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Mauritius unveils five-year fintech strategy to accelerate digital finance growth

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Mauritius unveils five-year fintech strategy to accelerate digital finance growth

Mauritius has launched its National Fintech Strategy 2026–2030, a five-year roadmap aimed at accelerating the growth of digital finance, strengthening financial inclusion, and positioning the island nation as a leading fintech hub in Africa.

Developed by the Ministry of Financial Services and Economic Planning in collaboration with the United Nations Economic Commission for Africa, the strategy outlines a comprehensive framework focused on six core pillars: regulation and innovation, digital infrastructure and cybersecurity, skills development, market expansion, international cooperation, and consumer protection.

The roadmap sets ambitious targets, including faster licensing approval processes, wider adoption of digital onboarding, stronger digital infrastructure, and the training of more than 5,000 professionals annually in specialised fintech skills.

Government officials said the strategy reflects the growing influence of digital technologies across the financial services sector, particularly in areas such as digital payments, digital assets, regulatory technology, and cross-border financial services.

Speaking on the initiative, Eunice Kamwendo, Director of the ECA Subregional Office for Southern Africa, said the strategy highlights how African nations can proactively shape the future of digital finance through innovation, inclusion, and strong governance.

“The launch of Mauritius’ National Fintech Strategy 2026–2030 demonstrates how African countries can build resilient digital finance ecosystems anchored on innovation, inclusion, and sound regulatory oversight,” Kamwendo said.

She noted that Mauritius is setting a strong benchmark for the region by leveraging fintech to improve competitiveness, expand access to financial services, and unlock new opportunities for entrepreneurs, innovators, and businesses.

Over the past decade, Mauritius has emerged as one of Africa’s most active jurisdictions for asset management and private equity. Its strategic location in the Indian Ocean, along key trade routes between Africa and Asia, has strengthened its appeal as an investment gateway to African markets, particularly for investors from India.

This positioning has contributed significantly to the country’s financial services growth, with Mauritius now managing more than $80 billion in assets under management and hosting over 1,000 investment funds.

With the new fintech strategy, Mauritius aims to build on this momentum by deepening digital financial innovation, strengthening investor confidence, and expanding its role as a gateway for fintech investment and cross-border financial services across Africa.

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