news banner

15 Aug 2023 • Development

Increase in FDI recorded in 2023Q1

Preliminary Gross Direct Investment flows for the first quarter 2023, published by the Bank of Mauritius were estimated at Rs7,236 million as compared to Rs5,246 million in 2022Q1, representing an increase of 38%. Figures for 2023Q1exceeded pre-pandemic levels, triggered by bold policy reforms undertaken 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.

Source: Bank of Mauritius (Rs million)

Real Estate remains an important source of FDI for the country, estimated at Rs 4,074million in 2023Q1and accounted for 56% of the total FDI for the period. A significant increase was also observed in Information and Technology, confirming the economic and strategic interest of the sector. Likewise, Europe accounted for about 47% of the total FDI for the period, an increase of 43% as compared with 2022Q1, with France leading in terms of capital flows.

Share this article