Slowdown in growth in sight
Of 4,7 % in 2024, The growth rate of the Mauritian economy could drop to 3 % this year, According to the latest forecasts from the International Monetary Fund. Last year, Service sectors, construction and tourism had pulled the economy upwards. If the services will continue to perform, Tourist activity will slow down and drought will affect the results of the sugar sector, estimates the funder. As for inflation, which increased from 7 % in 2023 to 3,6 % in 2024, It should be established in a range of 2 to 5 %. The IMF encourages the Mauritian authorities to set up a budgetary sanitation plan.
Phoenix buys Seychelles Breweries
Phoenix Beverages Ltd (IBL group) is about to acquire a participation of 54,4 % in the company Seychelles Breweries Ltd (Seybrew), currently controlled by two subsidiaries of the Diageo group. "Strong of our expertise, We have the ambition to strengthen Seybrew's offer while preserving its own identity and its strong link with consumers ", commented Bernard Theys, Managing Director of Phoenix Beverages Ltd. Seychelles Breweries Ltd was founded in 1972. It produces and distributes in the beer ranges archipelago, spirits and non -alcoholic drinks. The acquisition must be finalized in June.
Skilled labor shortage
The leaders of Mauritian companies display their confidence in economic growth in the medium term, shows a recent investigation, But remain concerned about the shortage of skilled labor. 42 % of them consider themselves directly exposed to the deficit of local skills and the Mauritian economic world calls for better collaboration with academic circles. They also ask for measures promoting professional retraining.
Tata Motors electric cars arrive
The dealer Allied Motors, which represents the Audi and Seat brands on the Mauritian market, has just launched the marketing of three electric models from the Indian manufacturer Tata Motors. A city car (Tiago) and two SUVs (Punch et Nexon) are already available, from 770,000 rupees (around 15,000 euros), deduction made of the state premium of 200,000 rupees. A range of 205 km is announced for the city car. The two SUVs are sold from 890,000 rupees (About 17,300 euros) and 1,090,000 rupees (21 200 euros), with autonomy ranging from 290 to 375 km. Mauritius is the first market on which Tata Motors introduces its 100 % electric range, After those of South Asia.
