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Special Economic Zones to be set up in five African countries

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The Mauritian Government is reportedly stepping up efforts to develop Special Economic Zones (SEZs) in at least five African countries.

The objective is to facilitate Mauritian investments into Africa, Defi Media cited Finance Minister Renganaden Padayachy as telling Parliament, in reply to a question set by Opposition MP Reza Uteem.

The countries being considered are Senegal, Côte d’Ivoire, Ghana, Madagascar and Kenya.

The Mauritius Africa Fund was set up as a public company limited by shares to encourage domestic enterprises to invest in Africa.

The Government has committed Rs 500 million in the Fund spanned over a period of five years.

It also participates as an equity partner up to 10% of the seed capital invested by the Mauritian investors in projects targeted towards Africa. 

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