The FSC made a press release on 11 August 2019 that delves into the various reasons why the Mauritius International Financial Centre (IFC) is a driver of quality investments into Africa. Interestingly, out of the 10 largest recipients of investment in Africa from Mauritius, only 4 of them have concluded a Double Taxation Avoidance Agreement (DTAA) with the island nation. This observation does beg the question as to whether the presence of DTAAs is indeed a pivotal driver of investment through Mauritius - while DTAAs may help in encouraging cross-border investment, they are no longer one of the main triggering factors. International investors now look for a more strategic and global value proposition from the Mauritius IFC that will include a skilled and multilingual workforce, a strong banking and legal system, a sound and efficient capital market, political stability and the absence of exchange control etc.

To access the press release, click here