Mauritius having attained its independence on 12 March 1968, has celebrated it’s 50 years of Independence this year.
The Golden Jubilee of Independence marks a key milestone in the history of Mauritius and is a reminder of how far the country has come in terms of its economic development evolving from a mono-crop economy to a diversiﬁed economy with a number of thriving sectors, such as tourism, manufacturing, ICT and ﬁnancial services.
If we look back in time to 1992, the Euromoney Conference was a deﬁning moment in the creation of what would become the Mauritius International Financial Centre (IFC), with the establishment of various legislations providing the right framework for activities to ﬂourish in the following years.
Being a member of the African Union, the Mauritian Government has a long history of promoting trade and investment ties with Africa. Mauritius is also one of the founding members of the Common Market for Eastern and Southern Africa(COMESA) and an early member of the South African Development Community (SADC) and has emphasized its desire to contribute towards the economic development of the African continent through trade.
Most recently, the announcement that the Mauritian Government and the Economic Development Board are spearheading a New Africa Strategy has not gone unnoticed. One of the aims of the new strategy is to establish a sound network of bilateral treaties with other African states, in addition to the existing Investment Promotion and Protection Agreements(IPPAs) and Double Taxation Avoidance Agreements(DTAAs) which are already in place.