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AfricaMoney | November 23, 2014

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Heavyweight help: India to lend Mauritius USD 200 mn for its light metro project

November 20, 2014 | At a ceremony organised for the commemoration of the first arrival of the indentured labourers to Mauritius, Prime Minister Navin Ramgoolam confirmed receipt of a letter from India to provide USD 200 million (approximately MUR 6.41 billion) to make this project a reality. (Image: Asunews) ...
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Mauritius & Seychelles aim for a bigger share of the Indian Ocean bunker market

November 19, 2014 | Besides the longer-term plans to increase storage capacity near the port in a joint venture with Mangalore Refinery and Petrochemicals Ltd (MRPL), the Mauritian government plans to operate a floating storage facility to attract more bunkering business. (Image: Officer of the Watch) ...
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Mauritius: African Development Bank to give Rs 57 mn in regional integration push

November 19, 2014 | The sizeable grant reflects the growing recognition by international development partners that Mauritius has a crucial role to play in Africa by sharing its experience and knowledge through skill and technology transfers between the island economy and the African continent. (Image: AfDB)Read More

Maurice Ile Durable: Mauritian firms take sustainable development to new highs

November 19, 2014 | For this year`s Mauritius-Reunion sustainable development meeting, 250 companies from Reunion Island and 60 from Mauritius were present. (Image: Company) Multiple developments have taken place recently in the island economy on sustainable growth, as Mauritian companies attend su...
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Mauritius government to hire independent arbitrator to address sugar labour issues

November 19, 2014 | Even as sugar workers have gone on strike since morning, MSPA members informed labour minister Shakeel Mohamed that they are unable to increase their offer further, which has already escalated from their initial position of a 8.5% salary increase, to 11% hike in pay, and an increase of seve...
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RBI governor says India’s central bank can learn much from Bank of Mauritius

November 18, 2014 | The Reserve Bank of India (RBI) governor, Dr Raghuram Rajan, spoke on how there are no easy ways to growth and countries must 'bite the bullet' by embracing necessary structural reforms. (Image: Marie-Lorry Coret) At 51, Dr Raghuram Rajan is one of the youngest governors ever to ...
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India’s FTIL signs pact to sell Mauritius-based Bourse Africa for MUR 1.3 bn

November 18, 2014 | FTIL has been exiting the exchange business after commodity markets regulator Forward Markets Commission (FMC) in December last year declared it to be unfit to run any exchanges in view of the NSEL payment crisis. (Image: Live Mint) Financial Technologies (India) Ltd (FTIL) has ...
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IBL’s Aviation Training Academy awards certificates to its first batch of students

November 18, 2014 | Within the framework of the first graduation ceremony, the students were honoured for completing different courses, each dedicated to specialised jobs at the airport, namely: Airline Passenger Service, Airport Ramp, Air Cargo and Airport Operations. (Image: Company) Mauritian con...
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