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AfricaMoney | June 28, 2017

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Banking/Finance

BOI Africa Partnership Conference calls for greater collaboration on investment promotion to boost African growth

September 20, 2016 | The Board of Investment (BOI) kicked off its Africa Partnership Conference on 20 September, bringing together representatives of investment promotion agencies and industry representatives from Mauritius and Africa to discuss the opportunities and challenges of driving growth in Africa through greate...
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The Mauritius International Financial Centre: A CredibleTransparent and Cooperative Financial Hub

June 23, 2016 | The Mauritius International Financial Centre is a jurisdiction of repute and is among the first countries to have signed, in June 2015, 'The Multilateral Convention on Mutual Administrative Assistance in Tax matters of the Organisation for Economic Cooperation and Development (OECD). This approac...
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Digital Banking and the Omnichannel

June 7, 2016 | What is Digitalisation? Digitalisation refers to the integration of digital technologies into our everyday lives. Much of what we do, where we go, what we say, where we say it can be  captured online or tracked by smart devices that record us in the form of data. This data is...
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Anglo African Ventures the Fintech start-up investment division within Anglo African looks to invest in and establish strategic partnerships with Fintech start-ups whose technology can be sold into the company`s client base.

May 24, 2016 |

A Difference of Approach – Corporate Incubator Models

 Who Can Ventures Learn From?

 Anglo African Ventures, the Fintech start-up investment division within Anglo African, ...
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Monetary Policy Committee Maintains Key Repo Rate at 4.4% Per Annum

February 24, 2016 | The Monetary Policy Committee (MPC) of the Bank of Mauritius has maintained the Key Repo Rate at 4.40% per annum. This decision was taken upon consideration on other alternative interest rate scenarios and after weighing the risks to the growth and inflation outlook as well as different fact...
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Palm Global: Mauritius is domicile of choice in captive insurance.

February 16, 2016 | A new Captive Insurance Act was adopted in Mauritius in December 2015, which establishes a new legal framework for the captive insurance business, covering pure captives whereby a corporate entity insures itself, and any affiliates in a group, and mitigates the risk through reinsurance. The ...
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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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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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Mauritius: Maubank Ltd to Spearhead the SME Sector

January 7, 2016 | Mauritius banking sector welcomes Maubank Ltd on the 4th January 2016 upon the incorporation of the Mauritius Post and Cooperative Bank (MPCB) and the National Commercial Bank (NCB). The bank main activity is to spearhead the SME Sector in Mauritius, through the introduction of in...
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Bank of Mauritius survey shows net foreign assets at Rs 150.3 bn for week ending December 11.

December 23, 2015 | Estimated net foreign assets for the week ended 11 December 2015 stood at Rs 150.3 billion in Mauritius, said the central bank’s weekly survey, and concerning the monetary base of Rs 71.5 billion, it comprised Rs 29.6 billion for currency in circulation, Rs 41.5 billion for liabilities to ...
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Bank of Mauritius survey shows net foreign assets at Rs 151.1 bn for week ending December 4.

December 15, 2015 | Estimated net foreign assets for the week ended 4 December 2015 stood at Rs 151.1 billion in Mauritius, said the central bank’s weekly survey, and concerning the monetary base of Rs 71.5 billion, it comprised Rs 29.4 billion for currency in circulation, Rs 42.0 billion for liabilities to o...
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The expert explains: What is the right way to promote responsible investing?

December 3, 2015 | As global leaders gather in Paris for the UN Climate Change Conference (COP21), investors are being encouraged to sign up to the Montréal Carbon Pledge, under which asset owners and investment managers commit to measure and publicly disclose the carbon footprint of their investment portfoli...
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Bank of Mauritius survey shows net foreign assets at Rs 148.7bn for week ending November 20.

December 1, 2015 | Estimated net foreign assets for the week ended 20 November 2015 stood at Rs 148.7 billion in Mauritius, said the central bank’s weekly survey, and concerning the monetary base of Rs 67.9 billion, it comprised Rs 27.9 billion for currency in circulation, Rs 40.0 billion for liabilities to ...
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Bank of Mauritius survey shows net foreign assets at Rs 147.9 bn for week ending November 6.

November 17, 2015 | Estimated net foreign assets for the week ended 6 November 2015 stood at Rs 147.9 billion in Mauritius, said the central bank’s weekly survey, and concerning the monetary base of Rs 69.2 billion, it comprised Rs 29.0 billion for currency in circulation, Rs 40.0 billion for liabilities to o...
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MCB hosts 2015 Africa Forward Together conference to shape Africa’s future together with the champions of economic growth on the continent.

November 17, 2015 | The Mauritius Commercial Bank (MCB) hosts 50 top executives representing 37 African banks at the week-long 2015 Africa Forward Together conference aiming constructive dialogue to shape Africa’s future together with the champions of economic growth on the continent ,with MCB showcase its ...
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MCB’s profits up by 12.5% to reach Rs 1.6 bn for the quarter ended September 2015 upon enhanced performance linked to foreign activities and better yields.

