Business updates

A 10-Year Master Plan for the SME Sector which aims to be a key driving force for the country has just been finalised.

Commissioned by the Ministry of Business, Enterprise and Cooperatives, the Master Plan provides for recommendations to achieve targets, including: raising SME's contribution to GDP from 40 to 52 per cent by 2026; raising SMEs' share of national employment from 55 to 64 per cent; increasing current exports from less than 3 to about 18 per cent; increasing the value addition from MUR 175 billion to 388 billion.

According to the Master Plan, "a large chunk of the additional contribution to national output will come from increased export business, higher productivity and a greater participation of entrepreneurs in high value activities such as healthcare, bio-farming, green energies, ICT and a range of knowledge and technology-intensive businesses".

More information about further developments will be communicated subsequently.