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AfricaMoney | September 22, 2017

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Posts By AfricaMoney

Innodis Ltd Group sees profit after tax improved by 3.3% to Rs 52.4 million

February 18, 2015 | As expected the performance of Innodis poultry operation in Mozambique has improved as a result of better costs control and a more customer-oriented approach, coupled with an increase in prices of chicken in December 2014. (Image: innodisgroup) ...
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Opportunity for Mauritius as gateway to Africa as sub-Saharan Africa`s middle class set to boom.

August 29, 2014 | The study which uses a proven methodology widely employed in South Africa reported that the combined GDPs of the 11 measured economies has grown subsequently since 2000, up from 4.6 million, and 2.4 million in 1990. (Image: MRead More

4th Political Consultation Mechanism meeting to enhance Mauritius and Russia opportunities.

August 29, 2014 |

During the meeting discussions focused on international issues, the ocean economy, tourism, trade and investment, Africa, the Indian Ocean, Small Island Developing States (SIDS), education, sports, seafood, culture, technology transfer and capacity-building, am...
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State Bank of Mauritius sees profits dip as bad debts rise

August 19, 2014 | Bad debts witnessed an increase during the period under review with net impaired advances to net advances as at June 30, 2014 standing at 1.01%. (Image: intnet.mu) The island economy’s second largest bank, State Bank of Mauritius...
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Mauritius parliamentary delegation meets Seychelles Tourism Minister

June 6, 2014 |

Alain St.Ange made use of this golden opportunity to brief the delegation on a range of issues of mutual interest, with inter-island cooperation in tourism being high on the agenda (Image: Seychelles News Agency)

A...
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Mauritius to implement WTO Trade Facilitation Agreement

June 6, 2014 |

Mauritius foreign minister Arvin Boolell informed the United States Trade Representative, Ambassador Michael Froman, that an implementation plan is currently being worked out with technical assistance fromUnited Nations Conference on Trade and Deve...
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Mauritius tourism growth lags behind other Indian Ocean islands

June 6, 2014 |

Struggling to take off? In just four years, Mauritius has been relegated from market leader in Indian Ocean tourism space, with dominant market share of 40%, to a laggard at third place. (Image: Global Village Directory)

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Mauritius: NWEC & AIESEC launch new support program for women entrepreneurs

June 5, 2014 |

This project will help AIESEC interns, who hail from various countries, to not only understand the social reality of women entrepreneurs in Mauritius but also work out suitable projects to meet start-up needs of women entrepreneurs. (Image: Flickr)Read More

PR ExpertSpeak: Mauritius has succeeded in establishing a great country image

June 5, 2014 | Jeremy Galbraith, the CEO of globally renowned PR firm Burson-Marsteller for the Europe, Middle East and Africa regions, spoke to AfricaMoney on how Mauritius has succeeded in establishing a great country image as a must-visit tourist destination. (Image: Marie-Lorry Coret/ AfricaMoney)Read More

Barclays Africa bids good bye to regional CEO and Head of Strategy

June 5, 2014 |

Kennedy Bungane will resign on June 18, 2014, to dedicate himself to other professional projects, after 23 years in the banking sector during which he helped shape the creation of the Barclays African group and its Africa growth strategy. (Image: African Arg...
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EU to support Mauritius in ethanol production with Rs 165 million grant

June 5, 2014 |

According to the government of Mauritius, the production of ethanol could allow the country to answer both the energy and economic challenges of the island. (Image: Anguil)

Mauritius is boosting renewable energy s...
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Mauritian exports to Africa dip in the first quarter of 2014

June 4, 2014 |

According to Statistics Mauritius, this decrease in sales to the rest of Africa is largely due to a reduction in the island economy's exports to South Africa. (Image: Proudly African)

The total exports of the islan...
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HSBC’s Alastair Bryce takes over as chairman of Mauritius Bankers Association

June 4, 2014 |

Alastair Bryce has been with the HSBC Group since 1983 and has worked for the banking major in several countries encompassing Japan, United Kingdom, Latin America and the Asia-Pacific. (Image: Port Guide)

Alastair ...
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Mauritius Union Assurance acquires stake in Kenya’s Phoenix Transafrica

June 4, 2014 |

The transaction, which is currently estimated at around Rs 685 million (USD 22.6 million), will be partly financed from MUA's own resources, together with a bond issue. (Image: Adenia)

Financial services major Mau...
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Mauritius: Entrepreneurship Development Programme for unemployed women & youth

June 4, 2014 |

The Entrepreneurship Development Programme training seeks to impart the concept of cooperative entrepreneurship in the fields of Indian culinary skills, henna application, Brazilian embroidery, interior decoration, glass painting, beauty care and hairstyle. (...
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Stock Exchange of Mauritius’ main index plunges 0.85% from Jan-May

