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The notebook of......

Ken Arian

Le secteur des Tic ou plutôt le secteur de l’information et du numérique a connu un développement fulgurant à partir des années 2000 et compte 750 entreprises avec pas moins de 23 000 emplois directs après une dizaine d’années, selon le Board of Investment.

Ramesh Basant Roi

Ever since the dual licensing regime was done away with in the new Bank of Mauritius Act 2004, our financial sector has thrived impressively. To ensure its viability and sustained expansion, it is imperative to take a long-term strategic view for the financial sector.  It is universally agreed that the challenges are many, the risks and vulnerabilities are many, the uncertainties are many but the window of new opportunities is narrow – extremely narrow indeed. As a small and highly open economy opera-ting in a globalised world of finance, Mauritius faces various challenges. The two overriding challenges are how best to address the risks and vulnerabilities associated with the offshore business sector and how best to maintain the competitive advantage of the financial sector as a whole.

Gilles Huberson

Sur le plan économique, la France figure parmi les premiers investisseurs à Maurice, avec des investissements directs étrangers qui représentent près du tiers des montants investis. De grands groupes français comme Orange, Canal+, Total, Colas, BPCE, Accor ou Casino, des entreprises de taille intermédiaire et des petites et moyennes entreprises, ainsi que de nombreux entrepreneurs individuels, apportent leur contribution à l’économie mauricienne en investissant et en créant des emplois (13 000 salariés sont employés par les investisseurs français à Maurice en 2016), dont une part importante provient de La Réunion.

Arnaud Dalais

Business Mauritius recently launched its corporate identity, as well as its new strategic orientation, for the 1,000+ member companies and other stakeholders to better understand what the association wants to achieve. Business Mauritius’ mission is to help in “Building our future”, because the whole country will progress with the further development of our business sector. In order to fully participate in the national effort for a better Mauritius, it was therefore essential to agree on a new strategic orientation to optimally sustain the progress of business.

Kee Chong Li Kwong Wing

Under the spotlight

Our financial services sector has had its fair share of criticism in the international press recently. Even the official press release from the Ministry of Finance of India following the renegotiation of the India-Mauritius Double Taxation Treaty candidly asserted that ‘The Protocol will tackle the long pending issues of treaty abuse and round tripping of funds attributed to the India-Mauritius treaty’. This added to the list of accusations levelled against our jurisdiction by Swissleaks, Panama Papers, International Consortium of Investigative Journalists, and even by some ignorant local political pundits, branding Mauritius as an opaque fiscal paradise where a lucrative business was being supposedly made with black money. All this was not helped by the former Prime Minister seen on TV with heaps of newly issued hard currency notes in his coffers seized at his home.

Afsar Ebrahim

We are sailing towards 50 years of independence and looking back, we have grown into adulthood with a matter of pride. We have evolved from a monocrop economy to an international financial services centre of substance and repute. Our democratic system, legal framework, education have contributed to this result. The vision and commitment of our political leaders and the entrepreneurial culture of the private sector have led this transformation seamlessly.However, the future (next five years) will see a degree of disruption in business that we have never experienced. The disruption risk is causing many sleepless nights to business leaders who are alert to this risk. The globalization as we have known is gradually fading, the political scene is changing with emerging disruption in democratic society. It seems there is a new political agenda with more inwardly focus policies.

Bernard Yen

10 years ago, as India was celebrating their 60th year of independence, I thought it would be a good idea to imagine what Mauritius could or should look like when we celebrate our 50th year of independence in 2018. I wrote an article about it called “A vision of Mauritius in 2018” which was published in some quarters. When I look back at it now, it is somewhat disheartening to find many of those dreams still far from being achieved.

Marjaana Sall

Since taking office in September 2015, I have met with a large number of stakeholders from various sectors. Our discussions have reinforced my first impression that the European Union (EU) is a valued partner in Mauritius. This is a good sign as we discuss the future EU-Mauritius partnership in the framework of the “Post Cotonou negotiations”. As the world faces more complex challenges, notably climate change and peace and security, a key consideration in shaping this future partnership will be to work together towards achieving the Sustainable Development Goals (SDGs).

Dr Chandan K. Jankee

Under its presidency of G20 Summit, Germany, the leading economy in the European Union (EU), is forging a more concrete link with the African continent by advocating a Marshall Plan. In addition to a brief on the different aspects of this Plan, the objective of this article is to highlight the opportunities for Mauritius with this new Africa Strategy.

