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AfricaMoney | October 17, 2017

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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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Impact of Yuan devaluation on the Mauritian economy

August 18, 2015 | China has decided to devalue its currency to boost its exports;  Mauritius, being an importing nation, will benefit from favourable import supplies from China but negative ripples might be felt with seafood and textile exports from Mauritius to destinations like US and EU becoming less comp...
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Opening Soon: Bank of China looks set for Mauritian welcome

July 31, 2015 | Bank of China, which recently expressed interest to set up a branch in Mauritius, appears well poised to open its doors in the island economy soon, as a delegation managed by the bank’s representative, Zhang Xiaoqing, was on a mission at the Bank of Maurit...
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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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Hilton launches Huanying brand to give Chinese visitors a personalised stay

July 14, 2015 | Hilton Hotels & Resorts announced the global launch of Hilton Huanying to faciliate a tailored experience for Chinese travelers, thus enabling more than a million Chinese travelers to explore new destinations with an unrivalled comfort level. Hilton Hotels & Resorts annou...
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China Special Envoy discusses Forum on China-Africa cooperation with Mauritian PM

June 8, 2015 | Ambassador Liu Guijin, a Special Envoy of the Government of China on FOCAC, an ideal China-Africa platform for extended Mauritius collaboration, met Mauritian Prime Minister Sir Anerood Jugnauth to discuss the good bilateral relationship that China and Mauritius share. (Image: Composite )Read More

Mauritius greets Qingdao delegation to discuss business opportunities

May 12, 2015 | A delegation from Qingdao, a major city in Eastern China, is currently visiting Mauritius to discuss mutually beneficial  business opportunities in different sectors, leading to the signing of an MoU between Enterprise Mauritius and the Qingdao Bureau of Co...
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Mauritius tourist arrivals up 10.6% year-on-year over Jan-Mar 2015 to hit 291329

April 13, 2015 | From January to March 2015, France, Reunion, UK, China and South Africa maintained their places in the top 5, in the given order, with 76149, 40113, 25957, 22498 and 20665 tourists respectively. (Image : hartleys-safaris.co.uk) Mauritius welcomed 291,329 tourists over the perio...
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Mauritius tourist arrivals up 11.1% to 194734 for the year till February 2015

March 11, 2015 | As many as 194,734 tourists visited Mauritius over January and February 2015, which represents a robust rise of 11.1% over 2014, on the back of 113,333 arrivals from the European market, or 58.2% of total tourist arrivals to the island. (Image: Mauritius Attractions) Mauritius w...
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Mauritius sees tourist arrivals up 7.6% in January 2015 as Europe resurges

February 11, 2015 | Tourist arrivals from Europe maintained their dominant position with an 11.9% rise in January 2015 to 56,563 footfalls (Image: Blogspot) Mauritius has witnessed an increase of 7.6% in tourists arrivals to its shores in January 2015, compared to the year-ago period. In absolute te...
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China gives Rs 500 million in grants and interest free loan to Mauritius

February 10, 2015 | China’s Ambassador to Mauritius, Mr Li Li, said that the presence of Chinese enterprises in Mauritius already demonstrates the strong partnership that exists between the two countries. (Image: File Photo, CWE) Displaying bullishness on the island economy, China has allocated a ...
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Mauritius hosts a million visitors for the first time in island hospitality history

January 26, 2015 | Mauritius received 1,038,968 tourists in 2014, representing a 4.6% growth over the corresponding period in 2013 when a total of 993,106 tourists visited the island. (Image: Constance) It is a first for Mauritius tourism as the island economy has welcomed more than a million tour...
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China rising: Mauritius to seize opportunity to be Renminbi trading hub for Africa

November 12, 2014 | The world over, the status of an RMB trading hub is becoming increasing important for global financial centres, as regional financial hubs such as Hong Kong, Singapore, Frankfurt and London, among others, vie with each other over efficient RMB settling and clearing services.  (Image:  Bank...
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Mauritius ranked first in Africa and fifth globally in Economic Freedom report 2014

October 10, 2014 | The island nation is seen as Africa’s most economically free country offering the highest quality of life and personal freedom. (Image: Forbes) Mauritius has yet again emerged with top honours among African countries in the Economic Freedom of the World 2014 report of the Frase...
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Mauritius’ LUX* Resorts & Hotels sees profits grow year-on-year

September 30, 2014 | The Mauritius hospitality major also registered a rise in revenues by 12% to Rs 4.2 billion, mainly spurred by the Mauritius properties, whose turnover rose 13.9% to Rs 2.05 billion. (Image: Cecilia Samoisi) LUX* Resorts & Hotels officially presented its financial results for th...
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Mauritius comes 2nd in sub-saharan Africa on index ranking best offshore locations

