There is something about island life that re-wires the brain in all the right ways. With Mauritius it’s even more so; with the laid back friendly vibe and the relaxed pace comes jaw dropping beauty around every corner and coastal cove. Little wonder it attracts more than 1.3 million tourists a year – more than its own population.
But there’s now also something else that buzzes in the Mauritian air, a crackling of business on the move, the excitement of a small country punching way above its global weight.
At a score of 63.7 points on the Global Competitiveness Index, Mauritius is now ranked as the most competitive country in Africa. While countries like Nigeria and Angola have grabbed the headlines over the years with their stories of growth, Mauritius has been putting into place the building blocks of a modern service sector- based economy. They have very successfully managed to diversify an agri-based economy to become world class in tourism and financial services- and with a strong manufacturing capability. Sugar cane export has now been replaced with a reputation for being Africa’s financial hub.
It’s 20th place globally in the ranking of Ease of Doing Business has been key to it attracting offshore investment. Good governance and a stable economic and political climate have also been major contributing factors in the country’s steady climb to international competitiveness. It’s been called the Dubai of Africa and for good reason. Its financial service sector is growing at double digits and the government is significantly stepping up its efforts to incentivise start- ups. This beautiful island in the Indian Ocean is fast becoming a haven for business too.
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