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AfricaMoney | June 24, 2017

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Africa-Japan Business Investment Forum to explore expansion & investment avenues in Africa

September 1, 2015 | The second Africa-Japan Business Investment Forum currently being held in Ethiopia is an important event for the continent as Japan now ranks as the most active Asian project finance sponsor in Africa, investing almost three times as much as China, which is often regarded as the most activ...
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What does China’s shock yuan devaluation mean for Africa?

August 31, 2015 | China's development decisions are of critical importance to Africa with trade between Africa and China having skyrocketed to USD 220 bn in 2014; now, with the yuan devaluation, cheaper Chinese exports will please African consumers while putting Africa's manufacturers at a further disadvantag...
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OESAI conference in Mauritius addresses alternative financing solutions to approach risk

August 31, 2015 | To find solutions to challenges in the insurance and reinsurance sector of the region was the prime objective of the 38th annual conference of the Organisation of Eastern and Southern Africa Insurers (OESAI) where solutions of alternative risk management through assurance were addressed.Read More

Thomson Reuters hosts Governance Risk & Compliance & Fx market tracker seminar in Mauritius

August 31, 2015 | Thomson Reuter’s seminar provided a unique platform for regulators and financial professionals to meet and discuss challenges, propose solutions and share best practices within the financial services industry in Mauritius and beyond, by unveiling the benefits of the market tracker platform...
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Technology ExpertSpeak: Robust financial reporting essential to raise company profile

August 28, 2015 | Theuns Holtshousen, Managing Director and Business leader of CaseWare Africa, spoke to AfricaMoney on how businesses must compete in a rapidly changing environment today, and how, having the right technology support for certain business functions can significantly improve their efficiency.Read More

Net foreign assets at Rs 142.1 bn for week to 14 Aug 15: Bank of Mauritius

August 27, 2015 | Mauritius’ estimated net foreign assets for the week ended 14 August 2015 stood at Rs 142.1 billion, noted the central bank in its weekly survey, while the monetary base comprised Rs 27.9 billion for currency in circulation and Rs 40.3 billion for liabilities to other depository corporati...
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Business Meet in Mauritius: Ghana looks to bridge gap for investment in West Africa

August 27, 2015 | Ghana has recently embarked on an ambitious but achievable reform programme to improve the investment climate for both local and international investors; in a Mauritius-Ghana business meeting, several avenues of investment were identified such as sugar proce...
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Mauritius joins hands with Ghana to forge a valuable development partnership

August 26, 2015 | Three Memoranda of Understanding (MOUs) Agreements on bilateral cooperation between Mauritius and Ghana in various fields were exchanged pertaining  to the following: mutual visa exemption; standardisation and conformity assessment; and tertiary education. Mauritius and Ghan...
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Mauritius tops Africa; beats the US in the Human Freedom Index

August 25, 2015 | Three Memoranda of Understanding (MOUs) Agreements on bilateral cooperation between Mauritius and Ghana in various fields were exchanged pertaining  to the following: mutual visa exemption; standardisation and conformity assessment; and tertiary education. Mauritius and Ghan...
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US-Africa trade partnerships key to unlocking continent’s trade potential

August 24, 2015 | With US and Africa joining hands in trade partnerships through AGOA  (African Growth and Opportunity Act)and other enactments as the West acknowledges the continent's bright economic prospects, African countries can be expected to play a more prominent role on the world sta...
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Carrefour to Coca-Cola: More & more foreign companies eye Africa with interest

August 21, 2015 | Africa is the fastest growing region for FDI in the world - from 1990 to 2013, FDI inflows in Africa increased 19-fold from USD 3 bn to USD 57 bn - representing a great opportunity for the continent, if it can be harnessed correctly. From Carrefour to Coca-Cola,...
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Mauritius emerges as African trailblazer in meeting key ICT milestones

August 20, 2015 | Mauritius, Rwanda and Ghana aren’t far behind South Africa, Kenya and Seychelles on the African ICT landscape; experts estimate thatwith enough attention and focus in the coming years, they have the potential to provide a worthwhile reward to investors. Over the past decade,...
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Sub-Saharan Africa gets first direct Japan flights in business travel & tourism boost

August 14, 2015 | Sub-Saharan Africa is likely to receive a business travel and tourism boost from Japan with Ethiopian Airlines’ direct service which will take about 15 hours, as compared to the experience of previous Japanese travelers to Africa who have flown via European airport hubs or...
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Kenya to become hub for intra-regional trade on infrastructure boost

August 12, 2015 |

Kenya is expected to benefit from massive infrastructure projects being implemented across the country, thus transforming into a hub for intra-regional trade in Africa, according to a new study by research firmFrost & Sullivan.

