The inaugural Mauritius-China FTA Cooperation Forum was held on August 31, 2023, coinciding with the First Mauritius-China FTA Joint Commission. The forum aimed to share in-depth knowledge regarding the Free Trade Agreement (FTA) and explore avenues for expanding commercial activities. Discussions revolved around strategic initiatives to maximize the FTA’s potential for trade and investment between […]
According to the Bank of Mauritius, preliminary data shows a substantial increase in Gross Direct Investment flows for Q1 2023 in Mauritius as compared to the same period in 2022, exceeding pre-pandemic numbers. This growth, reaching 38%, is triggered by bold policy reforms undertaken by the Government to bolster the economic competitiveness and the ease
Rise in FDI in the first quarter of 2023 Read More »
On 11 August 2023, The Financial Services Commission of Mauritius (FSC) has proposed revisions to the 2017 Securities (Preferential Offer) Rules, revealing the 2023 draft Amendment Rules. Seeking public input, these changes require debt securities issuers to submit filings to the FSC per the outlined Amendment Rules. Feedback from financial stakeholders and the public is
The newly appointed High Commissioner of Uganda to Mauritius, Col (Rtd) Fred Mwesigye, met with Prime Minister Pravind Kumar Jugnauth in Port Louis on August 03,2023 to discuss cooperation in tourism, education, entrepreneurship, and trade between the two countries. They explored the potential for Mauritius to act as a hub for trade between East Africa
Strengthening Bilateral Relations: Mauritius and Uganda Forge Cooperative Pathways Read More »
Mr. Frédéric Bontems, the newly appointed French Ambassador to Mauritius, presented his credentials to President Prithvirajsing Roopun on August 1, 2023. During the meeting, Ambassador Bontems underscored the strong and warm relations between France and Mauritius, emphasizing their foundation in friendship, shared history, and mutual respect. He expressed his commitment to enhancing bilateral ties during
New French Ambassador Strengthening Bilateral Ties with Mauritius Read More »
Mauritius’ Minister of Finance, Dr. Renganaden Padayachy, inaugurated a two-day hybrid workshop on “Sovereign debt management, sustainable bonds, and debt transparency”. The workshop, in collaboration with the Regional Centre of Excellence (RCE) of the Financial Services Commission (FSC) and the Organisation for Economic Co-operation and Development (OECD), aims to strengthen the country’s debt management capacity
The Workshop on Sovereign Debt Management, Sustainable Bonds, and Debt Transparency Read More »
On July 25, 2023, Co-optrust Investment Services Ltd held its second Investors Conference on private equity. Minister Mahen Kumar Seeruttun emphasized the increasing interest in private equity investments and the government’s commitment to sustainability. He announced the upcoming Environmental, Social, and Governance Framework to attract investors and discussed measures in the National Budget 2023-2024 to
A conference for investors with a focus on private equity Read More »
On July 25, 2023, during the official visit to Mauritius, led by Mr. Liu Jianchao, the Minister of the International Department of the Central Committee of the Communist Party of China, both countries reaffirmed their commitment to strengthen bilateral relations in areas like renewable energy, pharmaceuticals, and climate. Minister Jianchao expressed optimism for a prosperous
A tripartite partnership agreement was signed between the French Development Agency (AFD), Business France, and the Economic Development Board (EDB) on the 20th of July. The main objective of this collaboration is to facilitate knowledge sharing and enhance the capabilities of institutions to promote responsible economic development in Mauritius. The partnership aims to support and
On 24 July 2023, The Financial Services Commission of Mauritius (FSC) has released a draft Guidance Notes on Stablecoins for public consultation, aligning with its transparent rule-making process. These notes aim to convey the FSC’s regulatory approach to stablecoins after the enactment of the VAITOS Act. Interested stakeholders and the general public can provide comments
The FSC Releases Guidance Notes on Stablecoins for Public Consultation Read More »
During the official launch of the third India-Africa Entrepreneurship & Investment Summit (the “Summit”) held in Mauritius from 20 to 21 July 2023, the President of the Republic of Mauritius, Mr. Prithvirajsing Roopun, emphasized Mauritius’ crucial role in bridging India and Africa for accelerated trade and investment, as well as fostering entrepreneurial ecosystems. He praised
The EDB of Mauritius is hosting a delegation visit from Togo on July 18-20, 2023, following a bilateral meeting during the Africa CEO Forum. This visit focused on potential areas of collaboration and Togo’s interest in learning from Mauritius’ successful practices in economic diversification and attracting foreign direct investment (FDI). The EDB is actively supporting
On July 14, 2023, the French Ambassador to Mauritius, Mrs. Florence Caussé-Tissier, hosted a reception to commemorate the French National Day. During the event, Ambassador Caussé-Tissier emphasized the strong economic partnership between Mauritius and France, citing France’s support in sectors like the circular economy, biodiversity, education, and renewable energy. She highlighted the unique bilateral relationship,
The Ambassador of France to Mauritius hosted the French National Day Read More »
On 29 June 2023, The Financial Services Commission (FSC) of Mauritius released a draft Guidelines on Cloud Computing Services for public consultation, seeking feedback from stakeholders and the public. These guidelines aim to establish best practices for FSC licensees adopting cloud computing services. Comments and feedback can be submitted via email until 21 July 2023.
