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AfricaMoney | June 28, 2017

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Nigeria’s capital city is about to get a new heart: a brand new World Trade Center complex.

September 8, 2015 | Nigeria's new World Trade Center (WTC) poised to send its economy sky high, with construction nearing completion in Nigeria' capital city, Abuja where the complex will offer business, residential and commercial spaces and will be the first of its kind in West Africa. The construc...
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Rising Africa: 3rd ACOA event encourages collaboration to improve quality of life in Africa

May 18, 2015 | Mauritius had the honour of hosting the 3rd Africa Congress of Accountants (ACOA), a platform for finance professionals to share accounting and auditing best practices and innovations to increase accounting credibility in Africa, together with gro...
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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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Africa contributes top 5 developing economies on global IT Affordability Index

March 17, 2015 | Especially commendable is the case study of Nigeria, which, within just two years of launching its National Broadband plan, has established itself at the second place globally among developing economy on the Affordability Index for the Internet. (Image: http://www.dw.de) Across t...
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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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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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EU likely to disappoint while Africa may expect stronger growth: IMF report

October 8, 2014 | The primary takeaways for the island economy, from the latest edition of the International Monetary Fund's World Economic Outlook, are that Mauritius can expect its Expanded Africa Strategy to pay off, but there is little growth to be expected from its traditional trading partners in the EU....
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Bheenick nominated for Africa investor’s Central Bank Governor of the Year award

October 7, 2014 | The winner in this category, which has seven other nominees from across Africa, will be announced at the Africa investor (Ai) Investment & Business Leader Awards 2014, the longest standing international investment awards, on October 9, 2014. (Image: Ai, File Photo from 2013 awards) ...
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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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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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Opportunity for Mauritius as gateway to Africa as PwC points next 10 biggest cities

August 20, 2014 | According to the Global Economy Watch report, most Western companies already have some presence in at least one of SSA’s ‘Top 3’ populous cities - Nigeria’s Lagos, Democratic Republic of Congo’s Kinshasa and South Africa’s Johannesburg - but it is the ‘Next 10’ biggest cities...
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Mauritius Cabinet notes crucial economic decisions on water; health & climate change

August 11, 2014 | The Cabinet noted the health ministry’s preventive measures against the Ebola Virus disease that is currently raging in parts of West Africa – particularly Guinea, Sierra Leone, Liberia and Nigeria – and has claimed upward of 880 lives. (Image: PMO) The Mauritius Cabinet t...
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Infrastructure spend in Sub-Saharan Africa to grow 10% a year over next decade

August 8, 2014 | Nigeria and South Africa dominate the capital project and infrastructure market in the region but other countries like Ethiopia, Ghana, Kenya, Mozambique, and Tanzania are poised for growth as well. (Image: Report) Infrastructure spending in Africa is expected to grow considerabl...
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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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Africa loses oil money as governments strike shadowy deals with Swiss traders

July 25, 2014 | Governments in Sub-Saharan African countries sold from 2011 to 2013 over 2.3 billion barrels of oil amounting to more than $250 billion, equal a staggering 56% of their combined government revenues, according to the Big Spenders report. (Image: Frontier Market Network) Sub-Saha...
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Barclays Africa named Best Investment Bank & M&A House in the continent

July 25, 2014 | Besides, the monthly financial magazine has rated Guaranty Trust Bank Plc as the best bank in Nigeria and Africa at a glittering awards ceremony held at London’s Natural History Museum on July 10, 2014. (Image: Euromoney) Barclays Africa Group was crowned with twin glory at the...
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Islamic banking: Mauritius to cement status as offshore financial hub

July 24, 2014 | Bank of Mauritius governor Rundheersing Bheenick has for long advocated issuing a sovereign sukuk, and was instrumental in bringing the Islamic Finance Service Board annual summit to the Mauritius in May. (Image: Luthfullah Azeez Blog) With the intention of strengthening the econ...
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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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Mauritius among top three destinations in Sub-Saharan Africa for US & Japan FDI

July 14, 2014 | The report by Washington-based nonprofit public policy organization, Brookings Institution, analyses the investment flows between Sub-Saharan Africa and its major partners – the US, China, the European Union (EU) and Japan. (Image: China.org.cn) Mauritius features among the top...
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Africa must take charge of its health to generate wealth

July 10, 2014 | Only thirty-seven African countries boast pharmaceutical production on any scale, although only South Africa produces active pharmaceutical ingredients (API), the central ingredient for any medicine. (Image: Pfizer) A shocking fact: Africa, with over 14% of the world’s populati...
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Mauritius tourism makes inroads in Nigeria

July 10, 2014 | The One&Only Resort Le Saint Geran, Mauritius, and South African Airways (SAA) Nigeria, have joined hands to promote Destination Mauritius. (Image: The One and Only Resorts) Africa calling seems to be the theme for Mauritius tourism, and what better way to boost visibility in th...
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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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Drilling deep: Mauritius may overthrow South Africa as mining deals’ regional hub

July 1, 2014 | The island country, whose economy is non resource-based, has reportedly made strides in setting up its capital city as the finance hub for mining sector financial deal structuring (Image: Paradise in the World) Despite leading the Southern Africa regional foreign direct investmen...
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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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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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Africa on way to boost its technological competence

June 4, 2014 | The Cyber Nigeria Forum & Cyber Africa Innovation Awards, which started in Nigeria in 2009, have since then provided a platform not only for service providers to share their innovative edge, but also learn how to follow global technology trends. (Image: Earth integrate) The thir...
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