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AfricaMoney | June 29, 2017

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Economy

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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New corporate comms agency Acuitas Communications launches in Mauritius, London and Brussels

September 7, 2016 | Samantha Seewoosurrun and Simon Nayyar are delighted  to announce the launch of their new PR business, Acuitas Communications. The agency provides a full service PR offering, including corporate communications, financial communications, public affairs, and crisis management. The agency has a uni...
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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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AXA is joining forces with Lloyd’s to create a specialty insurance venture named ‘AXA Africa Specialty Risks’.

April 20, 2016 | AXA is joining with Chaucer, a specialty Lloyd’s insurance group, to create a specialty insurance venture named ‘AXA Africa Specialty Risks’ which will be dedicated to covering specialty insurance lines in Africa, which comprises for instance political risks, energy and infrastructures...
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The Expert Explains: EU reaction to Panama Papers confirms creation of new ‘tax haven’ blacklist

April 15, 2016 | On 12 April, the European Commission adopted a new proposal to introduce public country-by-country reporting requirements for the largest companies operating in the EU and in so-called ‘tax havens’ to “address concerns flowing from the Panama Papers”. The European Commission also pub...
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Phoenix crowned top Mauritian brand at 2nd Brand Magic Summit 2016

April 11, 2016 | Phoenix Beverages was crowned as the top brand in Mauritius at the 2nd Brand Magic Summit 2016, closely followed by Sunny in second position and Mine Apollo in third place. The findings were revealed in a survey by TNS Analysis, which conducted 750 face-to-face interviews wi...
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Anglo African Investment Ltd won the Best Non-Listed awards 2016 at PWC Corporate Reporting Awards.

March 4, 2016 | Anglo African investment distinguished itself at the PWC Corporate Reporting Awards 2016 to win the Best Non-Listed awards and was the runner up  for the best online reporting award. “If there were an overall category award, the Anglo African's Integrated...
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Lord Mayor: City of London is international gateway for Mauritius

March 1, 2016 | The British High Commission of Mauritius hosted a high level conference on “The City of London: Your International Gateway”  where the British High Commissioner,  H.E. Jonathan Drew highlighted that this was the first ever visit to Mauritius of any Lord Mayor and that the UK showed jus...
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What can Mauritius learn from the Dubai International Financial Centre?

February 25, 2016 |  The Mauritius International Financial Centre will formally be launched on 1 March by the Government of Mauritius, along with the Financial Services Promotion Agency (FSPA) and the Financial Services Institute (FSI). As Mauritius prepares to unveil its Mauritius IFC identity and to project ...
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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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Mauritius signed a Bilateral Air Services Agreement (BASA) with Australia.

February 5, 2016 | Mauritius signed a Bilateral Air Services Agreement (BASA) with Australia. The signature of the BASA between Mauritius and Australia creates the necessary framework to promote the development of air links and exchanges between the two countries. Mauritius and Australia is a landmark in the s...
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MauBank and MyBiz to be at the forefront of the SME sector to transform Mauritius into a `Nation d’Entrepreneurs`.

January 29, 2016 | MauBank, and MyBiz will be the spearhead of the new impetus that  the Mauritian Government wants to bring to the SME sector in line with the vision of making this sector the backbone of the economy and transform Mauritius into a ‘Nation d’Entrepreneurs’. SME Financing Scheme, would be...
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Will Mauritius benefit from new EU policy on tax havens?

January 28, 2016 | Today the 28 January, the European Commission adopted a new approach on ‘tax havens’ as part of a new “Tax Avoidance Package”. One element of the package is a new External Strategy for Effective Taxation, which seeks to deal with third countries like Mauritius, which in June 2015 had...
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Mauritius is the least poverty-stricken country in Africa.

