Mauritius Economic Development Board CEO Leads Investment Roadshow in South Africa

Ken Poonoosamy, the CEO of the Mauritius Economic Development Board (EDB), is spearheading a Mauritius Investment Promotion and Residency Roadshow in South Africa from April 22nd to April 30th, 2024. The roadshow aims to strengthen trade and investment ties between Mauritius and South Africa, consolidating South Africa's position as a key partner and market for Mauritius.

The roadshow, which spans four major cities in South Africa, includes a flagship business forum in Johannesburg that attracted 200 attendees, including South African investors, business leaders, and individuals interested in relocating, living, retiring, or acquiring properties in Mauritius. The EDB and the accompanying private sector delegation are showcasing Mauritius' competitive and multi-dimensional investment landscape, robust financial services sector, thriving real estate opportunities, and attractive residency options.

Why this matters: The roadshow emphasizes the growing economic ties between Mauritius and South Africa, two key players in the African economy. Strengthening these ties could lead to increased investment, trade, and collaboration between the two nations, promoting economic growth and development in the region.

In addition to the Johannesburg forum, the EDB played a central role in a forum organized by Absa Bank Mauritius, which brought together high-net-worth individuals from various industries to discuss collaboration and innovation in the dynamic economic landscape. This forum further highlights the EDB's efforts to promote Mauritius as an attractive destination for investment and business opportunities.

The roadshow comes at a time when Africa's economic landscape is undergoing significant changes. According to the 2024 Africa Wealth Report, Africa's total investable wealth stands at $2.5 trillion, with the millionaire population expected to rise by 65% over the next decade. However, challenges such as currency depreciation, underperforming stock markets, and the migration of high net worth individuals have impacted wealth growth in many African countries.

Despite these challenges, Mauritius is expected to be one of the fastest-growing wealth markets in Africa, alongside Namibia, Morocco, Zambia, Kenya, Uganda, and Rwanda. The EDB's roadshow in South Africa aims to capitalize on this growth potential and attract investment to Mauritius.

The Mauritius Investment Promotion and Residency Roadshow in South Africa is a significant step towards strengthening the economic ties between Mauritius and South Africa. Through forums, meetings, and showcasing Mauritius' investment opportunities, the EDB, led by CEO Ken Poonoosamy, is working to position Mauritius as a key player in the African economic landscape and attract investment that will drive growth and development in both nations.

Key Takeaways

• Mauritius EDB CEO leads investment promotion roadshow in South Africa in 2024.
• Roadshow aims to strengthen trade and investment ties between Mauritius and South Africa.
• Mauritius showcases its investment landscape, financial services, real estate, and residency options.
• Africa's millionaire population expected to rise 65% in next decade, Mauritius among fastest-growing.
• Roadshow a step to position Mauritius as a key player in Africa's economic landscape.