The vision is clear – Mauritius is setting itself up for exponential growth over the next few years. Testament to this statement, the pace of its current economic growth shows a continuous increase, expected to reach an impressive 3.9% this year!
Having had the advantage of a head start in 1992, Mauritius has slowly established itself as the gateway into Africa for foreign investors with the absence of exchange control as well as its low tax jurisdiction.
People would use Mauritius as a stepping stone into Africa because you don’t have the problem of seeking approval from the Reserve Bank.— Ben Lim, Chief Operating Officer at Intercontinental Trust Limited
Nikiwe chatting to Ben Lim
Looking at investment opportunities in Mauritius, the country’s property sector has had rapidly development and a steady increase in demand. While the framework for second home applications are already in place, the sector has focused its efforts on bringing in property groups.
There has been quite a significant uptake. All the big property groups have gone into the sector and most of the units have been sold.— Ben Lim, Chief Operating Officer at Intercontinental Trust Limited
While the current growth is relatively good, contribution to economic growth is set to soar with the introduction of the country’s investment in a light rail system.
Click here to access the Africa Connected portal or click below to watch Nikiwe's full interview with Ben Lim.