Anew report by research firm F...
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Africa must take the lead in risk management

August 11, 2015 | Risk management in the public sector has become a well-established practice over the years with Ghana being a prime example of an African country that has understood the need to protect its consumers against higher oil prices. Risk management in the public sector has become a wel...
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Mauritius-listed Delta International Property Holdings declares market cap at USD 97.8 mn

August 10, 2015 | Delta International Property Holdings Ltd, which is listed in USD on the Official Market of the Stock Exchange of Mauritius under the Global Business Companies (GBC) segment, declared its market capitalisation at USD 97.8 mn at an investors meeting held to a...
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Améthis Finance increases its stake in Mauritius’ CIEL Finance to 24.9%

August 7, 2015 | Améthis Finance, which acquired a 17.1% stake in February 2015 in CIEL Finance Limited, the banking and financial services cluster of Mauritian group CIEL, has increased its stake by 7.8% as initially planned, thus affirming its long-term commitment towards CIEL Finance, in which it now hol...
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From managers to leaders: Terra launches first Leadership Development Program

August 7, 2015 | With the objective of transforming 54 of its managers and team leaders into the best leaders, Mauritian conglomerate Terra launched for the first time the Optimum Leadership Development Program, a training emphasising the importance of leadership within the company, by advocating the abandon...
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The Expert Explains: Is it time for an African currency union to emerge?

August 7, 2015 | A currency union is very much on the agenda of African political leaders, and it was discussed at the 25th African Union Summit held in Johannesburg on 11 June, as part of the Agenda 2063 Roadmap. The African Union Commissioner for Economic Affairs, Anthony Mothae Maruping, claims that a s...
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Barclays Africa delivers strong half-year performance as strategy gains momentum

August 4, 2015 | Barclays Africa Group Limited announced an 11% increase in headline earnings for the first six months ended 30 June 2015 and remains firmly on track to deliver on its three year strategic priorities and market commitments.  Driven by a 7% increase in pre-provisi...
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Africa to be home to quarter of world’s population by 2050; offers vast growth potential

August 3, 2015 | Sub-Saharan Africa’s population boom is one of the main reasons for the optimism around the continent’s economic growth potential; but challenges abound as forty-eight countries classified by the UN as “least developed countries” are expected to double in population by 2050....
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The Expert Explains: Would Global Investment Performance Standards give Mauritius a competitive edge?

July 31, 2015 | As Mauritius moves closer to becoming an International Financial Centre of substance and repute, one of its prime objectives is to adhere to the best reporting standards, and, keeping this ultimate objective in mind, the island economy is set to adopt global best practices in the form of Glo...
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Good corporate governance key to develop reputable image for financial services in Africa

July 29, 2015 | To promote robust corporate governance in Africa, an agreement was signed between the African Corporate Governance Network and African Securities Exchanges Association, with such initiatives expected to boost the image that the world has of Africa and create more confidence in investors for ...
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Two sides to coin: Recent slowdown in China poses both opportunities & threats for Africa

July 28, 2015 | Given the recent slowdown in China, the Chinese might stop buying African minerals that make up over 75% of African exports to China; but, on the positive side, this could spell good news since lower returns on investment in China may encourage the government to strengthen i...
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Obama on state visit to Kenya & Ethiopia; lauds Africa as hub for global economic growth

July 27, 2015 | US President Barack Obama’s Africa visit includes Kenya, making him the first US president to visit that country, where he highlighted at a Global Entrepreneurship Summit in Nairobi that incomes are up and the middle class is growing, thus creating incredible opportunities not only for Afr...
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MCB Focus: Mauritius must power own growth ambitions by nurturing needed talent

July 24, 2015 | The latest edition of the MCB Focus report encourages the island economy to power its own growth ambitions of transforming into a regional hub for investment and trade, by undertaking a wide-scale yet carefully-executed opening up of the labour market to foreign talents, notably those displa...
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Sub-Saharan Africa on growth path with NEC investing in regional ICT group XON

July 23, 2015 | NEC Europe, a wholly owned subsidiary of the Japan-headquartered NEC Corporation, has invested in XON, a pan African ICT group with roots in South Africa, and the two organisations will adopt an integrated market approach that will combine their local expeRead More

Lafarge Mauritius now forms part of global cement brand LafargeHolcim

July 20, 2015 | Lafarge Mauritius finally gets the green signal to be part of LafargeHolcim, the global cement brand that has arisen from the international merger of France’s Lafarge and Switzerland’s Holcim, but Holcim Mauritius will have to sell its operations to a third party in order to maintain com...
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Global Opportunity Index 2015 ranks Mauritius 1st in Sub-Saharan Africa; 31st globally

July 20, 2015 | The small island nation of Mauritius continues to be one of the most economically successful and stable countries in Africa according to the Global Opportunity Index, which ranks the island first in Sub-Saharan Africa and 31st globally, as one of the economies that is most open to foreign in...
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Sub-Saharan African investment banking fees up 10% in first half of 2015 to USD 155 mn

July 18, 2015 | According to the Thomson Reuters quarterly investment banking analysis, Sub-Saharan African investment banking fees were up 10% in the first half of 2015 to USD 155 million compared to the same period last year. The Thomson Reuters quarterly investment banking analysis shows tha...
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