Creating 100,000 new jobs within the coming five years in 10 sectors of the economy through major investment projects to the tune of Rs183 billion and achieving an average growth rate of 5.5 per cent annually as from 2017.
Mauritius and Zambia signed an Investment Promotion and Protection Agreement (IPPA) on the 14th July 2015 in Port Louis. The new IPPA will further reinforce and deepen economic cooperation between the two countries.
The signatories were the Minister of Finance and Economic Development of Mauritius and the Minister of Commerce, Trade and Industry of Zambia.
Three Memoranda of Understanding (MOU)/Agreements on bilateral cooperation between Mauritius and Ghana in various fields were exchanged on the 24th August 2015 at New Treasury Building, in Port Louis. The documents concluded pertain to the following: mutual visa exemption, standardisation and conformity assessment and tertiary education.
The rising continent of Africa as a whole will continue to see resilient economic growth and development in 2012.
As many African countries take bold steps to break the cycle of corruption and poverty by moving towards political stability and economic openness, this will result in economic and social advancement as well as an unprecedented inflow of foreign direct investment (FDI).
Mauritius and Botswana havesigned a Double Taxation Avoidance Agreement (DTAA), renewing a convention the two countries have had since 1995 on the 15th August 2015.
Speaking at the ceremony, the Minister of Finance and Development Planning of Botswana said the DTAA had to be amended to make it compliant with international standards on transparency and exchange of information for tax purposes.
The new TRC application process will ensure smooth submission of TRC applications, processing, recommendations and notifications. The details are as follows:
All applications for TRC by Category 1 Global Business Companies (“Applicants”) will continue to be made through the FSC for onward recommendation to the Mauritius Revenue Authority (“MRA”)
Only six countries in Sub-Saharan Africa are in the top half of the recently released Global Opportunity Index 2015, of which Mauritius is the highest ranked.
The Index, a biennial release by the Milken Institute, shows that the island economy is one of the most open to foreign investment, with the highest Ease of Doing Business score on the continent. Since 2013, Mauritius’ composite score has increased 3.5%, due to improvement in Economic Fundamentals, Rule of Law, and, primarily, Ease of Doing Business.