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AfricaMoney | November 7, 2016

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Mauritius’ industrial development serves as shining model for Madagascar

May 5, 2015 | Special economic zones are being set up in Madagascar where Mauritian expertise is being used as a reference point, posing an opportunity for both countries to attract foreign investment in sectors ranging from agriculture, manufacturing, financial services, and renewable energy to infrastru...
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Economic forum of Indian Ocean islands assesses regional economic cooperation

October 24, 2014 | This tenth edition is considered a golden opportunity to assess the decade of economic cooperation and business partnerships at the regional level, spurring the Union of Chambers of Commerce and Industry of the Indian Ocean (UCCIOI) to present its road map for the next few years to come. (Im...
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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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Mauritius exports swing up 2% to hit Rs 29.37 bn in first six months of 2014

August 5, 2014 | Export-Oriented Enterprises (EOEs) particularly performed well, with the value of exports from EOEs increasing at a faster rate of 2.74% to Rs 23.65 billion, compared to the growth rate of total domestic exports at 1.91%. (Image: CHCL) Mauritius witnessed around 2% rise in expor...
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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: 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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World Environment Day: Small Island Developing States combat climate change

June 10, 2014 | Accordingly, “Raise your voice, not the sea level,” was the United Nations' chant on the World Environment Day. (Image: Updates Nation) On the occasion of the World Environment Day on June 5, 2014, the United Nations Development Program (UNDP) chose as its theme the Small Isl...
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Mauritius’ CIEL & Madagascar’s First Immo buy 51% stake in BNI bank

June 10, 2014 | The documentation for the acquisition of 51% of share capital of BNI Madagascar, currently held by Crédit Agricole SA, was signed on June 6, 2014 by Indian Ocean Financial holdings Ltd (IOFHL), a consortium formed by CIEL and First Immo. (Image: CIEL) A consortium formed by Maur...
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ICT in focus: Web Cup to be held in Indian Ocean Region on 7 & 8 June

May 5, 2014 |

The Web Cup 2014 is a 24-hour website creation challenge to be held on 7 and 8 June 2014 across Mauritius, Réunion Island, Madagascar, Comoros, Seychelles and Mayotte. (Image: Reunion WebCup)

Economies across ...
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Africa on top: Madagascar’s Alex Ismail in driver’s seat at Automation and Control Solutions

April 25, 2014 |

Alex, who slid comfortably into the driver’s seat at ACS, was until recently President of Honeywell Energy, Safety, and Security (ESS) within ACS, where he was responsible for overseeing five divisions.

Alex Isma...
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Indian Ocean tourism gets record visibility with Seychelles Carnival

April 17, 2014 | Jointly co-hosted by Seychelles, La Reunion, Madagascar, Mayotte, and South Africa KwaZulu Natal, the Carnival International de Victoria, which is in its fourth edition, has registered a record-breaking number of international press converging to the islands to cover the event. (Image: Grand...
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Mauritius taps Indian Oil Corporation for storage unit; refinery up next?

April 2, 2014 | This represents a great market opportunity as there is actually no refinery in the region except one in Madagascar, which is non-functional, and another in South Africa that barely meets the country’s requirement, leave alone the rest of the continent. (Image: Processing Magazine) Read More

CIEL to acquire 51% of BNI Madagascar’s share capital

April 1, 2014 | Globally reputed French bank Crédit Agricole had been on the look-out to sell its stake in its financial services subsidiary BNI Madagascar for some time. (Image: African Markets) After several months of negotiation, Indian Ocean Financial Holdings Ltd (IOFH) has finally receive...
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IOC members increase collaboration in fight against illegal fishing

February 25, 2014 | The aim behind this new strategy is to promote responsible fishing to benefit from it in a sustainable manner, and to protect the Indian Ocean from massive and destructive illegal fishing practices. (Image: Conservation) To power its fight against illegal fishing, the Indian Oce...
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Mining Investment Guide: Eight South African countries in top 20

February 4, 2014 | South Africa, Zimbabwe, Namibia, Botswana, Mozambique, Zambia, Madagascar and Malawi figure among the top 20 “most exciting African mineral jurisdictions” (Image: Drives South Africa) South Africa, Zimbabwe, Namibia, Botswana, Mozambique, Zambia, Madagascar and Malawi figure ...
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White House to host first US-Africa Leaders Summit in August

January 24, 2014 | Besides advancing the US’s focus on trade and investment in Africa, the Summit also seeks to build on the progress made since Obama’s trip to Africa last summer. (Image: AFP) In a growing recognition of the emerging continent as one of the most dynamic and fast-growing region...
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IOC Heads of State summit slated for July at Comoros

January 22, 2014 | Secretary General Jean Claude de l'Estrac noted that greater connectivity by air is a major concern for member states. (Image: IOC website) The 4th Summit of Heads of State and Government has been scheduled for July at Comoros, according to Jean Claude de l'Estrac, Secretary Gene...
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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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