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AfricaMoney | October 16, 2017

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Obama on state visit to Kenya & Ethiopia; lauds Africa as hub for global economic growth

July 27, 2015 | US President Barack Obama’s Africa visit includes Kenya, making him the first US president to visit that country, where he highlighted at a Global Entrepreneurship Summit in Nairobi that incomes are up and the middle class is growing, thus creating incredible opportunities not only for Afr...
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Economic ExpertSpeak: Africa has tremendous potential but must ensure inclusive growth

April 16, 2015 | Jeff Gable, Head of fixed income and macro research at Barclays, spoke to AfricaMoney on the potential sectors to be exploited in Africa and the stock markets' capacity to general favourable returns. He also touched upon the labour market situation in the continent and highlighted that devel...
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Mauritius to create new lender ‘National Commercial Bank’ to take over Bramer

April 8, 2015 | Speaking at the Parliament yesterday, Mauritian Finance Minister Vishnu Lutchmeenaraidoo noted that the National Commercial Bank, formed to take over Bramer Bank, will be given an operating licence by the end of this week. (Image: leboncoin.nu) Mauritius will create a new company...
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Kenya: Nairobi snags smartest African city title; makes it to top 21 globally in ICF list

March 3, 2015 | The avant-garde ICT policy of the Kenyan government has convinced technology-focused multinationals to set up a structure in Nairobi. (Image: Siegfried Modola/IRIN) The Intelligent Community Forum (ICF) has crowned Kenya`s Nairobi as the smartest city in Africa, making it the se...
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Mauritius Commercial Bank gets central bank approval for Kenya foray in 2015

December 12, 2014 | MCB noted that Kenya is an inevitable platform for a company reaching out to East Africa and the African Great Lake region. (Image: GHA) The Africa strategy adopted by the MCB Group, the biggest bank by market value in East Africa and the Indian Ocean region, has hit a new mile...
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Mauritius tourist arrivals up 4.5% year-on-year till September

October 13, 2014 | This overall spike in tourists to Mauritius was mainly driven by Asia, which saw a 23.1% rise in its total footfalls to the island economy to 121,352, against 98,550 tourists for the corresponding period of 2013 (Image: OneTikk) Mauritius’ tourism sector saw significant improve...
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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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Financial ExpertSpeak: Africa must build its own savings to drive its own destiny

October 9, 2014 | Dr Gachao Kiuna, CEO of TransCentury, a Kenya-based infrastructure mammoth, noted that Mauritius has made tremendous strides in infrastructure that can be replicated successfully outside of the island economy. (Image: Company) Dr Gachao Kiuna, CEO of TransCentury, a Kenya-ba...
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Sub-Saharan Africa to see remittances rise to USD 33 bn in 2014: World Bank

October 8, 2014 | The World Bank notes that remittances to the region are expected to rise 3.2% to around USD 33 billion in 2014 from USD 32 billion in 2013—a significant acceleration from the modest growth of the preceding two years. (Image: Bloomberg) Sub-Saharan Africa is expected to receive ...
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Kabir Ruhee of Rogers Technologies Mauritius in top 200 African biz leaders

October 2, 2014 | Besides a ranking of the first 100 established economic leaders from the 1st to the 100th place, there is also a second list of emerging economic elites ranked between the 101st and 200th place, which features Kabir Ruhee, the 36-year-old general manager of Rogers Technologies. (Image: Compa...
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Economic ExpertSpeak: Omnicane targets greater value-add in sugar production

October 2, 2014 | CEO of Mauritius-based sugar major Omnicane, Jacques d'Unienville, spoke about the company’s noteworthy achievements in terms of diversifying its activities, as well as expanding into different geographies (Image: Imagine) Jacques d'Unienville, the CEO of Mauritius-based sugar ...
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Mauritius & Cabo Verde take top 2 slots in 2014 Ibrahim Index of African Governance

September 30, 2014 | Mo Ibrahim, chairman of the Mo Ibrahim Foundation that compiles the IIAG index, unveiled the index at a press conference held at the University of London on Monday, 29 September 2014. (Image: Nazret) Mauritius was ranked first in the Ibrahim Index of African Governance (IIAG),...
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Trade facilitation plays key role in nation’s competitiveness: Mauritius infra minister

August 5, 2014 | A two-day Business and Trade Facilitation Workshop by the Indian Ocean Rim Association (IORA) started yesterday, August 04, 2014 at the Hennessy Park Hotel, in Ebène, with more than 30 delegates from 20 IORA Member States. (Image: ASPI/ File Photo Nov 2013) Trade facilitation h...
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Mauritius ranks 2nd in Africa on Human Development Index 2014

July 31, 2014 | The 2014 Human Development Report 'Sustaining Human Progress: Reducing Vulnerabilities and Enhancing Resilience' being launched on 24 July in Tokyo by Japanese PM Shinzo Abe (Image: Reuters) Mauritius has been ranked second in Africa after Libya on human development, with the tw...
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MCB Group ranks 20th among African banking groups: The Banker

July 31, 2014 | Also, under the MCB Rodrigues Scholarship program, three grant holders, namely Ludmilla Larcher, Jessika Momus and Anielle Espiègle (from left to right), were awarded scholarships at the MCB Head office in Port-Louis today, July 31, 2014. (Image: Cecilia Samoisi) The recent ...
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Mauritius leads innovation in Sub-Saharan Africa; ranked in Top 50 globally

