Who Owns Whom

Mauritius

Country Code: 480

ISO2 Code: MU

ISO3 Code: MUS

Country Economic Snapshot

2022-01-31

Mauritius is an island nation of 1.3 million people with a GDP of US$13.5bn. It has previously been a colony of France and the UK, and to quote a resident, citizens “speak English, write in French and think in Creole”.
The nation has developed from a low-income, agricultural producer to a diversified, middle-income earner with emerging industrial, financial, business outsourcing and tourism sectors. It has positioned itself as a base for investment in Africa by scrapping exchange controls so that profits can be freely expatriated, and has establish double taxation treaties with most African nations. The services sector accounts for around 75% of GDP.

Drastic and fast action by the government to lock down and isolate the island saw it record only 315 cases and 10 deaths from COVID–19 between January and December 2020. But this came at a high cost for the economy. In just one year, Mauritius lost 18 percentage points of growth. Real GDP was estimated to contract by 15% in 2020, against real GDP growth of 3% in 2019.
The medium-term outlook is for a strong recovery, with real GDP growth projected to average 7.1% over the next two years. The fiscal deficit is projected to widen to 10.8% of GDP in 2021, fuelled by high public investment and continued support to businesses and jobs. The deficit will narrow in 2022 to 5.0%, with economic recovery supporting growth in tax revenues. The current account deficit is projected to improve on the back of an improvement in the trade balance and a gradual recovery in tourist receipts as air links resume between Mauritius and Europe, the main source of tourists. Inflation is projected to rise, averaging 3.4% over the medium-term as domestic demand increases.

Sources: Who Owns Whom Industry reports, African Development Bank

Info

Capital Port Louis
Currency (Name, Abbreviation, Symbol) Mauritian rupee , MUR , ₨
Area 2,040 sq km
Type of Government parliamentary democracy
Languages Creole 80.5%, Bhojpuri 12.1%, French 3.4%, English (official; spoken by less than 1% of the population), other 3.7%, unspecified 0.3% (2000 census)
Natural Resources arable land, fish
Type of Industry food processing (largely sugar milling), textiles, clothing, mining, chemicals, metal products, transport equipment, nonelectrical machinery, tourism
Stock Exchange Stock Exchange of Mauritius
Stock Exchange Location Port Louis
Stock Exchange Founded 1988
Tax Rate: Corporate 15%
Tax Rate: Individual 15%
Natural Resources arable land, fish

Latest available information as sourced from:

