Mauritius

In-depth country-focused analysis on Mauritius's economic, political and operational risk environment, complemented by detailed sector insight

Mauritius

Our comprehensive assessment of Mauritius's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Mauritius, as well as the latest industry developments that could impact Mauritius's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Mauritius before your competitors.

Country Risk

Mauritius Country Risk

BMI View:

Core Views:

  • We forecast that real GDP growth in Mauritius will accelerate in 2015, bolstered by falling oil prices and a recovery in investment. Our forecast of 4.6% growth is a significant upward revision from our previous forecast of 4.2%. This reflects the changes wrought by the halving in the price of oil and the grand development plans being laid out by the newly elected government which came to power in December 2014. It is also far stronger than the preliminary 3.5% growth the Mauritian statistics office has announced for 2014 - which is in line with our estimates - and reflects the strongest expansion rate since 2008.

  • We forecast a cumulative hike of 50 basis points to Mauritius's Key Repo Rate in 2015. Although inflation remains low, concerns over saving levels will see rates raised, especially as real GDP growth picks up.

  • ...

To read the full article Register for Free or Login

Mauritius Operational Risk Coverage (9)

Mauritius Operational Risk

BMI View:

Mauritius is one of the most attractive countries to operate in, with a highly developed banking and finance sector and relaxed regulatory regime which encourage foreign direct investment. Although Mauritius's small geographic and population size limit its market growth and the availability of labour, this also ensures that it is one of the safest countries in the region, with a lack of ethnic tensions, separatist groups or terrorism. In addition, good international maritime connections and internal road links ensure the relatively smooth running of supply chains. Overall, Mauritius is in first place out of 48 states in Sub-Saharan Africa (SSA), with a score of 58.1 out of 100.

Mauritius's greatest risks for potential investors stem from the country's location in the Indian Ocean, which increases the security threat. This, as well as limited military and counterterrorism capability, leaves it vulnerable both to...

To read the full article Register for Free or Login

Mauritius Crime & Security

BMI View:

Mauritius is an attractive option for investors looking for an environment unencumbered by high crime rates, although the risk of international conflict or terrorist activity is slightly elevated. Compared regionally, the threat of crime and security is low. However, the country's strategic position exposes it to the threat of terrorism and international conflict. Mauritius's lack of military capability means that it would be in a weak position in the event of such an attack. Mauritius scores 48.0 out of 100 in the Crime and Security Index, placing it 11th out of 48 countries in Sub-Saharan Africa (SSA).

One of the greatest threats to investors regarding crime is that of cybercrime, which is on the increase in African countries, and is potentially very damaging to those operating in the tertiary sector. Financial and information services are particularly at risk of sabotage by cybercriminals, and it remains to be seen whether...

To read the full article Register for Free or Login

Mauritius Labour Market

BMI View:

Mauritius's Labour Market Risk is low by regional standards, largely due to its performance on educational access and quality, resulting in a well-educated, literate and numerate workforce. However, the country's competitiveness is hindered somewhat by the small size of the labour force, as well as a lack of investment in tertiary level education, which lowers the availability of highly skilled workers. Overall, we give Mauritius a score of 48.6 out of 100 for Labour Market Risk, in sixth position out of 48 Sub-Saharan Africa (SSA) states, just ahead of Nigeria and South Africa regionally.

Mauritius poses a low risk to investors in terms of education owing to significant investment in primary and secondary education over recent years, contributing to a workforce well equipped with basic skills. On basic skills measurements, Mauritius outperforms in the region, reflecting recent investment in primary and secondary education as...

To read the full article Register for Free or Login

Mauritius Logistics

BMI View:

BMI View: Mauritius offers a very attractive environment for investors, owing to an outperforming logistics network. The country's open economy and successful diversification strategy has allowed it to emerge from the global financial crisis in a better position than many of its peers, with inexpensive and efficient trade procedures. In addition, supply chains in the country enjoy a high-quality transport network, and business generally will benefit from widespread availability of utilities. Consequently, the country is placed first in the SSA region out of 48 states in the BMI Logistics Risk Index, with a score of 62.8 out of 100.

