BOURSE AFRICA LIMITED (Bourse Africa), is the first international multi-asset class exchange from Mauritius that currently offers trading on three market segments viz., commodities, currencies and equities. Bourse Africa endeavors to provide African and International market participants with an efficient market for risk management, trading, investing and capital raising needs. The exchange offers a state-of-the-art electronic trading platform with efficient clearing and settlement systems.

The exchange, located at crossroads of Africa and Asia offers global investors the benefit of the Mauritian time zone (GMT + 4) that aligns with the market timings of Asia, Africa, Europe and United States.

The exchange is regulated by Financial Services Commission (FSC), Mauritius, the integrated regulator for the financial services sector other than banking, and global business. The FSC operates within a modern and internationally recognized legal framework to license, regulate, monitor and supervise the conduct of business activities in the non-banking financial services sector.

Bourse Africa is promoted by the Financial Technologies Group, a global leader in setting up and operating tech-centric next generation exchanges in the emerging but fast growing economies. These exchanges are complemented by the Group’s Ecosystem ventures which address opportunities around exchanges in the areas of clearing, depository, information vending and payment gateway, among others.

Bourse Africa was formerly known as Global Board of Trade (GBOT) Ltd. Bourse Africa symbolizes the larger focus of Financial Technologies Group towards Africa and the opportunities offered by the African Financial and Commodities Markets.

At Bourse Africa, we envision to be the global hub for Africa centric risk management, trading, investing and capital raising requirements. We are successfully progressing towards our vision through our market democratization initiatives that include - market education, product innovation, development of retail participation, pan African and global collaborations, state-of-the-art technology implementation that includes direct market access to clients and ensuring high level of support and service to all market participants.

Value proposition


  • New-age electronic exchange serving the global investment community
  • Efficient platform for price discovery through broad global participation
  • Central order book to ensure liquidity
  • World class collocation of Tier 3 category (Infrastructure availability of 99.982%) facility aiming at providing proximity hosting for members to access market data within a short span of time


  •  Bridge the investment interest between global investors and emerging Africa
  • Development of ‘Africa-centric’ products for investments and risk management
  • Facilitate participation of global investment community in emerging Africa’s growth story
  • Provide a highly liquid market with global participation for capital raising
  • Facilitate reputed global firms in the realm of investment banking, brokerage houses, Capital market research targeting Africa through Mauritius
  • Attract experienced financial market professionals from across the globe to create a vibrant capital market for Africa
  • Democratization of markets through pan African collaborations that will make markets more accessible


  • Market Risk Management - Equip African and global market participants with means for currency, commodity, equity and interest rate price risk management
  • Exchange Risk Management – The exchange, through its efficient clearing, settlement, reporting & pre trade margining parameters, eliminates counterparty risk


  • New age International Banking and Financial Centre
  • Strategic Time zone (GMT+4) enables the global investment community to trade vis-à-vis international markets
  • Double Taxation Avoidance Agreements with 37 nations
  • 24,000 Global Business Companies and 830 funds incorporated
  • Conducive tax regime for Corporates and no tax on dividends and capital gains
  • Conducive environment for businesses and investments in the world enabling free movement of capital
  • Transparent legal structure, good governance and regulatory framework
  • World-class ICT (Information and Communications Technology) infrastructure
  • Skilled, multi-ethnic and bilingual workforce

Mauritius International Financial Centre – The Advantage

Bourse Africa is strategically located in Mauritius – at the crossroads of Africa and Asia, thus offering global investors an ideal platform to align themselves with the trading hours of most of the world’s developed markets and fastest growing economies.

Robust Regulatory Framework

  • In addition to Capital Markets, the Financial Services Commission (FSC) also regulates and supervises the Global Business, Insurance, Pensions and other Non-Banking Financial Institutions
  • FSC Mauritius is a signatory to IOSCO Multilateral MOU and adheres to the Financial Action Task Force (FATF) recommendations
  • FSC was conferred with ‘Africa Investor’s most Innovative Capital Market Regulator of the Year’ Award on 21st September 2012
  • FSC has over 27,000 Global Business Companies and 800 funds under its purview

Conducive Tax Regime for Companies

  • Corporate tax rate of 15% for organisations incorporated as domestic companies and 3% for Global Business Companies (GBC), which is amongst the lowest in the world
    • Mauritius enjoys Double Taxation Avoidance Agreements (DTAA)with 36 nations
    • No tax on dividends and capital gains; free repatriation of profits, dividends and capital

Investment bridge between Africa and India

  • Mauritius is the largest foreign investor in India, FDI inflows to India, from April 2000 to December 2011 amounts to US$62,470.80 million which account for more than 39% of total inflow.
  • Source: Factsheet on FDI inflow to India by Government of India, Ministry of Commerce and Industry. December 2011

Transparent Legal Structure

  • Based on a combination of French Civil Law and English Common Law, the legal structure in Mauritius is one of the most transparent in the African region and a major reference for the Commonwealth countries as far as its independence is concerned.
  • Appeals to decisions of the Supreme Court of Mauritius can be made to the Judicial Committee of Privy Council (UK) which is the highest court of appeal for Mauritius.

Offshore Financial Centre

  • Mauritius is among the most business and investment friendly locations in the world enabling free movement of capital
  • Mauritius is one of the fastest growing offshore financial centres. This is further enhanced by the existing strong liberal economy in Mauritius as well as a very reputable banking system

Good Governance

  • Mauritius is ranked No.1 in the Ibrahim Index of African Governance
  • Mauritius is ranked 1st in Africa by The World Bank Doing Business Report, 2012
  • Mauritius is ranked No.1 in Africa for the Index of Economic Freedom 2013
  • Since Independence, Mauritius has had democratically elected governments

Government and Business Relationships

  • Mauritius is a member of the Common Market for Southern and Eastern Africa (COMESA), the Southern African Development Community (SADC) and the proposed Indian Ocean Rim Association. Mauritius has also adhered to The Hague Securities Convention in addition to the 36 DTAAs.

Bilingual Manpower

  • Mauritius has a large pool of skilled and multi-lingual workforce, speaking both English and French fluently as well as many Indian languages. However, English is generally accepted as the official language of Mauritius and as the language of government administration, courts and businesses.

Sophisticated ICT Infrastructure

  • Mauritius has a well-developed digital network infrastructure and offers excellent telecommunication facilities namely ADSL, ISDN, high bandwidth international leased lines and high-speed Internet access. The SAT3/WASC/SAFE (South Africa Far East) submarine fibr
  • e-optic cable links Mauritius to Europe via South Africa and to Asia via India and Malaysia – thus placing the island on the information superhighway

Strategic Location

  • Time zone at GMT+4 enables the worldwide investing community to trade, invest and hedge price risk movements vis-à-vis the Asian, European and American markets.