Gerald Lincoln

The Mauritian economy has experienced reduced growth rates over the past few years, and although a number of sectors have been earmarked to drive growth, only tourism has gained momentum so far. The growth rate in 2017 is unlikely to exceed 3.8% and job creation is a challenge. Brain drain is also becoming more of an issue today, with young Mauritians emigrating at a worrying pace.

Deva Armoogum

As the world is watching in bewilderment, the unfolding of the Trump saga, following in the trail of an equally confusing Brexit vote, here in Mauritius we have after years of dilly-dallying given birth to our second edition of the Code of Corporate Governance. The new version intends to provide flexibility but at the same time is a call to move away from selective compliance to more meaningful governance practices. The private sector, through the voice of Business Mauritius, has pledged to inclusiveness and sustainability. Unconnected as these events may seem, there is a clear thread linking them, and that is the shift of power and responsibility from governments to corporations as regards the burning issue of sustainability of the planet and of human activities.

Kris Valaydon

Tout changement dans la taille d’une population et de sa composition selon l’âge provoque de sérieux effets sur le développement économique et social d’un pays. L’ampleur de ces effets dépend de la phase de transition démographique dans laquelle se trouve le pays. Et, lorsque des changements s’annoncent conséquents, l’intégration des variables démographiques dans la planification du développement devient un impératif quel que soit le secteur. L’exercice de prise en compte de ces variables devient une priorité. Surtout si le pays ne veut pas que son ‘miracle’ ne se transforme en débâcle économique et social, constaté par une détérioration dans ses indicateurs de croissance et de progrès. Ces propos s’appliquent à Maurice où il est nécessaire à ceux qui décident de son avenir de penser à une stratégie sur les questions du vieillissement de la population et celle de la migration, entre autres, et de passer à l’élaboration d’une politique de population.

Eric Ng Ping Cheun

There are three predominant vehicles of privatisation: sales of government assets, deregulation and contracting out of government services. The latter is tantamount to Lenin’s New Economic Policy which allowed for market measures and private property after 1921, conditions that would help introduce socialism “step by step”. Competitive outsourcing via a bidding process still involves government control over resources, but is at least an improvement from the provision of the service by a government-owned entity. Somewhat committed to excellence, market-based service providers remain conscious about quality customer service and do not impede innovation which brings tools to generate efficiency.

Paul Baker

The world economy can expect an interesting year ahead, possibly even a couple of years of uncertainty. Brexit and its outcome, the election of Donald Trump as President of the United States of America, and the totally unforeseeable result of the future elections in Europe, will mark a departure from “business as usual”. Accompanying this, though with less pomp and uncertainty, is the slowdown in Southeast Asia, which will affect demand for African commodities and natural resources, which fuelled the continent’s growth in the recent past. The world is inextricably linked and Mauritius, an extremely open economy, is vulnerable to contagion.

Renganaden Padayachy

Dans leur dernière étude économique, The World in 2050, publiée en février dernier, les économistes de la société de conseil et d’audit PricewaterhouseCoopers se sont lancés dans une prévision économique à long terme, afin de dessiner les contours de ce à quoi ressemblerait la planète économique en 2050.

Bruno Dubarry

Le mot est évocateur. D’une île recouverte de bois d’ébène à de verdoyants champs de canne à sucre, de sols hérissés de roches volcaniques à d’imposantes bâtisses savamment taillées, de l’esclavage à la liberté, d’un dominion à une République, d’un territoire isolé à une destination touristique prisée ; tout cela témoigne de la capacité de Maurice à se transformer.

Joël Rault

Face aux obstacles administratifs et politiques que rencontrent nos ambassades, il est judicieux de sortir des sentiers battus et d’adopter un nouveau modèle de représentation économique qui répond aux attentes des acteurs du privé.

René Leclézio

I am not certain what definition I should give to what I am about to write, but the closest I can get is what the American press calls an op-ed, which is an opinion which engages only me, and not my employers.

Dev Sunnasy

Maurice est une habituée des premières places en Afrique dans les classements portant sur le développement des technologies de l’information et de la communication. Peut-on dire pour autant que nous sommes un pays avancé en ce qui concerne l’utilisation des outils numériques dans notre vie de tous les jours ?

Juan Carlos Fernandez Zara

Change is a constant in our lives and corporations are not exempt of it. With the tectonic shifts that affect the global economy, whether political, economic, demographic or in terms of consumer trends, companies are pressed to cope with new paradigms, in order to remain relevant and competitive. Companies also need to be structured in a way that inspires confidence to stakeholders through proper structures of corporate governance.


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