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Mauritius financial services major AfrAsia Bank opens office in London

After Johannesburg and Cape Town, AfrAsia Bank has opened its third representative office in London, enabling the Bank to have a physical presence in what remains the world’s leading financial centre. This step confirms AfrAsia Bank’s established strategy and aspiration to be the leading bank in the region, in line with promoting Mauritius as a regional and financial business centre of excellence. After six years of growth, the Bank is

Mauritius asserts independence from coal with first solar cooperative farm

In keeping with the spirit of Maurice Ile Durable (MID), the first solar cooperative farm was launched on Wednesday in Mauritius, as the island nation celebrated its 46th Independence Day. Renewable energy is an important aspirational goal for Mauritius, where coal is the main source of energy at present. Accordingly, a “Say no to coal and yes to clean energy” campaign, led by the youth, citizens, progressive and leftist movements in the

Increased capacity in African aviation to strengthen economies, improve security

A report recently released by independent think tank, Think Security Africa (TSA), sheds light on how, besides strengthening African economies, increased capacity in the Africa’s aviation sector can also serve to improve national security and access to humanitarian aid. The study cites that one of the key impediments to improving capacity in aviation is that many African governments lack the resources to build and improve capacity in this crucial sector.

Mauritius sets sight on Middle East outbound travelers

Dubai-based aviation major Emirates Airlines and the Mauritius Tourism Promotion Authority (MTPA) are anticipating a surge in interest in the Indian Ocean Island from Saudi Arabia’s outbound tourism sector. This follows the resounding success of the recently concluded road shows that were held to promote the destination across key Middle East markets. The collaborated promotional tour, which ended on 10 February in Dubai, served to promote Mauritius and its diversified

Mauritius to focus on people with disabilities under Employ-Ability program

With the recent launch of the Employ-Ability Program, supported by the European Union through the Decentralised Cooperation Program (DCP), the island economy is showing a much-needed focus on providing employment opportunities to the disabled. The program was announced by Craft-Aid Mauritius and Global Rainbow Foundation during a press conference on March 6, 2014. The primary aim of the program is to give a chance to people with disabilities to integrate

Gross reserves hit record level of Rs 108.4 billion: Bank of Mauritius

A statement published by the central bank on Friday indicated that the gross reserves of the Bank of Mauritius (BoM) hit a record level of Rs 108.4 billion at the end of February, boosting the Gross Official International Reserves of the country to Rs 110.2 billion. The Gross Reserves of the BoM rose from Rs 102.7 billion in January to Rs 108.4 billion last month, in one of the strongest

SXSW: Google Chromecast to debut in many countries soon!

Google did not head into the SXSW show empty handed. Sundar Pichai, Google Chrome and Android Senior Vice President, announced that Chromecast will expand outside the US anytime soon. Google’s streaming dongle is making significant inroads in the daily lives of people. Sales have experienced a stellar rise within a few months alone – “We are in the millions now, and it’s growing very actively,” Pichai said, addressing the crowd which

Mauritius sees inflation rise to 3.9% in February

The rate of inflation for the twelve-month period ended February 2014 rose to 3.9% from 3.7% for the twelve-month period ended January 2014, according to data from Statistics Mauritius. Statistics Mauritius on Friday released its monthly publication for the Consumer Price Index (CPI) in February 2014, where it indicated that the CPI increased from 107.2 in January 2014 to 108.5 in February 2014. The main contributor to the rise in

Tourisme : la Chine et l’Angleterre sauvent le début d’année

Merci la Chine et le Royaume Uni. C’est sans doute ce que doivent se dire de nombreux tour-opérateurs et hôteliers en regardant les chiffres des arrivées touristiques de ce début d’année. En effet, si le flux de vacanciers en janvier et février 2014 progresse de 0,7% par rapport à la même période de l’année dernière, les arrivées à partir de nos principaux marchés émetteurs reculent, parfois significativement. Le nombre de

Vanilla Islands’ representatives meet at 2014 ITB Tourism Trade Fair

The Mauritius stand at the Internationale Tourismus Börse (ITB) Berlin, one of the most important tourism trade fairs globally, was recently privy to an important meeting between Vanilla Islands’ representatives. Pascal Viroleau, the CEO of the Vanilla Islands Organisation, convened a meeting of all representatives of the Indian Ocean Vanilla Islands who were in Berlin for the 2014 ITB tourism trade fair. The primary objective of the meeting was to

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