Mauritius Investment Flows Tail Off Despite Record-High Deals
- Approved 68 billion rupees of FDI in 2015 for next 5 years
- Actual flows shrunk by 40 percent in first quarter of 2015
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Mauritius is adjusting its investment promotion strategy after flows in 2015 slowed despite the government signing a record 68 billion rupees ($1.9 billion) for projects over the next five years, according to the country’s investment agency.
The economy received 4.76 billion rupees of FDI in the first quarter of 2015, nearly 40 percent less that what it attracted in the same period a year earlier, according Bank of Mauritius data. The nation is targeting higher investment to shore up activity, which has been sluggish following global economic woes, according to Board of Investment Chairman Gerard Sanspeur.