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Mauritius tourism and hospitality industry to showcase growth and investment opportunities at the API Mauritius & Indian Ocean Property Investment Forum

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Mauritius is increasingly recognised as a leader in sustainable tourism, driven by government initiatives, industry commitment to eco-friendly practices, and real estate developments

PORT LOUIS, Mauritius, June 13, 2025/APO Group/ –As Mauritius prepares to host the 3rd Annual API Mauritius & Indian Ocean Property Investment Forum on 26 June, industry leaders highlight the island’s pioneering role in sustainable tourism and hospitality development across the Indian Ocean region.

The forum will serve as a key platform to discuss growth prospects, investment challenges, and innovative partnerships shaping the future of hospitality in Mauritius and beyond.

Mauritius is increasingly recognised as a leader in sustainable tourism, driven by government initiatives, industry commitment to eco-friendly practices, and real estate developments.

The government aims to make Mauritius a “Green Destination” by 2030, focusing on reducing the negative effects of tourism like pollution and resource overuse, while increasing positive benefits such as protecting nature, supporting local communities, and preserving culture.

At the same time, real estate developments also follow green building principles, using energy-efficient designs and renewable energy to reduce carbon footprints. This combined effort from government, industry, and real estate creates a tourism sector that attracts visitors, cares for the environment, and benefits local people.

Neil George, Partner and Executive Director of Aleph Hospitality, notes that the region faces a significant opportunity to expand eco-certified hotels and circular economic practices in tourism that target waste reduction and promote local sourcing.

“Over the next five years, I believe that we will see substantial growth in eco-certified hotels as sustainability becomes a key differentiator. I expect that foreign investment in green hospitality projects will increase as Mauritius strengthens its sustainability credentials,” says George of Aleph Hospitality, which is the largest independent hotel management company in the Middle East and Africa.

However, he acknowledges that overcoming the perception of “Africa risk” and the somewhat illiquid nature of markets across the African continent remains a barrier to attracting institutional funding.

In other words, Africa is still widely viewed as lacking transparency, and it can be difficult to quickly buy or sell assets without impacting their prices. As a result, large investors such as banks and financial institutions find it challenging to commit funding. They prefer markets where information is readily available and where they can quickly recover their investments if necessary.

Investment challenges and innovative solutions

Institutional funding — traditional debt and equity funding — for hospitality developments in the Indian Ocean is often hindered by perceived market risks and limited liquidity.

Both Neil George and Govind Mundra, the Head of Development for Middle East & Africa at Wyndham Hotels & Resorts, emphasize these challenges remain perverse but also highlight innovative models to mitigate them.

Mundra points to branded residences and rental pool resorts as effective strategies that allow developers to pre-sell units and reduce upfront capital burdens while benefiting from global brand management and distribution networks. Wyndham assists developers and investors on this front.

“Branded residences and rental pools allow developers to pre-sell units—whether villas or condo-style apartments—while retaining them under a hotel management structure, easing both equity requirements and long-term debt burden.

There’s a clear opportunity to lead with eco-certified hotels, community-integrated experiences, and smart resort design – and we’re eager to be part but also to lead that journey

“It also gives investors the chance to monetize their assets while benefiting from a global brand, unified reservation system, and professional management. For interested investors, we’re always happy to explore these models further after the session. They’ve proven to be a powerful tool, especially when paired with our operational scale and strong visibility in key source markets,” says Mundra.

Wyndham’s “Wyndham Green” programme also provides a practical roadmap for hotels to achieve sustainability goals, graded across five levels covering energy use, waste reduction, sourcing, and community engagement. This approach aligns with the growing traveller demand for eco-conscious stays, particularly among younger generations, and supports Mauritius’s ambition to become a global benchmark in sustainable hospitality.

Predictions and growth outlook for the next five years

Industry leaders foresee a transformative shift in Mauritius’s hospitality sector over the next five years. Sustainable practices will evolve from optional enhancements to mandatory standards for new developments. Eco-certification, digital enablement, and environmental resilience will become prerequisites for new resorts, with guests expecting authentic cultural connections alongside eco-efficiency.

Aleph Hospitality’s expertise in tailored management solutions offers local entrepreneurs and investors opportunities to optimize operations, improve service quality, and attract international brands and investors through strategic partnerships. This collaborative approach can enhance return on investment from project inception through to exit phases.

Marriott International, one of the world’s largest hotel companies, has also reaffirmed its commitment to Mauritius, highlighting the island’s rich natural landscapes, cultural heritage, and world-class hospitality.

Says Jugal Khushalani, the Senior Director of Development for Sub-Saharan Africa at Marriott International: “The destination offers a resilient, high-value tourism offering that has evolved in terms of experience, accessibility, and infrastructure.  It also caters to the rising demand for experiential travel with enhanced luxury offerings, wellness experiences and environmentally conscious initiatives.”