African Markets

Trading Economics

Economy Watch

The World Fact Book

KPMG Tax Tables

Company Profile

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Sector Research

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Sector Research

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ABC Banking Corporation Ltd Stock Exchange of Mauritius 2016-01-18 ABCB Mauritius Active ABC Motors Company Ltd Stock Exchange of Mauritius 2012-10-16 ABC Mauritius Active Air Mauritius Ltd Stock Exchange of Mauritius 1995-02-17 AIRM Mauritius Active Alteo Ltd Stock Exchange of Mauritius 2012-07-31 ALT Mauritius Active Arindo holdings (Mauritius) Ltd Stock Exchange of Mauritius 2017-11-30 ARINDO Mauritius Active Ascencia Ltd Stock Exchange of Mauritius 2006-08-04 ASCE Mauritius Active Associated Commercial Company Ltd Stock Exchange of Mauritius 2012-06-12 ACC Mauritius Active Astoria Investments Ltd Stock Exchange of Mauritius 2015-11-10 ATIL Mauritius Active Attitude Property Ltd Stock Exchange of Mauritius 2015-09-21 APL Mauritius Active Automatic Systems Ltd Stock Exchange of Mauritius 1994-10-12 ASYS Mauritius Active Bayport Management Ltd Stock Exchange of Mauritius 2013-03-28 BML Mauritius Active Bee Equity Partners Ltd (The) Stock Exchange of Mauritius 2006-08-04 FIDE Mauritius Active BlueLife Ltd Stock Exchange of Mauritius 2014-01-08 BLL Mauritius Active BMH Ltd Stock Exchange of Mauritius 1994-03-07 BMHL Mauritius Active Bravura Holdings Ltd Stock Exchange of Mauritius 2015-10-23 CMBI Mauritius Active Braw Property Holdings PLC Stock Exchange of Mauritius 2018-05-10 BRAW Mauritius Active C-Care (Mauritius) Ltd Stock Exchange of Mauritius 2006-08-04 MSCL Mauritius Active Caudan Development Ltd Stock Exchange of Mauritius 1995-01-16 CAUD Mauritius Active Central Depository & Settlement Co Ltd Stock Exchange of Mauritius CDS Mauritius Active CIEL Ltd Stock Exchange of Mauritius 2014-01-00 CIEL Mauritius Active CIM Financial Services Ltd Stock Exchange of Mauritius 2012-10-30 CIM Mauritius Active Compagnie Des Villages de Vacances de l'Isle de France Ltee Stock Exchange of Mauritius 2006-08-04 COVI Mauritius Active Compagnie Immobiliere Ltee Stock Exchange of Mauritius 2013-01-16 CIMO Mauritius Active Constance Hotels Services Ltd Stock Exchange of Mauritius 2006-08-04 CHSL Mauritius Active Constance La Gaiete Company Ltd Stock Exchange of Mauritius 2006-08-04 Mauritius Active Dale Capital Group Ltd Stock Exchange of Mauritius DCPL Mauritius Active Eagle Insurance Ltd Stock Exchange of Mauritius MEI Mauritius Active ENL Ltd Stock Exchange of Mauritius 2006-08-04 ENL Mauritius Active Evaco Ltd Stock Exchange of Mauritius 2016-06-09 EVL Mauritius Active Excelsior United Development Companies Ltd Stock Exchange of Mauritius 2006-08-04 EUDCOS Mauritius Active Fincorp Investment Ltd Stock Exchange of Mauritius 1994-08-31 FINC Mauritius Active Forges Tardieu Ltd Stock Exchange of Mauritius 2006-08-04 FORT Mauritius Active Gamma Civic Ltd Stock Exchange of Mauritius 1994-11-30 GAMA Mauritius Active Go Life International Ltd Stock Exchange of Mauritius 2011-07-07 GOLI Mauritius Active Harel Mallac & Co. Ltd Stock Exchange of Mauritius 1991-02-20 HML Mauritius Active Hotelest Ltd Stock Exchange of Mauritius 2006-08-04 HTLS Mauritius Active IBL Ltd Stock Exchange of Mauritius 1994-08-17 IBL Mauritius Active Infrastructure Commodities (Mauritius) Ltd Stock Exchange of Mauritius 2018-06-29 Mauritius Active Innodis Ltd Stock Exchange of Mauritius 1996-00-00 HWF Mauritius Active IPRO Growth Fund Ltd Stock Exchange of Mauritius 2000-12-00 IPRO Mauritius Active Kolos Cement Ltd Stock Exchange of Mauritius 2018-01-29 KLOS Mauritius Active Lavastone Ltd Stock Exchange of Mauritius 2018-12-14 LAVA Mauritius Active Les Gaz Industriels Ltd Stock Exchange of Mauritius 2007-04-16 GIL Mauritius Active Les Moulins de la Concorde Ltee Stock Exchange of Mauritius 2006-08-04 LMLC Mauritius Active Lighthouse Properties PLC Stock Exchange of Mauritius 2015-01-30 LTE Mauritius Active Livestock Feed Ltd Stock Exchange of Mauritius 2006-08-04 LFL Mauritius Active Lottotech Ltd Stock Exchange of Mauritius 2014-03-03 LOTO