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Mauritius Positions Itself as Africa’s Financial Services Hub

May 27, 2023

Mauritius' strong links to the international market have made it stand out, through its number of bilateral and multilateral agreements with several countries across the globe aiding investment and capital across borders

By Boris Esono Nwenfor

Mauritius has established itself as a hub for financial services, with its strong regulatory framework and business-friendly policies attracting a significant amount of investment capital, says Michael Adjei, Órama Corporate Services International Business Development Expert.

BUEA, May 27, 2023 – Since gaining its independence in 1968, Mauritius went through a remarkable transformation. Today, it prides itself in having a diversified economy, with a clear economic strategy: to accelerate the established sectors, including agriculture, hospitality, financial services, research and intelligence, and fintech.

Mauritius, as an international financial centre, is well positioned to provide the springboard into the African continent. A business-friendly environment with a simple tax system has contributed to the success of Mauritius as a preferred platform for investment in Africa.

“One of the key ways in which Mauritius attracts financing and funding to businesses in Africa is through its robust financial services sector,” Michael Adjei, Órama Corporate Services International Business Development Expert on "how Mauritius helps to attract capital and funding to businesses in Africa," said: “The country has established itself as a hub for financial services, with its strong regulatory framework and business-friendly policies attracting a significant amount of investment capital.”

“The government of Mauritius has also implemented a variety of measures to encourage inward investment and support local businesses, including tax incentives, special economic zones, and streamlined regulatory procedures,” Michael Adjei added.

Mauritius boasts diversified investments in the high-growth sectors of energy, transport, medical and pharmaceutical; and innovates through hi-tech fields consisting of Biotechnology, Artificial Intelligence.

Michael Adjei, Órama Corporate Services International Business Development Expert added: "Mauritius is also home to several specialized institutions that provide unique funding and financing opportunities for businesses throughout Africa. The African Development Bank has designated Mauritius as a regional hub for its private sector operations, providing funding and financial support to businesses across the continent."

With a robust and dynamic communications infrastructure, considerable efforts have been made to establish the country as the FinTech hub of Africa. Driven by a process of evolution, with change at multiple speeds, Mauritius is well-positioned to anticipate future trends. New regimes and incentives introduced through the years are delivering on their context slowly but surely.

Mauritius' strong links to the international market have also made it stand out, through its number of bilateral and multilateral agreements with several countries across the globe aiding investment and capital across borders. These agreements have allowed “Mauritian businesses and financial institutions to tap into the global pool of capital while also providing a conduit for international investors to access opportunities in Africa,” Michael Adjei said.

“Mauritius has emerged as a key player in the realm of business finance and funding, offering a range of services and solutions that are specifically tailored to the needs and challenges of businesses across the African continent. Through its strong financial service sector, specialized financial institutions, and international links, Mauritius has been able to attract investment capital and support local businesses in a way that has earned it a reputation as a business-friendly and supportive environment for companies operating in Africa."

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