Marriott International sees strong potential to expand its hotel portfolio in support of Mauritius’s resilient, high-value tourism economy.

Equally bullish about Mauritius is Radisson Hotel Group, which has reaffirmed its commitment to expanding in the Indian Ocean, building on its strong presence in Mauritius.

“Mauritius is setting the tone for sustainable hospitality in the region,” says Ramsay Rankoussi, Vice President of Development, Radisson Hotel Group, a major international hospitality company.

“There’s a clear opportunity to lead with eco-certified hotels, community-integrated experiences, and smart resort design – and we’re eager to be part but also to lead that journey. There’s growing demand from conscious travellers for resorts that integrate environmental stewardship with authentic local experiences which we have made our priority in all the hotels we operate on the island and globally,” says Rankoussi.

The Radisson Hotel Group is committed to net-zero operations by 2050. The group is also seeking to consolidate its existing presence across Mauritius, Madagascar, Reunion and Maldives but also to eventually enter Seychelles – aiming to bring its diverse portfolio of lifestyle, upper upscale, and eco-conscious brands to more of the region.

Government and industry collaboration for sustainable tourism

Mauritius’s government programme for 2025-2029 places eco-tourism at its core, reinforcing the island’s strategic focus on sustainable development. The Tourism Authority’s ongoing initiatives include banning single-use plastics, promoting renewable energy, encouraging local sourcing, and supporting eco-label certifications for hotels, such as Green Globe, held by prominent resorts. These efforts not only reduce the environmental footprint but also enhance the island’s appeal as a responsible travel destination.

Distributed by APO Group on behalf of API Events

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5th Islamic Development Bank (IsDB) Group Startups & Innovation Pitch Competition 2026 Concludes in Baku, Recognizing Nine Outstanding Startup Winners

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Through the IsDB Group Startups & Innovation Platform, entrepreneurs gain access to mentorship, strategic partnerships, investment opportunities, and international market exposure

BAKU, Azerbaijan, June 20, 2026/APO Group/ –The Islamic Development Bank (IsDB) Group (www.IsDB.org) successfully concluded the 5th IsDB Group Startups & Innovation Pitch Competition 2026 during the IsDB Group Annual Meetings and Private Sector Forum held in Baku, Azerbaijan.

Organized under the theme “Empowering Innovation, AI, Finance, Trade, and Entrepreneurship Across OIC Markets”, the competition brought together entrepreneurs, innovators, investors, policymakers, and development partners from across IsDB Member Countries to showcase innovative solutions addressing key development challenges.

The 2026 edition attracted more than 220 startup applications across six strategic innovation tracks: Artificial Intelligence & Deep Tech, AgriTech & Food Security, FinTech & Cybersecurity, Sustainability & Climate, Supply Chain & Smart Cities, and Human Development & Health. Following a rigorous evaluation process, selected startups participated in a three-day Bootcamp in Baku, receiving mentorship, investment-readiness training, and pitch coaching from leading local and international experts.

The competition culminated in the Global Demo Day, where twelve finalist startups presented their innovations before an international jury comprising representatives from government institutions, development organizations, venture capital firms, and entrepreneurship networks.

Following the jury’s deliberations, the competition concluded with the recognition of three outstanding startups, each demonstrating exceptional innovation and impact across key strategic sectors.

The First Place Champion award was granted to BIOSHELL, represented by Mr. Gurban Davudov, in the Sustainability, Climate & Infrastructure track. BIOSHELL was recognized for its innovative approach and strong potential to contribute to sustainable development and environmental resilience.

The Second Place Champion distinction was awarded to Bayuti, represented by Mr. Anouar Adham, under the FinTech, Digital Payments & Cybersecurity track. Bayuti impressed the jury with its forward-thinking financial solutions and commitment to advancing secure digital ecosystems.

The Third Place Champion honoured went to Park Hub Baku, represented by Mr. Orman Sultany, competing in the Supply Chain & Smart Cities track. The startup was acknowledged for its cutting-edge solutions addressing urban mobility and smart infrastructure challenges.

These winning startups exemplify innovation, entrepreneurial excellence, and the transformative potential of technology-driven solutions across diverse industries.

In addition, The six startups were recognized as Track Laureates:

  • AIRT – Artificial Intelligence & Deep Tech
  • Smart Sagro – AgriTech & Food Security
  • Derad Network – Supply Chain & Smart Cities
  • Climasel – Sustainability, Climate & Infrastructure
  • Proedia – Human Development, Health & Social Services
  • Mink Platform – FinTech, Digital Payments & Cybersecurity

The winners were honored during an official Awards Ceremony attended by senior IsDB Group leadership, representatives of the Government of Azerbaijan, development partners, investors, and key stakeholders from the innovation ecosystem.

The competition forms part of the IsDB Group’s broader commitment to promoting innovation-driven growth, strengthening entrepreneurial ecosystems, supporting youth-led enterprises, and fostering regional collaboration across Member Countries.

