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AfricaMoney | October 18, 2017

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Equip youth to contribute to Mauritius’ economic development: Duval

Equip youth to contribute to Mauritius’ economic development: Duval

Vice Prime Minister Xavier-Luc Duval at the SEM Young Investor Awards Ceremony held last year on September 7 at the Octave Wiehé Auditorium (Source: Stock Exchange of Mauritius)

At the Young Investor Award 2013 ceremony on September 25 at the Auditorium Octave Wiéhe in Réduit, Mauritius’ Vice Prime Minister Xavier-Luc Duval emphasized that youth must have the opportunity to contribute to socio economic development. The minister, who also handles the Finance and Economic Development portfolio, noted that youth employability remains of paramount importance for the government as the young generation represents the future of the island nation.

The SEM Young Investor Awards, initiated in 1993, has now become an annual event of the Stock Exchange of Mauritius. All secondary schools offering HSC courses targeting lower six students were eligible to participate in the 21st edition of the awards.

Out of the 200 participating teams comprising lower six students from 105 colleges, the Loreto College Rose Hill bagged the Young Investor Award 2013 with a cash prize of Rs 100,000 and a shield for having excelled in all criteria. The runner-ups, Dr Regis Chaperon State Secondary School and Islamic Cultural College, received a cash prize of Rs 50,000 and Rs 25,000 respectively, and a shield.

The objectives of the competition are to inculcate an investment culture among college students, to give them an opportunity to understand the operational aspects of the Stock Exchange, and to trigger the interests of college students in the financial sector activities so they can confidently pursue higher studies in this growing sector of the Mauritian economy.

Duval urged students to go in for further studies as the preliminary Higher School Certificate is no more a guaranteed gateway to a decent salary and a bright future. He advised them to plan their career well in advance to achieve excellence and chart a course of higher studies to supplement their high school certification.

The minister noted that Mauritius will need more and more high caliber professionals who will be called upon to innovate continuously. According to companies’ feedback, there is high demand for professionals in fields ranging from ocean economy, renewable energy to engineering, accountancy, IT and green skills, said Duval.

Duval mentioned that the government has put in place several mechanisms to address youth unemployment. The Youth Employment Programme and Service to Mauritius launched in January with a budget of Rs 330 million has seen over 7,900 candidates registering and benefiting under the programme. Moreover, the Education Act and the Tertiary Education Act have been amended with a view to assist institutions to provide professional courses that are in demand, thus increasing youth employability.

Source: Government of Mauritius 

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