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    CNBC Africa to launch Mauritius bureau

    CNBC Africa, Africa's business television news channel, will launch its eleventh African bureau in Mauritius next month as it continues to widen its African reporting footprint.
    CNBC Africa to launch Mauritius bureau

    The launch will take place in the Mauritian capital city of Port Louis on 11 July 2013 and will be attended by key Mauritian government and business leaders who will discuss the country's investment prospects in an hour-long panel discussion to be broadcast on CNBC Africa in July.

    Africa's 'miracle economy', which has undergone a transformation from dependence on sugar exports to the export of services such as tourism, financial services and information technology in one generation, is starting to look vulnerable in face of the relentless European financial crisis.

    So while the economy has held up well against the persistent global economic turbulence, its growth momentum has eased, with the real GDP growth rate estimated at 3.3% in 2012 down from 3.8% in 2011. Forecasts for 2013 and 2014 show a gradual recovery with the growth rate rising to 3.8% and 4.2% respectively.

    "Mauritius is an important addition to our coverage map given the country's economic performance in the past few years and its role in attracting investment to Africa as well as its strong reformist agenda," said Godfrey Mutizwa, CNBC Africa's chief editor. "From Mauritius, we hope to follow the east Asia money that we have seen coming into the continent as well as the country's efforts to maintain its remarkable economic advance."

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