July 21, 2014 | Mauritius (40th), Seychelles (51st) and South Africa (53rd) are the only three Sub-Saharan African countries to hit the upper half of the Global Innovation Index rankings this year. (Image: ZD Net) Mauritius yet again leads the region on innovation, having been ranked 40th world-...
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Pan-African telco Internet Solutions to extend network by three points of presence

July 16, 2014 | Lesotho, Swaziland, and Malawi are the countries that have been provided with the new PoPs as the company wants to boost its capacity to support business in Africa. (Image: Mybroadband) Pan-African telecommunications services provider, Internet Solutions (IS), which is also pres...
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Mauritius ranked second on power of passports among African nations

July 15, 2014 | The Mauritian passport – which grants access without a visa or by receiving one upon entry to 123 countries – has been ranked as the second most powerful passport in Africa after Seychelles. (Image:CNN) More than a simple grant of access to country, passports and the visas s...
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African banks gave highest returns on capital in 2013: The Banker

July 8, 2014 | The report also shows that 31 banks in Africa yielded the highest returns to shareholders in 2013 and features State Bank of Mauritius (SBM) among the top 5. (Image: Grand Baie) The Banker magazine released its 2014 Top 1000 Banks ranking last week which showed that African banks...
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Mauritius among top countries investing in new renewable power projects: report

July 8, 2014 | Recently released by the Renewable Energy Policy Network, the 2014 edition noted that South Africa led the African continent in renewable investments, followed by Kenya, Mauritius and Burkina Faso. (Image: Davies Consulting ) Mauritius ranks second globally among countries for s...
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Stock Exchange of Mauritius plans to boost value of its markets

July 4, 2014 | The exchange is making rules for listing easier, including allowing multiple currencies, as it seeks to attract more and more foreign companies to sell shares on the bourse. (Image: Mashable) The Stock Exchange of Mauritius plans to boost the value of its markets to match the si...
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Mauritius biggest improver in small island developing states on e-government: UN

June 30, 2014 | The island improved its global rank from 93rd to 76th out of 193 member states of the United Nations and is ranked second in Africa after Tunisia. (Image: Open text) Mauritius has emerged as the second highest-ranked countries in Africa, improving its rank from 93rd to 76th out...
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Mauritius to host the 3rd Africa Congress of Accountants in May 2015

June 25, 2014 | 2 Bheem Ramruttan, CEO, Mauritius Institute of Professional Accountants (MIPA), Vickson Ncube, CEO of the Pan-African Federation of Accountants, and Clifford To, MIPA Chairman (L to R), at a pre-launch presentation held to unveil the theme of the conference "Rising Africa: Partnering for Resul...
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Mauritius: Climate change eroding competitiveness of Small Island Developing States

June 24, 2014 | Mauritius Environment Minister Devanand Virahsawmy stressed that climate change is affecting the progress of SIDS on their respective sustainable development pathways (Image:File Photo/IISD) Climate change is causing serious repercussions on the economic competitiveness of Small...
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Mauritius hotel occupancy rate to fall to 61.5% in 2018 from 63.3% in 2013: PwC

June 20, 2014 | With several renovations and projects lined up in the industry, the number of available hotel rooms is expected to increase at a 2.9% compound annual rate to 14,250 in 2018. (Image: Mauritius attractions) Mauritius tourism woes are set to intensify as global consulting major Pric...
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Kenya woos Mauritian firms by enacting double tax avoidance agreement

June 18, 2014 | Kenya now offers a favourable environment for companies registered in Mauritius who are seeking to invest locally since they will not only avoid double taxation, but enjoy friendlier taxes. (Image: IMF) Kenya has ratified its double taxation avoidance agreement with Mauritius ami...
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Mobile internet usage in Sub-Saharan Africa to be twice the global rate by 2019

June 11, 2014 | Mobile users are showing a marked preference for using their devices to complete a variety of activities that are normally performed on laptops or desktops. (Image: Ericsson) Mobile internet usage in Sub-Saharan Africa will increase to twice the global rate to attain 930 million ...
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Mauritius Union Assurance acquires stake in Kenya’s Phoenix Transafrica

June 4, 2014 |

The transaction, which is currently estimated at around Rs 685 million (USD 22.6 million), will be partly financed from MUA's own resources, together with a bond issue. (Image: Adenia)

Financial services major Mau...
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Tax haven alert: Mauritius blamed for heavy taxes on the average Kenyan

April 21, 2014 | Kenyans blame the island economy for a high tax incidence on the common man through heavy consumption taxes such as value added tax (VAT), as big companies are not contributing enough to the government coffer and corporate tax collections are taking a hit. (Image: Nairobi Digest) ...
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Rwanda emerges as first choice for retail businesses in Sub-Saharan Africa

March 21, 2014 | The report predicted that by 2020, nearly half of all Africans will be living in cities, and, as disposable incomes rise, consumer spending will grow to almost $1 trillion. (Image: ARDI) The 2014 African Retail Development Index (ARDI) launched on Monday by global consulting majo...
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