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Mauritius tourists to hit 1 million mark by 2018

A report recently released by international market research firm Research and Markets shows only marginal growth in domestic tourist volumes in Mauritius, which are expected to rise at a Compound Annual Growth Rate (CAGR) of 0.31% over the five-year forecast period, to reach 1 million by 2018. Titled Travel and Tourism in Mauritius to 2018, the report observes that the tourism industry has developed into a major pillar of economic

[Financial ExpertSpeak] Qualification mismatch fuels Mauritian youth unemployment

Roland Dubois, president of the Youth Employment Program, spoke to AfricaMoney on how the youth must change their mindset to counter the growing menace of unemployment. Our financial expert touched upon how qualification mismatch with industry demand and lack of employability skills were adversely impacting job prospects of young Mauritians. Can you please give your views on joblessness among the youth in Mauritius? To give a broader perspective, youth unemployment

Mauritius seeks know-how from Malaysia

Mauritius is looking to Malaysia for lessons on private-public sector collaboration through the Malaysian Industry-Government Group for High Technology (MIGHT), an independent, industry-driven non-profit organisation. Operating under the Prime Minister’s Department and working towards nurturing the growth of high technology in Malaysia, MIGHT’s members represent the industry, government and academia, said Malaysia’s International Trade and Industry Minister Datuk Seri Mustapa Mohamed. The trade minister, on his official visit to Mauritius from 11 to

ActionAid warns Nigeria that Mauritius tax treaty could “hurt” economy

In what could prove to be a setback to Mauritius in cementing its position as a gateway to Africa, the government of Nigeria has been urged to think twice before ratifying its tax treaty with the island nation. As the second largest economy of Sub-Saharan Africa, Nigeria commands a large flow of Foreign Direct Investments into the continent, and Mauritius, with its expertise in guiding global investors interested in making

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

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