The second edition of the Mauritius Trade Finance Conference
2016, organised by the Global Trade Review was held on the 10th
November 2016. The objective of the conference was to bring
together local and international trade institutions, financiers and
exporters to share expertise and explore the role Mauritius is
playing as primary trade finance hub and an international financial
The opening address for the conference delivered by Harvesh
Seegolam, Chief Executive of the Financial Services Promotion
Agency (FSPA), on behalf of the Minister of Financial Services and
Good Governance and Institutional Reforms Hon. Roshi Bhadain, GCSK,
enumerated the key initiatives of the Government to create the
right eco-system and framework to position Mauritius as the key
Financial Centre, Trading hub and Doing Business Platform for
Africa. This platform rests on two fundamental pillars
namely: a credible and substantive international financial centre;
and a good regional logistics platform.
The speech also focused on the new schemes that have recently
been introduced through the Budget to enhance the offerings of
Mauritius as an IFC to the international trading community.
Trading firms can henceforth set up their Global Head-quarters and
Treasury Management Centres in Mauritius while doing business in
Africa. Harvesh Seegolam also presented the advantages that
the forthcoming MINDEX exchange, which will present to the
international business community, with respect to their exposures
on African currencies.
Also intervening on the first panel of the Conference-
'What does Mauritius have to offer global
business', Harvesh Seegolam,
highlighted how Mauritius is fundamentally different from other
traditional offshore financial centres, as the Mauritius model of
development is based on a substantive and transparent
The Chief Executive of the FSPA, also emphasized on how
Mauritius is being used as an access-centre and outbound
facilitation platform for emerging markets in Africa and Asia. From
this outset, the corridor concept adopted by the Government,
further facilitates the movement of people, investment and capital
between Asia and Africa.
Harvesh Seegolam, stressed on the fact that Mauritius is a
tested, proven and fully collaborative jurisdiction that adheres to
international norms, standards and best practices.
The panel also saw the participation of Richard Arlove, Chief
Executive officer of ABAX and Santosh Gujadhur, Chief Executive
Officer of GFin Corporate Services. Richard Arlove, stated that the
eco-system of Mauritius allows to add-value to the African
continent. He also stressed on the significance of Mauritius as a
platform for investment into Africa, sustained by strength of its
governance, no exchange control policy, legal system and cultural
As for Santosh Gujadhur, the Mauritius IFC is moving-up the
value chain; increasing its capital market activities for business;
and is leveraging on its expertise to connect entrepreneurs with
the right source of capital, technology and
On a concluding note, Richard Arlove, highlighted the positive
role and initiatives of the Financial Services Promotion Agency
(FSPA), which is teaming up with different industry players to
develop and promote the image of Mauritius as an International
Financial Centre (IFC) of excellence.
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