...

To read the full article Register for Free or Login

Mauritius Trade & Investment

BMI View:

BMI View: Built upon decades of economic and political stability, the Mauritian economy has diversified away from its historical reliance on sugar exports into a variety of manufacturing and service industries, including textile production, tourism and banking. These assets, in combination with comprehensive government reforms in trade, investment, tax and fiscal policies make Mauritius a highly attractive site for investors. Consequently, Mauritius is the outperformer in Sub-Saharan Africa by some margin, scoring 73.0 out of 100, above regional competitor South Africa in second place with a score of 64.8 out of 100. Out of 201 countries globally, this places Mauritius in 20th position.

The government's pro-market policies are...

To read the full article Register for Free or Login

Mauritius Industry Coverage (5)

Commercial Banking

Mauritius Commercial Banking

BMI View:

...
Commercial Banking Sector Indicators
Date Total assets Client loans Bond portfolio Other Liabilities and capital Capital Client deposits

To read the full article Register for Free or Login

Insurance

Mauritius Insurance

BMI View:

BMI View: The general outlook for both major segments of Mauritius' insurance sector is positive. Life insurance is very well established, and accounts for around 70% of total premiums. We think that premium growth in coming years will be driven by official measures to promote life insurance and other conduits for organised savings as the government deals with the high and rising costs of public sector pensions. Non-life insurance has diversified beyond basic property and motor lines. Growth in the coming years will be driven mainly by the rapid expansion of health insurance. Private health spending is set to grow because of rising morbidity in the 30-44 and 45-60 age cohorts. The upgrading of the national car fleet over time should provide a boost to motor vehicle insurance. In both segments, we expect insurers to demonstrate innovation in terms of products and...

To read the full article Register for Free or Login

Pharmaceuticals & Healthcare

Mauritius Pharmaceuticals & Healthcare

BMI View:

BMI View : Although Mauritius has one of the smallest populations in the region, it has the highest per capita spending on pharmaceuticals, the sector of which is backed by encouraging governmental vision. With a high reliance on non-communicable and chronic disease therapies and an increasing elderly population, Mauritius will continue to remain an attractive destination for pharmaceutical investment.

Headline Expenditure Projections

Pharmaceuticals: MUR5.76bn (USD188mn) in 2014 to MUR6.28bn (USD203mn) in 2015; 8.27% growth in local currency terms.

Healthcare: MUR18.00bn (USD588mn) in 2014 to MUR18.73bn (USD607mn) in 2015; +4.5% growth in local currency terms.

Key...

To read the full article Register for Free or Login

Telecommunications

Mauritius Telecommunications

BMI View:

BMI View : BMI's Q215 Southern Africa report analyses the latest industry, regulatory and macroeconomic developments in the telecoms markets in Angola, Botswana, Mozambique, Mauritius and Namibia. It also contains our estimate of the market data relating to the end of 2014 and an update of our five-year forecasts to 2019 for the mobile, fixed-line and internet sectors.

Key...

To read the full article Register for Free or Login

Tourism

Mauritius Tourism

BMI View:

BMI View: As a popular holiday destination for many years, especially to markets such as the UK and France, Mauritius has a well developed and strong tourism sector. Backed by good management practices, effective regulation and a stable political environment, all areas of the sector are set to see significant growth over the forecast period. We also forecast steady increases in the number of inbound and outbound tourists as markets such as India continue to recognise Mauritius as a viable destination. With a good level of government funding and an openness to foreign investment, the Mauritius tourism sector presents a positive potential opportunity.

Although forecast to increase overall, in the shorter term the amount of inbound tourists from key European markets such as France will decline. This is due to the combination of the emergence of other competitors and a lack of disposable income due...

To read the full article Register for Free or Login

Latest Mauritius Articles

  • We forecast global real GDP growth of 3.0% in 2015, a rise from the 2012-14...

  • We analyse presidential, legislative and regional elections that have taken...

  • Strong consumption growth in India and China and stagnation in regional ref...

Latest Mauritius Blogs

Latest Mauritius Podcasts