IMF Staff Completes 2019 Article IV Mission to Mauritius

  Real GDP growth is projected at 3.8 percent in 2018 and 3.9 percent in 2019, driven by robust performance in the financial services, construction, and tourism sectors. Mauritius faces the challenge of boosting inclusive economic growth while preserving fiscal sustainability, regaining external competitiveness, and maintaining financial integrity. The mission welcomed the authorities’ ongoing efforts […]

Read More…

EDB issues five Regulatory Sandbox Licences to FinTech companies for their innovative projects

  The Economic Development Board has issued five (5) Regulatory Sandbox Licences to FinTech companies for their innovative projects in Mauritius, pursuant to its powers conferred by Section 24 of the Economic Development Board Act 2017. The Regulatory Sandbox Licence allows the companies to carry out their fintech projects and activities through Mauritius, even if […]

Read More…

SocGen and Absa join forces on wholesale banking in Africa

  French bank Societe Generale and South Africa’s Absa joined forces in Africa on Friday, partnering on corporate and investment banking to broaden their reach across the continent.  The agreement will lead to a closer relationship between the two after Absa, one of South Africa’s biggest lenders, split from its former parent, Britain’s Barclays, in […]

Read More…

Bank of Mauritius signs MOU with China Banking and Insurance Regulatory Commission

  The Bank of Mauritius has today signed a Memorandum of Understanding (MOU) with the China Banking and Insurance Regulatory Commission on cooperation and information sharing in the area of banking supervision. The MOU has been signed by Governor Yandraduth Googoolye on behalf of the Bank of Mauritius and by Vice Chairman Wang Zhaoxing on […]

Read More…

Richard Arlove: «C’est à nous de pousser plus loin nos relations diplomatiques et économiques avec l’Afrique»

Dans un secteur des services financiers mondial qui ne cesse d’évoluer, la remise en question des acquis et la nécessité d’identifier les dé fis relever sont des obligations permanentes des centres financiers internationaux. Richard Arlove fait le point sur le sort de ce secteur à Maurice, dans le contexte du global business. Le premier forum organisé par Ocorian, […]

Read More…

New incentive for global business services will create jobs for youth – Davies

A new incentive for the global business services sector will create employment opportunities for youth in SA, Trade and Industry Minister Rob Davies said.   The Global Business Services incentive – which came into effect on January 1, 2019 – was first launched last month by the minister in London. It replaces the previous Business […]

Read More…