Mathieu Mandeng, the CEO of Standard Chartered Bank Mauritius chose the candid way to debrief the Bank’s 15 years of presence in Mauritius. The country, he said, has reached a stage of development where it is aspiring to become a high-income economy. The vision is clear to deliver a GDP of $20 billion by 2025. One of the engines of growth is obviously the financial services sector. 

In order to reach those milestones, the country has really got to do what it takes. In the latest issue of the Global Financial Centres Index, Mauritius is ranking 79th out of 87 countries. In that ranking, it is true that Mauritius is second in Africa but we tend to compare ourselves to the continent only. We should not only give attention to the economies that are behind us but also to those that are ahead of us. In that ranking, Mauritius is 79th and Johannesburg 59th. Those are the only two financial centres ranked from the continent. Dubai, which is in the EMEA (Europe, Middle East and Africa) league, is ranked 18th. The number one is London, followed by New York.

Mauritius has to do more to improve its ranking as an IFC. Reputation is important for a financial centre; that explains the steps taken by government to strip off the tax haven tag of the country.

This is what featured on the front cover of Business Magazine, accompanied this week by two-monthly Men’s style which sets the mood for winter season. 

Au sommaire

5 Édito
Ère nouvelle

6-14 Actualité
.Foods Worth se met à l’heure  de l’agro-tourisme
.Port
Optimiser le potentiel  du transbordement
.Sun Ltd: profits de Rs 79,8 millions sur neuf mois

22-23 Portrait
James Lim  : Une foi inébranlable dans la force  du capital humain

44-45 Notre invité
Philippe Wattecamps  : «Le marché est très bancarisé  et surliquide»

46-47 Entreprise
Groupe Sobany : Diversification réussie dans l’événementiel

48 PME
Casting World
Des créations à dimension écologique

50 Formation
Le point sur les techniques  du «brand journalism»

51 Immobilier
Jessica Trujillo  : «Faciliter l’immersion des expatriés dans leur nouvelle vie»

16-20
Mathieu Mandeng 
Financial destination: Opening a new chapter

26-42 Businessfiles

Fintech
Rattraper le wagon  du développement

Blanchisserie industrielle
Embellie à venir avec  l’essor de l’hôtellerie