Energya Industries, leading conglomerate from Egypt prospects the Mauritius energy sector
20 Fév 2024
The Bank of Mauritius has published the Preliminary Gross Direct Investment flows for the period January to June 2023, which have been estimated at Rs 13,513 million. The FDI recorded for the first semester of 2023 represents a year-on-year increase of 33%, as compared to the corresponding period in 2022, where the inflow recorded was estimated at Rs 10,086 million.
The geographical sources of the FDI registered, while principally being France and South Africa, includes appreciable growths from Belgium, Germany, and UK, the US, the U.A.E and India
Moreover, on analysis over available date for the previous 7 years, it is noted that the first semester results of 2023 of Rs 13,413 million is a new benchmark when comparing the figures for the corresponding period over the years. Previous averages prior to COVID, was approximate Rs 10,110 million.
Since the second half of 2021, thanks to bold policy reforms initiated by the Government to enhance the economic competitiveness and the ease of doing business in the country as well as the rise in confidence of investors in key sectors, the inflows of FDI have picked up steadily to reach a milestone of Rs 27,658 million in the year 2022. This figure exceeded pre-pandemic levels and is in line with the economic recovery and positive economic growth post covid.
This year’s positive performance is synonymous of sustained investor confidence amid a difficult global context.