Sluggish business climate
The growing concern of Mahorais economic players increased in the 4th quarter of 2023, according to the latest economic report from Iédom. The business climate indicator (ICA), established based on the opinion of business leaders, falls below its long-term average for the first time since 2020. Degraded cash flow, extended payment terms, declining workforce : despite the gloomy situation, worsened by the social movement which paralyzed the island for six weeks in January and February, one-year investment forecasts remain favorable, except in commerce.
No deadline for social equality
At « social convergence », term chosen in Mayotte to define the alignment of all laws and social regulations in force in the 101st French department with those of France, does not yet have a precise timetable. The subject was on the program for one of the sequences of Marie Guévenoux’s visit to the island, At the beginning of April, which did not lead to any specific announcement. When departmentalization was implemented, in 2011, the date of 2036 had been mentioned. Since, Emmanuel Macron wanted to bring it forward to 2031. The government is sticking to it, island employers also, while the unions wish to hasten the movement. “Consultations must
continue ", said the minister.
4,000 euros in aid to businesses
When Marie Guévenoux came to Mayotte, there was also talk of the emergency aid requested by Mahorese businesses after the long blockade of the island, which partially paralyzed economic activity in January and February. The minister signed a decree authorizing maximum aid of 4,000 euros per company. According to the local Medef, 10,000 Mahorese companies could qualify.
Regularization of street vendors
Street vendors in the Kawéni area, north of Mamoudzou, have until April 30 to inform the municipality of their wish to be supported on a regularization path that would take them out of the informal sector. There are hundreds of them, even thousands, to practice a roadside activity outside of any legal framework. At the beginning of April, 90 of them had already agreed to engage in this process. Street vendors who refuse it will not have the right to set up in an area of Kawéni where this activity will soon be authorized.
