FDI inflow plunges in first quarter 2017

Gross foreign direct investment flows in Mauritius have been estimated at Rs2.0 billion during the first quarter of 2017. About 92 per cent (Rs1,873 million) were channelled to the ‘Real estate activities’ sector, of which investments under the IRS/RES/IHS/PDS amounted to Rs1,240 million. Investments directed to the ‘Manufacturing’ and ‘Accommodation and food service activities’ sectors totalled Rs93 million and Rs75 million, respectively. Nearly a third of the direct investment inflows originated from France (Rs722 million), while those from South Africa and United Kingdom amounted to Rs285 million and Rs185 million, respectively. Gross direct investment flows abroad totalled Rs155 million in 2017Q1, with the bulk directed to the ‘Real estate activities’ sector (Rs139 million). Direct investment flows to France stood at Rs33 million with while those to Kenya amounted to Rs13 million.