FinTech enabler Ukheshe International attracts investment from DPI and Fireball Capital to fuel international expansion.
AFC diversifie son actionnariat avec des participations de la Côte d'Ivoire, de l'île Maurice et d'AfricaRe
Africa Finance Corporation (AFC) a annoncé une augmentation de son capital social suite à une injection de capitaux combinée de 38 millions de dollars américains de la part du gouvernement de la Côte d'Ivoire, par l'intermédiaire du ministère de l'Économie et des Finances, du gouvernement de Maurice, via le National Pension Fund (NPF) et le National Savings Fund (NSF), et de la Société Africaine de réassurance (AfricaRe).
MCB Capital Markets et Société Générale Côte d'Ivoire pour l'acquisition de JA Delmas en Afrique de l'Ouest
MCB Capital Markets et Société Générale Côte d'Ivoire ont agi en tant que co-arrangeurs dans le cadre du financement par emprunt de 135 millions d'euros pour l'acquisition de JA Delmas, concessionnaire Caterpillar en Afrique de l'Ouest
Africa Business Communities Forum: Quels seront les pays Africains plus performants sur le plan économique en 2022?
Africa Business Communities s'est entretenu avec plusieurs entrepreneurs et fondateurs au cours des premiers mois de l'année, et ils ont voté pour déterminer quels pays africains seront les plus prospères en 2022.
Africa Business Communities talked to several entrepreneurs and founders in the early months of the year, and they cast their votes on which African countries will thrive best in 2022.
Eight countries have commenced guided trading under African Continental Free Trade Area (AfCFTA).
The African Economic Conference is Africa’s leading forum for discussing the continent’s emerging challenges and opportunities and is jointly hosted by the African Development Bank, the Economic Commission for Africa, and the United Nations Development Program.
Forum de l'African Business Roundtable: Que peuvent faire les gouvernements Africains pour renforcer le secteur privé du continent?
African Business Rountable (ABR), créé par le Groupe de la Banque Africaine de Développement en 1990, est la principale association d'entreprises et de chefs d'entreprise d'Afrique et représente la Société Africaine des Affaires auprès des Nations Unies.
African Business Roundtable Forum: What can African governments do to elevate the continent’s private sector?
The African Business Rountable (ABR), set up by the African Development Bank Group in 1990, is Africa’s foremost and continent-wide association of businesses and business leaders, and is the representative of the African Business Society to the United Nations.
Encourager la réduction des émissions polluantes, et promouvoir l’adoption et l’utilisation de l’énergie propre et renouvelable. Tels sont les objectifs que s’est fixé la MauBank en lançant le Green Financing Scheme à l’intention des particuliers et des entreprises.
A Zambian national residing in Johannesburg, South Africa, N. Justin Chinyanta is the founder, Chairman and Chief Executive Officer of Loita Holdings Corporation as well as the Executive Vice` President for the Southern Africa Chapter of the Africa Business Roundtable (ABR).
Amethis, alongside its partners, DEG, MCB Private Equity, and IFC, announced they have reached an agreement to sell their stake in Naivas International (Mauritius), which owns 100% of the shares of Naivas, a supermarket chain in Kenya.
Emirates signed a Memorandum of Understanding (MoU) with Mauritius Tourism Promotion Authority (MTPA), to promote tourism to Mauritius from key markets across the Emirates network
AfrAsia Bank announced the appointment of Inderjit Bedi as its new Chairman. Mr Bedi was selected for this position unanimously with an earlier recommendation by the Corporate Governance Committee.
Accelerex Holdings Mauritius announced it has signed an investment agreement with regional private equity firm, Africa Capital Alliance (ACA), for the Capital Alliance Private Equity IV (CAPE IV) fund to invest $20 million in Accelerex.
Windward, the Predictive Intelligence company applying AI to transform global maritime trade, and Mauritius Commercial Bank Ltd have announced a long-term, multi-year partnership to enhance MCB’s due diligence and monitoring processes linked to its commodity trade finance business.
Apex Group Ltd., a global financial services provider, has announced the final close of the acquisition of GFin Corporate Services Ltd. following regulatory approval from the Financial Services Commission.
The African Development Bank announced the addition of Mauritius and Morocco to its Bloomberg African Bond Indices (ABABI), marking a steady progress in the Bank’s efforts to deepen the continent’s local currency bond market.
Vivo Energy Mauritius, détentrice de la franchise Shell à Maurice, annonce une première à Maurice : la mise sur le marché de Shell Helix Ultra Carbon Neutral.
Emirates will be operating twice daily flights on its flagship A380 aircraft to Mauritius from 1 July 2022 to meet the increase in demand for travel to the island nation.
