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Meet29 January 2019
Press
Review of 2018 & Roadmap 2019
Insights from EDB domain-experts on key sectors
Speakers :
Introduction by François Guibert
Trend Analytics by Sachin Mohabeer & Faraz Rojid
Prospects by François Guibert
AGENDA1
2
3
4
5
6
2018 Highlights
Key figures and trend analytics
2019 Objectives
Strategy & Tactics
EDB Today
Q & A
EDB Today
“ One Strong
Team Under
One Roof ”
100
Projects
Implemented
42
Manufacturing
Projects at
Riche Terre
Business and
Industrial Park
4
Strategic
Development
areas:
1. Riche Terre
2. Rose Belle
3. Cote d’Or
4. Palmar
20th
World Bank
Doing
Business
2019 (25th in 2018)
14.9 (est.)
Rs Billion
Foreign
Direct
Investment
(FDI)
inflows
2018 Highlights
196Rs Billion
Total
Export of
goods and
services
2018 Sachin Mohabeer
ACHIEVEMENTS & RESULTS
Understanding Foreign Direct Investment (FDI)
Re-invested Earnings
Machinery and
Equipment
DirectInvestment
Mergers & Acquisitions
Errors & Omissions
01
02
0304
05
FDIRs 10.9 bn
Rs 4.0 bn
Rs 14.9 bn(2018)
FALS – Foreign Assets and Liabilities Survey
FALS – Foreign Assets and Liabilities Survey
Understanding Foreign Direct Investment (FDI)
Re-invested Earnings
Machinery and
Equipment
DirectInvestment
Mergers & Acquisitions
Errors & Omissions
01
02
0304
05
FDIRs 10.9 bn
Rs 4.0 bn
Rs 4.0 bn
Rs 1.0 bn
Rs 19.9 bn(2018)
FDI inclusive of
Re-invested earnings12,894 20,373 13,766 18,497 13,726 18,161 20,991 19,900
2011 2012 2013 2014 2015 2016 2017* 2018*
Rs 16.4 billion Rs 18.2 billion
FDI Inflows
12,894 20,373 13,766 18,497 13,726 18,161 20,991 19,900
3,438 7,704 4,254 4,346 4,049 4,513 3,500 5,000Re-invested earnings 3,438 7,704 4,254 4,346 4,049 4,513 3,500 5,000
Rs million
* estimates
FDI excluding
Re-invested earnings9,456 12,669 9,512 14,151 9,677 13,648 17,491 14,900
Rs 11.4 billion Rs 13.9 billion
9,456 12,669 9,512 14,151 9,677 13,648 17,491 14,900
Exceptional Items
Tourism – sale of hotels
Financial Services –M&A and bank capitalisation
5,986
5,512 2,269 6,586 4,019
9,456 7,157 9,512 8,165 9,677 11,379 10,905 10,981FDI excluding Re-
invested earnings &
Exceptional itemsRs 8.6 billion Rs 10.7 billion
9,456 8,165 9,677 10,9057,157 9,512 11,379 10,981
Average
Average
Average
Agro-industry, 1.0%
Manufacturing, 5.4%
Energy, 1.7%
Infrastructure, 7.0%
Wholesale and retail trade, 3.4%
Logistics, 0.5%
Information and communication,
1.6%Financial and insurance activities ,
19.2%
Hospitality, 10.6%
Real estate activities, 47.0%
Education & Arts, 0.3%
Healthcare, 1.4%
Other service activities, 0.8%
FDIBy Sectors
2011-2018*
3%
20%
56%
19%
2%
FDI Sources 2011-2018
64.3 billion13.3 % of GDP
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
2007 2008 2009 2010 2011 2012 2 0 1 3 2014 2015 2016 2017 2018
Real Growth
over 2017
(Rs 60.6 bn)
Share in
Total
Investment
Private Sector Investment (Incl. FDI)
+ 3.1 % 74 %
2018
Private sector investment
Total Investment
73,5
86
79,6
58
88,0
48
94,7
76
93,2
90
84,4
56
81,3
17
82,0
00
8,2
26
8,1
35
9,4
80
7,7
17
7,6
56
8,2
53
8,5
38
4,5
00
65,3
60
71,5
23
78
,56
8
87,0
59
85,6
34
76,2
03
72,7
79
77,5
00
98,9
78
108
,03
0
92,2
57
105
,42
2
102
,89
4
107
,92
9
113
,40
9
114
,07
7
172
,56
4
187,6
88
180
,30
5 200
,19
8
196
,18
4
192
,38
5
194
