Mauritius has become the 23rd member state of the Africa Finance Corporation (AFC), Africa’s leading investment grade, infrastructure solutions provider, AFC announced in a press statement.
The statement indicates that Mauritius has continued to register impressive economic progress, including a near fivefold increase in its GDP per capita in the last 30 years. Additionally, it is consistently one of the highest-ranking countries in Africa in the UN’s Human Development Index.
The AFC’s statement cites Mauritius’s high emphasis on infrastructure investment, with a particular focus on three of AFC’s sectors in investment: power, transport, and logistics.
“We are pleased to welcome Mauritius as a member state of the AFC. Through its commitment to promoting private sector-led solutions for its development challenges, Mauritius presents an excellent partnership opportunity for the AFC’s mandate to develop and finance infrastructure, natural resources and industrial assets for enhanced productivity and economic growth of African states. We look forward to significantly contributing to Mauritius’s growth story,” said Samaila Zubairu, President and CEO of the AFC.
The AFC will engage the Mauritian authorities and private sector on how it can best contribute toward developing the country’s infrastructure.
The Mauritius Africa Fund (MAF), SBM Group and the AFC are in discussions currently with regards to the establishment of an Africa-focused infrastructure and industrialisation fund (the Fund). The Fund, a Mauritius initiative, will seek to collaborate and mobilise funds from key institutional investors for investment in crucial infrastructure projects, and facilitate the setting up of special economic zones across the African continent.