The Economic Development Board (EDB), Mauritius’ investment promotion agency, is preparing to establish new Memoranda of Understanding (MoUs) with several governmental agencies in Africa. The agencies include:
- Le Centre de Promotion des Investissements de la République de Côte d’Ivoire (Ivory Coast)
- Le Ministère de la Promotion de l’Investissement de la République Togolaise (Togo)
- Trade & Investment KwaZulu-Natal in South Africa
The primary objectives of these MoUs are as follows:
- Establishing a practical framework for cooperation in trade and investment opportunities.
- Designing a shared strategy to enhance economic relations.
- Strengthening institutional relations and capacity building through collaboration.
- Adopting a coordinated approach to identify areas of comparative advantage and expertise to bolster investment, trade promotion, and facilitation.
These agreements aim to foster mutual growth and prosperity by facilitating closer collaboration and leveraging each entity’s strengths and resources.