June 3, 2014 |

Market capitalization stood at Rs 224.4 billion on 30 May 14, up 5.41% compared to its level at the beginning of the year, boosted by the listing of CIEL Ltd on the official market in February. (Image:business.mega.mu)

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Lottotech: oversubscription prompts review of allotment to favor small investors

June 3, 2014 |

Those who subscribed for less than 5,000 shares will receive all of the shares applied for while those who made offers for more than 5,000 shares will be guaranteed the first 5,000 shares only and will receive 22.17% of excess above 5000 shares. (Image: Lotto...
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Mauritius on track to transform into high-income economy

June 3, 2014 |

Finally, only 14 countries were chosen with potential to make it to a high-income economy: Brazil, Chile, Malaysia, Mexico, Serbia, Macedonia, Montenegro, Poland, Botswana, Costa Rica, Antigua and Barbuda, Seychelles, Tonga and Mauritius. (Image: Mauritius Tou...
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Mauritius: Jobseekers & employers to benefit from innovative and interactive site

June 2, 2014 |

Information on employability skills, CV writing and related issues will be provided on the website, which will be free of charge and accessible to intended users on smart phones, tablets and laptops. (Image: Ministry of Labour)

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FSC exhorts strong economic ties between Mauritius and Africa on Africa Day

June 2, 2014 |

Mauritius holds the African continent in high esteem, and, on this occasion, we wish to reiterate the commitment of the FSC to contribute further towards reinforcing Mauritius’ partnership with Africa, said Clairette Ah-Hen, CEO of the Financial Services Co...
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Mauritius and India: New partnership to open up fresh economic opportunities

June 2, 2014 |

The island economy has joined hands with India to define new economic cooperation projects between the two countries and devise new arrangements regarding the Double Taxation Avoidance Agreement (DTAA). (Image: Narendra Modi page)

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APRA ends on note of ‘Africa unite’; pledges to change image of Africa

June 2, 2014 |

APRA, with support from African Union Commission (AUC) and other relevant organisations, will immediately embark on the development of a comprehensive programme of action to position Africa as a rising continent. (Image: Cecilia Samoisi/ AfricaMoney)<...
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Africa: 3i Infotech partners with BDO Solutions for all product lines in Mauritius

May 27, 2014 | 3i Infotech’s Region Head for Middle East & Africa, Ashish Dass, explained that this partnership will allow customers access to a wider range of choices and best of breed solutions in terms of consulting and solution offerings. (Image: Cash and Trade Magazine) Global Infor...
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Mauritius dethroned by Singapore as top source of FDI into India

May 27, 2014 |

During the last financial year from April 2013 to March 2014, India has attracted USD 4.85 billion in FDI from Mauritius compared to USD 5.98 billion from Singapore. (Image: USC Marshall)

Mauritius has been dethron...
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Mauritius Islamic finance on rise: Habib Bank gets BoM approval for Islamic window

May 27, 2014 |

A Memorandum of Understanding (MOU) was also signed between Bank of Mauritius Governor Rundheersing Bheenick and the Governor of the Central Bank of Sudan (CBoS), Abdelrahman Hassan Abdelrahman Hashim, on the sidelines of the 11th IFSB Summit. (Ima...
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Mauritius’ La Balise Marina & ENL Foundation sponsor Grande Rivière Noire Football Club

May 26, 2014 |

Under the sponsorship, shirts and soccer balls were delivered to the local football team on May 23, 2014 at La Balise house at Black River in the presence of the club president, the captain, the players and representatives of La Balise Marina. (Image: Company)...
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University of Mauritius inks green agreement with Environment Ministry

May 26, 2014 |

Tertiary Education Minister Rajesh Jeetah, and Environment Minister Deva Virasawmy signed a memorandum of understanding on Thursday, May 22, 2014 , following receipt of funds under the Kyoto Protocol. (Image: UoM)

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Dubai hospitality major Jumeirah to open luxury resort in Mauritius in 2018

May 23, 2014 | The hotel project undertaken by the company in Mauritius is currently under development, located approximately 50km from Sir Seewoosagur Ramgoolam International Airport, and will be set on 68.5 hectares of land. (Image: Jumeriah Beach Resort) The hospitality sector of Mauritius...
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A greener Africa: Mauritius to fund Rwanda recycling plant

May 23, 2014 |

Mauritius wants to team up with local investors to turn Nduba dumpsite, the second site in Kigali established for municipal waste, into a modern recycling plant. (Image: Virgin Balloon Flights)

A delegation of inv...
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Ghana seeks Mauritius’ help to position itself as sugar exporter

May 23, 2014 |

Ghana’s Minister of Trade and Industry Haruna Iddrisu lauded Mauritius sugar major Omnicane for its decision to invest about USD 250 million into sugar plantations in Ghana. (Image: Ghana Broadcasting Corporation)

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