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Ramgoolam au World Economic Forum en Suisse

Le Premier ministre participe cette année à la grand-messe annuelle des décideurs économiques du monde à Davos en Suisse. L’édition 2014 du World Economic Forum (WEF) se tient du 22 au 25 janvier et a pour thème « Transformation du monde : conséquences pour la société, la politique et l’économie. » Essentiellement conçu comme un lieu de networking et d’échanges d’idées, le WEF est organisé autour de séances de discussion. Cette année 23

Cargo Hub Capital sera cotée en euros

L’indice Development and Enterprise Market de la Bourse de Maurice enregistrera une première ce jeudi 23 janvier. Cargo Hub Capital sera en effet la première société à y être cotée en euro. L’entreprise spécialisée dans l’immobilier, la logistique et le transport en camion offrira 15% de son capital à la vente, à un prix par action de 30 euros. L’introduction de Cargo Hub Capital sur la Stock Exchange of Mauritius

Mauritius’ business minister: Singapore never fails as it anticipates challenges

Singapore never fails as the Asia Pacific island nation usually foresees challenges that can happen up to a decade, according to Jim Seetaram, Mauritius’ minister of Business, Enterprise and Cooperatives. The Asian economy devises meticulous strategies and sets strategies with a very dynamic mindset, added the minister. At his opening speech during a roundtable on entrepreneurship, the minister said that, given the context of globalization and aggressive competition, entrepreneurs who

Mauritius poised for 4.1% GDP growth in 2014

According to the World Bank, Mauritius is poised to achieve higher GDP growth over the next 3 years, moving up to 4.1% in 2014, 4.3% in 2015 and finally 4.2% in 2016. Also, Sub-Saharan Africa’s real Gross Domestic Product (GDP) growth picked up to 4.7% in 2013, supported by robust domestic demand, notably investment growth, making it the second-fastest growing region in the world. The Global Economic Prospects report for

Air Mauritius redouble ses efforts sur la Chine

Consciente que le marché chinois est en plein essor, Air Mauritius compte opérer deux vols additionnels vers celui-ci en 2014. Ainsi, dès ce mardi 21 janvier, la compagnie nationale desservira Shanghai trois fois par semaine. A partir de juillet, un second vol hebdomadaire vers Beijing sera programmé. Air Mauritius desservira ainsi la Chine 5 fois par semaine à partir du 16 juillet. Les visiteurs en provenance de Chine représentent une

Karl Mootoosamy: Mauritius must balance the demands of different cultures

AfricaMoney spoke to Dr Karl Mootoosamy, Director, Mauritius Tourism Promotion Authority (MTPA), on Mauritius’ near-miss of the 2013 target of 1 million tourists. Dismissing it as a psychological construct rather than a meaningful number, our no-nonsense expert took us on a journey behind the numbers to understand what tourism in Mauritius is actually about. Insisting that the best marketing is a form of storytelling, the head of the island economy’s

HRDC set to boost career development in Mauritius

Mauritius’ Human Resource Development Council (HRDC) is going all out in the New Year to boost human resource development by leveraging its training and workforce development programmes. For 2014, HRDC has established a programme of work with targeted goals and actions, amongst which ‘Let’s Talk Careers’ is a major initiative. The new project is expected to contribute towards improving career awareness and employability of university students through evidence-based career talks

Mauritius in top 10 countries globally on Economic Freedom Index

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. However, its overall score is 0.4 points lower than last year, with declines in investment freedom, property rights, and business freedom that outweigh improvements in labor freedom, freedom from corruption, and monetary freedom. Botswana follows Mauritius, but at a distance, securing 27th place globally on

Ravneet Chowdhury new Bank One CEO

Ravneet Chowdhury officially took office as the new CEO of Bank One on January 1st. He will be assisted by CP Balachandran. Bank One is aiming at providing its services in Africa and is relying on CEO Ravneet Chowdhury’s long and rich experience in the banking field in African countries to attain this goal. Bank One wishes to reinforce its relations with other countries especially with India and Africa. “We

Mauritius conglomerate GML’s net profits rise 27% in 2013

Mauritius-based conglomerate GML achieved a 27% rise in net profits at Rs 1.05 billion for the year, compared to Rs 824.9 million in 2012. Meanwhile, group turnover grew to Rs 29.0 billion in 2013, against Rs 27.1 billion a year ago, representing an increase of 7.1%. The company’s affiliate, renowned hospitality chain LUX*, and its subsidiary, fisheries major IBL, were responsible for the outstanding results as their profits were boosted

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