Mauritius’ unwavering commitment to fostering collaboration and sustainable growth across the African continent

Through the AFCFTA, Mauritius can attract foreign direct investment (FDI) from other African countries seeking to establish their presence in the region. The removal of tariffs will lower barriers to entry and encourage cross-border investments, leading to increased job creation and economic prosperity.

Furthermore, AFCFTA provides an opportunity for Mauritius to diversify its export portfolio by accessing new markets within Africa. By leveraging its existing expertise in sectors such as financial services, manufacturing, and tourism, Mauritius can position itself as a hub for intra-African trade.

The implementation of AFCFTA presents significant investment and trade benefits for Mauritius. By embracing this regional trade agreement and capitalizing on its provisions, Mauritius can strengthen its position as a key player in Africa's economic landscape while fostering mutually beneficial partnerships with other African nations.

Read more on the AFCFTA - https://au-afcfta.org/

In this regard, The Economic Development Board Mauritius in collaboration with the Ministry of Finance, Economic Planning & Development hosted the Africa Partnership Conference (APC) on the 2nd and 3rd of October 2023.

Under the theme “Unity in Partnership: Enabling Sustainable & Inclusive Investment”, the conference aimed at fostering a conducive investment climate, catalyzing cross-border collaboration and promoting harmonious interactions among a diverse array of stakeholders. This theme not only underscored the importance of strategic partnerships but also highlighted the role played by Mauritius in propelling Africa towards a future characterized by sustainable growth, innovation, and shared prosperity.

Designed with the vision of nurturing collaboration and encouraging insightful dialogues on key aspects that define Africa’s growth trajectory, the APC aimed at positioning Mauritius at the forefront of investment and trade hubs within the African region.

The two-day conference was packed with mastermind keynotes, special addresses and panel discussions. These sessions delved into crucial themes such as Intra-Africa Trade, Infrastructure, Trade Financing, AfCFTA, ESG, and Fintech, to name a few. Attendees have gained insights into emerging investment and business opportunities in African markets, networked with global leaders, fostered collaboration among Investment Promotion Agencies, and worked towards optimizing Africa’s growth potential.

The APC’s opening ceremony concluded with the signing of key memoranda of understanding (MoUs), underlining the commitment to fostering partnerships and collaboration for sustainable and inclusive growth. The event’s themes and messages had set a inspiring tone for the conference, which promised to be a platform for dialogue, cooperation, and action towards a brighter future for Africa.

In his address Mr Wamkele Mene, representing the African Continental Free Trade Area (AfCFTA), discussed the potential of AfCFTA in driving sustainable and inclusive investments in Africa. He highlighted the importance of investment facilitation, dispute resolution mechanisms, and policies to attract foreign direct investment. Mr Mene emphasized the need for attractive investment climates at national, regional, and continental levels.

Mauritius' strategic engagement in the African Continental Free Trade Area (AfCFTA) demonstrates our unwavering dedication to regional economic integration and highlights our ambition to actively contribute to the growth of the African economy. By leveraging our unique position and resources, we aim to foster stronger trade relationships, unlock new opportunities, and position Mauritius as a key player in the AfCFTA.

#edbmauritius #EconomicDevelopment #economicgrowth #investmentstrategies #investmentopportunities #africabusiness #africa #TradeAgreements #Agreement #FDI #apcmauritius