Africa-Press – Mauritius. The concept of Alternative Investment was at the fore of the 8th Africa Environmental, Social and Governance (ESG) and 7th Annual Africa Investment Funds and Asset Management (AIFAM) forum, launched in presence of the Minister of Financial Services and Good Governance, Mr Mahen Kumar Seeruttun, this morning at the Hilton Mauritius Resort & Spa in Flic-en-Flac.
The two-day forum focuses on the theme Enhancing long-term investment performance through sustainable investing. Some 85 representatives of the public and private sector including asset managers, pension fund administrators, investment consultants, private equity specialists, and insurance companies from Mauritius, South Africa, Kenya, and Namibia, amongst others are participating in this meeting.
In his keynote address, Minister Seeruttun highlighted that the Africa ESG and AIFAM forum is a key platform to enable discussions and exchanges as regards inclusive domestic economic developments and environmental protection. It is an opportunity for participants to reflect on future investment concerning ESG impacts and also enhance the visibility of Africa as having an attractive investment climate, he indicated.
“Economies need to invest in capacity-building programmes that will further encourage new and alternative investments”, he said. Thus, investors should be conscious of the impact of investments on climate change and take into consideration ESG to come up with sustainable projects, he added.
Speaking on the theme, the Minister pointed out that it is in line with the need to reinforce global discussion about the imminent challenges of COVID-19 pandemic and climate change. Government, he underlined, has solidified its commitment to making Mauritius a climate-change resilient and low emission country by adopting the Climate Change Act 2020.
Various initiatives such as the Mauritius 2050 Pathways Calculator to implement long-term energy strategies; the framework for sustainable and climate bonds and setting up of the Climate Change Centre by the Bank of Mauritius, and the Green Bond Framework for private issuers by the Financial Services Commission, have been put in place.
Minister Seeruttun stated that Mauritius has a key role in inducing investment opportunities for the region. To this end, he stressed that the Ministry is committed to create a conducive environment for private-sector participation in the economic development, especially within the ESG framework.
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