PORT LOUIS, Mauritius, August 12, 2026/APO Group/ –Mauritius must mobilise development financing at scale to deepen structural transformation, drive sustainable and inclusive growth, and realise its vision of becoming a high-income economy, according to the African Development Bank’s (www.AfDB.org) 2026 Country Focus Report (CFR) (https://apo-opa.co/4woGEqE) and the Bank-commissioned Mauritius Productivity Study, both released on 29 July 2026.

 

The CFR, titled Mobilising Mauritius’ Development Financing at Scale in a Fragmented World, reviews the country’s recent macroeconomic performance and outlook, quantifies its development financing gap, and proposes reforms to strengthen financial systems in a rapidly changing global environment.

The report projects that economic growth in Mauritius will slow to 3% in 2026 before recovering to 3.8% in 2027, supported by financial services, wholesale and retail trade, and tourism on the supply side, and by household consumption on the demand side.

Key growth drivers in 2025 included financial services, wholesale and retail trade, and tourism—with tourist arrivals reaching an all-time high of 1.44 million—while final consumption expenditure was the main contributor on the demand side.

However, the report cautions that structural bottlenecks are hindering deeper economic transformation and long-term economic growth. These include labour market rigidities, skills mismatches and an ageing population; infrastructure deficits in the water and energy supply and in port logistics; and gaps in information and communications technology (ICT).

Inflation is projected to accelerate to 5.7% in 2026 — breaching the central bank’s monetary policy target range of 2-5% — due to the impact of the conflict in the Middle East, before easing to 3.9% in 2027 as global commodity prices ease.

Despite the government’s strong commitment to fiscal consolidation, public debt remains elevated, constraining fiscal space. Nevertheless, the fiscal deficit is projected to narrow to 6% of GDP in 2026 and 3.7% in 2027 on the back of growth-friendly consolidation measures, with public debt projected to fall below 80% of GDP in 2029.

In his opening remarks, Prof. Kevin Urama, Chief Economist and Vice President for Economic Governance and Knowledge Management, said: “By adopting good practices in domestic revenue mobilisation, improving efficiency in public expenditure planning, public finance and debt management, mobilising investment from Africa’s institutional investors, the African diaspora and high-net-worth individuals, and addressing informality, the continent can mobilise capital at scale to finance its development.”

In her welcoming remarks, Moono Mupotola, the Bank’s Deputy Director General for Southern Africa and Country Manager for Mauritius, said the Country Focus Report and the Mauritius Productivity Study are more than analytical publications: together, they provide an evidence-based roadmap for strengthening Mauritius’ resilience, enhancing productivity, and mobilising the resources needed to achieve the country’s long-term development ambitions.

“The recommendations presented are a call for collective action. Real progress will require continued collaboration between the public and private sectors, development partners, academia, civil society, and financial institutions to translate these ideas into concrete reforms, investments, and lasting results. By building on its strong institutional foundations and embracing the reforms outlined in these studies, Mauritius is well positioned to strengthen its competitiveness and secure economic transformation,” Mupotola said.

The Bank also presented the key findings of the Mauritius Productivity Study, commissioned to inform the preparation of the Mauritius Vision 2050 and the Ten-Year National Development Plan. The study assesses the causes of productivity slowdown and challenges hindering deeper structural transformation, and how to boost digitalisation, Industry 4.0 adoption and competitiveness. It identifies emerging growth pillars, including the ocean economy, the digital and knowledge economy, the circular economy, and the creative and cultural industries.

The Mauritius CFR 2026 report (https://apo-opa.co/4woGEqE) was presented by Wolassa Kumo, African Development Bank’s Principal Country Economist for Mauritius. Taruna Ramessur, Consultant and Associate Professor at the University of Mauritius, presented the key findings of the Mauritius Productivity Study.

The virtual launch brought together senior officials from the Ministry of Finance, other government officials, development partners, private sector representatives, civil society, and senior officials from the Bank Group. They offered strategic insights on both reports.

Jamiil Jeetoo, UNDP National Economist for Mauritius and Seychelles, stressed that development finance should be assessed not only by the volume mobilised, but by the productivity and resilience it generates.

JOHANNESBURG, South Africa, August 12, 2026/APO Group/ –South Africa’s Department of Trade, Industry and Competition (the dtic), Standard Bank, MTN, and DHL (www.DHL.com) have announced a series of strategic partnerships aimed at helping SMEs across Sub-Saharan Africa scale their businesses, access new markets and participate more effectively in regional and global trade.

 

Launched under the banner of DHL’s GoTrade, this series of initiatives are aimed at helping African businesses overcome some of the most common barriers to growth, including limited access to finance, export readiness challenges, digital adoption gaps and market access constraints.

