The economy of the Dominican Republic is the seventh largest in Latin America, and is the largest in the Caribbean and Central American region. The Dominican Republic is an upper-middle income developing country with important sectors including mining, tourism, manufacturing, energy, real estate, infrastructure, telecommunications and agriculture. The Dominican Republic is on track to achieve its goal of becoming a high-income country by 2030, and is expected to grow 79% in this decade. The country is the site of the single largest gold mine in Latin America, the Pueblo Viejo mine. Although the service sector is currently the leading employer of Dominicans, agriculture remains an important sector in terms of the domestic market and is in second place in terms of export earnings. Tourism accounts for more than $7.4 billion in annual earnings in 2019. Free-trade zone earnings and tourism are the fastest-growing export sectors. A leading growth engine in the Free-trade zone sector is the production of medical equipment for export having a value-added per employee of $20,000 USD, total revenue of $1.5 billion USD, and a growth rate of 7.7% in 2019. The medical instrument export sector represents one of the highest-value added sectors of the country's economy, a true growth engine for the country's emerging market. Remittances are an important sector of the economy, contributing $8.2 billion in 2020. Most of these funds are used to cover household expenses, such as housing, food, clothing, health care and education. Secondarily, remittances have financed businesses and productive activities. Thirdly, this combined effect has induced investment by the private sector and helps fund the public sector through its value-added tax. The combined import market including the free-trade-zones amounts to a market of $20 billion a year in 2019. The combined export sector had revenues totaling $11 billion in 2019. The consumer market is equivalent to $61 billion in 2019. An important indicator is the average commercial loan interest rate, which directs short-term investment and stimulates long-term investment in the economy. It is currently 8.30%, as of June 2021.
The economy of Mauritius is a mixed developing economy based on agriculture, exports, financial services, and tourism. Since the 1980s, the government of Mauritius has sought to diversify the country's economy beyond its dependence on just agriculture, particularly sugar production.
A real estate investment trust is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, studios, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate. REITs act as a bridge between the worlds of housing and urban development on one hand, and institutional investors and financial markets on the other. They are typically categorized into commercial REITs (C-REITs) and residential REITs (R-REITs), with the latter focusing on housing assets such as apartments and single-family homes.
Founded in 1899, the Rogers Group is a Mauritius-based listed international services and investment company with expertise in five Segments: Finance & Technology, Hospitality & Travel, Logistics, Malls, and Reals Estate & Agribusiness.
The Stock Exchange of Mauritius (SEM) ; is an organization responsible for the operation of Mauritius's primary stock exchange located at Port Louis. The SEM operates two markets: the Official Market and the Development & Enterprise Market (DEM). There are 40 companies listed on the Official Market representing a Market Capitalization of nearly US$5.3 billion, the DEM presently has 48 companies listed with a market capitalisation of nearly US$1.5 billion as at 31 July 2012. SEM is one of the leading Exchanges in Africa and a member of the World Federation of Exchanges.
State Bank of Mauritius (SBM), is a bank in Mauritius that the Bank of Mauritius, the national banking regulator, has licensed as a commercial bank.
Phoenix Beverages is the largest brewery in Mauritius. Their Phoenix Beer (lager) is widely distributed on the island and is exported to Europe, Australia, Reunion Island, Madagascar, etc. The company also has connections with the Guinness Brewery and is listed on the Stock Exchange of Mauritius. They have three plants in Mauritius, PhoenixBev Brewery Plant, PhoenixBev Carbonated Soft Drinks Plant and PhoenixBev Stills Plant. They also have a plant in Reunion Island known as Edena Boissons.
Megaworld Corporation is a real-estate company in the Philippines. It is listed on the Philippine Stock Exchange Composite Index. The company develops large-scale, mixed-use, planned communities incorporating residential, commercial, educational, and leisure components. In addition, it provides other services such as project design, construction oversight, and property management. Among its landmark projects is Forbes Town Center, a 6-hectare commercial and residential district in Fort Bonifacio, Taguig, Metro Manila. Another project by Megaworld is the 45-storey Petron Megaplaza office skyscraper, which was the tallest building in the country upon its completion in 1998. Also, last May 31, 2016, Megaworld announced that they will build two more office towers, 10-storey One Republic Plaza, and six-storey Emperador House, in Davao City. The two towers will provide an additional 30,000 sqm of office spaces for lease.