The Central Bank of Kenya (CBK) announced the acquisition of 73% shareholding of Key Microfinance Bank (Key MFB) by LOLC Mauritius Holdings Limited (LOLC Mauritius).
In a bid to give a boost to the Small and Medium Enterprises (SME) sector, Mauritius Telecom (MT) launched a Plug and Play internet offer, MyT Start-Up, to promote aspiring entrepreneurs.
The Covid-19 crisis has pierced through the fabric of every layer of society, leaving virtually no country unscathed. The consequences for businesses has been significant and African economies have had to make rapid changes to their way of doing business.
The Mauritius Commercial Bank (MCB) announced it has been licensed by the Dubai Financial Services Authority to provide Advising and Arranging services.
Mauritius is positioning itself as a gateway into the larger African continent by Indian businesses after the two countries signed an economic pact earlier this year.
Condor announced it has launched flights to Mauritius, the Seychelles and the Maldives, three of the most popular destinations in the Indian Ocean.
Proparco, a subsidiary of ‘Agence Française de Développement’ (AFD) and its German counterpart DEG, signed a loan agreement for an amount of €25 million in favour of BCP Bank (Mauritius).
The OPEC Fund is participating in Mauritius Commercial Bank’s (MCB) $1 billion syndicated term loan facility for an amount of $42.5 million.
The Financial Services Commission Mauritius and Capital Markets Authority Kenya ink deal to strengthen cooperation
The Cooperation Agreement establishes a mechanism for strengthening technical exchanges concerning financial regulation between both regulatory authorities.
Mauritius Commercial Bank signs $20 million term loan facility with Bank of Kigali to support its strategic growth objectives
A $20 million loan has been successfully signed between The Mauritius Commercial Bank Limited (MCB) and Bank of Kigali.
Mauritius becomes first African country to launch CISI professional Anti Money Laundering digital learning solution
The Chartered Institute for Securities & Investment (CISI) and Mauritius Finance (MF) have announced a key project in Mauritius to support the country’s compliance with anti-money laundering and counter-terrorism financing (AML/CTF) requirements.
TRAC is a Trade Risk and Collateral Management system supporting Structured Trade Commodity Finance. The TRAC solution handles not only Transactional Commodity Finance but Borrowing Base structures as well.
Social media adoption helps small and medium-sized businesses power Africa’s economic growth, report
A study conducted by Genesis Analytics in eight African countries - Senegal, Côte d’Ivoire, the DRC, South Africa, Nigeria, Ghana, Mauritius, and Kenya - reveals that social media platforms help accelerate economic growth and opportunity across the continent.
Over the last two decades, Mauritius has been extremely successful in achieving rapid growth and substantial diversification of its economy.
[Column] Chido Pamela Mafongoya, Veedushi Mooloo: How Mauritius can take advantage of the African Continental Free Trade Area
The AfCFTA gives Mauritius market access estimated to be as large as 1.3 billion people across Africa, with a combined gross domestic product (GDP) of $3.4 trillion.
The Powership will soon shift from the use of heavy fuel oil to gas. This fuel switch-over will generate material reduction in Senegal’s fuel bill with positive spill-over effect on electricity costs in line with the Plan Sénégal Emergent.
Mauritius Telecom Network Operator Emtel has provided the only landing point for the METISS (Meltingpot Indianoceanic Submarine System) fibre optic cable in the country.
Africa’s mobile users are increasingly concerned about mobile risks and the potential for digital identity theft; however, this is not stopping them from using their favourite messaging platforms and applications.
World Services Group (WSG) announced that ENSafrica has expanded its global membership with five new jurisdictions in Africa in addition to South Africa and Mauritius: Ghana, Kenya, Namibia, Rwanda and Uganda.
The 50 Million African Women Speak (50MAWSP) platform has been unveiled in Port Louis, as Mauritius becomes the tenth COMESA Member State to launch the digital networking initiative.
HPS and the Mauritius Commercial Bank (MCB) signed a definitive acquisition agreement whereby HPS will acquire all outstanding shares from MCB.
Andersen Global further enhances the depth and breadth of its African platform through a Collaboration Agreement with Mauritius-based law firm Prism Chambers.
[Column] Rajnish Aubeelucka: Mauritius oil spill: Our oceans need more than protection, they need investment
Usually bustling with sunburnt tourists, beaches on the island of Mauritius are empty this year. COVID-19 forced Mauritius to close its borders to tourists in March 2020, then another disaster struck.
MIGA issues $25.6m in guarantees to Escotel Mauritius for solar power generation in Sierra Leone and Liberia
MIGA, a member of the World Bank Group, issued guarantees of up to $25.6 million to Escotel Mauritius covering its investments in solar power generation in Sierra Leone and Liberia for a period of up to ten years.
