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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

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

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