January 27, 2016 | Poverty in Africa has declined significantly in recent years, showing evidence that the past decade of economic growth has improved the lives of ordinary people, with Mauritius, the least poverty-stricken country. More people are living better lives as increasing levels of wealth have translated int...
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African Heads of State to meet in Egypt to reinforce their commitment to promoting regional investment and trade

January 25, 2016 | On the weekend of the 20th and 21st February Egypt will be hosting Africa 2016, the first international business and investment forum of its kind, an Africa to Africa investment forum aimed at strengthening business ties within Africa, both at a business and presidential level. The programme...
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Mauritius’ November trade deficit up 1.3% y-on-y to Rs 7.8 bn upon lower export level.

January 22, 2016 | Mauritius trade deficit rose in November 2015 by 1.3% on a year-on-year basis as exports level was lower upon lower exportation over machinery and transport items, whose quantum dipped by a whopping 171.2% on a yearly basis; and, on a monthly basis as well, trade deficit widened by 22.3% wit...
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Tadvest limited an investment holding company to be listed on the official market of the SEM.

January 21, 2016 | The stock exchange of Mauritius has approved the listing of Tadvest Limited (“Tadvest” on the ) Stock Exchange of Mauritius Ltd (“SEM”) to list up  to 60,000,000 ordinary shares of Tadvest on the Official Market of the SEM. The firm will list 15,196,030 ordinary shares at an indicat...
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Mauritius leads investment flows into Zimbabwe accounting for $4, 56 billion.

January 20, 2016 | Mauritius is the largest source of investment flows accounting for $4, 56 billion while the British Virgin Islands is on sixth at $760, 54 million, with the two making up the top 10 of source countries for investment since 2009 . Mauritius combines the traditional advantages of being an offs...
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ENL land and ENL Investments amalgamation approved by shareholders; opening the doors to a new era of growth and development

January 19, 2016 | ENL land and ENL Investments amalgamation approved by shareholders, therefore, opening the doors to a new era of growth and development. The Amalgamation will generate a new dynamism which is expected to enhance shareholder value. It will bring a diversified set of businesse...
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LUX Resorts & Hotels signs agreement with Turkish conglomerate MYC Partners for a 5-star hotel and a residential project in Turkey.

January 18, 2016 | LUX Island Resorts Hotels signed a management contract with MYC partners, leading Turkish conglomerate, for a mixed-use real estate project in the city Bodrum, a tourism center and resort in Turkey. The project will include a 5 star hotel with 60 rooms and 75 luxury residences, of which 25 w...
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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 and Seychelles reinforce cooperation to develop a unique tourism destination for a stronger Tourism Industry.

January 14, 2016 | Mauritius and Seychelles will further collaborate to consolidate the tourism industry and develop a unique tourism destination among the islands in the region which differs from other islands across the world. There is the aim of increasing the visibility of the island destinations which are...
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Accessa Technologies Launches SafePay, a smart and secure payment solution.

January 13, 2016 | Accessa Technologies, a subsidiary of Accessa group launched safepay, a secure payment solution by the company Gunnebo, for professionals of large, medium and small distribution.The multiple applications of payment solution Secure will allow users to make a qualitative leap ...
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Mauritius’s GDP will expand by 3.7% in 2016 as per the World Bank Global Economic Outlook 2016.

January 12, 2016 | Mauritius's Gross Domestic Product (GDP) will expand by 3.7% in 2016 as per the World Bank Global Economic Outlook 2016 report. Sub-Saharan Africa growth faces a challenging near-term outlook after slowing to 3.4% in 2015, adding that activity is expected to pick up to 4.2% ...
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Tourist arrival in Mauritius for 2015 inched up by 10.9% with December welcoming the highest level of tourists.

January 11, 2016 | Tourist arrival in Mauritius for 2015 inched up by 10.9% with December welcoming the highest level of tourists. From January to December 2015, France, Reunion and UK maintained their places in the top three source markets for inbound tourists to Mauritius, with 254,362, 143,834 and 129,796 r...
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Mauritius headline inflation rate for the twelve months ending December 2015 works out to 1.3% lower than 2014.

January 8, 2016 | The main reasons for the net decrease in the CPI on a monthly basis between November 2015 to December 2015 were lower prices of `Furnishings, household equipment and routine household maintenance` and `Transport` culminating in year-on-year inflation of 1.3 % in December and a headline infla...
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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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