Accelerex Holdings Mauritius has signed an investment agreement with regional private equity firm, Africa Capital Alliance,ACA, for the Capital Alliance Private Equity IV fund to invest $20 million in Accelerex.
Much ink, and oil, has already been spilled about Mauritius having to deal with an ecological catastrophe. A few weeks before, everything was operating at leisurely speed on the south-east of Mauritius.
Moody’s Analytics has announced that MUA, a composite insurer operating across Mauritius and East Africa, will be using the Moody’s Analytics RiskIntegrity™ for IFRS 17 solution and the Moody’s Analytics Scenario Generator to meet the reporting requirements.
Ministers of Health from seven small African island states signed an agreement to jointly procure drugs and vaccines in a bid to improve quality and access to medicines and other health products.
Emirates announced it will resume flights to Johannesburg (1 October), Cape Town (1 October), Durban (4 October) in South Africa; Harare in Zimbabwe (1 October); and Mauritius (3 October).
inq. has officially launched in Nigeria, bringing to fruition the dream of building a pan African network across African cities to reimagine a better future through digital solutions.
The Board of Directors of the African Development Bank has approved a $500,000 emergency assistance grant to support international recovery efforts after a significant oil spill earlier this year off the coast of Mauritius.
PraxisIFM has been supporting relief efforts in Mauritius following bulk carrier MV Wakashio oil spill, which the Government of Mauritius has declared an environmental emergency.
Often close to world shipping lanes, small island and coastal nations are at particular risk from oil spills.
The Bank of Mauritius, acting under section 17 of the Banking Act 2004, revoked the Islamic Banking Licence of Century Banking Corporation (CBC) with immediate effect.
On 25 July 2020, a bulk carrier vessel, MW Wakashio, ran aground on the reef of Point d’Esny, off the coast of Mauritius, approximately 40 kilometres southeast of the country’s capital, Port Louis, carrying nearly 4,200 metric tons (MT) of fuel.
Vivo Energy Mauritius, company holding the Shell franchise in Mauritius, is expanding its product range with three new generations of lubricants in the Shell Helix and Rimula ranges.
The Bank of Mauritius has become a member of the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), with request for membership being unanimously approved by all NGFS members.
The World Bank has classified Mauritius as a high-income country for the first time, joining Seychelles as the second high-income economy in Africa.
Pursuant to a settlement agreement, the African Development Bank announced the debarment of Burmeister & Wain Scandinavian Contractor, for a period of 21 months.
True Tesla Technologies Mauritius partners with CEB for world’s first cascading hydro power plant pilot project
True Tesla Technologies in Mauritius has entered into a connection agreement with CEB, for the installation of an innovative Tesla Cascading Hydro Power Plant.
Air Mauritius has resumed commercial cargo operations to and from some designated destinations.
Mauritius will set up a technical team to conduct a review of the industrial sector in the country, as well as propose recommendations for the consolidation of the local industry.
AkzoNobel has completed the acquisition of 100 per cent of the shares of Mauvilac Industries Limited, a paints and coatings company in Mauritius.
Bank of Mauritius introduces support programme, accompanies local economic operators in COVID-19 context
The Bank of Mauritius has been closely monitoring the outbreak of COVID-19 and its plausible economic impact on the banking sector and the Mauritian economy.
Absa Group Limited’s Barclays-branded subsidiaries in seven African countries - Botswana, Ghana, Kenya, Mauritius, Seychelles, Tanzania and Zambia were renamed ‘Absa’, completing the name change across the continent.
Vivo Energy Mauritius has been awarded ISO 45001: 2018 certification for its depots, the latest international standard which establishes requirements in terms of health and safety at work.
[South Africa] JSE, African exchanges, AfDB and ASEA partner to increase cross-border trade in Africa
JSE and seven African partner exchanges in collaboration with the AfDB and ASEA hosted the African Exchange Linkage Project Stakeholder Engagement Forum to strengthen investment flows across African countries.
The Republic of Mauritius has become the 23rd member state of Africa Finance Corporation (AFC), Africa's leading investment grade, infrastructure solutions provider.
African law firm Bowmans is aiming to unlock more opportunities for its clients and contacts on the African continent with its expansion into Mauritius and Ethiopia.
Marking a milestone in its expansion into Africa, Andersen Global announced has entered into a collaboration agreement with ATax Advisors Limited (ATax), a tax and advisory firm in Mauritius.
The Flying Academy of the Air Mauritius Institute (AMI) has been launched offering pilot training for an ATPL license recognized by the International Civil Aviation Organization.
