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AfricaMoney | August 18, 2017

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Economy

Say Hello to new destinations with Emirates’ global offers

January 5, 2016 | Ringing in new adventures for the New Year, Emirates is launching its much-awaited global sale to inspire and encourage travelers from Mauritius to explore new destinations and revisit their favourite cities. For a limited time, globalist as can say “hello” to new adventures in Emirates...
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PROPARCO teams up with CIEL to develop a chain of private hospitals in Sub-Saharan Africa.

January 4, 2016 | PROPARCO, the French development finance institution, is investing an undisclosed amount to acquire a 15% stake in Ciel Healthcare (CHL), a platform company sponsored by CIEL Group. The International Finance Corporation (IFC) is also participating alongside CIEL and PROPARCO in this initial ...
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Sub-Saharan Africa region have shown robust growth amidst slow global economic recovery.

December 30, 2015 | Sub-Saharan Africa (SSA) has witnessed a year of overall stability and growth in 2015 as it embarks on a journey to realize Agenda 2063, a blueprint for the continent's development in the next half century with countries like Cote d'Ivoire, Ethiopia, Mozambique, Rwanda and Tanzania which are...
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Africa a destination for the super-rich with around 43 000 multi-millionaires visited Africa in the 12 months to September 2015.

December 29, 2015 | “Millionaire Tourism in Africa,” says that around 43,000 multi-millionaires visited Africa in the 12 months to September 2015 amidst new visa rules that made it more difficult for visitors to go to South Africa, with Chinese and Indian millionaires are common visitors to Africa, especial...
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The Expert Explains: Do IMF consultations matter?

December 22, 2015 | An International Monetary Fund (IMF) mission hold discussions with key ministers, officials and stakeholders under the so-called “Article IV” consultation for 2015, as part of the IMF’s surveillance function, and set out its views on the key challenges for Mauritius in 2016 and how the...
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Improving Short-Term Macroeconomic Data for Southern Africa Policymakers

December 21, 2015 | AFRITAC South held two workshops at the facilities of the Africa Training Institute in Mauritius on high frequency indicators and on quarterly national accounts statistics, a unique opportunity for interagency dialogue as producers of statistics improved their understanding of users’ needs...
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FinTech; an opportunity to re-defined the concept banking and financial services towards a more customer centric concept.

December 18, 2015 | One main milestone of the financial services in this economic era, is the merge of technology with financial literacy, education, retail banking, investment and crypto-currencies. As it remains a relatively new concept to emerging financial services centers like Mauritius, established Intern...
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The Coordinated Direct Investment Survey by the IMF shows US as the main source of FDI inflows and India the number one destination of direct investment outflows.

December 17, 2015 | The International Monetary Fund (IMF) Coordinated Direct Investment Survey (CDIS)  on 9 December 2015  indicates stock of direct investment liabilities of Mauritius stood at USD297.2 billion as at end-December 2014, up from USD265.9 billion compared to 2013. The United States ranked first ...
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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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IMF: Mauritian economy on the right track with an achievable growth rate within the range of 3%-4%.

December 14, 2015 | Sub-Saharan Africa remains the fastest growing region in the world despite the volatility in financial markets and commodity prices coupled with other external factors that may cause hindrance to economic development as per IMF. The Mauritian economy is evolving positively with an achievable...
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ABC Banking makes its entry on the stock exchange of Mauritius as from January 2016 Stock Exchange.

December 14, 2015 | ABC Banking Corporation will make it`s entry on the Development and Enterprise  Market (DEM) of the Stock Exchange of Mauritius  on  Monday, January 18, 2016, making it the second company of the ABC Group to be  listed company, after ABC Motors, which is listed on the DEM for several yea...
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The Expert Explains: What next on the EU ‘tax havens’ agenda?

December 11, 2015 |  Back in June, the European Commission published an EU blacklist of ‘tax havens’ around the world, which included Mauritius, Seychelles and the Maldives. However, this does not mark the end of the story, and the EU corporate tax agenda still continues apace. What are the Parliamentary C...
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MIod and KPMG launches guide on The Audit Committee’s role in Control and Management of Risk

December 11, 2015 | Audit committees have greater responsibility today, therefore the importance of risk in the business world must be considered. The codes of good governance in Mauritius and abroad put a lot of emphasis on risk management.  In this line the Mauritius Institute of Directors (MIoD) and KPMG la...
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Africa belongs to the African people – African affairs should be handled by the African people.

