Choose your location

Mauritius to benefit from African Development Bank investment

Thousands of SMEs in Mauritius are set to be benefit from a new, approved $100m loan from the African Development Bank. African Development Bank gives loan to Mauritius SMEs

The Bank approved the loan through its public sector window and will include investment into areas such as manufacturing, trade, agriculture, aquaculture, ICT and transport. Projects that have been earmarked for growth include 1,500 women and 300 youth enterprises by 2027.

According to AllAfrica, The Master Plan of the Government of Mauritius aims to raise SMEs' contribution to GDP from 40 to 52% by 2026, while increasing SMEs' share of national employment from 55 to 64%.

There are over 100,000 registered SMEs in Mauritius, contributing approximately 40% of GDP and employing over 280,000 people. The African Development Bank loan is hoped to contribute to gender equity and social inclusion. Female workers (30% of Mauritius' workforce) and entrepreneurs (16% of firms with female shareholders) are a focus of the Bank's loan.

Want more from Air Mauritius?

Book your next big adventure with us today.

For great deals try Air Mauritius Holidays.

Want more on Mauritius? Check out the rest of our site here.

You can follow Air Mauritius on FacebookTwitter and Instagram for all the latest news. Photo: Port Louis Harbour

  • Tagged:
Thank you for the comment! Your comment must be approved first
Leave a comment