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Economy of Mauritius and business opportunities

Economy of Mauritius

Since independence in 1968, Mauritius has developed from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. For most of the period, annual growth has been in the order of 5% to 6%. This compares very favourably with other sub-Saharan African countries and is largely due to sustained progress in economic conditions; between 1977 and 2008, growth averaged 4.6% compared with a 2.9% average in sub-Saharan Africa. Also important is that it has achieved what few fast growing economies achieve, a more equitable income distribution and inequality (as measured by the Gini coefficient) fell from 45.7 to 38.9 between 1980 and 2006. This remarkable achievement has been reflected in increased life expectancy, lowered infant mortality, and a much-improved infrastructure. Sugarcane is grown on about 90% of the cultivated land area and accounts for 25% of export earnings. The government's development strategy centers on expanding local financial institutions and building a domestic information telecommunications industry. Mauritius has attracted more than 9,000 offshore entities, many aimed at commerce in India and South Africa, and investment in the banking sector alone has reached over $1 billion. Mauritius, with its strong textile sector, has been well poised to take advantage of the Africa Growth and Opportunity Act (AGOA).

Mauritius has attracted US$10.98 billion in Foreign direct investment inflows. Top sectors attracting FDI inflows from Mauritius (from January 2000 to December, 2005) are electrical equipment, telecommunications, fuels, cement and gypsum products and services sector (financial and non-financial).

With a well-developed legal and commercial infrastructure and a tradition of entrepreneurship and representative government, Mauritius is one of the developing world's most successful democracies. The economy has shown a considerable degree of resilience, and an environment already conducive to dynamic entrepreneurial activity has moved further toward economic freedom. The island's institutional advantages are noticeable. A transparent and well-defined investment code and legal system have made the foreign investment climate in Mauritius one of the best in the region. The economy is increasingly diversified, with significant private-sector activity in sugar, tourism, economic processing zones, and financial services, particularly in offshore enterprises. The government is trying to modernize the sugar and textile industries, which in the past were overly dependent on trade preferences, while promoting diversification into such areas as information and communications technology, financial and business services, seafood processing and exports, and free trade zones. Agriculture and industry have become less important to the economy, and services, especially tourism, accounted for over 72 percent of GDP. The government still owns utilities and controls imports of rice, flour, petroleum products, and cement.

Financial Services

Mauritius provides an environment for banks, insurance and reinsurance companies, captive insurance managers, trading companies, ship owners or managers, fund managers and professionals to conduct their international business. The economic success achieved in the 1980s engendered the rapid growth of the financial services sector in Mauritius.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Mauritius"

Global Tenders has one of the largest database of international and national tenders/competitive bids, procurement news, project information, contract awards, related to Mauritius from all over the world..

This section contains economy and business opportunities and from Mauritius.
Mauritius Economy Mauritian Economy, business opportunities in Mauritius.
Summary:
Consultancy Services to act as Independent Engineer in the Implementation of a 15MWac Photovoltaic Farm
Country:
Mauritius
 
Notice Type:
Tender Notice
Deadline:
22 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Disposal of Hanjung make Three Nos. Ship to Shore (STS) Cranes
Country:
Mauritius
 
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
TRAINING OF JOURNALISTS IN CRISIS-SENSITIVE JOURNALISTIC COVERAGE – UNION OF THE COMOROS – JUNE 17 TO 21, 2024
Country:
Mauritius
 
Notice Type:
Tender Notice
Deadline:
14 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Running of UoM Main Cafeteria at Ground Floor, Students’ Centre
Country:
Mauritius
 
Notice Type:
Tender Notice
Deadline:
17 May 2024
Posting Date:
24 Apr 2024
 
 
 
Summary:
Provision of Middle management
Country:
Mauritius
 
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
20 Apr 2024
 
 
 
Summary:
RECRUITMENT OF AN ADMINISTRATIVE AND LOGISTICS MANAGEMENT MANAGER
Country:
Mauritius
 
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
20 Apr 2024
 
 
 
Summary:
Procurement of Security Services for the Cargo Handling Corporation Limited
Country:
Mauritius
 
Notice Type:
Tender Notice
Deadline:
20 May 2024
Posting Date:
19 Apr 2024
 
 
 
Summary:
Street Cleaning, Refuse Collection And Disposal Including Carting Away Of Post Cyclonic Waste For The Villages Of Mahebourg, Beau Vallon, Ville Noire, Residence La Chaux And Blue Bay, For A Period Of Three Months
Country:
Mauritius
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Supply of White Oil
Country:
Mauritius
 
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
18 Apr 2024
 
 
 
Summary:
Supply of Shirts, Fabric, Metallic Button and Shoulder Badges for Police Officers
Country:
Mauritius
 
Notice Type:
Tender Notice
Deadline:
14 May 2024
Posting Date:
17 Apr 2024
 
 
 

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