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AfricaMoney | November 6, 2016

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Mauritius & Zimbabwe central banks collaborate on cross-border bank supervision

December 1, 2014 | With the island economy signing an MoU with the Reserve Bank of Zimbabwe for cross-border banking supervision, the total number of agreements which the Bank of Mauritius has entered into with foreign counterparts for cross-border cooperation has come unto a significant fourteen. (Image: AA...
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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-based AfrAsia’s Zimbabwe unit seeks $100 million of fresh capital

July 1, 2014 | This follows a shareholder approval on Friday June 27, 2014 to increase the company’s preference share capital, due to high demand. (Image: AfrAsia) Two months after Mauritius’ financial services major AfrAsia Bank said it would inject $20 million (approx Rs 607.60 million) f...
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AfrAsia Bank capitalizes on regional growth; ups stake in Zimbabwe arm to 62.5%

May 2, 2014 | CEO James Benoit explained that AfrAsia had identified an international investor coming in for $10 million with whom they would be partnering to invest another $10 million, infusing fresh capital of $20 million into the group. (Image: AfrAsia Bank) Mauritian financial services ma...
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EU-Africa summit held; EU to grant Mauritius Euro 4 million for green projects

April 3, 2014 | The amount is being sanctioned for the National Indicative Programme related to the energy sector, for the sustainable use of ethanol in the production of energy. (Image: European Council) Mauritius will be granted Euro 4 million for green projects, according to discussions held ...
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Mauritius consortium eyes controlling stake in Zimbabwe’s Allied Bank

March 7, 2014 | With the investment in Allied Financial Holding, several lines of credit will open for its banking unit to target rich Mauritian institutional investors. (Image: East Day) According to reports in Zimbabwean press, a sum of $30 million will be invested by an unnamed Mauritius Stoc...
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AfrAsia Zimbabwe on upturn with fully-subscribed shares to fund growth

February 21, 2014 | The USD 5 million rights issue of AfrAsia Zimbabwe, subsidiary of Mauritius banking services major AfrAsia, was fully subscribed, giving it respite from the capital crunch faced last year. (Image: Proudly African) AfrAsia Zimbabwe, subsidiary of Mauritius banking services major ...
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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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Mauritius tops non-extractive countries in Afrobarometer survey on transparency

January 29, 2014 | The island economy also came third overall among both extractive and non-extractive countries with Botswana and Ghana leading the tables in the survey covering 34 African countries. (Image: RNW Africa) Mauritius emerged with top honours among non-extractive industry countries on...
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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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South Africa and Zimbabwe firms zoom in on Mauritius

January 24, 2014 | Some of the unique elements that makes Mauritius an attractive and competitive destination for investment include not only its political, economic and social stability but also a robust stock exchange. (Image: Board of Investment) The Africa strategy of Mauritius appears to be p...
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Zimbabwe’s Innscor moves headquarters to Mauritius to access cheaper funding

January 20, 2014 | The company’s move to Mauritius is part of a larger exodus as Zimbabwean firms have been finding it increasingly difficult to raise offshore capital (Image: Company Website) Zimbabwe-based conglomerate Innscor Africa Limited has relocated its headquarters to Mauritius as part o...
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Mauritius in top 10 countries globally on Economic Freedom Index

January 16, 2014 | The island nation’s economic freedom score is 76.5, making its economy the 8th freest in the 2014 Index, with the same rank as last year’s. Mauritius has once done the continent proud, not only making it to first place among all Sub-Saharan African countries on economic free...
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AfrAsia and MasterCard join hands for Mauritius’ first travel rewards programme

December 19, 2013 | Africa’s first travel rewards program offers real time booking on over 450 airlines and at 200,000 hotels to the bank’s MasterCard customers holding world and titanium cards. Left to right: Charlton Goredema (Vice President and Area Business Head, Southern Africa and Indi...
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Mauritius in top five global economies on Internet Affordability Index

December 11, 2013 | The top five emerging countries highlighted in the report are as follows: Malaysia, Mauritius, Brazil, Peru, and Colombia. (Image: BGR) ICT hub Mauritius has once again shown its dominance in the technology landscape of Africa, and indeed, globally, featuring among the top five e...
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AfrAsia: Shareholders cry foul over huge financial payout to Chanakira

December 10, 2013 | The Zimbabwe press has highlighted the dissatisfaction of certain shareholders of AfrAsia Bank Kingdom Limited over the huge financial package being paid to Nigel Chanakira, founder, Kingdom Limited, to part with his share in the merged entity. (Image: AfrAsia Bank) Mauritius-ba...
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Zimbabwe colliery gets new machinery

July 4, 2013 |

African Review reports that Hwange Colliery Company has acquired a new batch of mining equipment from Chinese firm Sany Heavy Equipment Corporation (SHEC) for stepping up mining activity at its colliery located in the Hwange town of Zimbabwe. Acting managing director ...
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Zimbabwe launches leather sector strategy

July 1, 2013 |

The COMESA website reports that the Government of Zimbabwe has taken new measures to curtail the exportation of raw hides and skins in order to boost the leather sector in the country which has suffered a lot of setbacks in the last 10 years. Industry and Commerce Min...
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Chinese group wins big Harare power tender

April 14, 2013 |

A contract worth $1.3bn awarded to China Machinery Engineering for the expansion of the Hwange thermal power station is expected to deliver a boost to Zimbabwe’s power generation, but not before midyear elections. Zimbabwe has a power deficit of about 700MW, enginee...
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Zimbabwe: Zumbani Capital acquires 47% of Murray & Roberts subsidiary

March 29, 2013 | Private equity group, Zumbani Capital, had acquired a 47 percent shareholding in Masimba, formerly Murray & Roberts Zimbabwe, it was announced on yesterday. The stake was acquired at 1.47 US cents a share, which is a 79 percent discount to the then trading price of 7 US cents a share, according ...
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AfDB to undertake water and power projects in Zimbabwe

February 19, 2013 |

February 19, 2013 - The African Development Bank (AfDB) has revealed plans to roll out water and power sector rehabilitation projects in several parts of Zimbabwe under the support of the Zimbabwe Multi-Donor Trust Fund (Zim-Fund). Read More

Econet to set up Share Payment System using Ecocash

February 1, 2013 |

Econet Wireless is setting up a payment system for shares on the Zimbabwe Stock Exchange using its EcoCash service.

The system is designed to make it possible for s...
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Zimbabwe to receive funds from India for power station refurbishment

January 21, 2013 | January 21, 2013 - The Indian government will partly financ...
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