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Mauritius star rises in China; wins multiple tourism awards

Mauritius will receive three awards in China after being ranked 9th in the “Top 10 Best Overseas City” and 2nd in the “Top 10 Island Destinations” for the year 2013, by the Ctrip group, leader in the travel and tourism industry in China, and “The Best Emerging Island Destination” by the Chinese magazine Voyage, specialising in high-end tourism. For this occasion a prestigious ceremony will be held today, February 28,

[Financial ExpertSpeak] Ashraf Esmael: Fierce Competition in Mauritius banking sector

Ashraf Esmael continued his interview to AfricaMoney by turning his lens from the past achievements of Bramer Bank to the future of the Bank, and that of the Mauritian banking sector overall. Our financial expert stated that the Mauritian banking sector must achieve innovation, regional diversification and constant technological monitoring to retain its competitive edge in the future. Bramer Bank recently announced a merger with a major African bank. How

[Financial ExpertSpeak] Ashraf Esmael: Clear vision and strategic investments key to our success

Ashraf Esmael, CEO, Bramer Bank, opened up to AfricaMoney on how the bank made significant investments to modernise its core banking system, strengthened its human capital and extended its geographical footprint to get closer to customers. Our financial expert also provided us with key insights into the rebranding exercise following the bank’s merger with Mauritius Leasing, its green initiatives and its success mantra in the competitive banking sector of the

Merger of Mitsubishi’s Princes and Mauritian major Thon des Mascareignes?

A rumour is doing the rounds of the tuna market of the potential of a merger or possible take-over involving two Mauritius-based tuna plants, one of which is Thon des Mascareignes, largely owned by Mauritian conglomerate, Ireland Blyth Ltd (IBL). Princes Mauritius and Thon des Mascareignes could possibly be seen joining forces on the island, with the latter connecting a strong tuna brand to its operations, and Princes reaping the

Tariff negotiations at core of trade agreements: Mauritius ITD Director

“If we examine the history of GATT and the World Trade Organisation, for more than 60 years emphasis has been laid on tariff negotiations. This is always the case even when negotiations are underway at the regional level, be it within SADC and COMESA”. This was the opening statement by Assad Bhuglah, Director of Trade Policy at the International Trade Division, Mauritius, at a two day seminar which started yesterday at the

Indian Ocean Commission members increase collaboration in fight against illegal fishing

To power its fight against illegal fishing, the Indian Ocean Commission (IOC) is investing more than 360,000 euros of subsidy in a single system, prepared over a 3-year period by Comoros, Reunion, Madagascar, Mauritius and Seychelles. This system has been put in place with the financial support of European Union, based on the exchange of data in the Indian Ocean. The Indian Ocean sector of sea fishing is a major

African Development Bank puts Africa on Information Highway with data portal initiative

Data collection and dissemination challenges were highlighted at several recent pan-African and international meetings, culminating in the African Development Bank Group (AfDB) creating a transparent, reliable and credible portal to improve data management and dissemination on the African continent. After successful pilot tests, data portals and open data systems have been developed and installed in all 54 African countries and in 16 regional/sub-regional organisations. Other tools, such as the e-GovDP

Barclays Bank listed on Mauritius’ NewPlat Exchange Traded Fund

The Stock Exchange of Mauritius (SEM) started this week by welcoming banking major Barclays corporate and investment banking division on the platinum exchange traded fund (ETF), NewPlat. Barclays Mauritius is part of the Barclays Africa Group which is one of the largest financial services providers in Africa. Barclays explained that the listing of 400,000 NewPlat debentures on the SEM gives investors in Mauritius the opportunity to invest directly in platinum

Mauritius trader associations take to court against trade fees hike

The motion of the Mauritius Shop Owners Association (SOA) against the increase in trade fees was heard for the first time in the Supreme Court yesterday. The SOA president, Santosh Kumar Ramnauth, argued against the “unilateral decision to increase trade fees” with effect from 1 January 2014. It may be noted that the SOA comprises over 5000 traders. These increases, argued the association, have been made ​​without it, or any related

Beachcomber delegation meets Seychelles Tourism Minister for way forward

Leading hospitality brand Beachcomber Hotels recently sent a delegation to Seychelles to meet Tourism Minister Alain St Ange to solicit the minister’s views on the way forward for the tourism industry in 2014. The aim of this meeting, held at the National Cultural Centre in Victoria, was to discuss the future of the tourism industry with the Seychelles Tourism Minister and to gain information on the new developments in air connectivity

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