CIEL sees profit after tax up 152% for 9 months ended 31 March

CIEL sees profit after tax up 152% for 9 months ended 31 March

Mauritian conglomerate CIEL saw post-tax profits rise 152.14% to Rs 634.87 million for the nine months ended 31 March, compared to Rs 251.79 million in the year-ago period. Besides, revenue was up from Rs 150,000 a year-ago to Rs 7.24 billion in the nine months ended...
CIEL to acquire 51% of BNI Madagascar’s share capital

CIEL to acquire 51% of BNI Madagascar’s share capital

After several months of negotiation, Indian Ocean Financial Holdings Ltd (IOFH) has finally received the green signal from the Commission de Supervision bancaire et financiere (CSBF) of Madagascar to buy back 51% of the share capital of BNI Madagascar. Incidentally,...