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April 2024

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Editorial

 
 

Climate change and Sustainability; Translating Responsibility to Resilience

The ever-evolving global landscape demands a shift in focus from simply discussing sustainability to actively implementing solutions.

We are adapting to this transformative tide of our time and remain as steadfast as ever at EDB, on our commitments to socio-economic sustainable goals. Indeed, in this edition, we will sharpen our focus on climate change and sustainability as well as the ESG practices being deployed in the country.

Ken Poonoosamy

CEO Economic Development Board Mauritius

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Cultivating Progress - Highlights of Agriculture's Rising Yields

 
Agro sector

As per the latest statistics, in the year 2023, significant increases were observed across three key subsectors in the agricultural sector: sugar cane, tea, and food crops. Detailed information regarding these increases is provided in the accompanying infographics. This growth marks a significant progress in the agricultural industry, contributing to increased production, economic development, and food security.

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Integration of Renewable Energy across economic sectors.

 
Renewable Energy

The success of the Mauritian economy historically relies on our ability to adapt to the dynamics of the global economic landscape and successfully addressing associated challenges. Resolving issues related to the drastic drop in global sugar prices of the late 60’s, the relocation of textile firms in the 90’s to the financial crisis of 2008 and more recently, the effects of COVID 19 and its aftermath, are clear testimony of the country’s resilience, adaptation and evolution capabilities.

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Interview

 
Pierre Marouby
 

Mr. Pierre Marouby

CEO - GreenYellow

The GreenYellow 14MWac solar farm, located at Arsenal, in the north-western part of the Island, was inaugurated on Thursday 08 February 2024 by Hon. Georges Pierre Lesjongard, Minister of Energy and Public Utilities. This solar farm follows the execution of a 2021 tender launched by the CEB and will generate some 22,5 GwH of electricity annually, contributing towards our target of 60% of renewable energy in the electricity mix by 2030.

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Insights

 
Sun Farming

Renewable Energy and Food Security

SUNfarming has invested approximately 15 million rupees for the development....

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Rodrigues

Rodrigues' Sustainable future

Rodrigues Island has been making significant strides towards....

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Tourism

Sustainable Tourism in Mauritius

The tourism industry in Mauritius remains a key pillar of the economy in terms....

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Advancing Smart Agriculture in Mauritius with Controlled Environment Techniques for food security.

 
CEA

In a collaborative effort to address Mauritius' ongoing challenges in food security, the Economic Development Board (EDB) and Mauritius Institute Biotechnology Ltd (MIBL) organised a workshop focused on Controlled Environment Agriculture (CEA) on Tuesday 23rd April, 2024. Bringing together a diverse group of 60 participants, including stakeholders from the private sector, farmers, students, and key authorities, the event aimed to foster dialogue and innovation in the agricultural sector.

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MIFC

MIFC: Sustainable Investment

Financial players and individuals alike are becoming more involved in sustainable finance today....

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Green RealEstate

Embracing Sustainability

Mauritius is faced with many challenges ranging from limited resources, remoteness, climate change to....

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Textile

Sustainable Textile

According to the World Economic Forum, the Fashion Industry and its related supply chain is considered as one of the largest polluting....

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ESG

Pioneering Sustainability

If the word "sustainability" is now an ubiquitous trend or all-encompassing....

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OECD

Responsible Business Conduct

Agricultural Enterprises undeniably play an essential role in the....

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Environment Bill

The Environment Bill

Climate change is exacerbating humanitarian emergencies around....

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FDI totals Rs37 Billion in 2023

 
CEA

The Bank of Mauritius has published preliminary estimates for Foreign Direct Investment (FDI) for the year 2023, on 26 April 2024, of an amount of Rs 37,011 million. This indicates a Y-o-Y increase from 2022 of 11% and the total of Rs 37 billion represents a new all-time high.

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Our Collaborators

Special thanks to our collaborators for their contribution

 

Anna Genave, Deujen Mungur, Kheshi Ram, Maheshwar Oodit, Nawsheen Oozeer, Niraj Jugmohansingh, Noreyna Benydin-Chutoree, Rachna Ramkhalawon, Sachin Mohabeer, Seewraj Nundlall, Sonali Sewraj Reetoo, Sweta Unnuth, Teeroomalay Ramasawmy, Thierry Maunick, Yashdith Bachwa

 
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