Press

Meet
29 January 2019
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

AGENDA
1 EDB Today

2 2018 Highlights

3 Key figures and trend analytics

4 2019 Objectives

5 Strategy & Tactics

6 Q&A
 EDB Today

“ One Strong
Team Under
One Roof ”
 2018 Highlights

4 14.9 196
42 20 th
(est.) Rs Billion
100 Rs Billion
Strategic
Development
Manufacturing areas: World Bank Foreign Total
Projects at Doing Export of
Riche Terre 1. Riche Terre Business
Direct
Projects goods and
Implemented
Business and 2. Rose Belle 2019 Investment
Industrial Park 3. Cote d’Or (25th in 2018) (FDI) services
4. Palmar
inflows
ACHIEVEMENTS & RESULTS

2018 Sachin Moha beer

Understanding Foreign Direct Investment (FDI)

01
FDI Direct Rs 10.9 bn
Investment

05 02 Rs 14.9 bn
(2018)
Errors & Mergers &
Omissions Acquisitions
Rs 4.0 bn

Machinery Re-invested
and Earnings
04 Equipment 03
FALS – Foreign Assets and Liabilities Survey
 Understanding Foreign Direct Investment (FDI)

01
FDI Direct Rs 10.9 bn
Investment

05 02 Rs 19.9 bn
Errors & Mergers &
(2018)
Omissions Acquisitions
Rs 4.0 bn
Rs 1.0 bn
Machinery Re-invested
and Earnings
04 Equipment 03
Rs 4.0 bn FALS – Foreign Assets and Liabilities Survey
 FDI Inflows Rs million
* estimates

2011 2012 2013 2014 2015 2016 2017* 2018*

FDI inclusive of
12,894 20,373 13,766 18,497 13,726 18,161 20,991 19,900
Re-invested earnings
Average Rs 16.4 billion Rs 18.2 billion

Re-invested earnings 3,438 7,704 4,254 4,346 4,049 4,513 3,500 5,000

FDI excluding
9,456 12,669 9,512 14,151 9,677 13,648 17,491 14,900
Re-invested earnings
Average Rs 11.4 billion Rs 13.9 billion
Exceptional Items
Tourism – sale of hotels 5,986

Financial Services – 5,512 2,269 6,586 4,019

M&A and bank capitalisation

FDI excluding Re-

invested earnings & 9,456 7,157 9,512 8,165 9,677 11,379 10,905 10,981
Exceptional items
Average Rs 8.6 billion Rs 10.7 billion
 Other service
Education & Arts, activities, 0.8% Agro-industry, 1.0%
0.3%
Manufacturing, 5.4%
Healthcare, 1.4%
Energy, 1.7%
Infrastructure, 7.0%

FDI Wholesale and retail

trade, 3.4%

By Sectors Logistics, 0.5%

Information and
communication,
Real estate activities,
2011-2018*
Financial and 1.6%
47.0% insurance activities ,
19.2%

Hospitality,
10.6%
 FDI Sources
2011-2018

56%
3%

19%

20%
2%
Private Sector Investment (Incl. FDI) 2018
64.3 billion + 3.1 % 74 %
13.3 % of GDP Real Growth Share in
over 2017 Total
(Rs 60.6 bn) Investment

100,000
90,000
Total Investment
80,000
70,000
60,000
50,000
Private sector investment
40,000
30,000
20,000
10,000
-
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
 73,586
8,226
65,360

2 0 11
98,978
172,564
Export of goods

79,658
8,135
71,523

2012
108,030
Sugar

187,688

88,048
9,480
78,568

2013
92,257
180,305

94,776
7,717
87,059

2014
105,422
Export without Sugar

200,198

93,290
7,656
85,634
2015

102,894
196,184

84,456
Export of services

8,253
76,203
2016

107,929
192,385

81,317
Exports of Goods and Services

8,538
72,779
2017

113,409
194,726

82,000
4,500
77,500
2018

114,077
196,077

Rs millions
Total Export of Goods and Services
 2018 Export Performance
Total Export of Goods and Services increased by Rs 1.4 bn

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
 Pipeline of Investment Projects
which will materialise over the period 2019-2022

Rs 6.6 billion Rs 3.8 billion Rs 2.4 billion

Agro Industry Healthcare Manufacturing

Rs 18 billion Rs 13.3 billion Rs 3.8 billion

Real Estate Hospitality Renewable Energy

Rs 2.2 billion Rs 2.1 billion

Rs 12 billion
Logistics Ocean Economy
Smart Cities
Financial Services

Far az Rojid
 Snapshot
13,500
Jobs in the Financial Sector

Rs 11.9 bn
• 184 Management Companies
• 21 banks Total Tax Revenue
• 11,000 GBCs
• 1 Private Bank Generated (Accounting for
• 983 Global Funds (with assets
• Insurance & Crossborder 14% of total MRA revenue)
Banking & under management of > MUR
Re-Insurance investment 2,911 bn)
• Captives Insurance
& services MUR 411 bn
in Market capitalisation;
182 Listings

