In the 36th edition of the Global Financial Centres Index (GFCI 36) published on 24 September 2024, Mauritius has once again demonstrated its position as an IFC of choice for the region, while making significant strides forward in FinTech.

Mauritius has climbed to the 60th position, up from 61st in March 2024 and 68th in September 2023, in the GFCI rankings and moved up 12 places in FinTech, now positioning itself in the 75th spot (March 2024: 87th). On the regional front, Mauritius maintains its 5th position in Africa (GFCI 35 – March 2024: 5th in Africa).

This progression highlights Mauritius’s strong commitment to fostering innovation in an ever-evolving market where FinTech is increasingly disrupting the way that business is being done, providing an effective tool to both consumers and businesses for weathering economic challenges across the globe.

In addition, Mauritius’s focus on enhancing regulatory frameworks, coupled with strong government support and collaboration with industry stakeholders, aligns with its broader objective to develop a robust financial sector. These efforts are integral to strengthening Mauritius’s position as a competitive player in the global financial arena.

The GFCI was first published in 2007 and is a joint publication of Z/Yen and the China Development Institute. It is a bi-annual report, published every March and September, which assesses the competitiveness of IFCs based on 5 broad areas namely: Business Environment, Human Capital, Infrastructure, Financial Sector Development and Reputation.  For the GFCI 36, a total of 133 financial centres were assessed, but the number of centres in the main index remained at 121 and the remaining are associate centres awaiting their inclusion in the main index.

To access full GFCI 36 report, please click here