BOI taps African market for investment
Photo: Ken Poonoosamy, Managing Director, BoI
A branch of the Board of Investment (BOI) of Mauritius, Africa Centre for Excellence is organising an investment prospection mission in East Africa from May 6 to 10. The delegation of the BoI will visit Dar Es Salaam in Tanzania, Nairobi in Kenya and Kampala, Uganda to tap the growing need for investment in Africa. The objective of the mission is to attract 200 C-level executives or partners of firms in sectors such as agri-business, manufacturing real estate and property development Information & Communication Technology financial services.
The objectives of the mission is to set up a common platform for local investors to identify investment opportunities and to explore the possibility of joint-ventures, strategic alliances, franchising and project financing in the high growth cities in Africa.
The roadshow will constitute dedicated session on doing business in Kenya, Tanzania and Uganda where stress will be laid on regulatory matters. Moreover, the aim of business forums will be to showcase investment opportunities in the African countries and will be followed by one-to-one meetings.
The Africa Centre of Excellence which was set up to boost up investment in Africa fulfilled its promotion strategy during a meeting that was held at the seat of the Board of Investment from April 29 to May 3. As part of the programme, local investors were able to hold direct contacts with the representatives of both the public and the private sector of certain African countries.
The aim of the Africa Centre for Excellence is to facilitate the task of local entrepreneurs who are looking for opportunities to maintain cost competitiveness, secure raw materials and resources as well as to secure market access for their products and services. Local companies are also looking to invest in the Africa regions in sectors where they have a competitive edge and technical know-how.