BOI Africa Partnership Conference calls for greater collaboration on investment promotion to boost African growth

Two new MoUs were signed during the BOI Africa Partnership Conference which was held on the 20th September 2016; one between the BOI and the Swaziland Investment Promotion Authority (SIPA) and the other one with the East Africa Trade and Investment Hub (EATIH).

In his opening address, the Hon Pravind Kumar Jugnauth, Minister of Finance and Economic Development of Mauritius, highlighted that Africa still has far to go and a lot to achieve, and that it will require tremendous policy efforts, since Africa still faces deficits on many fronts.

The Minister highlighted that the new Africa Strategy of Mauritius focused, first, on a partnership for development, with the aim to focus on collaborative learning models, adaptable and cost efficient solutions; second, on an innovative government to government approach, with a new model for cross border investing and trade that transcends multilateral efforts and taxation agreements; and third on capacity building, namely building human and institutional capacity in relation to FDI, transfer of technology and knowledge, explaining that citizens from 49 African nations can now obtain a visa upon arrival in Mauritius. 

Source: Africa Money