Mauritian Voters Hand Ramgoolam Fourth Term as Prime Minister

Navinchandra Ramgoolam, who served three terms as prime minister of Mauritius before being voted out a decade ago, reclaimed the top post after his four-party coalition won elections by a landslide.

Bloomberg
Updated13 Nov 2024, 04:38 AM IST
Mauritian Voters Hand Ramgoolam Fourth Term as Prime Minister
Mauritian Voters Hand Ramgoolam Fourth Term as Prime Minister

(Bloomberg) -- Navinchandra Ramgoolam, who served three terms as prime minister of Mauritius before being voted out a decade ago, reclaimed the top post after his four-party coalition won elections by a landslide.

Ramgoolam’s Alliance du Changement secured all the parliamentary seats in the Indian Ocean island nation’s 20 constituencies, the state-owned Mauritius Broadcasting Corp. reported. Incumbent leader Pravind Kumar Jugnauth conceded defeat on Monday after early results from the Oct. 10 vote showed his five-party Alliance Lepep coalition hemorrhaged support. 

Members of Jugnauth’s coalition got two of the four positions in the legislature that are allocated to lawmaker candidates from under-represented communities who secured the highest number of votes without directly winning a seat, according to the electoral commission. A date for the swearing in of the new premier has yet to be set. 

Ramgoolam, 77, is the son of the nation’s first post-independence leader. His alliance pledged to cut the cost of food, fuel and medicines. It also plans to raise old-age pensions, reorganize the nation’s ports, airports and national airline, and overhaul the electoral system. 

The new administration will deliver on all its promises, including removing value-added tax on necessities and ensuring the Mauritian rupee remains stable, Ramgoolam told supporters in Triolet, north of the capital, Port Louis, early Tuesday.  

“You will see that the cost of living will stop rising as it is now,” he said. 

The currency fell for a second day on Tuesday, declining as much as 1% against the dollar.

While the Mauritian economy has been booming — gross domestic product is expected to expand more than 6% annually until 2030 — there has been mounting public anger over declining living standards and allegations of government fraud and corruption. 

Jugnauth’s attempts to curb access to some social media sites following what he said was a cyberattack may have also alienated voters. 

The power shift in Mauritius comes days after the party that ruled Botswana for almost six decades was voted out of office, a backlash over the way it ran the diamond-dependent economy. A study published in July by research company Afrobarometer showed faith in democracy in both nations has plunged over the past decade.

Mauritius has seen several peaceful transfers of power since it gained independence from Britain in 1968. The country of about 1.26 million people is known for its pristine beaches and luxury tourist resorts, with visitor arrivals expected to reach 1.4 million this year. 

--With assistance from Thomas Hall and Paul Richardson.

More stories like this are available on bloomberg.com

©2024 Bloomberg L.P.

Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:13 Nov 2024, 04:38 AM IST
Business NewsNewsMauritian Voters Hand Ramgoolam Fourth Term as Prime Minister

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Adani Power share price

    566.60
    02:11 PM | 28 NOV 2024
    42.8 (8.17%)

    Indian Oil Corporation share price

    138.45
    02:10 PM | 28 NOV 2024
    -0.5 (-0.36%)

    Adani Ports & Special Economic Zone share price

    1,182.05
    02:11 PM | 28 NOV 2024
    -17.7 (-1.48%)

    Adani Enterprises share price

    2,447.30
    02:11 PM | 28 NOV 2024
    48.95 (2.04%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Karur Vysya Bank share price

    239.10
    02:01 PM | 28 NOV 2024
    9.1 (3.96%)

    Eid Parry India share price

    874.00
    01:58 PM | 28 NOV 2024
    25.65 (3.02%)

    Computer Age Management Services share price

    4,912.90
    02:01 PM | 28 NOV 2024
    56.5 (1.16%)

    Eclerx Services share price

    3,459.05
    01:57 PM | 28 NOV 2024
    -4.1 (-0.12%)
    More from 52 Week High

    Amber Enterprises India share price

    6,072.00
    02:01 PM | 28 NOV 2024
    -400.8 (-6.19%)

    Max Financial Services share price

    1,116.00
    02:02 PM | 28 NOV 2024
    -71.9 (-6.05%)

    SBI Life Insurance Company share price

    1,425.05
    02:02 PM | 28 NOV 2024
    -80.45 (-5.34%)

    HDFC Life Insurance Company share price

    648.60
    02:02 PM | 28 NOV 2024
    -32.15 (-4.72%)
    More from Top Losers

    Honasa Consumer share price

    251.55
    01:58 PM | 28 NOV 2024
    22.85 (9.99%)

    ITI share price

    299.40
    02:01 PM | 28 NOV 2024
    23.65 (8.58%)

    Adani Power share price

    566.65
    02:02 PM | 28 NOV 2024
    42.85 (8.18%)

    Ujjivan Small Finance Bank share price

    35.84
    02:02 PM | 28 NOV 2024
    2.28 (6.79%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      77,535.00290.00
      Chennai
      77,541.00290.00
      Delhi
      77,693.00290.00
      Kolkata
      77,545.00290.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      103.02/L0.10
      Chennai
      100.90/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in News

        HomeMarketsPremiumInstant LoanMint Shorts