December 9, 2015 | China's economic influence across Africa is as controversial as it is irrefutable. The president Xi Jinping announced a three-year plan to boast cooperation with the African continent. The $60bn package includes 10 major projects that extend from poverty reduction to trade facilitation. If A...
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China and Africa trade relationship evolves with Jinping pledges Sh6 trillion for development in Africa

December 4, 2015 | China and Africa trade relationship evolves with Xi Jinping pledges Sh6 trillion for development in Africa to ensure  successful implementation of these ten cooperation plans with China stepping p investment in factories manufacturing goods for export in Africa, in addition to building road...
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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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Inflation likely to below 3.0% in June’16: Bank of Mauritius inflation expectation survey

December 2, 2015 | The Inflation Expectations Survey (IES) recently conducted by the Bank of Mauritius (BoM) showed that 66.7 % of respondents considered that there was an increase in the prices of goods and services while 20.8 % of respondents viewed that prices were unchanged and 12.5 % were of the opinion t...
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Revamping Mauritius Sugar Sector with the development of Co-Products from sugar mill streams and sugar cane biomass.

November 30, 2015 | Mauritius hosts International Society of Sugar Cane Technologists Co-Products workshop on the theme Development of Co-Products from sugar mill streams and sugar cane biomass ,placing hope to find new ways and means for the sustainable development and prosperity of  sugar cane, enabling the ...
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Mauritius and Morocco sign Double Taxation Avoidance Agreement to further foster the exchange of investments between the two countries.

November 27, 2015 | Mauritius and Morocco sign Double Taxation Avoidance Agreement to further foster the exchange of investments by providing greater tax certainty for businessmen of the two countries where currently there is interest for more Mauritian hotel operators to develop projects in Morocco. In the nea...
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Moody’s affirms Mauritius’s Baa1 government bond rating with stable outlook.

November 26, 2015 | Moody's Investors Service has affirmed Mauritius's Baa1 government bond rating with a stable outlook. The rating factor underpinning the affirmation of Mauritius's Baa1 government bond rating with stable outlook relates to the country's significant economic resiliency and the assessment of M...
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Africa’s key decision makers must shape the transformation necessary for Africa to thrive as a destination for business.

November 26, 2015 | Africa's own pension funds must invest in growing Africa's economy, despite the clouds gathering over the 2016 economic outlook. Over 130 experts in the field of pension funds and asset management met in Mauritius on the 25 November 2015 for the 3rd AIFAM Forum 2015. The investment case for ...
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Africa’s scientific agenda with Mauritius is crucial for the next stage of socioeconomic development.

November 25, 2015 | It is only through the development of Mauritius single most value resource – the human capital, specifically in high-value and wealth generating sectors of science, technology and innovation, which will we be able to transform Mauritius society into a knowledge hub in this 21st century as ...
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MPC projects Real GDP growth to gain momentum in 2016, as monetary conditions are expected to remain accommodative.

November 24, 2015 | Minutes of the MPC meeting indicate that the key repo rate of 4.65% was reduced by  25 basis points to 4.40% to support domestic economic activity as global inflation remains benign amid subdued global economic activity, therefore there was sufficient space for monetary policy to provide an...
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Strengthening African justice systems is a key priority for building investor confidence, promoting businesses that can boost the continent’s economies.

November 24, 2015 | Strengthening African justice systems is a key priority for building investor confidence, promoting businesses that can create much needed jobs, and boosting the continent’s economies as vital to the economic growth of the African Continent and governments within the African continent are ...
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Mauritius a gateway to Asia through Singapore for the Indian Ocean Islands and countries of eastern and southern Africa.

November 23, 2015 | Mauritius a gateway to Asia through Singapore for the islands of the Indian Ocean and countries of eastern and southern Africa, where this ‘Air Corridor’ offers an exceptional opportunity for growth for Air Mauritius as it taps into the tremendous potential of traffic, as the increase of...
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Mauritius’ trims September trade deficit by 15.0% y-on-y to Rs 5 bn upon lower imports.

November 23, 2015 | Mauritius trade deficit narrowed in September 2015 by 15.0% on a year-on-year basis as the gap between imports to and exports from the island economy was reduced, upon fuel and lubricants imports shrinking to a tenth of the cost of a year earlier with Imports to the Indian Ocean island natio...
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Strengthening financial inclusion is a major challenge for Africa; The expert explains how can financial inclusion be strengthened?

November 19, 2015 | Kenya has made huge strides forward through the use of mobile money, but why isn’t the same approach working as well in other countries? What is the best approach to promoting financial inclusion across the continent? For those who wish to dig deeper, here’s the explanation, straight fro...
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Mauritius encourages and foster a culture of integrity and good governance through the introduction of Good Governance and Integrity Reporting Bill .

November 18, 2015 | Mauritius will introduce Good Governance and Integrity Reporting Bill to address the deficiencies in the current legislative framework and stimulating performance in public and private sector organisations through effective reporting and other processes. Moreover, a new Declaration of Assets...
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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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Mauritius will host the 3rd Annual Africa Investment Funds and Asset Management forum a platform bringing together all regions together to shape the African pension fund industry.

November 13, 2015 | Mauritius will host the 3rd Annual Africa Investment Funds and Asset Management (AIFAM) Forum organise by MNCapital Group, a South African based investment advisory and communications firm. The forum will convene regional capital owners , fund managers, and investment professionals from the ...
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