Through the IsDB Group Startups & Innovation Platform, entrepreneurs gain access to mentorship, strategic partnerships, investment opportunities, and international market exposure. As innovation continues to play an increasingly important role in economic transformation, the IsDB Group remains committed to empowering the next generation of innovators and supporting sustainable and inclusive development across the OIC region.

About the IsDB Group Startups & Innovation Pitch Competition

The IsDB Group Startups & Innovation Pitch Competition is a flagship initiative designed to identify, support, and accelerate high-potential startups across IsDB Member Countries. Competition provides entrepreneurs with opportunities to access technical support, capacity-building, investment networks, and global visibility while promoting innovation as a driver of sustainable development and economic growth.

Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

 

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ITFC signs US$1 billion Framework Agreement with Burkina Faso to support agriculture, energy and private sector trade

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The US$1 billion new agreement will provide a framework for continued financing in Burkina Faso’s agricultural and energy sectors while creating opportunities to expand support for health and private sector trade

BAKU, Azerbaijan, June 19, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$1 billion Framework Agreement with the Government of Burkina Faso to support trade finance activities over the next five years across agriculture, energy, health, and private sector development.

 

The agreement was signed on the sidelines of the 2026 IsDB Group Annual Meetings in Baku during a meeting attended by H.E. Dr. Aboubakar Nacanabo, Minister of Economy, Finance and Foresight of Burkina Faso, and Eng. Adeeb Yousuf Al Aama, Chief Executive Officer, ITFC.

The new framework builds on ITFC’s longstanding partnership with Burkina Faso, including the previous EUR900 million Framework Agreement signed in May 2023. That agreement is nearing full implementation, with approximately 94 percent of financing approved across sectors aligned with the country’s national development priorities.

The US$1 billion new agreement will provide a framework for continued financing in Burkina Faso’s agricultural and energy sectors while creating opportunities to expand support for health and private sector trade. Since commencing operations in Burkina Faso in 2008, ITFC has approved more than US$3.4 billion in financing. Agriculture represents 45 percent of total approvals, primarily supporting cotton campaigns, while energy accounts for 50 percent, including securing the imports of the national petroleum company, SONABHY.

Current ITFC operations in Burkina Faso include a EUR100 million financing facility with SOFITEX, the national cotton company, supporting the 2025&2026 cotton seasons. ITFC is also supporting the energy sector through a financing operation with SONABHY for the importation of refined petroleum products. In addition, the new agreement provides a platform to further develop private sector trade finance solutions in the country.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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ICIEC and Bank of Huzhou Sign Memorandum of Understanding (MoU) to Strengthen Trade and Investment Cooperation Across Member States

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The MoU establishes a collaborative framework to promote cross-border trade and investment by combining ICIEC’s expertise in credit and political risk insurance solutions with BoH’s banking capabilities and client network

BAKU, Azerbaijan, June 19, 2026/APO Group/ –The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral credit and political risk insurer and member of the Islamic Development Bank Group, has signed a Memorandum of Understanding (MoU) with Bank of Huzhou Co., Ltd. (BoH) to strengthen cooperation in supporting trade and investment flows across ICIEC Member States. The MoU was signed on the sidelines of the IsDB Group 2026 Annual Meetings, held in Baku, Republic of Azerbaijan, from 16 to 19 June 2026.

 

The MoU establishes a collaborative framework to promote cross-border trade and investment by combining ICIEC’s expertise in credit and political risk insurance solutions with BoH’s banking capabilities and client network.

 

This MoU provides a practical platform to advance cross-border cooperation, strengthen financial connectivity, and contribute to sustainable development across member markets

Under the MoU, the two institutions will work together to identify and develop business opportunities, support trade finance transactions, and provide offer Shariah-compliant appropriate risk mitigation solutions to public and private sector entities meeting ICIEC’s eligibility criteria.

 

Commenting on the signing, Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC, said: “Our partnership with Bank of Huzhou reflects ICIEC’s commitment to building strong alliances with financial institutions that can help expand trade and investment in between China and our Member States. By bringing together BoH’s banking capabilities and ICIEC’s Shariah-compliant suite of risk mitigation solutions, we aim to support businesses in accessing new markets, mobilising finance, and pursuing opportunities with greater confidence.” He added: “This MoU provides a practical platform to advance cross-border cooperation, strengthen financial connectivity, and contribute to sustainable development across member markets.”

 

Through this non-exclusive partnership, ICIEC and BoH will focus on jointly marketing and sourcing opportunities, providing advisory support, and facilitating financing backed by ICIEC’s insurance solutions for BoH’s corporate clients. The MoU also provides scope to explore innovative initiatives including potential InsurTech-enabled platforms, to expand access to trade and investment opportunities, enhance service delivery, and strengthen economic linkages between China, other major markets and ICIEC Member States in support of sustainable development in line with ICIEC’s eligibility criteria.

 

Distributed by APO Group on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

 

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