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Port Louis is the largest city and capital of the small island nation Mauritius, which is located in the southwest Indian Ocean. The city had a population of 148,416 people in 2010. Port Louis, located on the northwest coast of the main island, is an important financial services center and tourist destination. Due to tourism and a manufacturing economy based around the port, which includes the production of chemicals, textiles, plastics, and pharmaceuticals, Port Louis is one of the most prosperous African cities.
The history of Port Louis goes back to its founding and settling in the 17th century by Dutch mariners who named it Noordt Wester Haven. In 1736 the French took control of the island and renamed the city after French King Louis XV. The French used Port Louis as a port of call for ships that, on their passage between Asia and Europe, needed to go around the Cape of Good Hope inSouth Africa. The island was also used for sugar production. Enslaved people, imported from Madagascar, were summoned to work on the sugar plantations.
Local governance of Port Louis is overseen by a municipal council. The City Council of Port Louis was first established in 1830 and is currently one of five municipal councils responsible for the urban areas in Mauritius, as organized under Local Government Act 2011. Twenty-four councillors are elected democratically to administer the council. Councillors then elect a Lord Mayor and a Deputy Lord Mayor. Functions of the council are performed through Departments of Administration, Finance, Land Use and Planning, Public Infrastructure, Public Health, Welfare, Parks and Gardens, and City Library. Services delivered by the local government include pre-school, kindergarten, and vocational schools, health protection, housing regulation, some road services, refuse collection, cemeteries, some environmental and consumer protection services, and economic promotion activities. Other services are provided to the city by the central government. These include police services through the Mauritius Police Force, which maintains two divisions responsible for the Port Louis area (Metropolitan Divisions North and South). There is also a specific Port Police, composed of the Harbour Police and Bulk Sugar Terminal Police. Their roles include providing security to cargo and facilities in the port area and enforcing laws related to harbor regulations, customs, quarantine, immigration, and drug trafficking.
The economy is dominated by its port, which handles Mauritius' international trade. The port was founded by the French who preferred Port Louis as the City is shielded by the Port Louis/Moka mountain range. Manufacturing is dominated by clothing and textiles, but also includes chemicals, plastics, and pharmaceuticals. Tourism is also important. The development of the Caudan Waterfront, central to Port Louis, with shopping and cinema facilities, appeals to tourists visiting the city. Port Louis is home to the biggest port facility in the Indian Ocean region and one of Africa’s major financial centers
Port Louis is the second most important financial center in Africa after Johannesburg. It is the city with the highest per capita income in Africa.
Finance industry
Port Louis is the financial center of Mauritius, which has established itself as safe and trusted location for conducting business due to its strong democracy, political stability, and multilingual population. Located in Port Louis is the Stock Exchange of Mauritius. Also in Port Louis are over ten commercial banks that serve both domestic and offshore clients, insurance companies, pension funds, mutual funds, leasing companies, and foreign exchange dealers. The oldest bank based in Port Louis is the Mauritius Commercial Bank, which was founded in 1838. The Bank of Mauritius is the central bank of the country. The Bank of Mauritius Tower is the tallest building in the country, Measuring 124 m (407 ft) from ground level.
Policies designed to upgrade infrastructure, support research, development, and innovation, advance public-sector efficiency, and further improve the business environment are deemed key to boosting productivity, according to a new World Bank report.
Construction for the light rail transit transport system began in the Fall of 2017, with the government of Mauritius awarding the contract to Mumbai-based design and construction firm of Larsen & Toubro. The Mauritius Metro Express is expected to link Port Louis to Rose Hill by September 2019 and the line will be extended until Curepipe by September 2021.