Mauritius is internationally recognized for its continuity of government and rule of law. Indeed, the island has enjoyed enduring political stability ever since independence in 1968 with a democratically elected government every 5 years. Moreover, the sound economic policy and good governance have made Mauritius the most business friendly destination in Africa.
Moreover, Mauritius has been recognized at international level:
World Economic Forum’s global competitiveness index ranked Mauritius at 55 out of 133 countries in 2010 - 2011, behind only South Africa in the African region.
Canadian Fraser Institute also ranked Mauritius 1st in Africa and 9th worldwide on its chart of economic freedom.
To facilitate business and commercial activities, Mauritius has a well-developed infrastructural network comprising of:
An extensive and well maintained road infrastructure,
A modern and efficient port capable of berthing vessels up to 100 metres,
Direct air connections with several cities around the world
High bandwidth fiber cable connectivity and,
A reliable fixed and mobile telephone network.
E. Performance of the Economy – (Dec 2011)
Beyond its marvelous sun, sea and sand, Mauritius has developed solid economic fundamentals throughout the years.
Indeed , Mauritius has diversified from its “three-pillars” economy – sugar, tourism, textiles- of the early 1990’s into a modern and strong economy revolving around the following key contributors of the GDP, namely: agriculture, manufacturing, construction, financial sector, ICT, hotels and real estate.
The resilience of the Mauritian economy has been increasingly tested throughout the times. Yet despite the current world economic turmoil, the country has survived with an economic growth of 4.1% in 2011. Inflation was at 6.5%, while unemployment rate was averaged at 7.8% in 2011.
Our economic leaders have forecasted another year of positive growth, though at a slower rate. The Government has, in its National Budget 2012, announced key measures on the one hand to shield the major pillars of the economy against the international economic challenges while on the other, boost confidence and investment in the country.