Mauritius’ government predicts that foreign direct investment will grow by up to 46 percent this year. This prediction stands despite worries that the United Kingdom’s decision to leave the European Union may stunt inflows to the island nation.
The government expects foreign investors to inject 14 billion rupees ($395 million) by the close of 2016, compared with the 9.6 billion rupees invested last year.
Bank of Mauritius data shows that the country received 3 billion rupees in the first quarter. FDI fell last year from 18.5 billion rupees in 2014, when the $12 billion economy saw several hotel acquisition deals.
The World Bank added that the country is the easiest place in Africa to do business, while the African Development Bank rank it the Indian Ocean island as the most competitive economy in sub-Saharan Africa. Read more here.