Mauritius

31-May-2019

African Development Bank provides €100 Million partial guarantee for commercial agriculture in Africa

The Board of Directors of the African Development Bank, meeting in Abidjan on 29 May 2019, approved a €100 million partial credit guarantee (PCG) to the structured finance company, African Agriculture Impact Investments Ltd (Mauritius), to develop commercial agriculture in Africa. The Mauritius-based company will leverage the Bank's PCG to catalyse additional financing from international pension funds through an Agri-linked Note to facilitate investments in sustainable farmland and agricultural infrastructure across Africa. It will be authorized to operate in various African countries...
13-May-2019

Southern Africa Quarterly Review and Analysis – 1st Quarter 2013 - Issue 8

Southern Africa is projected to grow at 4.4 percent in 2013. A strong first quarter performance in many of the countries set the region on course towards this growth rate. In Angola, despite a slight deceleration of output in the non-oil sector, growth remained quite healthy, supported by oil production. Botswana maintained strong growth on the back of a resurging mining sector. Lesotho maintained positive growth that largely reflected the mining and textile sub-sectors’ good sustained performance, while in Malawi growth rebounded in the first quarter, with the main drivers being improved...
13-May-2019

Southern Africa Quarterly Review and Analysis – 2nd Quarter 2013 - Issue 9

Economic activity in Southern Africa remained quite strong in the second quarter, giving optimism that the region is on course to attain a projected annual average growth rate of 4.4 percent. Angola witnessed a pickup in growth in the non-oil sector, which combined with strong oil production to maintain a healthy second quarter performance. Botswana sustained its strong growth on the back of a resurging mining sector. However, recent adverse weather conditions in the country moderated overall growth during the second quarter. Growth was positive in Lesotho, largely reflecting good performance...
04-Apr-2019

Regional Economic Outlook 2019 - Southern Africa

The Southern Africa economic Outlook reviews macroeconomic conditions in the 13 countries comprising the African Development Bank’s Southern Africa region. The first part highlights growth trends and provides projections for 2019 and 2020 by examining the main drivers of growth based on prevailing global, regional, and domestic conditions. It also examines financial and structural policies and how they shape current and future growth. It then discusses the region’s performance on inequality, employment, structural change, and poverty reduction. The second part discusses the region’s...
04-Apr-2019

Mauritius: African Development Bank power station renovation improves energy production, air quality

The refurbishment of the old Saint Louis power station has brought a breath of fresh air to  those working at and living in the north west of Mauritius. Renovation of the machinery has addressed the electricity supply shortages, thanks to financial assistance from the African Development Bank. For years, the power station, the country’s main electricity production plant, located in the southern periphery of Camp Chapelon, flooded the town’s 1,500 inhabitants and 2,000 workers with noisy and gaseous emissions, leading to discomfort and ill health. Thanks to the renovation which...
01-Mar-2019

Southern African Governors supportive of African Development Bank’s efforts for increased development impact in the region

The Bank’s regional governors from southern Africa gathered yesterday to consider and discuss the work of the African Development Bank in the past year, following detailed presentations by the Bank’s senior management and an opening speech of welcome by Bank President Akinwumi Adesina. “We are working hard for a much-transformed Southern Africa,” Adesina told governors. Governors commented in detail on the Bank’s transformative projects in the region, and shared their concerns to ensure that their countries’ recent improvement in economic growth would continue to be reflected in solid...
11-Feb-2019

Mauritius - Statistical Capacity Building (SCB II) in regional member countries for MDG monitoring & results measurement – PCR

The program development objective was to assist the country to improve the National Statistical System (NSS) in order to provide high quality, reliable and timely data. This would contribute to more effective economic management, better MDGs/SDGs and poverty monitoring, informed evidencebased policy making as well as to contributing to improvements in the design of future Bank programs and projects. The program activities would enhance Statistical Capacity Building through institutional capacity strengthening and training of staff of the NSS, focussing on improvement of data collection,...
27-Jun-2018

The African CEO Infrastructure Project Developers Summit calls on Governments to Help Bring Projects to Financial Close More Rapidly

Africa investor (Ai), the international investment and communications group, and Africa50, the pan-African infrastructure investment platform, co-hosted the fourth Ai CEO Infrastructure Project Developers Summit on June 18 in Mauritius. The Summit was opened by Paramasivum Pillay Vyapoory, Acting President of Mauritius, and closed by Aziz Rebbah, the Minister of Energy, Mines and Development of Morocco, who both emphasized the need for good governance, transparency and committed political leadership to speed up the process of approving and implementing infrastructure...
12-Mar-2018

