MENA investment into Africa: Mauritius is the bridge
Many MENA-based investors looking to expand into Africa operate from Dubai, which has positioned itself as the regional leader for trade, transport, tourism, logistics and financial services. Ideally positioned between the Asian tigers and the African lions, Dubai is very much the choice of investors seeking to do business in the African continent, with COMESA member Mauritius increasingly serving as the bridge.
Mauritius is in the same time zone as Dubai. It is an international financial centre with sophisticated corporate legislation and deep African roots. The country has close cultural and commercial ties with Africa, Europe, India and China, from which its diverse population hails. Mauritius was ranked 1st in Africa (and 19th worldwide) in terms of ‘Ease of Doing Business’ by the World Bank’s Doing Business report, 2012. It is a signatory to the major African conventions and a member of the major African regional organisations that provide preferential access to African markets.
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