The 6th edition of the Pension Funds and Alternative Investments Africa Conference was held on March 15-16, 2023, at the Le Meridien Hotel. The conference, organized by AMETrade, brought together over 200 delegates from 15 countries to provide a common platform for the investor community to share opportunities. Mr. Mahen Kumar Seeruttun, Minister of Financial Services and Good Governance, emphasized in his keynote address that investors are shifting their focus to Africa to tap into a booming consumer market where investments can find long-term value.
The Minister spoke of the important role of Mauritius for cross-border investments into Africa and pointed out that the Mauritius International Financial Centre is key to driving quality foreign direct investments in the Continent. He underscored that the investment from Mauritius into Africa represents 9% of overall foreign investment into the Continent.
“Our mantra, Mauritius for Africa, will continue to fulfil its promise of delivering on the Africa We Want as envisioned in the African Union Commission’s 2063 Agenda”, he observed. The shift to a more productive, sustainable and equitable growth through investment in new green and digital technologies was also underlined by the Minister.
Furthermore, Mr. Seeruttun spoke of the introduction of special tax regimes and the recent launch of the Variable Capital Companies, an attractive structure for various types of funds. Furthermore, he highlighted that the Ministry is currently working on an Environmental, Social and Governance Framework for Africa to give investors reassurance and enhance trust in our jurisdiction.