FSC releases Public Consultation Guidelines on Cloud Computing Services Read More »
Dr. Robert Afriyie, Consul-General of Ghana to Mauritius, bid farewell to Prime Minister Mr. Pravind Kumar Jugnauth during a meeting on June 29, 2023. Dr. Afriyie expressed appreciation for his four-year tenure and the hospitable experience in Mauritius. The discussions centered on enhancing bilateral relations between the two countries, emphasizing mutual interests and potential collaboration
PM receives farewell visit from Consul-General of Ghana to Mauritius Read More »
The second edition of the Financial Services Career Fair was recently launched at the Shri Atal Bihari Vajpayee Tower in Ebène from June 23 to June 24, 2023, aiming to promote awareness and development of the financial services sector by bringing together stakeholders and creating better synergy. The Minister of Financial Services and Good Governance,
The Prime Minister of Mauritius, Pravind Kumar Jugnauth, met with the Secretary General of the Bid Committee for World Expo 2030 Busan, Korea, and Special Envoy of the President of the Republic of Korea, Sang Jick Yoon on 22 June 2023. The discussions primarily focused on the candidacy of Busan to host the World Expo
Prime Minister meets Special Envoy of Korean President Read More »
A training workshop on Targeted Financial Sanctions and Supervision was organized by the Ministry of Financial Services and Good Governance in collaboration with the UK’s Treasury, the National Sanction Secretariat, and the Inter-Agency Coordination Committee on 20 June 2023. The workshop aimed to enhance the effectiveness of the Anti-Money Laundering/Combatting the Financing of Terrorism (AML/CFT)
The Minister of State of the United Arab Emirates (UAE), Mr. Sheikh Shakhbout bin Nahyan Al Nahyan, paid a curtesy visit to the Prime Minister of Mauritius, Mr. Pravind Kumar Jugnauth, on 9 June 2023. The discussions focused on strengthening the existing bilateral relations between Mauritius and the UAE and exploring potential areas of cooperation.
UAE’s Minister of State Al Nahyan calls on the Prime Minister Read More »
The Financial Services Commission (“FSC”) of Mauritius has issued a communiqué on 08 June 2023 to remind all licensees and registered individuals to renew their annual licenses and pay the corresponding fees. Due to 01 July being a Saturday this year, the new due date for renewal is 3 July 2023. The specific fees to
Renewal of Annual Licences- 2023/2024 Read More »
Mauritius Finance held a post-budget 2023-24 panel discussion on 07 June 2023. The Minister of Financial Services and Good Governance, Mr Mahen Kumar Seeruttun, as a participant in the panel highlighted the significance of the financial services sector, which contributes 13.6% to the country’s GDP and employs over 15,000 people. The budget aims to provide
Mauritius Finance holds post-budget 2023-24 panel discussion Read More »
The Organisation for Economic Co-operation and Development (OECD) and the Financial Services Commission of Mauritius (FSC) have extended their collaborative capacity-building program to support financial market governance until December 2024. The program is delivered through the FSC’s Regional Centre of Excellence (RCE) in partnership with the Bank of Mauritius (BOM). In the previous years, the
During a reception held to commemorate Africa Day 2023 and the 60th anniversary of the African Union (AU), the Prime Minister of Mauritius expressed his appreciation for the AU’s chosen theme for 2023, which focuses on “The Year of the AfCFTA: Accelerating the Implementation of the African Continental Free Trade Area.” The Prime Minister highlighted
Commemoration of Africa Day 2023 and the 60th anniversary of the African Union (AU) Read More »
The esteemed Ambassador of Switzerland to Mauritius, Dr. Nicolas Brühl, recently conducted a gracious farewell visit to Minister Mahen Kumar Seeruttun on May 23, 2023. The meeting served as a valuable platform to deliberate on strengthening bilateral relations and fostering enhanced collaboration in key areas of mutual interest. Discussions between the Ambassador and Minister Seeruttun
Wakanda 4.0 hosted the second edition of the Cryptoverse Summit on May 17, 2023. This conference brought together over 47 speakers from 17 countries, predominantly esteemed professionals specializing in Blockchain technology, DeFi, Fintech, Metaverse, and Virtual Assets Service Providers. A speech was delivered by the Director of Financial services, Mr. Vinay Guddye focused on Mauritius’
The second edition of the Cryptoverse Summit 2023 Read More »
The Namibian Parliamentarians are currently in Mauritius to strengthen bilateral relations between the two countries and promote cooperation in various sectors. During their stay, the Namibian delegation met with Mauritian Ministers, including the Minister of Industrial Development, SMEs and Cooperatives, the Minister of Blue Economy, Marine Resources, Fisheries and Shipping and the Minister of Public Service,
