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AfricaMoney | March 29, 2015

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Mauritius promises ‘full cooperation’ with Indian authorities on tax treaty issues

March 26, 2015 | Despite several rounds of official talks between the two sides about changes in the India-Mauritius Double Taxation Avoidance Agreement (DTAA), the discussions have been hanging fire for a long time, but appear to be on track now, with commitments on both sides at the highest levels to bring...
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Mauritius Employers’ Federation & Joint Economic Council to merge for SME focus

March 25, 2015 | Left to right: Ahmed Parkar, President of the Joint Economic Council, and Vincent d’Arifat, the President of the Mauritius Employer’s Federation (MEF), shake hands over the announcement of the merger between the two bodies. (Image: ION News) The Mauritius Employers' Federati...
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Gaming major Lottotech’s shares tumble as govt tightens rules in Budget 2015

March 25, 2015 | A ban on scratch cards games announced under Budget 2015 on Monday, March 23, to take place with immediate effect, has led to a 9.9% fall in the shares of Lottotech on Tuesday, March 24 on the Stock Exchange of Mauritius, followed today by a further fall of 7.25% to take the value of shares...
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Mauritian economist skeptical of growth and investment plans under Budget 2015

March 25, 2015 | Pierre Dinan raised a series of questions on the ways in which the government intends to realise the grand socio-economic ambitions laid out by Minister of Finance. (Image: Kashish Jadoo) Renowned Mauritian economist Pierre Dinan raised a series of questions on the ways in whic...
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Bank of Mauritius warns public against MasterCard Awards 2015 phishing email

March 25, 2015 | The Mauritius central bank and the Financial Services Commission have warned the public against a phishing email entitled ‘MasterCard Awards 2015' that purports to be from a certain Ms Mercy Hunt, who states that the beneficiary is one of 60 select individuals who have presumably won USD 1...
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Banks in Mauritius approve Rs 4.55 bn credit under SME financing scheme

March 25, 2015 | The MCB and SBM were the banks favoured by Small and Medium Enterprises, with the former accepting 1607 applications to the tune of Rs 2.3 billion, representing a 52.5% share, while the latter accepted 850 application for an amount of Rs 836.7 million. (Image:negosentro.com) The ...
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CIEL’s Aquarelle set to invest INR 1 bn to expand manufacturing operations in India

March 24, 2015 | The company currently has the capacity to produce 3.5 million shirts per year and plans to double capacity within two years. (Image: ourstate.com) Aquarelle, which is a part of Mauritius’ leading conglomerate, the CIEL group, is planning to invest INR 1 billion (or MUR 587.83 m...
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“Where’s the wow?” says Grant Thornton for lacklustre Mauritian Budget 2015-16

March 24, 2015 | So, the million dollar question remains, in the words of Sattar Hajee Abdoula, CEO of Grant Thornton: Should we rejoice that this is a no-tax budget or have we already forked out enough through reduced purchasing power? (Image: Grant Thornton) Widely expected to set Mauritius o...
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