Mauritius ranks 1st on 2017 Global Cybersecurity Index in Africa

Mauritius has established itself among the front runners in Africa and recently gained two places, securing 69th position globally out of 92 international financial centres. The ranking was published in the 22nd edition of the Global Financial Centres Index released in September 2017.

London retains its position as the World’s leading centre in terms of economic competitiveness followed by New York as 2nd best-performing financial centre.

Other well-established centres like Singapore, Hong Kong, Tokyo and Shanghai have maintained their respective position.

The Index published by the China Development Institute (CDI) in Shenzhen and Z/Yen Partners in London provides evaluations of competitiveness and rankings for major financial centres around the world and these quantitative measures are provided by third parties including the World Bank and The Economist Intelligence Unit.  The measurement rests on five key categories, namely business environment, human capital, infrastructure, financial sector development and reputation.

There is, however, an overall drop in confidence among some centres. Out of the top 25 centres, 23 fell in their ratings and only two moved up. At the lower end of the table, 20 of the 25 lowest-rated centres actually rose in the GFCI ratings. There is little change in the top five positions. London and New York occupying the 1st and 2nd places. Interestingly, despite the ongoing Brexit negotiations, London only lost two points, the smallest decline in the top ten centres.

Hong Kong has moved just ahead of Singapore into 3rd position with just two points ahead on a scale of 1,000. Tokyo remains 5th.  All of the Eastern European centres rose in their ratings. Cyprus, Athens, St Petersburg, and Moscow reversing some of their recent declines.