Southern Africa Economic Outlook 2018

The economic outlook for the Southern Africa region is cautious. Broad-based economic activity is expected to recover at a slow pace, but the outlook remains modest, given the diverging growth patterns for the region’s economies. Upper middle-income countries turned in low and declining rates of growth. Meanwhile, lower income transitioning economies recorded moderate and improved growth, albeit at reduced rates. Despite the improvement, economic performance remains below the regional target of 7 percent annual economic growth for all member states. The region’s economic outlook continues to...
27-Oct-2016

Mauritius reaches milestone in SEFA-supported pioneering low-carbon technology project

The Deep Ocean Water Applications (DOWA) project in Mauritius supported by the Sustainable Energy Fund for Africa (SEFA)marked a new milestone last week by welcoming the largest marine engineering platform of its kind – ‘Joseph Plateau’ – in Port Louis. The vessel will carry out detailed offshore marine surveys to introduce an innovative low carbon technology that lowers building cooling costs using cold ocean water – a first of its kind in Africa. Mauritius has no known oil, natural gas or coal reserves, and therefore depends on imported petroleum products to meet most of its energy...
11-Nov-2015

Southern Africa Quarterly Report 3rd Quarter -2014 - Issue No.14

05-Nov-2014

Southern Africa Quarterly Report 2nd Quarter-2014 Issue No.13

The Southern Africa region reported an acceleration of growth in over half of the countries in the second quarter of 2014. In five countries, growth either decelerated or stayed on course. Growth was strongest in Angola, which grew by 8.8 percent, driven by growth in non-oil activities in the construction and energy sectors; followed by Mozambique, which grew by 7.5 percent, supported by the acceleration of trade related activities, transport, telecoms, and manufacturing and electricity; and Zambia, which grew by 6.5 percent following strong public expenditure in social sectors and...
26-Aug-2014

Southern Africa Quarterly Review and Analysis – 1st Quarter 2014 - Issue 12

The Southern Africa region continued on a positive growth path with significant differences in growth rates among countries in the region. Mozambique, Zambia and Angola registered the fastest growth rates, exceeding the 7 percent growth rate target of the Southern African Development Community (SADC), supported by positive performance of the mining sectors and strong public expenditure. Officials in Zimbabwe also predict a significant acceleration of growth (from 3.7 percent in 2013 to 6.1 percent in 2014) premised on the successful implementation of its Agenda for Sustainable SocioEconomic...
21-May-2014

Mauritius - Saint Louis Power Plant Redevelopment Project - ESMP Summary

The CEB is undertaking a major redevelopment of the St Louis Power Station to meet the forecasted increase in electricity demand and to address acknowledged adverse noise and air emission impacts associated with the older inefficient Pielstick engines. A feasibility study on the redevelopment of St Louis Power Station was undertaken by Mott MacDonald in 2011/2012. The study concluded that the recommended overall maximum generation capacity at St Louis Power Station should be limited to approximately 130 MW based on consideration of IFC Guideline emission limit values. As approximately 40 MW...
19-Feb-2014

Southern Africa Quarterly Review and Analysis – 4th Quarter 2013 - Issue 11

The Southern Africa region closed the year on an overall positive note, notwithstanding the downward revisions in growth projections seen in nearly half of the countries covered. Early indications show that the average growth rate for 2013 was 4.3 percent, only slightly lower than the 4.4 percent predicted in the third quarter. On a positive note, growth was strong in Mozambique, Zambia and Angola and picked up in Malawi and Swaziland. Mozambique continued on a strong growth path driven by growth in the mining sectors (coal) and in transport and communications.
05-Feb-2014

2014-2018 - Mauritius - Country Strategy Paper

Mauritius has established itself as one of the leading economic reformers in Africa, successfully transitioning from a Low Income into an upper Middle Income Country (MIC). Strong institutions in a politically stable and thriving business environment and effective use of trade preferences particularly with Europe and India have been instrumental in driving growth and facilitating an impressive economic diversification. At independence the small island economy was completely dependent on sugar. It has since diversified into tourism, textiles, financial services, and Information and...
15-Jan-2014

Mauritius: Repairs Roads and Bridges

15-Jan-2014

Mauritius: Port Louis Stage III Sewerage Project

15-Jan-2014

Mali: Selingue Dam Project

15-Jan-2014

Mauritius: Port Louis Water Supply Project