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AfricaMoney | September 22, 2017

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Finance

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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Finance ExpertSpeak:Financial centers are not just about tax advantage but more so about wealth generation potential

July 9, 2015 | Aaron Low, who chairs the CFA Institute's Board of Governors out of Singapore, spoke to AfricaMoney  on how Singapore is being modeled as a pro-business economy that constantly strives to be ahead of the winds of change in the Asian continent with the most advanced banking sector in Asia....
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Financial ExpertSpeak: Mauritius a victim of own success; tough to change economic narrative from tourism

June 25, 2015 | Samantha Seewoosurrun, a professional consultant in the Financial Services sector, spoke to AfricaMoney  on how there is a great deal of competition to become the pre-eminent International Financial Centre within Africa; also, Mauritius may be a victim of its own success, with its tourism m...
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Accounting ExpertSpeak: Right decisions can be taken only if credible information is held

June 4, 2015 | Olivia Kirtley, President of the International Federation of Accountants (IFAC), spoke to AfricaMoney on the importance of the accounting profession as the foundation of a robust economy. Our accounting expert noted that it is availability of credible information that promotes transparency a...
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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’ FSC suspends Belvedere Management licence upon non compliance

May 4, 2015 | The Financial Services Commission (FSC) of Mauritius has suspended the management license of Belvedere Management Ltd upon noncompliance and this suspension follows action taken by the Financial Services Commission in Guernsey against funds managed by Lancelot Management.(Image: Moneyhub.co)...
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Mauritius sugar major Omnicane sees pretax profits plunge 52% on lower prices & strike

May 4, 2015 | Mauritius sugar major Omnicane Ltd posted a marginally lower turnover by 1.3% at Rs 3.88 billion but pretax profits fell by a significant 52.6% to Rs 269.35 million for the full year 2014 upon lower sugar prices together with workers’strike, compounded by a dampened performance of its Holi...
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IMF scales down Sub-Saharan Africa’s growth rate in 2015 as global oil prices drop

May 1, 2015 | The International Monetary Fund announced lower growth rates for Sub-Saharan African economies in 2015 following the slump in global crude prices, incidence of terrorism and the outbreak of the Ebola virus.(Image:spyghana.com) Sub-Saharan Africa enjoyed robust economic growth of ...
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Secure international trade transactions and avoid hidden cost traps: MCB

April 29, 2015 | MCB hosted an event on international trade, where it was noted that the latter is gaining a lot of attention in today’s connected world, making securing your transactions increasingly important - moreover arbitration and mediation can be the most appropriate way to resolve issues in a quic...
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Stock Exchange of Mauritius sees indices dip as banking stocks disappoint

April 27, 2015 |  The Stock Exchange of Mauritius continues its decline upon low confidence among investors in the financial services sector, given the recent Ponzi scheme in excess of Rs 25 billion, and compounded last week by misleading information pertaining to an allege...
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Investor-State Arbitration: Mauritius to sign UN Convention on Transparency

March 13, 2015 | The signing and ratifying of this Convention demonstrates the determination of the island economy's Government to introduce openness and accountability in the field of investor-State arbitration and promote Mauritius as a regional and international arbitration hub.(Image: 4.bp.blogspot)Read More

Mauritius Budget 2015: Mauritius Tax Payers Association demands increase the threshold of exemption

September 4, 2014 | The association pronounced in favour of a general increase of Rs 15,000 of the scales of fiscal exemption granted to various categories of taxpayers, which would carry the deductible amount of every category. (Image: business.mega.mu) Mauritius Tax Payers Association sent its rec...
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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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African Development Bank grants Rs 14 million to Mauritius for dam projects

July 25, 2014 | The AfDB funds will cover hiring of experts for the design and construction of the ‘Rivière des Anguilles’ dam and ‘La Ferme’ dam, helping to enhance the capacity to capture and store rainwater to mitigate scarcity during seasonal droughts. (Image: Alexandra Lindberg) In...
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Mauritius to get EUR 88 mn from EU for socio-economic reform

July 9, 2014 | Mauritius has earned the budget support because it fulfills the eligibility criteria of a well-defined macro-economic framework; transparent, accountable and effective public expenditure management; and open and transparent public procurement system. (Image: NY Times) The Europea...
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Going green: Global Environment Facility grants Rs 345 mn to Mauritius for 2014-18

July 4, 2014 | During the current GEF-5 replenishment period, July 2010 to June 2014, Mauritius received an indicative allocation of Rs 238.58 million to formulate and execute projects across bio-diversity, climate change and land degradation projects (Image: UNEP) The Global Environment Facil...
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Mauritius releases best practice guidance notes for audit committee members

July 3, 2014 | Mauritius President Kailash Purryag (second from right) noted that the government decided last year to revise the method of functioning of audit committees for minimizing queries during audit inspections and avoiding wastage of precious public resources. (Image: Cecilia Samoisi) ...
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Mauritius among small island developing states attracting most capital spending

July 2, 2014 | Transnational corporations (TNCs) from developing and transition economies focused their interest mainly in four SIDS – Papua New Guinea, Maldives, Mauritius and Jamaica – accounting for 89% of their announced capital spending over 2003-13. (Image: Jamaica Information Service) ...
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Mauritius to get ocean economy pointers at UN Small Island Developing States summit

June 23, 2014 | The Sustainable Development Goals 'zero-draft' document lists 17 suggested topics to replace the Millennium Development Goals (MDGs) that expire next year, and includes climate change as a development goal. (Image: Norway UN) The island economy can look forward to tips on develop...
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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: Tighter norms for global business companies to benefit economy

December 26, 2013 | The FSC and SEBI (India’s capital markets regulator) have been exchanging information for years, said FSC chairperson Marc Hein. It increasingly appears that it is not just to appease a suspicious India, but that Mauritius truly believes that imposing ‘substance requirements...
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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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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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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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