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AfricaMoney | August 18, 2017

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Economy

Mauritius and Pakistan to boost trade; renewable energy in focus

December 26, 2013 | Deputy Prime Minister Beebeejaun said that the island economy was keen to explore ways and means to further enhance Pakistan-Mauritius bilateral trade and commercial ties. (Image: The Hindu) Pakistani President Mamnoon Hussain on Tuesday emphasized the need for concerted steps by...
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Africa: Businesses not geared for greater tax transparency

December 24, 2013 | It is worrying indeed for the continent that global businesses are still not prepared to implement the norms to provide open and clear financial data by the end of 2015, a deadline set by the G20. (Image: The Guardian) Even as Africa bleeds on illicit cash flows from the continen...
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Mauritius trade deficit for October down 10% as exports rise

December 24, 2013 | Revenue from sales of food and live animals drove up exports, which rose 13.6% year-on-year to Rs 8.13 billion, Statistics Mauritius said in a statement. (Image: ENL) Mauritius trade deficit for October stood at Rs 6.75 billion ($224 million), down 10 per cent compared to the ye...
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Nigeria set to overtake South Africa on cloud computing in 2014

December 24, 2013 | In a twist to the tale, the study concludes that, despite its current dominance, South Africa will be replaced by Nigeria with a wide margin as the leader in Cloud in 2014. (Image: Experts Integrated Systems) Nigeria will take a lead over South Africa on cloud computing by the e...
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World Bank to help Mauritius realize Ocean Economy potential

December 23, 2013 | The island economy is blessed with a maritime zone stretching over more than 2.3 million km2 and has enlisted the advisory services of the World Bank to harness its potential. Nothing can now stand in the way of Mauritius making it big on the international stage as an ocean econ...
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Sub-Saharan Africa bridges the digital divide with smartphones

December 20, 2013 | Lower prices of smartphones in the market allow people from different social classes to be part of the integrated ecosystem, tech giant Ericsson’s latest consumer insight report adds. (Image: Ericsson Consumer Insight Report) . Sub-Saharan Africa is one of the world’s faste...
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Where are the loans given to poor African countries going?

December 20, 2013 | Poor countries which are rich in natural resources but fail to account for how they use loan revenues, should not be provided with World Bank, IMF loans, says Daniel Kaufmann. (Image: Development Institute) Poor countries which are rich in natural resources but fail to account fo...
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Mauritius consumers can expect falling prices and lower inflation: MCCI

December 20, 2013 | According to latest figures from Statistics Mauritius, 2013 has been marked by stabilization of prices with an inflation rate of only 3.7 per cent. (Image: Getaway) In good news for consumers, the falling trend in prices seen from September to November 2013 is expected to be co...
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Mauritius among most searched destinations in Google’s Zeitgeist 2013 list

December 20, 2013 | The island made it to the top three most searched destinations for Indian travelers, showed Google's 2013 year-in-review list. (Image: accommodation.io) Mauritius made it to the top three most searched destinations for Indian travelers, showed Google's 2013 year-in-review list. ...
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COMESA-EAC-SADC meet in Mauritius to shape trade in Africa

December 19, 2013 | The aim is to allow member countries to reach a larger market with a single economic space and make it more attractive for investments and large scale production. (Image: GIS, Mauritius) Mauritius is playing host to a landmark meeting of the COMESA, EAC and SADC, which aims to ac...
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Foreign workers in Mauritius: Boon or Bane?

December 19, 2013 | With expatriate workers set to cross 40,000 by year-end, AfricaMoney asks Mauritians if these skilled workers are a boon to the economy or a bane to local workers’ employment prospects. ...
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African economies suffer on illicit cash flows and corruption

December 18, 2013 | The amount of money going out of the African continent, whether legally or illegally, is equal to Africa’s current total gross domestic product (GDP). (Image: Tax Justice Africa) A whopping $1.4 trillion in cash has been lost over the last 30 years in African countries on illic...
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Comoros hosts Indian Ocean Vanilla Islands meet

December 18, 2013 | Tourism representatives of five Vanilla Islands met in Moroni, Comoros, under the chairmanship of Seychelles Tourism Minister Alain St.Ange, also the sitting President of the Indian Ocean Vanilla Islands Organisation. (Image: eHabari) The Indian Ocean Vanilla Islands met this wee...
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Mauritius and Congo join forces for economic growth

December 17, 2013 | A draft agreement on special economic zones in Congo was signed by Mauritius’ Board of Investment and the ministry in charge of special economic zones (SEZs) at the Democratic Republic of Congo. (Image: Invest Mauritius) The island economy has joined forces with Congo for setti...
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More bonus for workers in Mauritius under revised Employment Act

December 16, 2013 | Labour Minister Shakeel Mohamed stated that, due to repeated requests from union activists, the ministry agreed on the amendment which is expected to guarantee a more just payout to employees. (Image: business.mega.mu) Union activists’ request to the Labour Ministry for fair...
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Youthspeak: Mauritius says no to corruption

December 12, 2013 | To mark the International anti-corruption day, AfricaMoney spoke to youth in Mauritius about what corruption means to them and how it impacts their day-to-day lives. For youth views on unemployment, see also our latest video: http://africamoney.info/foreign-workers-in-mauritius-boon-or-bane/...
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Mauritius in top five global economies on Internet Affordability Index

December 11, 2013 | The top five emerging countries highlighted in the report are as follows: Malaysia, Mauritius, Brazil, Peru, and Colombia. (Image: BGR) ICT hub Mauritius has once again shown its dominance in the technology landscape of Africa, and indeed, globally, featuring among the top five e...
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AFD allocates Rs 2 billion to Mauritius for clean energy

December 11, 2013 | The loan of 50 million euros has been provided to fund concrete and innovative energy efficiency projects and support government efforts to diversify the energy mix, currently largely reliant on coal. (Image: AFD) The renewable energy sector of the island economy just got a new ...
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National Energy Commission says CEB’s plan goes against sustainable Mauritius

December 11, 2013 | The report urges a new power forecast for the period of 2014 –2025, the new IEP for Mauritius, which must emerge to define a sustainable energy mix for 2014 -2025. (Image: Leal Group) Mauritius must get its act together, and soon, if Maurice Ile Durable (MID) is ever to transla...
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Will Nigeria snatch ‘largest African economy’ crown from South Africa?

December 10, 2013 | When Nigeria publishes the preliminary rebased gross domestic product (GDP) figures due out tomorrow, the results may show the size of the economy jumping by 40 percent. (Image: NLNG) That population is more a boon than a bane will be more than proved in the case of the booming ...
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Price alert: Mauritius’ November inflation slightly up at 3.5 pct

December 9, 2013 | The main contributors to price rise between October and November 2013 were vegetables, alcoholic beverages, cigarettes and motor vehicles. (Image: Mauritius attractions) The cost of living for the common man increased between October and November as annual average inflation measu...
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Financial expertspeak: ‘Mauritius is an important catalyst for Africa investments’

December 6, 2013 | Interview of Mr Rinsy Ansalam, CEO and MD, Bourse Africa. Rinsy Ansalam, CEO and MD, Bourse Africa, the first multi-asset class exchange in Mauritius, spoke to AfricaMoney on how the island economy has the potential to become a world-class financial hub....
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