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Mon,16Jul2018

Mauritius

Aviation: Rise in traffic helps brings Air Mauritius back into profit

Photo©ReutersA 9 percent rise in passenger traffic helped Air Mauritius swing back into profit in the last quarter, having made a loss in the same period last year, the airline said on Thursday.

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Post Paris climate talks gather momentum at Women's Forum

France's climate ambassador Laurence Tubiana. Photo©Thibault Camus/AP/SIPA"A little miracle happened in Paris" when countries attending the COP 21, concluded an agreement aimed at limiting climate change to 2°C above pre-industrial levels, which will replace the Kyoto Protocol, says French ambassador for international climate negotiations Laurence Tubiana.

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Mugabe deputy sucked into $350 million graft storm

Photo©Victor R. Caivano AP/SIPAOne of Zimbabwe President Robert Mugabe's deputies has been accused of trying to influence the country's power utility to get an expensive $350 million loan from a Botswana-based finance company without following proper procedures.

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Climate Change: Tomorrow will already be too late - President Gurib-Fakim

President of Mauritius, Ameenah Gurib-FakimClimate change, which will affect rainfall patterns and make sea levels rise, is a reality and impacting on people's livelihoods globally, Mauritius President Ameenah Gurib-Fakim has said.

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Kenyan firm eyes 23 percent stake in Britam

Photo©ReutersKenya's Plum LLP plans to buy a 23.34 percent stake in insurer British-American Investments Co (Britam) that had been seized by the government of Mauritius from a disgraced businessman in 2015, the privately owned firm said on Monday.

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Bank of China targets Africa with Mauritius banking licence

Photo©ReutersThe Mauritius central bank said it has issued a banking licence to Bank of China, the first Chinese bank licensed to operate on the Indian Ocean island.

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Banking: Barclays Africa tumbles as British parent signals exit

File Photo©ReutersSpeculation that Barclays could be withdrawing from Africa after almost a century there sent shares in its business Barclays Africa Group tumbling on Monday.

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Air Mauritius in 2015, 3Q profit

Air Mauritius swung to a pretax profit of 11.03 million euros ($12.5 million) in its third quarter to 31 December from a loss of 2.4 million euros a year earlier, helped by revenue and passenger growth.

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Trade: As EU sugar quota ends, African producers to shift sales to domestic markets

File photo©ReutersSub-Saharan African sugar producers will shift sales to growing regional and domestic markets when exports to the European Union become less attractive after production quotas are dismantled in 2017, industry sources and analysts said last week.

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Foreign investment in Mauritius falls 29 pct in first 9 months

Ken Poonoosamy, managing director of the state-run Board of InvestmentForeign direct investment in Mauritius fell 29 percent to 7.21 billion rupees ($200 million) in the nine months to September, official data showed on Tuesday.

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Zimbabwe loses millions in illicit financial flows

Photo©ReutersAt least $500 million could have been spirited out of Zimbabwe through illicit financial flows this year alone, the country's central bank chief, John Mangudya said.

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Mauritius Country Profile 2015: High income, here we come

Flag Mauritius

Rolls suggest that the new coalition of Prime Minister Navin Ramgoolam's Labour Party and Paul Bérenger's Mouvement Militant Mauricien (MMM) is guaranteed to dominate the next elections, which are expected to take place early in 2015.

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Port Louis: A crucible of culture

Photos© Willy's Pictures/ Ullstein Bild via Getty ImagesMauritius is great for relaxing, but to feel the heartbeat and bustle of this island trading nation don't miss Port Louis

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Travel & Tourism: Mauritius registers increase in tourist arrivals

File Photo©Gemma WareThe number of tourists visiting Mauritius rose 10.4 percent in the 10 months to October from the same period last year, with more arrivals from Asia, figures showed on Friday.

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LTE for the Democratic Republic of Congo

Photos© All rights reservedSmile Telecoms is developing a fast mobile broadband network

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Finance: Mauritius eyes Africa as pressure mounts on offshore business

Finance Minister of Mauritius, Seetanah Lutchmeenaraidoo says the offshore sector should move from a tax haven to a typical transparent financial sector. Photo©IndianExpressMauritius beats Singapore as the world's top route for foreign investment to India and is a hub for thousands of firms managing half a trillion dollars in assets.

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Mauritius plans platform to hedge African currencies against U.S. dollar

Mauritius plans to launch a trading platform to hedge African currencies against the U.S. dollar, part of a bid to expand its role as a financial hub for the continent, the financial services minister said.

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Mauritius eyes maritime projects, Africa links to boost growth

Seetanah Lutchmeenaraidoo © All Rights ReservedMauritius has a deal with a Chinese firm to develop a $113 million fishing port and is working with investors on plans to become a maritime hub for Africa, part of its bid to accelerate growth, the island nation's finance minister said on Thursday.

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Mauritius seeks buyer for Kenya's Britam stake

Mauritius has asked a bank in South Africa to help find a buyer for a near 25 percent stake in Kenya's British-American Investments Co (Britam) which was seized from a disgraced tycoon, the finance minister said on Thursday.

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Textiles: Tailored for growth

Photos© Ed Harris/ReutersAfter years of job cuts and factory closures, Mauritian garment and textiles industry leaders are dreaming big and seeking to make the country into a marketing centre and fashion hub

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