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"Harnessing the potential of AI and new technological advancements will enable Mauritius to continue being a jurisdiction of choice within Africa, leading the way in the fintech landscape"

Ocorian regional CEO Richard Arlove to deliver talk, 'Mauritius: crafting the right environment for AI in Africa' at World Artificial Intelligence (AI) Show, Mauritius

26 Nov 2018

Ocorian's regional CEO for Africa, Middle East and Asia will figure amongst the speakers lined up at the World AI Show scheduled on 28th and 29th November at the Intercontinental Resort in Mauritius.

This initiative is organised by the Mauritian Ministry of Technology, Communication and Innovation, in collaboration with the Economic Development Board of Mauritius and global business events and consulting firm, Trescon.

The World AI Show is a business-focussed, thought-leadership driven initiative that aims to connect AI experts and innovators, technology specialists, data scientists, government officials, companies, start-ups, investors, researchers and academicians under one roof. As part of a world tour, the AI Show is scheduled to touch down in Amsterdam, Mumbai, Mauritius, Nairobi, Dubai and Singapore.

Why Mauritius?

The rationale for this initiative is to sensitise and educate decision makers and executives of the public and private sectors on the strategic importance of AI for the benefit of the Mauritian economy. As spelt out in its Budget Speech of 2018/2019, the Government of Mauritius is actively supporting the adoption of AI and fourth generation technologies. This is a key part of its vision to promote a new breed of entrepreneur that will help the country rise to the league of high-income economies. It also aims to transform Mauritius into an attractive destination for key players in AI by crafting the right regulatory environment.

Africa's FinTech hub

In the area of financial services, a Fintech Committee has been been set up to look at new sets of regulations for the initial offering and custody of digital assets. A National Regulatory Sandbox Licence Committee is also being established to facilitate a 'sandbox' for the early development of new innovation-driven activities. The Mauritius Government has also announced the creation of an Artificial Intelligence Council and a Working Group has already been set up to that effect. The mission of the Council will be to create the legal framework for AI and to come up with incentives for attracting technology start-ups and entrepreneurs.

Loretta Joseph, Global Blockchain Directorate Leader, OECD, and consultant to the Financial Services Commission of Mauritius commented: “Fintech enabled services have the power to benefit the whole jurisdiction”.

Harnessing the potential of AI and new technological advancements will enable Mauritius to continue being a jurisdiction of choice within Africa, leading the way in the fintech landscape,” says Richard Arlove.    

Richard Arlove is to deliver his speech on the theme “Mauritius: crafting the right environment for AI in Africa” to an expected audience of over 500 technology experts, start-up entrepreneurs, investors, academicians and government officials from a wide spectrum of countries.

Ocorian Mauritius will be a Gold Sponsor of the event and will have several delegates attending which are listed below.