Omnicane Prepares to Launch an Gems Exchange in Freeport

9 years, 6 months ago - December 07, 2012
The former sugar group, now Omnicane, embarks on an entirely new adventure. She is preparing to launch an exchange of precious stones and is waiting for the amendments of the legal framework to get started.

This trading platform will be located in an area free port that the group will develop near Plaisance airport, on land owned freehold.

The project aims mainly trade in these products between Africa and Asia. The platform will be under customs control. Services will be provided in partnership with operators who have a reputation in this field.

The main factors put forward by Omnicane to support the platform of exchanges are multiple facilities air access to Europe, Asia, Middle East and Africa hubs, telecommunications infrastructure, lack exchange control. But the bilingualism of the population, an increasing number of agreements to avoid double taxation and Investment Promotion and Protection Agreements signed an enabling environment for business.

There is also talk of a judicial system combining common law and civil law. Besides the country has ever figured on the blacklist of the Organization for Economic Cooperation and Development.

Among other arguments to promote this platform gurent fiscal regime also quite low and the facilities granted to companies for operations in areas of Freeport.

The five leading exporters of precious stones in Africa are Tanzania, South Africa, Zambia, Madagascar and Kenya. They alone represent almost 99% of these exports. As major importers of precious stones from Africa, they are India, the United States, China, Hong Kong and Thailand for a value of $ 130 million.

Omnicane has already had discussions with Brinks, a major player in the convoy of precious stones, and operators in the trade and exchange of diamonds in Antwerp, Belgium. A meeting with professional platform Indian Mumbai is also scheduled to be in Mauritius or India.

Omnicane, which has already presented its project to the government is waiting for certain amendments to be made to the legislation on the free port in order to realize this project.

Because, according to Jacques Unienville, Chief Executive Officer of Omnicane this draft platform for the exchange of precious stones and precious metals "is in the right fi the economic strategy of the government." 

Text by lexpress.mu

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