South Africa, the continent’s largest economy by GDP, can lay claim to being the “gateway” to doing business in Africa by virtue of its size, sophistication and connectivity.
The Stock Exchange of Mauritius (SEM) has announced the inclusion of the African Export-Import Bank (Afreximbank) in the SEM-10 index.
Air Mauritius has started operations to Seychelles. The flights will be operated twice weekly by the Airbus A319, offering 16 Business class and 108 Economy class seats.
Bank of Mauritius wins Best Financial Services Institution, MEA Markets African Business Excellence Award, 2019
The UK-based Middle East and Africa (MEA) Markets Magazine has conferred upon the Bank of Mauritius its African Business Excellence Award as ‘Best Financial Services Institution 2019 Mauritius’.
The International Business Magazine has conferred upon the Bank of Mauritius its Award for ‘Best Central Bank for Corporate Governance Indian Ocean 2019’.
UNCTAD and Mauritius ave signed a memorandum of understanding to open a new centre of excellence for the fisheries sector in developing countries.
Lower-paid workers in Mauritius are to some extent catching up to their higher-paid counterparts over time, according to Mauritius: Earnings Mobility and Inequality of Opportunity in the Labor Market, a new World Bank report.
Air Lease Corporation has announced the delivery of one new Airbus A330-900neo aircraft on long-term lease to Air Mauritius.
Lower-paid workers in Mauritius are to some extent catching up to their higher-paid counterparts over time, according to a new World Bank report.
Saudi Arabia’s largest mining company, Ma’aden, will make its first international acquisition with the purchase of an African Fertilizer distribution company.
The refurbishment of the old Saint Louis power station by the African Development Bank (AfDB) has brought a breath of fresh air to those working at and living in the north west of Mauritius.
Embraer has signed a firm order for 10 E195-E2 jets with Air Peace, Nigeria's airline. The order was announced during the Embraer's Africa Airline Business Seminar, in Mauritius.
Trade tensions and populist undercurrents continue to dominate the global economic climate.
Mauritius most connected country in Sub Saharan Africa to international trade, DHL Global Connectedness Index
Global logistics company DHL has released the fifth edition of the DHL Global Connectedness Index.
Domino's Pizza is continuing its global growth momentum with the opening of its first store in Port Louis, Mauritius.
The International Air Transport Association (IATA) has called on the government of Mauritius to continue to focus on aviation as a strategic enabler of the country’s economic and social development.
As part of his visit to China, Mauritian Prime Minister Pravind Kumar Jugnauth visited Huawei's Executive Briefing Center and held talks with Peng Zhongyang, Senior Vice President at Huawei. He said that Huawei is a trusted partner of the country for digital transformation.
Africa50, the pan-African investment platform has announced that the Republic of Mauritius has become its 30th shareholder.
Miles Software, the global fintech giant in the Wealth, Asset, Portfolio management and Custody business, has announced the strategic partnership with SBM Bank (Mauritius) Ltd (SBM) and SBM (NBFC) Holdings Ltd to launch their flagship technology platform.
Vantage Capital announces today that it has provided $10 million of mezzanine funding to Cap Tamarin, a mixed-used, residentially-focused village located on the sought-after west coast of Mauritius in a seaside village called Tamarin.
Africa’s hotel sector has the potential for further growth over the next five years. An increase in the number of travelers, and an expansion in a number of hotel chains reinforces the hotel sector’s untapped potential for business growth.
Vivo Energy Mauritius, the company that distributes and sells Shell products, and the Titanium Travel Club travel agency have announced the beginning of a commercial partnership for the travel sector.
Karim Bernoussi, Chief Executive Officer of the Intelcia Group, a major player in customer relations, announces the integration of outsourcing sites Outremer Télécom Maurice et Madagascar, which will now conduct business under the Intelcia banner.
Mercer, a global consulting leader in advancing health, wealth and careers, and a wholly owned subsidiary of Marsh & McLennan Companies, has ranked Port Louis the best city in Africa, according to their 2018 Quality of Living Survey.
Maureva has chosen Hi-Fly Marketing, the growing South African company specialising in technical services in the African aviation industry, as its commercial representative.
Huawei Marine is set to partner with PCCW Global to construct the first submarine cable between Mauritius and Rodrigues Island to meet the increasing demand for internet connectivity in the region.
Six in 10 Mauritians say that corruption has increased over the past year, according to the latest Afrobarometer survey.
Kenya Airways is now flying directly to Mauritius as part of its broad strategy to expand its footprint across Africa.
Angola has exempted tourism visas to stay up to 30 days per entry and 90 days a year to four African countries and one Asia nation, based on the principle of diplomatic reciprocity.