,72
6
196,0
77
2011 2012 2013 2014 2015 2016 2017 2018
Exports of Goods and Services Export of goods Sugar Export without Sugar Export of services Total Export of Goods and Services
Rs
mill
ions
2018 Export Performance
Export of goods (with Sugar) increased by 1% (Rs 0.7 bn) v/s 2017
Export of goods (without sugar) increased by 6% (Rs 4.7 bn) v/s 2017
Export of services increased by 1% (Rs 0.67 bn) v/s 2017
Increase in export value:
Ship stores and bunkering
Apparel
Jewelry
Total Export of Goods and Services increased by Rs 1.4 bn
Pipeline of Investment Projectswhich will materialise over the period 2019-2022
Rs 6.6 billion Rs 3.8 billion
Rs 13.3 billion
Rs 2.2 billion
Rs 2.4 billion
Rs 2.1 billion
Rs 3.8 billion Rs 18 billion
Rs 12 billion
Agro Industry Healthcare
Hospitality
Logistics
Manufacturing
Real Estate Renewable Energy
Ocean EconomySmart Cities
Faraz Roj id
Financial Services
Banking & Insurance
Crossborderinvestment & services
Support & Professional
services
Listing & Capital Raising
• 184 Management Companies
• 11,000 GBCs
• 983 Global Funds (with assets
under management of > MUR
2,911 bn)
• Stock Exchange
of Mauritius
• New exchanges
• 5 International law
firms
• 2 Leading Arbitration
Centres
• Accountancy Firms
Snapshot
MUR 411 bn
in Market capitalisation;
182 Listings
• 21 banks
• 1 Private Bank
• Insurance &
Re-Insurance
• Captives
Rs 11.9 bn
Total Tax Revenue
Generated (Accounting for
14% of total MRA revenue)
Financial Services: 3rd
Highest Growth Rate
projected
[+ 5.4%]
13,500
Jobs in the Financial Sector
> MUR 800 mn
Licence fees paid
(Year 2018)
Adherence to Inclusive
Framework
Tackle BEPS and treaty abuses
Enhanced Substance Requirements
Employment and operating
expenditures
Repeal of DFTC
Elimination of harmful tax
practices
Implementation of
AML/CFT measures
Changes to Global
Business Regime
Abolish GBC2,
eliminate ringfencing
issues
Recent Reforms
OECD White-Listed
No harmful practices
USD 16 billionNIGERIA
USD 7 billionKENYA
COTE D’IVOIRE
USD 4 billion
USD 3 billionTANZANIA
USD 2 billionGHANA
Prosperous Hub for Mainland Africa
40 % of USD 29 bn total investment outflows to
Africa directed to Non-treaty African countries
Non DTAAs (2012-2017)
11 USD Bn
18 USD Bn
Investment Flows to Non-treaty countries
Investment Flows to treaty countries
Mauritius/Africa Investment Flows
(Year 2018)
Strategy:Visibility
Image Building
Attracting Power
Houses
Image building
and enhanced
brand visibility
Policy Advocacy
Sponsorship to 10 key
financial services
conferences
International
Law Firms
Wealth
Management
Fintech
Investment Banks
Regional Headquarters
EDB’s Actions in
Financial Services
François Guiber t
2019 Outlook
2019 Objectives
IndicatorsAverage
2011 -20172018 2019
% increase
2019 v/s 2018
FDI without reinvested
earnings (Rs billion)12.4 14.9 19.9 34 %
Private Sector
Investment
(Rs billion)
57.4 64 70 9 %
Export of Goods
(without sugar)
Rs billion
76.7 77.6 82 6 %
Export of Services
Rs billion107 114 118 4 %
World Bank Doing
Business Rank20 < 20
EDB Strategy
Accelerate
Established sectors
Sugar Cane
Textile
Fishing
Hospitality
Real Estate
Financial Hub
Diversify investments in High Growth Sectors
Innovate
Through hi-tech field
Accelerate Diversify InnovateExecute
Deploy
Medical