September 24, 2014 | The report holds up Mauritius as an example of how small countries can compete for offshoring investment by conducting targeted efforts and creating a good business environment, citing the upcoming commercial hub, the Ebene Cybercity, as a major destination for businesses seeking to offshor...
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Mauritius tourism revenues up 2.4% in first half on rising tide of Chinese visitors

August 21, 2014 | Not only have revenues swelled up, but tourist numbers have also taken the high tide, rising 4% to 490,697, driven by a growth of 86.9 percent in visitors from China, Statistics Mauritius said. (Image: Accidental Travel Writer) A flood of visitors from China to the shores of Maur...
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Mauritius sees tourist arrivals up 4.3% till July 2014

August 11, 2014 | A revival in European arrivals and continued enthusiasm of Chinese tourists for the island economy boosted arrivals to Mauritius to 572,632 from January to July this year. (Image: accommodation.io) Mauritius tourism got a much-needed boost, with overall visitors going up 4.3% to...
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Mauritius’ Foreign Direct Investment up 8.7% in first six months of 2014: BOI

August 6, 2014 | During the second half of 2014, the BOI expects subsequent inflows linked to the entry of China’s Shangri-La Hotels on the Mauritian hospitality market with an investment of Rs 800 million in Le Touessrok Hotel. (Image: Le Touessrok Resort) Mauritius attracted Foreign Direct In...
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Export edge: Mauritius reduces trade deficit 3.9% year-on-year in May

July 22, 2014 | Compared to May 2013, the island economy's exports rose by 18.1% to Rs 8.26 billion in May 2014, spurred mainly by exports of manufactured goods which rose 9.88% to Rs 2.6 billion. (Image: Investors Business Guide) Mauritius’ trade deficit came down by 3.9% in May 2014 to Rs 5....
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Mauritius Cim Finance first to issue UnionPay credit cards in Africa

July 17, 2014 | Paul Leech, CEO at Cim Group, (left) together with Larry Wang, Chief Business Development Officer at UPI, proceeded to launch the credit cards. (Image: Cecilia Samoisi) Mauritius’ financial services major, Cim Finance, has pioneered the issue of UnionPay credit cards in Africa...
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China calling: Mauritius hospitality major LUX* resorts plans oriental expansion

July 15, 2014 | Initially located across the abundant South West provinces of Yunnan and Szechuan as well as bordering Tibet, the complete circuit of individual properties and hospitality experiences will be known collectively as the LUX* Tea Horse Road. (Image: Company) In a two-way street, eve...
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Mauritius among top three destinations in Sub-Saharan Africa for US & Japan FDI

July 14, 2014 | The report by Washington-based nonprofit public policy organization, Brookings Institution, analyses the investment flows between Sub-Saharan Africa and its major partners – the US, China, the European Union (EU) and Japan. (Image: China.org.cn) Mauritius features among the top...
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Mauritius sees tourist arrivals rise 4% in six months to June 2014

July 11, 2014 | Europe, which continues to send more than 50% of overall visitors to the island economy, contributed to a rise of 0.8% to 266,295 visitors for the half-yearly period to June 2014 compared to a decline of 5.5% last year. (Image: Financial Times) The number of tourists visiting Mau...
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Mauritius devises new strategic plan to boost image as tourist destination

July 2, 2014 | Mauritius Tourism Minister Michael Sik Yuen highlighted that the Chinese perceive Mauritius as a preferred destination for newlyweds and golfers, with the film industry also homing in on the island for its exotic locales. (Image: Mashada) Mauritius’ tourism sector is poised for...
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Mauritius sees trade deficit shrink by 8.7% year-on-year in April as exports rise

June 23, 2014 | Export revenues for mercantile goods rose by a towering 17.1%, or Rs 1.13 billion, to Rs 7.76 billion compared to the year-ago period, driven by higher machinery and transport equipment sales that rose four-fold from Rs 126 million to Rs 531 million. (Image: Iridium Express) Maur...
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China Southern Airlines to land first flight in Mauritius on June 28

June 17, 2014 | The Mauritian tourism ministry said on Monday in Port Louis that the application submitted to the Mauritian government by China Southern Airlines was approved at the Council of Ministers held Friday. (Image: Wikipedia) Mauritius tourism is finding increased traction with Chinese ...
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Investor interest in Africa set to rise in 2014: FDI Confidence Index

June 16, 2014 | South Africa, in particular, set the tone for rising investor confidence, moving up two slots from 2013 to 13th place in 2014. (Image: Source Mauritius) Africa bucked 2013’s lethargic trend with a 12% increase to $47.6 billion in foreign direct investment, broad-based across s...
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Mauritius attracts Rs 1.9 billion foreign direct investments in first quarter of 2014

June 16, 2014 | The island economy had attracted Rs 2.68 billion in FDI in the first three months of 2013, representing a 29% dip over the year-ago period. (Image: All in Mauritius) Mauritius attracted Rs 1.9 billion of foreign direct investment in the first quarter of the year against Rs 2.68...
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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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