDB) of Mauritius, under the patronage of the government of Mauritius. The event will take place from 5e to 9e December in Dubai and will bring together leaders from Mauritius ‘finance and investment sectors, as well as industry experts, and in accordance with Mauritius’ participation in Expo 2020 Dubai.
About the Economic Development Board (EDB)
The Economic Development Board (EDB) marks a new start in the Mauritian economic landscape. It opens a new chapter in economic planning, investment, trade promotion and facilitation. The EDB started its activities as a statutory body in January 2018 following the merger between the Board of Investment, Enterprise Mauritius and the Financial Services Promotion Agency. The overall objective of the EDB is to ensure greater coherence and efficiency in the implementation of policies and to draw the vision of the path of economic development to be adopted to achieve a status of high-income economy, through sustainable and inclusive growth, while ensuring economic independence.
The mandate of the EDB is, inter alia, to provide strong institutional support to strategic economic planning and to ensure greater coherence and efficiency in the formulation of economic policies; promote Mauritius as an attractive investment and business center, a competitive export platform as well as an international financial center (IFC); act as the main institution responsible for the brand image of the country for the promotion of investments; and facilitate inward and outward investment and ensure an enabling business environment.
About the Maurice Pavilion
The Mauritius Pavilion is located in the Opportunities Area of Expo 2020 Dubai, near the Al Wasl Plaza. The pavilion takes visitors on an interactive journey of the tropical paradise island of Mauritius. The design features ground projections and a textured wall of seascape and forest, allowing visitors to explore the splendid nature of Mauritius. The predominant color of the pavilion is warm, bright and welcoming, reflecting Mauritian hospitality.
The Mauritius Pavilion also invites visitors to discover the achievements of the country and how they are linked to its past – “The roots of the future”. Visitors will also explore Mauritius’ role in the link between the world and Africa.
Email: [email protected]
© Press release 2021