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AfricaMoney | July 30, 2015

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Mauritian management services firm Cim Global ‘new recruits to give international edge

July 28, 2015 | Mauritius-based management services firm Cim Global has welcomed three new recruits to its Business Development and Marketing team, with the aim of increasing its global reach and strengthening its international profile, while diversifying its target markets. Mauritius-based Cim ...
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LUX* rings in Laughter Festival 2015 with French humourist Elie Semoun

July 28, 2015 | LUX* joins hands to celebrate the Laughter Festival for the third consecutive year, with famous French humourist Elie Semoun together with other artists in the Indian Ocean, in order to demonstrate the group's commitment towards promoting local artistic talent and island culture. ...
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Holcim in Mauritius to remain independent and will not merge with Lafarge

July 27, 2015 | Holcim (Mauritius) has issued a communiqué to clarify a misunderstanding that has arisen in the market,announcing to the public that the company is independent from LafargeHolcim on the cem...
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MCB recalls 1500 cards upon detection of skimming devices in two ATMs in Port Louis

July 27, 2015 | Mauritius’ largest bank, the MCB, detected fraudulent devices placed on two ATMs in Port Louis last Wednesday, 22 July 2015, following which the bank immediately took steps to block 1500 customers’ cards as a safety meas...
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MCB share value rises to 2015 high of Rs 218; pulls up Stock Exchange of Mauritius

July 27, 2015 | The Stock Exchange of Mauritius ended the week on a positive note with the Semdex and the Sem-10 index gaining 0.2% and 0.6% to hit 1953.78 points and 373.49 points respectively for the trading week ended July 24, 2015, upon positive performance by banking major MCBG which hit an annual reco...
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Mauritius’ May trade deficit up 39.9% y-on-y to Rs 7.5 bn as imports rise outstrips exports

July 24, 2015 | Mauritius trade deficit rose in May 2015 by 39.9% on a year-on-year basis as imports zoomed up on rising expenditure over machinery and transport items, whose quantum rose a whopping 51.6% on a yearly basis; and, on a monthly basis as well, trade deficit widened by 21.1% with Machinery and transp...
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Mauritius launches E-boats under Project Zereau to protect the environment

July 24, 2015 | Mauritius has launched E-Boats, essentially electric boats, that are powered by energy partly generated by photovoltaic panels, to ensure a greener island as well as guarantee cost effectiveness for boat operators, while passengers are also warranted a bette...
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The Expert Explains: How Mauritius ended up on EU’s international tax haven blacklist

July 24, 2015 | Suddenly last month, Mauritius found itself in the limelight for all the wrong reasons as it featured on the EU blacklist for international tax havens. After the initial consternation, people are now beginning to scratch their heads and ask themselves:‘How...
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