MIFC: The Sole “Established Domicile” and Premier Destination for Fund Domiciliation in Africa
The Mauritius International Financial Centre has solidified it’s position as the definitive leader in fund domiciliation across Africa. The recognition is highlighted in the “Study on Africa as a Jurisdiction for Domiciliation of Investment Vehicles”, commissioned by the Mastercard Foundation and conducted by a consortium of renowned international finance and legal experts. The report, released on 4 December 2024, evaluated 13 African jurisdictions and underscores Mauritius’ unparalleled strengths in the sector.
Mauritius has been ranked as the only African jurisdiction to achieve the coveted status of an “Established Domicile”. Leveraging a well-defined evaluation framework, the report identifies Mauritius as Africa’s
top-performing financial hub across four categories: Regulatory Framework Oversight & Enforcement, Judiciary Framework, Operational Efficiency and Enabling Environment. Based on the report, the MIFC outperformed all other jurisdictions in each category, “symbolising stability, reliability, a trusted environment for international investors, and a strong role model for other African jurisdictions”.
With 60% of African-focused funds currently domiciled outside the continent, the report underlines the pressing need for a systemic transformation in Africa’s investment landscape. It highlights challenges faced by other African jurisdictions, including limited access to capital and underdeveloped financial services ecosystems. In contrast, Mauritius emerges as a key player in financing entrepreneurship and fostering high-quality job creation, particularly for Africa’s youth.
The Executive Summary of the report is accessible on https://t.ly/YodSH