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Balancing growth and sustainability a tough act: Mauritius Industry Minister

Mauritius Industry Minister Sayyad Abd-Al-Cader Sayed Hossen said thatmanaging the growth of private companies with sustainability is a tough balancing act. Speaking yesterday in the midst of 500-odd government executives and private industry representatives at the two-day CII Partnership Summit in Bangalore, India, the Mauritian minister pointed out that private companies are the engine of growth of an economy. Even as Mauritius moves ahead with Maurice Ile Durable (MID) as

Mauritius tops non-extractive countries in Afrobarometer survey on transparency

Mauritius emerged with top honours among non-extractive industry countries on an Afrobarometer survey on transparent and accountable governance. Afrobarometer, which measures the social, political, and economic atmosphere in Africa, recently surveyed 34 African countries on the topic of oil and mining, of which 22 countries count mineral or oil production as critical to economic development. The island economy also came third overall among both extractive and non-extractive countries with Botswana

Tax Alert: Mauritius and India relations hit new low

Dealing a big blow to relations between Mauritius and India, already at a low following tax avoidance allegations by the Indian government, New Delhi decided Monday to call off a Joint Working Group meeting on Double Taxation Avoidance Convention (DTAC). Scheduled to take place this week, the official reason given for the cancellation of the three-day meeting, considered crucial for Mauritius’ offshore sector, was the non-availability of India’s head of

Mauritius and Fiji to sign agreement on investment cooperation soon

Mauritius and Fiji are expected to finalise a memorandum of understanding (MoU) soon to allow close cooperation between Investment Fiji and the Mauritian Board of Investment (BOI). Fiji’s Attorney-General and Minister for Industry and Trade, Aiyaz Sayed-Khaiyum, met the Mauritian Minister for Industry, Commerce and Consumer Protection, Sayyad Abd-Al-Cader Sayed Hossen yesterday in Bangalore, India at the Confederation of Indian Industry (CII) Partnership Summit 2014. The Minister for Industry and

Mauritius takes on South Africa for continent’s financial services hub

Mauritius’s bid to be Africa’s preferred financial services hub is not going unnoticed. As South Africa, forever in the limelight as the continent’s largest economy, took a sizeable delegation to Davos to defend Brand South Africa amid slowing growth, the island nation is taking a quieter but surer route to success. Mauritius counts 26,096 global business companies and 905 global funds in a competitive financial services sector that contributes 10.3%

USAID studies Mauritius Business Growth Scheme for Middle East

The island economy has once again received a pat on the back from an acclaimed international body, with the Mauritius Business Growth Scheme (MBGS) being viewed as an ideal model by the United States Agency for International Development (USAID). Not only that, the MBGS model is also being actively studied for its application in other countries, starting with the Middle East. Accordingly, Isaiah Oliver, Senior Business Development Director, Chemonics International,

Interview, Bheenick: Banks must no longer display ‘exuberance’ in lending

AfricaMoney spoke to Rundheersing Bheenick, Governor, Bank of Mauritius (BOM) on how the island economy’s banking sector has emerged largely unscathed from the global financial crisis. With characteristic dry humour, our financial expert took us though the journey of the banking sector amid turbulent times such as the Ponzi scheme which broke in March 2013 and forced a re-look at the powers of the central bank. Insisting that effective intermediation

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

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