Inflation slows
The Mauritian inflation rate was estimated at 7% at the end of December 2023 by Statistics Mauritius, against 10,8% a year earlier. The rise in prices of everyday consumer products slowed down significantly at the end of the year : 0,Only 1% in November and less than 1% in December.
The Medine group raises nearly 30 million euros
The Medine Limited group raised at the end of December 1,4 billion rupees (approximately 29 million euros) a bond, over a period of five years. The initial objective of the economic operator in the west of Mauritius was set at one billion rupees. This oversubscription demonstrates the confidence of investors in its projects, underlines the Mauritian press. The funds raised should allow Medine to renegotiate its debt on more favorable terms and finance its continued growth., especially in the real estate sector.
In 2023, growth at 7,1 %
Mauritius is expected to record a growth rate of 7,1 %, against 8,9% in 2022, according to estimates from Statistics Mauritius. The country's gross value added should also show a slight decline compared to the previous year., in real terms, excluding inflation : 7% versus 9,9 %. Likewise, in real terms, GDP per capita is expected to increase by 7,2 %, against 9,2% in 2022. The main sectors contributing to growth in 2023 are, in order, accommodation and catering activities, la construction, financial and insurance activities, transportation and storage, trade, agriculture and fishing.
Jeff de Bruges s’implant
The Franco-Belgian chocolatier Jeff de Bruges has a first franchisee in Mauritius, more precisely at the Richmond Hill Center, shopping mall near the Super U of Grand-Baie, since December 5. The brand is managed by Salima Mall, of Mauritian nationality and already active in the chocolate sector in Reunion with her husband Houssen Issop-Mamode.