Mauritius Active Lux Island Resorts Ltd Stock Exchange of Mauritius 2005-11-23 LIR Mauritius Active Mainland Real Estate Ltd Stock Exchange of Mauritius 2016-05-23 MAIN Mauritius Active Mauritius Chemical and Fertilizer Industry Ltd (The) Stock Exchange of Mauritius 1989-12-13 MCFI Mauritius Active Mauritius Cosmetics Ltd Stock Exchange of Mauritius 2006-08-04 MCOS Mauritius Active Mauritius Development Investment Trust Company Ltd (The) Stock Exchange of Mauritius 1989-07-05 MDIT Mauritius Active Mauritius Oil Refineries Ltd Stock Exchange of Mauritius 1990-02-21 MROI Mauritius Active Mauritius Secondary Industries Ltd Stock Exchange of Mauritius 2006-08-04 MSIL Mauritius Active Mauritius Union Assurance Company Ltd Stock Exchange of Mauritius 1993-00-00 MUA Mauritius Active MCB Group Ltd Stock Exchange of Mauritius 2014-04-05 MCB Mauritius Active Medine Ltd Stock Exchange of Mauritius 2006-08-04 MSE Mauritius Active MeritWise Group Public Ltd Stock Exchange of Mauritius 2018-10-12 MWG Mauritius Active MFD Group Ltd Stock Exchange of Mauritius 2015-03-09 MFD Mauritius Active Morning Light Co. Ltd Stock Exchange of Mauritius 2006-08-04 MOLI Mauritius Active National Investment Trust Ltd Stock Exchange of Mauritius 1993-07-29 NITL Mauritius Active New Frontier Properties Ltd Stock Exchange of Mauritius 2014-11-28 NFP Mauritius Active New Mauritius Hotels Ltd Stock Exchange of Mauritius 1996-00-00 NMHL Mauritius Active Northfields International High School Ltd Stock Exchange of Mauritius 2017-06-21 NORTHFIELDS Mauritius Active Novus Properties Ltd Stock Exchange of Mauritius 2014-10-02 NOVUS Mauritius Active Omnicane Ltd Stock Exchange of Mauritius 2012-08-17 MTMD Mauritius Active P.O.L.I.C.Y. Ltd Stock Exchange of Mauritius 1992-12-07 POL Mauritius Active Paper Converting Company Ltd Stock Exchange of Mauritius 2006-08-04 PCCL Mauritius Active Phoenix Beverages Ltd Stock Exchange of Mauritius 1993-00-00 PBL Mauritius Active Phoenix Investment Company Ltd Stock Exchange of Mauritius 2006-08-04 PICL Mauritius Active PIM Ltd Stock Exchange of Mauritius 1993-07-15 PIM Mauritius Active Promotion and Development Ltd Stock Exchange of Mauritius 1996-01-17 PAD Mauritius Active Quality Beverages Ltd Stock Exchange of Mauritius 2006-08-04 QBL Mauritius Active RHT Holding Ltd Stock Exchange of Mauritius 2006-08-04 RHT Mauritius Active Rogers and Company Ltd Stock Exchange of Mauritius 1990-06-07 ROGE Mauritius Active Sanlam Africa Core Real Estate Investments Ltd Stock Exchange of Mauritius 2013-05-16 SARE Mauritius Active SBM Holdings Ltd Stock Exchange of Mauritius 2014-10-03 SBM Mauritius Active Semaris Ltd Stock Exchange of Mauritius 2019-09-16 SEMARIS Mauritius Active SIT Land Holdings Ltd Stock Exchange of Mauritius 2006-08-04 SIT Mauritius Active Soap & Allied Industries Ltd Stock Exchange of Mauritius 2006-08-04 SAIL Mauritius Active Southern Cross Tourist Company Ltd Stock Exchange of Mauritius 2006-08-04 SCT Mauritius Active Stonebridge Properties Ltd Stock Exchange of Mauritius 2016-03-29 STBR Mauritius Active Sun Ltd Stock Exchange of Mauritius 1993-01-26 SRL Mauritius Active Swan General Ltd Stock Exchange of Mauritius SWAN Mauritius Active Swan Life Ltd Stock Exchange of Mauritius 2012-12-24 ANGM Mauritius Active Tadvest Ltd Stock Exchange of Mauritius 2016-02-03 TAD Mauritius Active Terra Mauricia Ltd Stock Exchange of Mauritius 1991-02-20 TERA Mauritius Active Tropical Paradise Co Ltd Stock Exchange of Mauritius 2006-08-04 TPL Mauritius Active Union Sugar Estates Company Ltd (The) Stock Exchange of Mauritius 2006-08-04 UNSE Mauritius Active United Basalt Products Ltd (The) Stock Exchange of Mauritius 2013-11-04 UBP Mauritius Active United Bus Service Ltd Stock Exchange of Mauritius 2006-08-04 UBS Mauritius Active United Docks Ltd Stock Exchange of Mauritius 1991-11-27 UTDL Mauritius Active United Investments Ltd Stock Exchange of Mauritius 2006-08-04 UIL Mauritius Active Universal Partners Ltd Stock Exchange of Mauritius 2016-08-08 UPL Mauritius Active Vivo Energy Mauritius Ltd Stock Exchange of Mauritius 1991-11-13 SHEL Mauritius Active

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