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Workforce woes: Mauritius population increasingly features people aged 60+

Even as emerging Asian economies like India and China are banking on their youth to retain their competitive edge, Mauritius appears to be laboring under the burden of an ageing population. In fact, by 2052, the proportion of people aged 60 and above in the population is projected to be 30.2%, around a third of the total populace. According to the latest data for 2012 released by the Ministry of

Une centaine de cadres d’Aditya Birla Finance célèbrent leur réussite à Maurice

Après un palace de Hong-Kong l’année dernière, c’est dans un cinq-étoiles du sud de l’île qu’une centaine de cadres indiens d’Aditya Birla Finance (ABFL) sont venus célébrer les réussites de l’année écoulée. Arrivés hier matin, les cadres et dirigeants du groupe financier reprendront l’avion vers l’Inde ce mardi après quelques jours de repos bien mérités. Hier soir, c’est lors d’une Awards Ceremony que les meilleurs d’entre eux ont été récompensés.

Vidéo: Air France et Air Mauritius signent un partenariat pas «stratégique »

Ce n’est pas « un partenariat stratégique » insiste Dass Thomas, le président du Conseil d’administration d’Air Mauritius. Le Président directeur général d’Air France KLM, Alexandre de Juniac préfère lui parler de « partenariat industriel. » Qu’importe les mots, l’accord signé aujourd’hui entre les deux lignes aériennes prévoit le maintien des « code share » entre les deux entreprises jusqu’à sur 16 vols Plaisance-Paris par semaine ainsi qu’un rayonnement d’Air Mauritius sur toute l’Europe  et même

White House to host first US-Africa Leaders Summit in August

In a growing recognition of the emerging continent as one of the most dynamic and fast-growing regions across the globe, African leaders from 47 nations have been invited to Washington on August 5 and 6, 2014 for the first US-Africa Leaders Summit. A press release from the White House stated that the US President looks forward to welcoming leaders from across the African continent to the US capital to further

IMF delegation visits Mauritius to finalize economic status report

The island economy welcomed a delegation from the International Monetary Fund (IMF) to undertake the 2014 version of Article IV on Mauritius’ economic status. Martin Petri and his team from IMF are visiting Mauritius to discuss the island economy with the Mauritian authorities and these discussions are expected to conclude by the end of the month. The report itself is likely to be finalized and published in two months. The

South Africa and Zimbabwe firms wake up to Mauritius opportunities

The Africa strategy of Mauritius appears to be paying off, with firms based out of South Africa and Zimbabwe showing increasing interest in tapping into opportunities offered by the island economy. Mauritius has established its reputation as an international financial centre since the early 1990s. In 2013, for the fifth year in a row, Mauritius was ranked as the easiest place for doing business in Sub-Saharan Africa, becoming a favoured

Vidéo: IT Solvz inaugure ses nouveaux locaux

C’est autour d’une partie de Tetris géant, jouée sur la façade de son nouveau bâtiment à Ebène, que l’entreprise IT Solvz a inauguré ses locaux hier soir. L’entreprise spécialisée dans la location-maintenance de produits informatiques et technologiques avait placé la soirée sous le signe du Nouvel An chinois, qui sera célébré le vendredi 31 janvier prochain.

Competition in Mauritius banking sector may stifle growth, warns report

The Mauritian banking industry is expected to face difficulties in domestic growth with an increasing number of players in an already highly competitive market, said a report.  As two main banks control 57% of total bank assets, there is strong competition in order to increase or maintain market share domestically, noted the report by Anglo-Mauritius Stockbrokers on the banking industry in Mauritius. Moreover, investment, which is of particular concern to

MRA amends Form 1A; to allow tax payment by credit card soon

Mauritius taxpayers can expect to settle taxes more conveniently as not only has Form 1A been amended to let employees with other source of revenues declare them easily, but taxpayers can also use credit cards to make tax payments, starting March. Sudhamo Lal, director of the Mauritius Revenue Authority, pointed out during a press conference yesterday that some Mauritians, for instance teachers, have other source of revenue such as private

World’s leading legal network Globalaw forays into Mauritius

Globalaw, an international network of independent law firms, has extended its reach to Mauritius by adding 5 St James Court to its network. Mauritian law firm 5 St James Court comprises a set of rising and senior self-employed barristers who offer expertise in all aspects of law in Mauritius. They provide special focus on Arbitration, Banking, Civil Law, Commercial Law, Company Law, Insolvency, Financial Services, Trusts and Tax. Following on