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AfricaMoney | September 22, 2017

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Posts By africamoney

NWEC inked with FEMCOM for better women entrepreneurship development

September 1, 2014 | The agreement allows the capacity building for women entrepreneurship development through the availability of technical resources and facilitates intra COMESA trade and investment for women entrepreneurs. (Image: Government of Mauritius) A Memorandum of Understanding (MoU) was si...
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Mauritius star rises in China; wins multiple tourism awards

February 28, 2014 |

These distinctions coupled with the promotional campaign, will certainly increase Mauritius’ visibility as a tourist destination on the Chinese market in 2014 for several months. (Image: MTPA)

Mauritius will rece...
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African major Ecobank in talks to buy stake in Mozambican bank

February 26, 2014 | Ecobank brings to Mozambique international expertise, experience and an unparalleled network of subsidiaries, branches and offices across Africa. (Image: Coloribus) African banking major Ecobank confirmed yesterday that it is in discussions to acquire a 96 percent stake in the Mo...
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Merger of Mitsubishi’s Princes and Mauritian major Thon des Mascareignes?

February 26, 2014 | 1

Princes supplements its own production with tuna bought from canneries in Ecuador, Thailand and Philippines and a take-over of TDM would bring a part of this production to Mauritius. (Image: IBLMaritime)

A rumour i...
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Tariff negotiations at core of trade agreements: Mauritius ITD Director

February 26, 2014 | Assad Bhuglah, Director of Trade Policy at the International Trade Division, Mauritius, made this statement at a two day seminar which started yesterday. (Image: Intracen) “If we examine the history of GATT and the World Trade Organisation, for more than 60 y...
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Budget 2014 expertspeak: Creativity and access are key to Mauritius

November 28, 2013 | AfricaMoney spoke to Sridhar Nagarajan, CEO, Standard Chartered, Mauritius, in an hour-long interview where our financial expert took us through a one-on-one on banking, budget measures to boost the financial sector and his take on the Mauritian economy. 

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French fisheries major SAPMER opens second processing unit in Mauritius

November 25, 2013 | Mauritius’ ocean economy thrust is paying off as French fisheries major SAPMER has increased its investment in the island nation with a new tuna processing plant at Port Louis. (Image: Company website) French fisheries major SAPMER, based in Reunion Island, has dived deeper int...
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Blackouts bye-bye: Mauritius’ CT Power project to start in 2016

November 25, 2013 |

The atmosphere of the Mauritian Parliament lightened up as renewable energy minister Rashid Beebeejaun affirmed that the CT Power project is planned to be set up in 2016. (Image: Government of Mauritius) 

With the...
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Mauritius shrugs off tax haven tag: OECD says ‘largely compliant’

November 25, 2013 |

A worldwide survey by Paris-based OECD (Organization for Economic Cooperation and Development) has identified the much-maligned island economy as ‘largely compliant’ with global tax laws. (Image: Tax Justice Network)

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So…plan to go for Infotech 2013 over the weekend?

November 22, 2013 | Among the 43 exhibitors at Infotech 2013, some stalls to watch out for are Courts, Orange, Galaxy, Mauritius National ID card, Mediacall, Ishop, Elite School of Business and Finance, Radha Computers Ltd, and Fastclick. (Image: Marie-Lorry Coret) At Infotech 2013, the first thing ...
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India may regularize six higher education institutes in Mauritius soon

November 22, 2013 |

The island economy, which recently had its higher education sector taken for a ride by unauthorized off-shore campuses of Indian educational institutions, may be headed for a much-needed respite.  (Source: EIILM, Mauritius)

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India and Mauritius sign agreement on tertiary education

November 22, 2013 |

The education sector is fast emerging as an area of focus for the island economy, as Mauritius aspires to be an education and training hub in the Sub-Saharan region. (Image: Wikimedia)

In a big boost to th...
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Second chance for Mauritius’ Jin Fei economic zone?

November 21, 2013 | Once flagging, interest in the Jin Fei economic zone seems to have revived with a delegation of Chinese entrepreneurs visiting the island economy to explore investment opportunities in the ill-fated project. (Image: JICA Research Institute) Almost given up for t...
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Piracy and armed robbery affecting the global economy

November 21, 2013 |

Piracy and armed robbery at sea are not only seen as a barrier to the delivery of humanitarian aid to Somalia, but also post a real threat to the global economy, according to a report by the United Nations Security Council. (Image: boston.com)

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Budget 2014 expert speak: “Don’t put all eggs in African basket”

November 21, 2013 |

Mauritian economist Philip Lam gives you his forthright views on tax incentives, housing, unemployment, sector focus, Africa strategy, and most importantly, the implementation of the budget he openly describes as ‘ambitious’

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Mauritian financial sector shines in 2012-13, profits up 7.7%

November 20, 2013 | The island economy’s financial sector continues to be a golden goose, logging pre-tax profits of Rs 15.4 billion in 2012-2013 against Rs 14.3 billion in 2011-2012. The financial sector, an important pillar of the island economy, continued to cash in on Mauritius’ reputation a...
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MCB eyes collaboration with African banks to grow bigger

November 20, 2013 |

Through its “Bank of banks” strategy, the MCB plans to position itself as a privileged partner of the African banks rather than be considered a competitor on African territories.

