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Business Daily

Business Daily meets: Mahen Kumar Seeruttun

Business Daily

BBC

Business

4.4816 Ratings

🗓️ 2 February 2024

⏱️ 18 minutes

🧾️ Download transcript

Summary

The island of Mauritius is well established as a luxury holiday destination with five star hotels, beautiful beaches and clear blue waters.

But in the last couple of years it has also become Africa’s financial hub, attracting billions of dollars of investment by leveraging on decades of political and economic stability, a strategic location on the Indian Oean plus a multiple taxation system that incentivise investors.

Critics say it’s a tax haven - an allegation the island is keen to put at bay.

Can Mauritius sustain its status as a high income country and attract the skilled labour it seeks to expand the economy?

Presenter/producer: Peter MacJob

(Port Louis is Mauritius main settlement. Credit: Getty Images)

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Una Chaplin and I'm the host of a new podcast called Hollywood Exiles.

0:05.7

It tells the story of how my grandfather, Charlie Chaplin, and many others, were caught up in a campaign to root out communism in Hollywood.

0:15.3

Hollywood Exiles from CBC Podcasts and the BBC World Service. Find it wherever you get your podcasts.

0:24.2

Hello and welcome to Business Daily on the BBC World Service.

0:28.3

I am Peter McJope.

0:30.1

On today's program, we put a spotlight on one of Africa's hidden gems.

0:35.4

For anyone looking at a place where you want to do business as investors,

0:39.3

you would want to look at a place where you have a political stability,

0:43.3

you have rule of law, you have peace of mind,

0:47.3

and a place where you feel at home.

0:50.3

Mauritius, an island nation off the coast of the Indian Ocean, with a consistent economic growth spanning decades.

0:58.6

This small island has earned itself the status of Africa's leading economic hub, but some say it's a tax haven.

1:07.7

I wouldn't say if there's anything nefarious in it.

1:10.7

It's just a country saw that it could

1:12.8

create an advantage for itself and went and created it, made itself very attractive as the

1:19.1

first destination for investors onto the continent and leverage that to their advantage.

1:25.0

But with big ambitions and a small population,

1:28.0

how does the island intend to scale up?

1:30.7

We have seen so many people from Kenya,

1:33.0

from South Africa, from Botswana, from Zimbabwe,

1:35.7

from Nigeria, as you said, from Uganda.

1:37.8

We're all working here.

...

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