Mauritius Shines in GFCI 37 & Climbs to 58th in Global Financial Rankings

Mauritius has once again reaffirmed its status as a top-tier International Financial Centre (IFC) in the latest edition of the Global Financial Centres Index (GFCI 37). This influential index, which evaluates the global competitiveness of various financial centres, features a total of 119 hubs, with Mauritius proudly claiming an impressive 58th position—an improvement from its previous 60th place in GFCI 36.

With a rating that has risen to 694, Mauritius is not only demonstrating its resilience but also reinforcing its stature within the Middle East and Africa, now ranking 4th—just behind the giants of Dubai, Abu Dhabi, and Casablanca.

This marks a significant upward shift from 5th position in the prior index, establishing Mauritius as the second-best performing IFC on the African continent.

Additionally, GFCI 37 highlights financial centres expected to grow in relevance over the next few years, with Mauritius ranked 6th among the top 15 centres poised for greater prominence.

This accolade, supported by 24 mentions over the past two years, underscores the increasing appeal of Mauritius as a financial hub.

In a testament to its innovative spirit, Mauritius has made remarkable progress in the FinTech arena, climbing an impressive 21 places to achieve a global ranking of 53rd, with a commendable FinTech score of 668.

This notable advancement of 34 points from GFCI 36 reflects the nation’s commitment to cultivating a thriving FinTech ecosystem.

Survey insights reveal that key contributing factors include access to funding, a vibrant environment that fosters innovation, strong ICT infrastructure, robust demand, and an availability of skilled professionals.

Mauritius is committed to advancing excellence by enhancing its regulatory framework, streamlining business operations, and investing in resilient financial and technological infrastructures.

Through the years, the Mauritius IFC has broadened its offerings, recently introducing innovative financial instruments such as the Variable Capital Company (VCC) licence and the Virtual Asset and Initial Token Offerings (VAITOS) licence.

These developments not only align with global trends but also attract a new generation of FinTech-focused investors.

As geopolitical risks and a challenging global economy prompt high-net-worth families and investors to seek reliable avenues for asset preservation and management, Mauritius is increasingly viewed as a prime destination.

The ongoing discussion surrounding optimising financial returns through the island nation continues to gain traction, as demonstrated in related publications.

In conclusion, Mauritius’ steady ascent in the GFCI rankings serves as a clear indicator of its dedication to fostering a dynamic and competitive financial environment.

This commitment further strengthens Mauritius’ role as a vital gateway for investment and financial services within the region, inviting investors to explore the opportunities presented by its flourishing financial landscape.

Source: Investment Monitor