Education
Private sector institutions thrive in niche specialities
The education sector in Mauritius has shown remarkable resilience and progress in the post-COVID era, with a strong focus on strategic investments and sectoral development. According to the 2023 report by the United Nations Educational, Scientific and Cultural Organization (UNESCO), “COVID-19 has the potential to radically reshape our world, but we must not passively sit back and observe what plays out. Now is the time for public deliberation and democratic accountability.”
High achievers in the education sector include the Open University, which reported a turnover of Rs 393.4 million and a profit before tax (PBT) of Rs 163.6 million as of June 30, 2021. Similarly, Middlesex International (Mauritius) Ltd and Charles Telfair Company Ltd performed well, with turnovers of Rs 325.2 million and Rs 215.1 million, and PBTs of Rs 42.4 million and Rs 43.7 million, respectively.
The University of Mauritius (UoM), despite its significant turnover of Rs 1.2 billion, faced challenges with a loss of Rs 111 million as of June 30, 2023. Polytechnics Mauritius Ltd also faced a loss of Rs 132.4 million on a turnover of Rs 188.2 million as of June 30, 2022. These figures highlight the need for continued strategic financial management and investment and is a cry for action in reviewing the curriculum and study areas proposed to the public.
The focus on innovation is paramount. According to a 2023 report by the Economic Development Board (EDB), “innovation in service delivery is paramount to improving the quality of life for citizens and driving economic growth.” This emphasis on innovation has led to the development of online educational platforms, reducing bureaucratic delays and improving access to resources.
The Open University of Mauritius is lauded for its systematic approach in attracting ever-increasing cohorts of students. The Open University provides opportunities for life-long learning and distance learning options to make education more accessible to professionals and entrepreneurs already in activity.
Rank | Company name | Turnover 2023 (Rs/Million) | Profit before tax (Rs/Million) | Financial year |
---|---|---|---|---|
1 | University of Mauritius | 1,200,000,000 | (111,000,000) | 30/06/2023 |
2 | Open University | 393,359,990 | 163,562,516 | 30/06/2021 |
3 | Middlesex International (Mauritius) Ltd | 325,170,287 | 42,384,455 | 31/07/2023 |
4 | Charles Telfair Company Ltd | 215,097,167 | 43,725,423 | 30/06/2023 |
5 | Maragadham Education Ltd | 197,369,985 | 23,846,281 | 31/12/2022 |