Since 2021, GoTrade has launched in more than 50 countries, supporting more than 24,000 SMEs globally, including more than 8,000 women-owned businesses. Across Sub-Saharan Africa specifically, more than 8,000 SMEs have participated in GoTrade programmes and capacity-building initiatives. DHL will be investing 300 million Euro on the African continent by 2030, as part of this investment the company will continue investing programs that extend participation in trade and support sustainable growth.

“Across Sub-Saharan Africa (SSA), SMEs represent more than 90% of businesses and provide approximately 70% of employment, making them one of the continent’s most important engines of economic opportunity and inclusive growth. Despite their significance, many of our entrepreneurs continue to face barriers related to financing, digital adoption, trade knowledge and market access, limiting their ability to participate fully in regional and global trade.

We are excited to work with our partners to create a collaborative ecosystem aimed at addressing these challenges through practical interventions that support businesses at every stage of their export journey,” said Hennie Heymans, CEO DHL Express SSA.

The partnerships announced bring together complementary expertise from government, financial services, telecommunications and international logistics to create a practical support ecosystem for businesses looking to grow through trade.

The partnership between the dtic and DHL supports the department’s broader objectives around industrialisation, export growth and emerging exporter development. The collaboration will focus on trade education, capacity-building programmes, business clinics, trade missions, corridor activation initiatives and increased awareness of key trade frameworks, including the African Continental Free Trade Area (AfCFTA) and other trade agreements that create new opportunities for African businesses.

“This partnership between the dtic and DHL demonstrates the power of collaboration in advancing trade and economic development,” said Acting Deputy Director-General Willem van der Spuy. “By working together with private-sector partners, we can provide businesses with practical support that enhances competitiveness, drives export participation and enables more emerging exporters (especially SMEs) to benefit from regional and global trade opportunities. Government’s role is to convene the right partners around a common framework, and this initiative reflects exactly that: the dtic setting the direction, with DHL and its partners Standard Bank and MTN strengthening delivery on the ground.”

Through its partnership with DHL, Standard Bank will bring its pan-African footprint, trade-finance expertise and cross-border trade ecosystem to help SMEs access new markets and participate more effectively in regional and global value chains. Standard Bank’s role in the partnership is to help SMEs translate export ambition into bankable, executable trade opportunities by combining finance, advisory support and access to trusted trade networks. In addition to banking and trade-finance solutions, the bank will connect businesses to its Export Readiness Programme, which provides entrepreneurs with the knowledge, advisory support and practical tools needed to compete internationally. First launched in KwaZulu-Natal in 2025, the programme has since expanded to Gauteng and the Western Cape.

Standard Bank’s strategic partnership with the Industrial and Commercial Bank of China (ICBC) also enables business matchmaking, trade linkages and market-access opportunities between African and Chinese businesses. In 2025, the bank connected clients from four African markets with Chinese importers across product categories including rooibos tea, coffee, cocoa, nuts and wine, helping to unlock meaningful new export opportunities for African businesses.  Standard Bank’s trade and payments capabilities also help SMEs navigate one of the most complex aspects of international expansion: moving money safely, efficiently and across borders. By combining banking infrastructure with trade expertise and partner networks, the bank is helping African businesses participate in global trade with greater confidence.

“Access to finance alone is not enough. SMEs also need access to buyers, markets, trade knowledge and trusted networks. Through our Export Readiness Programme, our international partnerships and our collaboration with DHL, Standard Bank is helping African businesses build the practical capabilities and connections they need to trade beyond their domestic markets. This partnership strengthens our ability to support SMEs across key trade corridors, including within Africa, and to help them grow with greater confidence,” says Bill Blackie, Chief Executive of Business & Commercial Banking at Standard Bank Group.

Through its collaboration with DHL, MTN will help SMEs digitise and grow their operations by providing digital skills training, access to connectivity and cloud solutions that enable secure data storage, team collaboration, remote working and business scalability, digital payment capabilities, online marketing support. The partnership will also provide SMEs with mentorship opportunities, and guidance on expanding into new markets through exporting.

“Digital transformation is a critical enabler of business growth and competitiveness,” said David Behr, MTN Group Chief Enterprise Business Officer. “By combining MTN’s reach and digital capabilities with DHL’s international trade expertise, we can help SMEs embrace technology, improve business performance and access new opportunities across Africa and beyond.”

Together, the partners aim to create a stronger pipeline of export-ready businesses equipped to compete in increasingly interconnected markets. The collaborative initiatives are expected to support entrepreneurship, job creation and economic inclusion across African markets.

“African SMEs have the ambition and innovation needed to compete globally, but they cannot do it alone. Success in international trade requires access to the right combination of knowledge, finance, technology, policy support and logistics capability. By bringing together the strengths of the public and private sectors, we are creating an ecosystem that will help more businesses become export-ready, connect to international markets and contribute meaningfully to Africa’s economic growth agenda. Our ambition is not only to help SMEs trade more, but to help them grow sustainably, create jobs and unlock new opportunities across the continent,” added Heymans.