Mauritius Employers’ Federation & Joint Economic Council to merge for SME focus
Left to right: Ahmed Parkar, President of the Joint Economic Council, and Vincent d’Arifat, the President of the Mauritius Employer’s Federation (MEF), shake hands over the announcement of the merger between the two bodies. (Image: ION News)
The Mauritius Employers’ Federation (MEF) and the Joint Economic Council (JEC) are joining forces to better serve the private sector, especially small enterprises.
The MEF and the JEC held a press conference at the MEF building today to announce the merging of their activities under a new entity which will be operational by May.
The primary objective of the merger is to strengthen the voice of the private sector and in particular that of small enterprises on a national level as explained by Pradeep Dorsun, the Acting Director of the MEF.
The new entity will also work towards better coherence and effectiveness by covering strategies at both a macroeconomic and a microeconomic level.
Under this initiative, the MEF and the JEC also embody their ambition of making optimum use of human capital and ensuring consistency in the services offered to companies, employers and associations of the private sector, said Vincent d’Arifat, the President of the MEF.
He went on to say that the new entity will more ably represent the entrepreneurship sector in Mauritius.
Ahmed Parkar, President of the Joint Economic Council, added that the future body will encourage dialogue between the private and the public sectors, a must for business evolution, given the current economic context.
It should be noted that the new entity will be formed upon approval of all the members of the MEF on a special Annual General Meeting to be held at the end of April.
To put things in perspective, the merger has been in the pipeline for the past ten years. However, the project received a fresh breath of life only in 2012, following a study carried by renowned economist Pierre Dinan on the potential synergies from the merger of both institutions.
For the last two years, several meetings were held in the presence of key economic players of the country to take the project further. If the merger succeeds in May, the new entity will be headed by a national council.
The MEF, founded in 1962 has 1050 members while the JEC established in 1970, counts 9 important institutions which are the Mauritius Chamber of Commerce and Industry, Mauritius Bankers Association Limited, Insurers’ Association of Mauritius, Association des Hôteliers et Restaurateurs de l’ile Maurice, Association of Mauritian Manufacturers, Mauritius Chamber of Agriculture, Mauritius Employers’ Federation, Mauritius Sugar Producers’ Association and the Mauritius Export Association.
- By Samirah Mamode