Pharmaceutical
Energy
Transport
Biotechnology
Fintech
Artificial Intelligence
Research and Intelligence
Regional Headquarters for
Africa
EDB overseas offices
EDB economic counsellors
EDB New Overseas Office
Tactics
1 - Reinforce our Global Presence in key markets
• Economic Counsellors support
• New office in China
2 - More accountability & evaluation of performance
• Reporting through CRM
• KPIs
3 - Increase participation in conferences & trade fairs
4 - Diversify our investment & trade base
(Japan, ASEAN through Singapore & Australia)
Increase participation in
conferences & trade fairs
Africa CEO Forum 2019, Rwanda
Committed to unlocking Africa’s economic potential by championing
private sector-led growth, leading discussions around innovative public
policies and sustainable business.
Annual Investment Meeting, Dubai
Aims at promoting Foreign Direct Investment (FDI) and effective ways
to attract investors to various economies
AFSIC, London
Focus on the three key constituents within Africa’s investment universe:• African businesses open for investment
• Investors looking for investment opportunities
• Dealmakers wishing to intermediate the investment process.
Tokyo International Conference of African Development (TICAD), Japan
25th – 26th March 2019
8th - 10th April 2019
8th - 10th May 2019
28th – 30th Aug 2019,
• To sustain the growing momentum in exchanges between Africa and Japan.
• To foster international partnerships for African development
2019
15 10 5 120th
Interministerial Committee chaired by PM
• Drive major reform initiatives (Doing Business, BPR, RIA and
Regulatory Review)
• E-Licensing – Automation of all Construction Related Permits and
Start of Phase 2
Ranking
Business Facilitation
Building, Consolidating &
Promoting the image &
visibility of Mauritius
Setting up of a Steering
Committee on Country
Branding – November
2018
To craft a vibrant,
compelling and forward-
looking brand for Mauritius
Launching of an
Expression of Interest
– February 2019
Country Branding
Outlook 2019 – Major Challenges
29
Global Projections by World Bank’s Global Economic Prospects (January 2019):
o “Darkening Skies”
o Global growth expected to slow to 2.9%
o Trade tensions elevated
o Growth in emerging markets projected to stall
Growth Forecasts – World Bank’s Global Economic Prospects (January 2019):
Region/Country 2019 Growth Forecasts
USA Slow Down to 2.5%
Euro Area Further decelerate to 1.6%
Japan Up from 0.8% to 0.9%
China Decelerate to 6.2%
India Up by 7.5%
East Asia and Pacific Moderate from 6.3 to 6%
Latin America & Caribbean 1.7%
MENA Up to 1.9%
Sub-Saharan Africa Up to 3.4%
Note:
Ivory Coast 7.3%
Ghana 7.3%
Kenya 5.8%
Madagascar 5.4%
Senegal 6.6%
www.edbmauritius.org
Thank you
Mauritius High Commission
EP-41 Jesus & Mary Marg
Chanakyapuri
New Delhi 110021
India
Tel: +91 11 241 02 161
Ambassade de la République de Maurice
127 rue de Tocqueville
75017 Paris
France
Tel: +33 (0)1.42.27.30.19
10th Floor,
One Cathedral Square Building
16, Jules Koenig Street
Port Louis 11328
Republic of Mauritius
Tel: +230 203 3800
Number 52, Regus Business Centre,
West Tower, 2nd Floor,
Nelson Mandela Square,
Maude St., Sandown,
Johannesburg, 2146
South Africa
Tel: +27780860072
Head Office France India South Africa