November 16, 2015 | MCB Group Ltd profit level boosted by 12.5% to reach Rs 1.6 billion for the quarter ended September 2015, upon higher net interest income driven by enhanced performance linked to foreign activities of MCB Ltd and better yields within overseas subsidiaries coupled by the decline in excess liq...
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MCB & SBM continue to be the major Mauritian banks funding SME growth

October 21, 2015 | MCB & SBM were the banks favoured by Small and Medium Enterprises in Mauritius, with the former accepting 1,851 applications to the tune of Rs 2.7 billion, representing a 50.0% share in SME funding, while the latter accepted 1,029 applications for an amount of Rs 972.5 million. ...
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Net foreign assets at Rs 146.0 bn for week to 9 Oct 15: Bank of Mauritius

October 20, 2015 | Mauritius’ estimated net foreign assets for the week ended 9 October 2015 stood at Rs 146.0 billion, noted the central bank in its weekly survey, while the monetary base comprised Rs 28.3 billion for currency in circulation and Rs 38.3 billion for liabilities to other depository corporatio...
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ABC Banking bagged two awards for its excellence in international banking services.

October 19, 2015 | For the second consecutive year, the title of "Best Bank for International Banking Services Mauritius 2015" awarded by the Global Banking & Finance Review as well as that of "Best International Bank Indian Ocean 2015" by Capital Finance International magazine goes to ABC Banking Corporat...
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International private equity in sub-Saharan Africa is set to continue with up to $20 billion flowing into the region annually.

October 14, 2015 | International private equity has become the fastest growing source of investment in sub-Saharan Africa as investors tired of low returns in developed markets have increasingly looked to cash in on the rapid growth and emerging middle-class consumers in Africa, home to many of the fastest expanding e...
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MCB & SBM continue to be the major Mauritian banks funding SME growth

September 22, 2015 | MCB & SBM were the banks favoured by Small and Medium Enterprises in Mauritius, with the former accepting 1,829 applications to the tune of Rs 2.6 billion, representing a 49.2% share in SME funding, while the latter accepted 1,046 applications for an amount of Rs 964.4 million. ...
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The Expert Explains: Improving financial integrity is high on the agenda in Mauritius-How can it be strengthened?

September 17, 2015 | Improving financial integrity is high on the agenda in Mauritius where the Parliament will shortly examine a new Integrity Reporting Bill, which is intended to ensure the integrity and transparency in the treatment of dossiers, transactions and business relations across all sectors of activi...
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SWIFT’s growth in Africa up by 11% outpacing global growth rate of 10%.

September 16, 2015 | Growth in financial transactions messaging system SWIFT's traffic volumes in Africa has accelerated by double-digit percentages this year as banks expand rapidly and non-financial institutions join the industry cooperative. Expansion in Africa in the past year was up 11%, led by ...
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Net foreign assets at Rs 141.8 bn for week to 4 Sept 15: Bank of Mauritius

September 16, 2015 | Mauritius’ estimated net foreign assets for the week ended 4 September 2015 stood at Rs 141.8 billion, noted the central bank in its weekly survey, while the monetary base comprised Rs 28.8 billion for currency in circulation and Rs 39.6 billion for liabilities to other depository corpora...
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Net foreign assets at Rs 141.0 bn for week to 28 Aug 15: Bank of Mauritius

September 9, 2015 | Mauritius’ estimated net foreign assets for the week ended 28 August 2015 stood at Rs 141.0 billion, noted the central bank in its weekly survey, while the monetary base comprised Rs 28.5 billion for currency in circulation and Rs 36.0 billion for liabilities to other depository corporati...
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BOM: Resilient banking sector for Mauritius with growing assets level.

September 8, 2015 | Bank of Mauritius Financial Stability report indicates a resilient banking sector with assets growing at a rapid pace mainly due to further expansion of the foreign asset portfolio held by both domestic-owned banks and subsidiaries of foreign-owned banks, partly explained by the advances and...
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Net foreign assets at Rs 142.7 bn for week to 21 Aug 15: Bank of Mauritius

September 2, 2015 | Mauritius’ estimated net foreign assets for the week ended 21 August 2015 stood at Rs 142.7 billion, noted the central bank in its weekly survey, while the monetary base comprised Rs 27.5 billion for currency in circulation and Rs 37.5 billion for liabilities to other depository corporati...
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The Expert Explains: Why are there no US investment banks in Mauritius?

August 20, 2015 | Today, there are a plethora of investment and corporate banks in Mauritius, including globally successful names like Barclays, Standard Chartered and Investec, but the US banks, which are often in the vanguard of investment opportunities and their development, have, so far, stayed away.So, w...
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MCB sponsors Mauritius Trade Finance Conference; recent survey shows Mauritians as mobile internet users

August 19, 2015 | Mauritius will be hosting a conference devoted to international trade finance in October where MCB has the role of privileged partner; MCB has also released a survey showing Mauritians consuming the internet largely over their mobile phones. Mauritius will be hosting a conference...
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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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