Namibian Parliamentarians meet Mauritian Ministers Read More »
The Ministry of Finance, Economic Planning and Development of Mauritius and the United Kingdom’s Infrastructure and Project Authority (IPA) signed a Memorandum of Understanding (MoU) regarding technical assistance in project management and contract administration on the 17 May 2023. This MoU falls under the Strategic Trade Partnership Agreement which came into force in April 2023
The Economic Development Board (EDB) of Mauritius, in collaboration with the European Union (EU), has recently announced the launch of an Investment Guide aimed at promoting and facilitating investment opportunities in Mauritius. The guide, a comprehensive resource, provides valuable information and insights into various sectors of the Mauritian economy, highlighting the country’s attractive investment climate
At the invitation of Honourable Zhu Liying, Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to the Republic of Mauritius, our Managing Director, Mr. Assad Abdullatiff, partook in a presentation of Mauritius as an International Financial Centre at the seat of the Embassy of the People’s Republic of China on the 05th of
The Mauritius Revenue Authority (MRA) hosted the 13th ATAF Country Correspondent Conference from 11 -12 May 2023, bringing together tax administration experts from various African countries to discuss collaborative approaches to strengthen the efficiency of tax administrations in Africa and support socio-economic development. The Honourable Dr. Renganaden Padayachy, Minister of Finance, Economic Planning and Development,
MRA hosts the 13th ATAF Country Correspondent Conference Read More »
The Economic Development Board (EDB) of Mauritius has won the first place, as the best investment promotion agency, for the Southern African region during the 12th Annual Investment Meeting (AIM Global 2023), for Outstanding Contribution to Sustainable Development in recognition of its efforts towards promoting sustainable economic growth and attracting foreign investment to the country.
AIM Global 2023 – EDB Mauritius Wins Top Investment Promotion Agency Award Read More »
On 10 May 2023, Mr. Issa Soormally, Vice Chairman of the Economic Development Board of Mauritius, attended a High-Level Panel discussion in Abu Dhabi. The event was hosted by the Secretariat of the SADC Regional Focus Forum, centered on the topic of “Infrastructure Development in Support of Industrialization and Regional Integration.” The discussion primarily focused
We are proud to announce that Axis was part of the Mauritian delegation that participated in the 19th Annual AVCA Conference and VC Summit held in Cairo, Egypt on the 1st to 5th of May 2023. The conference is a significant event in the private capital industry, if not the most prominent event, focusing on
Mauritius-Egypt: Collaborating towards investment financing value chain Read More »
At the Japan-Mauritius Business Investment Forum organized by the Economic Development Board (EDB) on May 5th, 2023, Mauritius’ Prime Minister, Mr. Pravind Jugnauth, highlighted the strong relationship between Mauritius and Japan. He emphasized the long-standing friendship and partnership between the two countries and encouraged the Japanese business community to take advantage of Mauritius’ unique geographical
As we celebrate the 30th Anniversary of the Mauritius IFC, we are pleased to share with you the latest edition of Mauritius Finance Magazine, May 2023. This edition covers a range of insightful articles on investment opportunities in Africa, the impact of digitalization on the financial sector, and the latest updates on regulatory changes in
30 Years of the Mauritius IFC Read More »
The Government of Mauritius has signed a Strategic Trade Partnership (STP) with the United Kingdom on 18 April 2023 to enhance trade and investment between the two nations. This agreement will provide an opportunity for Mauritius to increase its export of goods and services to the UK and will also promote investment and economic growth
The Financial Services Commission of Mauritius (“FSC”) has released a communiqué on 11 April 2023 regarding its participation in the Global Financial Innovation Network’s (GFIN)’s first ever Greenwashing TechSprint, along with 13 other international regulators. GFIN is a group of over 80 international organizations, committed to supporting financial innovation in the interest of consumers. As
The recent Africa Wealth Report 2023 released by Henley & Partners describes Mauritius as “A millionaire magnet”, a top investment destination in Africa and a hub for business. The report highlights that Mauritius held a total investable wealth of USD 48 billion and the highest average wealth of USD 37,500 per person as at December
