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AfricaMoney | August 18, 2017

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Mauritius

Mauritius’s GDP will expand by 3.7% in 2016 as per the World Bank Global Economic Outlook 2016.

January 12, 2016 | Mauritius's Gross Domestic Product (GDP) will expand by 3.7% in 2016 as per the World Bank Global Economic Outlook 2016 report. Sub-Saharan Africa growth faces a challenging near-term outlook after slowing to 3.4% in 2015, adding that activity is expected to pick up to 4.2% ...
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Tourist arrival in Mauritius for 2015 inched up by 10.9% with December welcoming the highest level of tourists.

January 11, 2016 | Tourist arrival in Mauritius for 2015 inched up by 10.9% with December welcoming the highest level of tourists. From January to December 2015, France, Reunion and UK maintained their places in the top three source markets for inbound tourists to Mauritius, with 254,362, 143,834 and 129,796 r...
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Mauritius headline inflation rate for the twelve months ending December 2015 works out to 1.3% lower than 2014.

January 8, 2016 | The main reasons for the net decrease in the CPI on a monthly basis between November 2015 to December 2015 were lower prices of `Furnishings, household equipment and routine household maintenance` and `Transport` culminating in year-on-year inflation of 1.3 % in December and a headline infla...
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Mauritius: Maubank Ltd to Spearhead the SME Sector

January 7, 2016 | Mauritius banking sector welcomes Maubank Ltd on the 4th January 2016 upon the incorporation of the Mauritius Post and Cooperative Bank (MPCB) and the National Commercial Bank (NCB). The bank main activity is to spearhead the SME Sector in Mauritius, through the introduction of in...
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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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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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Bank of Mauritius survey shows net foreign assets at Rs 150.3 bn for week ending December 11.

December 23, 2015 | Estimated net foreign assets for the week ended 11 December 2015 stood at Rs 150.3 billion in Mauritius, said the central bank’s weekly survey, and concerning the monetary base of Rs 71.5 billion, it comprised Rs 29.6 billion for currency in circulation, Rs 41.5 billion for liabilities to ...
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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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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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Bank of Mauritius survey shows net foreign assets at Rs 148.7bn for week ending November 20.

December 1, 2015 | Estimated net foreign assets for the week ended 20 November 2015 stood at Rs 148.7 billion in Mauritius, said the central bank’s weekly survey, and concerning the monetary base of Rs 67.9 billion, it comprised Rs 27.9 billion for currency in circulation, Rs 40.0 billion for liabilities to ...
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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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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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MCB and SBM consider stake in CARE Ratings’ Mauritius arm, as the rating company attempts to foray in the Dark Continent.

November 20, 2015 | Two leading banks in Mauritius, the Mauritius Commercial Bank and State Bank of Mauritius together with the African Development Bank are likely to buy about 20-22% stake in the Credit Ratings (Africa) Pvt Ltd as the company attempts to foray in the Dark Continent. The new venture with an ini...
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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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