Investment
Investment at a glance
The MIC wasan active investor. It aimedto deliver sustainable value over the long term. The investment philosophy of the MIC included, inter alia:
- Financial assistance to companies affected by the COVID-19 pandemic;
- Investment of assets under its management to support higher long-term growth and secure basic necessities;
- Support for the economic development of Mauritius;
- Securing and enhancing financial wealth for current and future Mauritian generations; and
- Financing of green and blue projects that encouragedsustainable development.
Worlds of innovation
The MIC had established three investment portfolios, including one for future generations. Projects under this portfolio covered, among others, funding for innovation driven projects. Such funding was intended to encourage firms to continue investing in innovation-driven activities.
Strategy is the key
The MIC, is a public interest entity(‘’PIE’’),as defined by the provisions of the Mauritian Financial Reporting Act 2004. It recognizes that adherence to good corporate governance practices is crucial for the Company’s success and its ability to deliver on its long term strategy.
The Management and the Board are working towards strengthening corporate governance and restoring stakeholder confidence with a renewed emphasis on integrity, accountability and transparency throughout the Company. The primary role of the Board is to ensure that asset management and monitoring a reconducted in line with legal provisions and best practices.
