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AfricaMoney | November 6, 2016

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Digital Banking and the Omnichannel

June 7, 2016 | What is Digitalisation? Digitalisation refers to the integration of digital technologies into our everyday lives. Much of what we do, where we go, what we say, where we say it can be  captured online or tracked by smart devices that record us in the form of data. This data is...
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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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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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Net foreign assets at Rs 141.8 bn for week to 4 Sept 15: Bank of Mauritius

September 16, 2015 | Mauritius’ estimated net foreign assets for the week ended 4 September 2015 stood at Rs 141.8 billion, noted the central bank in its weekly survey, while the monetary base comprised Rs 28.8 billion for currency in circulation and Rs 39.6 billion for liabilities to other depository corpora...
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The Expert Explains: Why is there sudden need to regulate NGOs in Africa?

August 13, 2015 | Over the past two years, a new development has come to the surface in a number of capitals across continental Africa and it is one which has generated a great deal of interest both in Africa and elsewhere. The issue is the trend – one which appears to be developing growing momentum – to ...
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Financial ExpertSpeak: Business today must adopt Global Reporting Initiative framework

July 23, 2015 | Prakash (Sanju) Deenapanray, Director of Ecological Living In Action (ELIA), spoke to AfricaMoney about the widespread adoption of the Global Reporting Initiative (GRI) framework. He noted that businesses today must follow GRI reporting, giv...
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Mauritius: Keats & Mayflower students woo InnovEd jury with innovative ideas

July 7, 2015 | InnovEd 2015, an NPCC initiative that is sponsored by the MCB, brought out the creativity in secondary school students on environment-friendly projects, where it was the Keats and Mayflower Colleges that secured first position under separate categories, courtesy their students' brilliant inn...
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Mauritius & India finalise tax treaty; close out negotiations at long last

July 1, 2015 | The Mauritian delegation in India, headed by financial secretary Dev Manraj, came to an agreement that finally resolves the prolonged dispute over the island's Double Tax Avoidance Agreement (DTAA) with India, which now offers more clarity and predictability to foreign investors.(Image:llpol...
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Net foreign assets at Rs 136.1 bn for week to 19June15: Bank of Mauritius

July 1, 2015 | Mauritius' estimated net foreign assets for the week ended 19 June 2015 stood at Rs 136.1 billion, noted the central bank in its weekly survey, while the monetary base comprised Rs 27.3 billion for currency in circulation and Rs 41.2 billi...
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CFA institute promotes Mauritius-bound investment vide business forum

June 29, 2015 | 'Laddering up the value chain: building substance in the Mauritius International Financial Centre' was the theme of the conference organised by the CFA Society of Mauritius and the project, titled 'Future of Finance,' shall allow Mauritius to position itself better on the financial services ...
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Mauritius’ Phoenix Foundation remits cheques totalling Rs 4 mn to 22 NGOs

June 26, 2015 | Mauritius' Phoenix Beverages, under its CSR wing, the Phoenix Foundation, has donated Rs 4 million to 22 NGOs, which is in keeping with its culture of supporting organizations to help people integrate better in society.(Image: Company) Mauritius' Phoenix Beverages remitted Rs 4 m...
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Mauritius and China to connect better with 28 weekly flights

June 12, 2015 | Mauritius and China are boosting air connectivity with the introduction of 28 weekly flights between the two countries as well as signature of an MoU on strengthening comprehensive civil aviation cooperation with the Civil Aviation Administration of China. ( ...
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Mauritius sees year-on-year inflation decline to 0.5% in May 2015

June 8, 2015 | In Mauritius, vegetables recorded a drop in prices between April to May 2015, while fish, interest on housing loans and motor vehicles prices were higher, thus leading to a lower CPI for May 2015 against April 2015.( Mauritius saw year-on-yea...
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Sun Resorts concludes full acquisition of Anahita Hotel upon buying Kingdom 5-KR-182

June 2, 2015 | Mauritian hospitality major Sun Resorts now fully owns Anahita Hotel Limited upon acquisition of Kingdom 5-KR-182 Ltd, which reinforces the development strategy of the hotel to enter into agreements with renowned hotel groups while continuing to develop its ...
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Mauritius’ BoI to launch one-stop shop to streamline setting up of new firms

May 28, 2015 | The One-Stop Shop is an initiative of the Board of Investment (BoI) to provide investors with comprehensive information and professional support to conduct business in compliance with all regulations in force, and will be available in Mauritius as from 1 July 2015. (
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Vivo Energy Mauritius keeps growing amidst dollar rise

