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AfricaMoney | February 8, 2016

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Bank of Mauritius survey shows net foreign assets at Rs 152.1 bn for week ending Jan 15.

January 26, 2016 | Estimated net foreign assets for the week ended 15 January 2015 stood at Rs 152.1 billion in Mauritius, said the central bank’s weekly survey, and concerning the monetary base of Rs 75.3 billion, it comprised Rs 30.4 billion for currency in circulation, Rs 44.8 billion for liabilities to o...
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African Heads of State to meet in Egypt to reinforce their commitment to promoting regional investment and trade

January 25, 2016 | On the weekend of the 20th and 21st February Egypt will be hosting Africa 2016, the first international business and investment forum of its kind, an Africa to Africa investment forum aimed at strengthening business ties within Africa, both at a business and presidential level. The programme...
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Mauritius’ November trade deficit up 1.3% y-on-y to Rs 7.8 bn upon lower export level.

January 22, 2016 | Mauritius trade deficit rose in November 2015 by 1.3% on a year-on-year basis as exports level was lower upon lower exportation over machinery and transport items, whose quantum dipped by a whopping 171.2% on a yearly basis; and, on a monthly basis as well, trade deficit widened by 22.3% wit...
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Tadvest limited an investment holding company to be listed on the official market of the SEM.

January 21, 2016 | The stock exchange of Mauritius has approved the listing of Tadvest Limited (“Tadvest” on the ) Stock Exchange of Mauritius Ltd (“SEM”) to list up  to 60,000,000 ordinary shares of Tadvest on the Official Market of the SEM. The firm will list 15,196,030 ordinary shares at an indicat...
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Mauritius leads investment flows into Zimbabwe accounting for $4, 56 billion.

January 20, 2016 | Mauritius is the largest source of investment flows accounting for $4, 56 billion while the British Virgin Islands is on sixth at $760, 54 million, with the two making up the top 10 of source countries for investment since 2009 . Mauritius combines the traditional advantages of being an offs...
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ENL land and ENL Investments amalgamation approved by shareholders; opening the doors to a new era of growth and development

January 19, 2016 | ENL land and ENL Investments amalgamation approved by shareholders, therefore, opening the doors to a new era of growth and development. The Amalgamation will generate a new dynamism which is expected to enhance shareholder value. It will bring a diversified set of businesse...
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LUX Resorts & Hotels signs agreement with Turkish conglomerate MYC Partners for a 5-star hotel and a residential project in Turkey.

January 18, 2016 | LUX Island Resorts Hotels signed a management contract with MYC partners, leading Turkish conglomerate, for a mixed-use real estate project in the city Bodrum, a tourism center and resort in Turkey. The project will include a 5 star hotel with 60 rooms and 75 luxury residences, of which 25 w...
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MCB Capital Markets to launch the first India Sovereign Bond ETF on the Stock Exchange of Mauritius.

January 15, 2016 | MCB Capital Markets in partnership with Zyfin Holdings Pte. Limited (ZyFin), to launch MCB India Sovereign Bond Exchange Traded Fund, the very first Mauritius-based fixed income ETF. The ETF will be listed on the Stock Exchange of Mauritius with Indian sovereign bonds (G-Secs),subject to reg...
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