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Mauritius ranks 1st in Africa & 29th worldwide Forbes Best Countries for Business 2013
M
auritius has not been sitting on its laurels after having topped the Overall Ease of Doing Business 2014 in the African region of the World Bank group’s Doing Business 2014 Report. The island got a good note as it ranked first among African countries and 29th worldwide in the latest Best Countries for Business 2013 poll by Forbes – released in January.
Mauritius is surely on the right track to reinforcing its status as the gateway to the emerging continent which is Africa. A report recently released by the famous international Magazine, Forbes has revealed that the island outran all its fellow African countries as it topped the charts in regards to doing business in 2013 in the African region. Countries such as South Africa, Rwanda, Zambia or even Botswana lagged behind Mauritius and stood at the 41st, 49th, 68th in their global rankings respectively whereas Mauritius grabbed the 29th place. Nigeria, which is Africa’s second largest economy trailed the list as it stood at the 114th position. In its report, Forbes highlighted that Mauritius “has developed itself from a low-income, agriculturally based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors since its independence”. We could say that this is not first time that Forbes laudably speak about the Mauritian economy as in its special issue of 2nd September 2013 in a report titled “Mauritius, Never Complacent”, it highlighted Mauritius’ comparative advantages as a first choice investment destination in the Indian Ocean and in Africa. According to Forbes, several factors have contributed into ranking of Mauritius as the top African country for business. A much improved infrastructure, increased life expectancy, a more equitable income distribution as Continued On Page 2 ....
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