Beachcomber Resorts & Hotels is the trading name of New Mauritius Hotels Ltd, a Mauritius-based company in the hospitality industry. It owns and manages eight hotels in Mauritius, one in the Seychelles and one in Morocco. It also operates an in-flight catering business and five tour operating companies around the world.
Pelwatte Sugar Industries PLC is a Sri Lankan sugar manufacturing company, which is listed on the Colombo Stock Exchange. The main sugar factory of the group is located in Buttala in the Moneragala District, Uva Province, about 225 kilometres (140 mi) from Colombo to the east of the country. Pelwatte Sugar was incorporated on 19 February 1981 as Pelwatte Sugar Company Ltd. It became a Public Limited Liability company on 10 December 1982. In 1990, the holding company changed its name to Pelwatte Sugar Industries Ltd. It was first quoted on the Colombo Stock Exchange in 1984.
Ireland Blyth Ltd. (IBL) is the largest business group in Mauritius with a turnover in Mauritian rupees of 54.1 billion in 2023. As of 2015, it is listed on the Stock Exchange of Mauritius. It operates in Commerce, Engineering, Financial Services, Logistics, Aviation & Shipping, Retail, Seafood & Marine sectors under various names, representing over 200 brands and employs over 6,000 people
Corruption in Mauritius follows the familiar patterns of state-based corruption, namely government officials abusing their political powers for private gain in the country of Mauritius.
Jean-Raymond BoulleCOR is a Monaco-based Mauritian businessman, the founder of four publicly traded companies with deposits of nickel, cobalt, copper, zinc, titanium and diamonds.
Britam Holding PLC is a leading diversified financial services group and is listed on the Nairobi Securities Exchange. The group has presence in seven Africa countries in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi.
Zambia Sugar Plc is the largest sugar-manufacturing company in Zambia, with annual output in excess of 318,467 tonnes of crystalline sugar annually, as of November 2018. The company stock is listed on the Lusaka Stock Exchange under the symbol ZSUG.
Belvedere Management is a financial services group based in Mauritius that claims to have $16 billion of assets under administration. In March 2015, Offshore Alert described the group as a Ponzi scheme and it is currently under investigation by regulators in South Africa, Mauritius and Guernsey. The allegations remain unproven.
MCB Group Limited is a financial services holding company. Its headquarters is located in Port Louis, Mauritius, with subsidiaries and investments in Mauritius, France, India, Madagascar, Maldives, Mayotte, Mozambique, Réunion, Seychelles and South Africa.
Rwanda produces the least quantity of granular brown sugar among four of the six countries of the East African Community, namely Kenya, Rwanda, Tanzania and Uganda, accounting for about 12,000 metric tonnes annually as of August 2016. With national consumption measured at 90,000 metric tonnes annually in 2016, it is expected that by 2020, annual consumption will have reached 160,000 metric tonnes, costing over US$150 million to import.
Illovo Deal refers to the 2001 sale of large areas of agricultural land in Mauritius, with involvement of the State. In the local Mauritian press it s sometimes also known as the Ilovo Deal or Deal Ilovo.
Brown and Company PLC, sometimes called Browns Group, is a conglomerate holding company in Sri Lanka. The company was founded by James Brown, a 25-year-old engineer and mechanic from London who arrived in Ceylon in 1872. In 1892, the company was incorporated and in 1991 the company became a listed company on the Colombo Stock Exchange. The company was included in S&P Sri Lanka 20 Index in June 2021. Brown and Company is one of the LMD 100 companies, an annual list of Sri Lankan listed companies by revenue, having ranked 42nd in the 2020/21 edition.
