The Mauritius Africa Fund has been set up as a public company limited by shares and will encourage domestic enterprises to invest in Africa. The Government has committed to a maximum of MUR 500 million in the Fund spanned over a period of five years. It also participates as an equity partner up to 10% of the seed capital invested by the Mauritian investors in projects targeted towards Africa. With such government support, this initiative undoubtedly gives further visibility and comfort to African entities on the credibility and viability of the projects presented to them by Mauritian companies.
Furthermore, the Mauritian Africa Fund are encouraging development partners and institutional investors to co-participate in the Fund.
The objectives of the Fund are as follows:
- to establish a clear strategy for promoting Mauritian investments into Africa;
- to steer the development of integrated projects, including Special Economic Zones, Technology Parks, Logistics Parks, Agro-industrial Parks, Seafood, etc. in selected African countries;
- to assist in developing joint ventures / partnership agreements between African and Mauritian businesses; and
- to do all such other things as are incidental or conducive to the attainment of the above objects.
Board of Investment
The Board of Investment (BOI) is the national investment promotion agency of the Government of Mauritius with the mandate to promote and facilitate investment in the country. It is the first point of contact for investors exploring business opportunities in Mauritius and the region. BOI also assists investors in the growth, nurturing and diversification of their business.
With a view to facilitating the implementation of investment projects and, more importantly, to continuously improve the investment and business climate, BOI works in close collaboration with Government bodies, institutions and private sector companies.
BOI also has an important role of policy advocacy to continuously improve the competitiveness of Mauritius.
Regional Development Company
The Regional Development Company is an entity created in 2009, with its main shareholder being the Government of Mauritius.
Regional Multidisciplinary Centre of Excellence
Established in 2011, the Regional Multidisciplinary Center of Excellence (RMCE) is an expertise hub for policy development, training and advisory activities and a forum for dialogue with headquarters in Mauritius. RMCE has been set up to serve the Common Market for Eastern and Southern Africa, East African Community, Indian Ocean Commission, Inter-Governmental Authority for Development and Southern African Development Community regional development initiatives.
As such, it is intended to improve Member States’ professional capacity for addressing issues of Regional Economic Integration in core areas such as common macroeconomic policy, trade, finance, business development, investment, and sector strategy. It will over time incorporate a range of services – starting with training and following on as its role develops with policy development, and expertise/advisory services. Specific activities will include peer to peer learning, conference/seminar programs and probably distance training.
The Mauritius Chambers of Commerce and Industry
Established since 1850, the Mauritius Chambers of Commerce and Industry (MCCI) is the oldest non-profir making institution representing the private sector in Mauritius.
Since its launching, the MCCI (MCCI) has evolved from a purely representative and consultative body to a dynamic actor in the socio-economic development of the country. Throughout its years of existence, it has constantly striven to carry out its fundamental mission of defending and promoting the vital interests of its Members. It has also set up and developed the organisational structures capable of providing a wide range of highly professional services.
Furthermore, as the main voice of the Mauritian business community, it has always maintained close links with Government and increasingly contributed to the development process of the country. And just as importantly, it has set up links and affiliations at international level with inter-governmental and private organisations aimed at widening its scope of activities and better promoting Mauritius on the world scene.
As for discussions relating to the development of commercial and industrial activities, the MCCI is regularly solicited and makes submissions directly to representatives of the Government ministries and departments concerned.
The Ministry of Foreign Affairs, Regional Integration and International Trade
The Ministry of Foreign Affairs, Regional Integration and International Trade aims at achieving the following objectives:
– promoting, safeguarding and defending the national interest of Mauritius
– contributing towards the building of a secure, equitable and democratic international community
– fostering economic growth through the expansion of trade and to fully integrating Mauritius into the global economy
– working towards sustainable development through the deepening and acceleration of regional integration
– providing consular services and assistance to the Mauritius diaspora and National abroad
– developing a modern, effective and excellence-driven Ministry of Foreign Affairs, Regional integration and International Trade
Africa Centre of Excellence
The Africa Centre of Excellence was launched in October 2012 with a view to identify and facilitate investment from Mauritius into Africa.
One of its principal mandates is to act as a repository of business information for investors looking at Africa as their target market. In this essence, ACE disseminates information on investment opportunities in different sectors in Africa, provides regular updates on a range of tenders and ongoing projects as well as real-time business insights on selected countries on the continent. Furthermore, ACE also smoothens the flow of information on business opportunities in Africa by strengthening its network of partners across the continent, which include African Investment Promotion Agencies, Chambers of Commerce and Business Associations among others.
ACE also aims at enhancing the visibility of Mauritius as the preferred services platform for businessmen and service providers seeking to do business in Africa. It therefore extends its reach to investors by conducting promotional events, accompanying them in Africa and facilitating their investment process in their targeted countries