Offshore: An easy in
The African continent, while not unscathed by the global recession, has shown a fair degree of resilience in providing significant opportunities with its under-penetrated markets and unleveraged businesses. Economic expansion in this region, particularly in Sub-Saharan Africa, is mainly being supported by minerals and energy, but also by a broad base of sectors including agriculture, technology, telecommunications, media and financial services. These industries are attracting massive foreign direct investments (FDI), a large chunk of which are coming through private equity. Flows of FDI to Africa have been increasing significantly during the last decade and Mauritius has a vital role to play in this respect, since the country possesses invaluable comparative advantages.
With its favourable tax status and historic ties to Africa, Mauritius is fast establishing its status as a gateway to investment in the continent. Conyers Dill & Pearman’s Craig Fulton and Anthony Whaley report
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