Henley & Partners Africa Wealth Report 2023 Read More »
The World Happiness Report is a landmark survey of global happiness, which is released annually by the United Nations Sustainable Development Solutions Network. We are delighted to share that Mauritius has been ranked as the happiest country in Africa and the 59th happiest country in the world out of 149 countries, in the World Happiness
Mauritius Happiest Country in Africa! Read More »
The Financial Services Commission, Mauritius (“FSC”) has released a communiqué on 23 March 2023 to inform the stakeholders of the financial services industry that Mauritius has improved its position in the Global Financial Centre Index (GFCI), by 11 places, reaching 81st in the ranking from 92nd. The 33rd edition of the GFCI was published on
Mauritius improves its position in the GFCI 33 Read More »
The Financial Services Commission of Mauritius (“FSC”) issued a communiqué on the updated Guidance Notes on Security Token Offerings and Security Token Trading Systems, on 15 March 2023. Paragraph 13 of the Guidance Notes on Security Token Offerings and Security Token Trading Systems has been amended to enable a Securities Trading System (“STS”), licensed under
A round table discussion with the topic “Beyond Disinformation” was conducted on 10 March 2023 in the office of the European Union (EU) in Port Louis. This round table discussion was organised with the goal of addressing dangers posed by foreign information manipulation and interference (FIMI), such as misinformation, as well as encouraging cyber-resilience and
EU initiative: Round table discussion focuses on the theme “Beyond Disinformation” Read More »
On 08 March 2023, the Executive Director of the International Trade Centre (ITC), Ms. Pamela Coke-Hamilton, met with the Prime Minister, Mr. Pravind Kumar Jugnauth to discuss on the ITC’s work to promote trade and economic development in Mauritius and the region. The ITC is the joint agency of the United Nations Conference on Trade
SheTrades Hub launched in Mauritius to empower women entrepreneurs Read More »
The Financial Services Commission of Mauritius (“FSC”) has released a Public Consultation – Securitisation Bill 2023 (the ‘Bill’) communiqué on 10 March 2023. The Bill was introduced in the National Budget 2021/2022 with an aim to provide a legal framework for securitisation activities in Mauritius, with the goal of promoting the development of the financial
Public Consultation- Securitisation Bill 2023 Read More »
Further to the first consultation conducted in February 2021, The Financial Services Commission of Mauritius (“FSC”) has released a communiqué on 8 March 2023 for a second consultation on the elaborated draft Financial Services (Fintech Service Provider) Rules (the “draft Rules”). It was also highlighted by the FSC that any comments, feedback and suggestions are
FSC issues draft “Fintech Service Provider” Rules for Consultation Read More »
A national event under the theme “Madam dan enn lemond dizital: inklizion, egalite, oportinite” was held on 5 March 2023, on the occasion of International Women’s Day 2023. The event was attended by the Prime Minister of Mauritius, Mr. Pravind Jugnauth and other eminent personalities. During his allocution, the Prime Minister acknowledged the remarkable progress
A networking conference under the theme “Building an ESG-centric ecosystem using technology”, was held on Thursday 23 February 2023, at the initiative of Mauritius Institute of Directors and Axiz Group. The conference discussed on how technology can be an enabler of sustainability, they highlighted the wider perspectives on the way business is carried out in
Networking conference focuses on technology as an enabler of sustainability Read More »
The Financial Services Commission, Mauritius (FSC) issued a notice on 17 February 2023, regarding the Invitation for Bids (IFB). The Government e-procurement system is being used by the FSC to invite bids from domestic and foreign bidders for “consultancy services for the restructuring of the reinsurance system”. The bidding document can be downloaded from the
The president of Mauritius, Mr. Prithvirajsing Roopun was a speaker at the World Government Summit 2023 in Dubai which was held in Madinat Jumeirah on Tuesday 14 February 2023. The World Government Summit brings together world leaders, global experts and decision-makers to share and contribute to the development of policies and models that are essential in shaping
The Financial Services Commission of Mauritius (FSC) has released a communiqué on 13 February 2023 informing the public of the issuing of a draft guidance note on Decentralised Autonomous Organisations (DAOs) (“draft Guidance Notes”) for public consultation. The DAOs are blockchain-based organisations whose activities and decision-making are co-ordinated by self-executing codes, also known as smart
