News highlight of the week : Surge in Foreign Direct Investment

Expat news
Published on 2024-03-29 at 06:28
This week, Mauritius sees promising foreign investment figures, Rodrigues continues to supply the local vegetable market, and there's good news for the environment with the planting of a mini-forest of endemic species in Piton.

Foreign investment surges in Mauritius

Foreign Direct Investment (FDI) in Mauritius has seen a remarkable surge, reaching Rs 23.1 billion in the first nine months of 2023, marking a 27% increase compared to the same period in 2022. This surge, driven largely by the real estate sector, surpasses pre-pandemic levels by 55%, indicating a strong comeback after the Covid crisis. Other sectors like energy, financial services, tourism, scientific activities, and ICT are also experiencing steady growth. With this momentum, it's expected that the total FDI for 2023 will exceed the Rs 27 billion recorded in 2022, possibly reaching a staggering Rs 35 billion.

Rodrigues sustains vegetable supply to Mauritius

Meanwhile, Rodrigues continues to contribute to Mauritius's vegetable market, with a recent shipment of various produce including giraumon, chillies, lemons, watermelons, bananas, pineapples, and grapefruits. This steady supply is facilitated by favorable weather conditions and ongoing agricultural projects like the construction of a hill dam at Anse-Baleine to enhance irrigation.

Mini-forest planted in Piton for environmental conservation

In Piton, an inspiring initiative took place where a mini-forest was planted with endemic species. Led by the NGO AEP (Action for Environmental Protection) and Tiny Forest of Mauritius, the community came together to plant a variety of endemic plants, creating a small ecosystem that promotes biodiversity and transforms organic waste into compost. With only 1.75% of endemic forest remaining, this initiative offers hope for a greener future.