Groupe Mon Loisir - Port Louis, Mauritius

Since its inception, the Groupe Mon Loisir (GML) has experienced an exponential growth. Spearheaded by two family holdings belonging to the Lagesse family (Mon Loisir Compagnie Ltée and Compagnie d’Investissement et de Développement Limitée -CIDL), the group comprises of companies engaged in various sectors of the economy and having a strong foothold in the Indian Ocean region.
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GML's dynamism and responsiveness have enabled itself to play a key role in regional development, merging the benefits of a country with a booming economy with partners of choice, like the Belgian brewery Unibra and recently, Actis, a British private equity investor.
Services
Globally, the Services sector suffered as well from the effects of the world economic crisis which began at the end of  

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2008.
So, besides the economic crisis, which struck quite hard our main markets, the Mauritian tourist industry was also affected by the appreciation of the rupee compared to main currencies but also by the discounted prices applied on the local market.
However, the Government's " Economic Restructuring and Competitiveness Program " (ERCP) announced some measures to revitalize this sector, mainstay of the Mauritian economy. Thus, over 5 years, MUR 1.5 billions will be freed to promote the destination and the Government will pursue its efforts to make Mauritius a "Tax Free " island and a shopping paradise.
As for the Financial services sector, it has known a 4.9 % growth in 2009 and should know a slightly superior growth in 2010. This sector benefits from important foreign direct investments with, for example, a significant FDI of MUR 2 billions recorded during June 2010. So, in spite of some difficulties, this sector remains a growing sector.