The Mauritius Commercial Bank (...
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Mauritius’ CIEL Textiles sees profit up 12% on export boost

November 20, 2013 |

Supported by robust international operations, Mauritius-based clothing major CIEL Textiles saw profits and revenues increase by 12% for the first quarter ended 30 September 2013. (Image: ghtu.mu)

Mauritius-based cl...
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Barclays under fire for promoting Mauritius, other tax havens

November 20, 2013 |

London-based NGO ActionAid has accused Africa’s largest retail banking giant, Barclay’s Bank, of promoting Mauritius and other tax havens to its clients as preferred investment gateways into Africa and Asia.

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African Statistics Day: Mauritius aims for highest data standards

November 19, 2013 | A half-day workshop on the occasion of the 2013 African Statistics Day (ASD) took place at the Labourdonnais Waterfront Hotel in Port-Louis on November 18, 2013. J Gilbert Gnany, chairman, Statistics Board, declared that the aim of Mauritius is to meet the highest of the International Monetary Fu...
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Global e-Governance event to give Mauritius a platform to shine

November 19, 2013 |

Even as London readies for an e-Governance meeting, bringing together multiple stakeholders from across the world, the island economy has reason to cheer. The forum will give Mauritius, identified by the GSMA as a leader in e-Governance in Africa, a golden opp...
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African technology, agriculture must sync genetic codes

November 19, 2013 |

African agriculture is crying out for help. Is technology listening? Even as genetically modified (GM) crops are slow to gain popularity amid traditional cultivation, the challenges of separate biosafety regulations across African countries are making it even ...
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Mauritius bows out, Malta to host next Commonwealth summit

November 18, 2013 | In what could have important implications for the island economy, Mauritius has bowed out of organizing the Commonwealth summit in 2015 in protest over the human rights violations record of this year’s host, Sri Lanka. (Image: Department of Information, Malta) In what could hav...
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Mauritians..want to know how much the President earns?

November 18, 2013 | A study by global consulting giant PricewaterhouseCoopers (PwC) found that the President of Mauritius, Kailash Purryag, gets paid a lot more than premiers in other countries with similar economic size, including Swaziland, Botswana, Lesotho, Mozambique and Seychelles.  (Image: Azuri)Read More

Mauritius’ hospitality sector continues in the red

November 18, 2013 | Mauritius-based Sun Resorts and Lux Island Resorts are two world-class, resort-led hospitality majors which reported continued losses in core business operations last week. (Image: Sun Resorts) Facing a difficult period, losses have intensified in the island economy’s hospitali...
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Parking woes no more, new hangar soon for Mauritius-bound aircraft

November 18, 2013 | An important addition to the facilities available at the revamped SSR International Airport, the new GAM hangar will be built to standards for Cat 1 cyclonic conditions. (Image: GAM websi...
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Mauritius financial sector looks up, profits zoom for MCB, SBM

November 15, 2013 |

Industry bell-weathers Mauritius Commercial Bank (MCB) and State Bank of Mauritius (SBM) both declared strong results for the period ended September, 2013. (Image: Peter Kuchar)

The financial secto...
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Budget 2014 expertspeak: ‘Mauritius to become the Brussels of Africa’

November 15, 2013 |

AfricaMoney spoke to Paul Halpin, director, International Financial Services Ltd, Mauritius, to understand the African strategy under Budget 2014 in greater detail.

AfricaMoney spoke to Paul Halpin, director, Inter...
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Mauritius goes mobile, has highest subscription penetration in region

November 15, 2013 | Mauritius boasts the best mobile subscription penetration among its peers at over 70%, with the average rate in Sub-Saharan Africa being a lowly 30.8%. (Image: business.mega.mu) Mauritius boasts the best mobile subscription penetration among its peers at over 70%...
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Best of a bad lot? Mauritius least corrupt in Africa

November 15, 2013 | A survey done by independent and nonpartisan organization Afrobarometer showed that Mauritius’s corruption rate is the lowest, at 1.20, on a scale of 0 to 4, compared to 33 other African countries ranked on the index. (Image: LSE) Mauritius emerged as the least corrupt compared...
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