Listing & Support &

Capital Professional • 5 International law
firms > MUR 800 mn
• Stock Exchange Raising services
• 2 Leading Arbitration Licence fees paid
of Mauritius
Centres (Year 2018)
• New exchanges
• Accountancy Firms

Financial Services: 3rd

Highest Growth Rate
projected
[+ 5.4%]
 Recent Reforms

Adherence to Inclusive Enhanced Substance Requirements Implementation of

Framework AML/CFT measures
Employment and operating
Tackle BEPS and treaty abuses expenditures

Repeal of DFTC Changes to Global OECD White-Listed

Business Regime
Elimination of harmful tax No harmful practices
practices Abolish GBC2,
eliminate ringfencing
issues
 Prosperous Hub for Mainland Africa
Non DTAAs (2012-2017)

Mauritius/Africa Investment Flows

(Year 2018) USD 4 billion
COTE D’IVOIRE

18 USD Bn
11 USD Bn USD 7 billion
KENYA

USD 16 billion
NIGERIA

Investment Flows to Non-treaty countries

USD 3 billion
Investment Flows to treaty countries TANZANIA

USD 2 billion
40 % of USD 29 bn total investment outflows to GHANA
Africa directed to Non-treaty African countries
 Image building
and enhanced
brand visibility
Regional
Headquarters
Investment Banks

EDB’s Actions Strategy:

Visibility
Sponsorship to
10 key

in Fintech Image Building

Attracting Power
financial
services
conferences

Financial Services Houses

Wealth Policy Advocacy

Management
International
Law Firms
2019 Outlook

Fr ançois Guiber t
 2019 Objectives
Average % increase
Indicators 2018 2019
2011 -2017 2019 v/s 2018

FDI without reinvested

12.4 14.9 19.9 34 %
earnings (Rs billion)
Private Sector
Investment 57.4 64 70 9%
(Rs billion)
Export of Goods
(without sugar) 76.7 77.6 82 6%
Rs billion
Export of Services
107 114 118 4%
Rs billion
World Bank Doing
20 < 20
Business Rank
EDB Strategy

Accelerate Diversify Innovate

Execute
Accelerate Diversify investments in Innovate Deploy
Established sectors High Growth Sectors Through hi-tech field
Sugar Cane Medical Biotechnology
Textile Pharmaceutical Fintech
Fishing Energy Artificial Intelligence
Hospitality Research and Intelligence
Transport
Real Estate
Regional Headquarters for
Financial Hub
Africa
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 EDB overseas offices

EDB economic counsellors
4 - Diversify our investment & trade base
(Japan, ASEAN through Singapore & Australia) EDB New Overseas Office
2019
25th – 26th March 2019
Africa CEO Forum 2019, Rwanda
Increase participation in
conferences & trade fairs
Committed to unlocking Africa’s economic potential by championing
private sector-led growth, leading discussions around innovative public
policies and sustainable business.
8th - 10th April 2019
Annual Investment Meeting, Dubai
Aims at promoting Foreign Direct Investment (FDI) and effective ways
to attract investors to various economies
8th - 10th May 2019
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.

28th – 30th Aug 2019,

Tokyo International Conference of African Development (TICAD), Japan
• To sustain the growing momentum in exchanges between Africa and Japan.
• To foster international partnerships for African development
 Business Facilitation
Ranking

20th 15 10 5 1

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
Country Branding
Building, Consolidating & To craft a vibrant,
Promoting the image & compelling and forward-
visibility of Mauritius looking brand for Mauritius

Setting up of a Steering Launching of an

Committee on Country Expression of Interest
Branding – November – February 2019
2018
Outlook 2019 – Major Challenges
 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%

Note:
China Decelerate to 6.2% Ivory Coast 7.3%
India Up by 7.5% Ghana 7.3%
Kenya 5.8%
East Asia and Pacific Moderate from 6.3 to 6%
Madagascar 5.4%
Latin America & Caribbean 1.7% Senegal 6.6%
MENA Up to 1.9%

Sub-Saharan Africa Up to 3.4% 29

 Thank you
Head Office
10th Floor,
One Cathedral Square Building
16, Jules Koenig Street
Port Louis 11328
Republic of Mauritius
Tel: +230 203 3800
France India South Africa
Ambassade de la République de Maurice Mauritius High Commission Number 52, Regus Business Centre,
127 rue de Tocqueville EP-41 Jesus & Mary Marg West Tower, 2nd Floor,
75017 Paris Chanakyapuri Nelson Mandela Square,
France New Delhi 110021 Maude St., Sandown,
India Johannesburg, 2146
South Africa
Tel: +33 (0)1.42.27.30.19 Tel: +91 11 241 02 161 Tel: +27780860072
www.edbmauritius.org