May 19, 2015 | Lower volatility in oil prices proved favourable for Vivo Energy Ltd, which reported a growth in gross profit by 3.7% to Rs 197.4 mn for the quarter ended March 2015, despite a declining sales level, as cost of sales was more than correspondingly lower for the quarter. (Image: Company)Read More

MIoD: Risk management expert Bert van Walbeek sheds light on crisis communication

May 12, 2015 | The Mauritius Institute of Directors (MIoD) organised a crisis management workshop with the guest speaker being Bert van Walbeek, a global expert in risk management, who addressed the floor on how a corporate crisis can be properly managed, and provided details on how communication should fl...
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2015 to mark the year of mobile payments

May 9, 2015 | Mobile payments are rapidly gaining ground with their multifaceted usage and today 1 billion of the world’s 2.5 billion unbanked people have access to a mobile phone to make payments. ( ) 2015 can easily be declared the year of mobile payments. What with Fac...
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Lottotech’s earnings dented by tight measures on gaming sector in Mauritius Budget 2015

May 7, 2015 | Mauritian gaming major Lottotech sees its financial performance dampened as the government tightens control on the gaming industry, leading to a 54.4% drop in profits and a 26.9% decline in gross ticket sales for the quarter ended March 2015. (Image:Company) Mauritius gaming majo...
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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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MCCI: Mauritius business confidence up in 1st quarter 2015as domestic demand recovers

April 30, 2015 | The business confidence index for Mauritius is favourable, depicting slow economic recovery and positive consumption confidence in the first three months of 2015; although certain sectors continue to be at risk, causing the future economic environment to depend on the performance of the upco...
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Phoenix Beverages launches augmented reality bottles; a first in Mauritius

April 29, 2015 | Beverage major Phoenix beverages is the first company in Mauritius to launch bottles with augmented reality features to be made available over the next three months, where unique characters come to life in 3D as soon as you scan the bottle with your mobile phone after downloading the Appleti...
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Mauritius PM finds solution to compensate BAI’s Super Cash Back Gold policyholders

April 27, 2015 | The Bramer Banking Corporation Ltd has been taken over by the National Commercial Bank, the BAI is now in the hands of the National Insurance Company and finally, a solution has just been announced by the Mauritian PM for BAI’s Super Cash Back Gold insurance policyholders, bringing a greater degre...
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Cloud ERP Software goes from ‘nice to have’ to ‘must have’

April 24, 2015 | The elevated expectation of ERP users means that complementary technologies are no longer an option or afterthought, but a built-in standard - and responsiveness and flexibility are topmost priorities. (Image: Anglo African)  A study from Software Advice shows t...
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Mauritius PM on World IP Day: IP an asset for knowledge-based economy

April 24, 2015 |

Mauritian Prime Minister Anerood Jugnauth called IP an "economic asset for a knowledge-based economy", at a workshop organised by the National Computer Board of Mauritius and the US Embassy on World Intellectual Property Day. (Image: More

Construction prices on the rise: Statistics Mauritius

April 23, 2015 |

Mauritius' construction price index saw a rise of 1.4% in the first quarter of 2015 to hit 113.9 compared to 112.3 for the last quarter of 2014. (Image:

The increase in prices of cement by 0.7%, timber carpentry by 0.6% and sanitary installation by 0.3% were t...
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Mauritius: Economist Intelligence Unit projects 3.7% growth rate in 2015

April 22, 2015 | The EIU has projected a higher growth rate of 3.7% for Mauritius in 2015, provided the European economic recovery rate of 1.3% is sustained, while a lower growth rate will adversely influence the growth rate of the island economy as well. (Image:Composite) The Economist Intellige...
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Africa Finance&Investment Forum 2015 to mull access to finance&entrepreneurship

April 22, 2015 | The Africa Finance & Investment Forum (AFIF) 2015 forum will take place in Cape Town, South Africa over 24 and 26 November, with talks this year expected to centre on the emerging continent's access to finance, and entrepreneurship.( AFIF  is an annual busi...
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Bank of Mauritius weekly survey shows net foreign assets of Rs 138 bn on April 10 2015.

April 22, 2015 | Estimated net foreign assets for the week ended 10 April 2015 stood at Rs 138 billion, said the Bank of Mauritius weekly survey and concerning the monetary base, it comprised Rs 28.2 billion for currency in circulation, Rs 46.6 billion for liabilities to other depository cor...
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MPC projects favourable economic conditions for Mauritius in 2015

April 21, 2015 | Minutes of the MPC meeting indicate that the key repo rate of 4.65% was maintained upon the recent budgetary measures announced to kick-start investment amid subdued inflation, whereby the BoM would come up with a new monetary policy framework to mop up the excess liquidity in the banking sy...
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