Apr 7, 2015 | News
Yousuf Mohamed est catégorique. L’annonce de Vishnu Lutchmeenaraidoo au Parlement ce matin n’a « aucune valeur juridique ». L’avocat de la famille Rawat explique, en effet, que le ministre des Finances est allé vite en besogne en affirmant que Dawood Rawat est disposé...
Feb 20, 2015 | Business
The latest Bank of Mauritius survey showed that net foreign assets are estimated at Rs 122.1 billion as on February 06, 2015. These comprised claims on non-residents amounting to Rs 122.2 billion, less liabilities to non-residents amounting to Rs 174 million. Domestic...
Nov 24, 2014 | Business
Mauritius’ tourism earnings saw a rise of 10.7% over the nine-month period from January to September 2014 to hit Rs 32.23 billion against Rs 29.11 billion for the corresponding period in 2013, according to the monthly statistical bulletin for October 2014 by the Bank...
Nov 13, 2014 | Business
Mauritius could position itself to become the first trading hub in Africa for China’s currency, the Renminbi (RMB), as trade between the rising Asian economy and the African continent has increased ten-fold over the last ten years. This statement was issued by Ashok...
Nov 7, 2014 | Business
Did you know that you could end up paying a fine of up to Rs 500,000 if you deface a bank note, according to rules and regulations issued by the central bank of Mauritius? A Bank of Mauritius communiqué has drawn attention to the fact that it is an offence to...
Oct 8, 2014 | Business
Governor Rundheersing Bheenick has added another feather in Bank of Mauritius’ cap with his nomination as the Central Bank Governor of the year under the Africa investor awards. The winner in this category, which has seven other nominees from across Botswana,...
Oct 7, 2014 | Business
Mauritius can give itself a pat on the back for giving its citizens a high level of access to banking facilities, as the island economy boasts the highest level of financial inclusion in the Southern African Development Community (SADC). A whopping 90% of adults aged...
Sep 11, 2014 | Business
A majority of Mauritian respondents expect inflation to be less than 4.5% for December 2014, according to a survey by the central bank. The 24th Inflation Expectations Survey for the month of August 2014 by the Bank of Mauritius also raised questions about headline...
Sep 3, 2014 | Business
The latest edition of the Financial Stability Report published by the Bank of Mauritius (BoM) showed that the total credit stood at around Rs 541.8 billion as at end of March 2014. The credit to the private sector, which represented 44.3% of total bank credit, grew by...
Aug 8, 2014 | Business
Mauritius saw prices decline further last month as year-on-year inflation dipped to 3.1% in July from 3.3% in June 2014, according to a report by Statistics Mauritius published on Wednesday, 6 August 2014. Moving to the month-on-month comparison between indices for...