Public Management

Mauritius: African Development Bank to help build sustainable infrastructure and economic resilience

Mauritius: African Development Bank to help build sustainable infrastructure and economic resilience
Friday, 16 December 2022 16:08

The Board of Directors of the African Development Bank Group on 15 December 2022 in Abidjan approved the Mauritius Country Strategy Paper for 2022-2027 and the implementation of the identified priority development areas. In addition to building economic resilience by improving the business environment and high value-added production, the Bank plans to focus its development efforts on sustainable infrastructure and environmental protection.

"The main objective of the new Country Strategy Paper is to support Mauritius' ambitions to become a high-income country by 2030 through a more productive, sustainable, inclusive and resilient economy by further unlocking the country's full potential in agriculture, information and communication technology, finance, and the blue economy to move up the value chain," said Leïla Mokaddem, the African Development Bank's Director General for Southern Africa.

The Bank aims to promote private sector development to foster and build a more productive, sustainable, inclusive and resilient Mauritian economy. It will support key economic, regulatory, and institutional reforms to reduce operational costs and create a more attractive environment for private investment.

The  African Development Bank will help create an enabling environment for agri-business, innovation, and skills to improve employability, especially for youths and women, and better prepare the workforce for future labor challenges. It will also help improve the economy's competitiveness.

Another priority area for the Bank is helping to eliminate bottlenecks that increase production costs and hinder companies' competitiveness. The focus will be on infrastructure development, especially in the energy, water, and transport sectors.

The Bank will support the strategic development and upgrading of cost-effective infrastructure to increase Mauritius' regional and international connectivity and competitiveness. Support to the energy sector will focus on transforming the country’s energy mix to facilitate its transition to green energy and implementing the national Renewable Energy Roadmap 2030.

The Bank will consider climate change resilience in infrastructure projects to enhance sustainability and assist the country in mitigating the hydro-meteorological impact on infrastructure.

As of 30 September 2022, the African Development Bank Group's active portfolio in Mauritius consisted of five operations with a budget of $262.29 million.

bad

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
(EBID) - The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) held its 92nd Ordinary Session on June 30, 2025. The Board...
• The IMF approved a $261.9 million disbursement under DR Congo’s credit program• Economic growth hit 6.5% in 2024, driven by the extractive sector•...
• Ghana’s Parliament approved a $360 million loan from the World Bank’s IDA• The funds will help pay road sector arrears, support vulnerable groups,...
(AMETRADE) - The 15th edition of the annual Africa PPP Summit (#APPP2025) is set to take place on 28 – 31 October 2025 at Hilton Hotel, Windhoek, Republic...
Most Read
01

Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...

Telecoms: Lebara Enters Nigerian Market with Strong Competitive Ambitions
02

Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...

Côte d’Ivoire’s Fuel Price Cuts Haven’t Slashed Transport Costs–Yet
03

• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina F...

BOAD Grants CFA10 Billion to Revive Boungou and Wahgnion Gold Mines in Burkina Faso
04

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
05

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.