Mauritius and Zambia signed an Investment Promotion and Protection Agreement (IPPA) yesterday in Port Louis. The new IPPA will further reinforce and deepen economic cooperation between the two countries.
Mauritius has regained the position as top source of foreign direct investment (FDI) into India by pushing Singapore to the second slot in 2014-15.
Mauritius is rated as the best performing economy in Africa by the World Economic Forum (WEF) Africa Global competitiveness Report 2015 entitled: “Transforming Africa’s Economies” released on June 4, 2015 in South Africa.
According to Moody’s credit report, Mauritius’ Baa1 country-wide rating is supported by the upper-middle-income status of the island economy, despite the small size of the nominal GDP in 2013, which stood at a mere $11.9 billion.
Mauritius will assume the Presidency of the Vanilla Islands Organisation as from 10 June 2015.