RAK International Corporate Centre (RAK ICC), a world-class corporate registry in Ras Al Khaimah, United Arab Emirates, has recently visited the Republic of Mauritius to introduce the growth opportunities that it offers to international business companies. Led by His Highness Sheikh Ahmed bin Saqr Al Qasimi, Chairman of RAK ICC, along with RAK ICC CEO […]
Month: August 2018
Mauritius as an investment hub to Africa
What role can Mauritius play as an investment hub for Africa, at a time where the continent continues to face financing gaps when it comes to the future development of its infrastructure? Energy projects are currently consuming around 60% of African infrastructure investment, and there continues to be significant demand for public and private investment […]
Financial inclusion in Madagascar
Financial access is growing rapidly in Madagascar: From 2014 to 2017, the percent of adults that had a financial account or used mobile money services doubled from 9 percent to 18 percent. However, it is below the 43 percent average for sub-Saharan Africa in 2017. A new edition of the World Bank’s Madagascar Economic Update […]
Fintech could fuel Africa’s next big growth and jobs explosion
The African continent is poised to experience its next big growth phase. While previous growth phases on the continent – which helped birth the ‘Africa Rising’ narrative – were fuelled by the continent’s natural resources and young population, this one will be driven by financial technology, or fintech. That’s according to Karl Westvig, CEO of […]
SANNE appoints Peter Nagle as Managing Director
SANNE has appointed Peter Nagle as the company’s new Managing Director, Client Services – Mauritius. Nagle (pictured), will be responsible for providing expert guidance and support to the local client service leadership teams based on the island. SANNE’s office in Mauritius is the second largest staffed office across the firm’s global network and is home […]
Kenya-Mauritius team to ease movement of capital
A joint Kenya-Mauritius Trade Commission seeking to streamline movement of capital, goods and services has started work. Mauritius Foreign Affairs secretary UC Dwarka Canabady said it will facilitate a review of existing legal challenges faced by Kenyan companies in Mauritius and vice versus. She said Kenya could benefit from use of the Mauritius International Financial […]
South Africa’s wealth management sector hits $722bn
Total private wealth held in South Africa rose from US$670bn at the end of 2016 to US$722bn at the end of 2017, whilst HNWI wealth rose from US$284bn to US$306bn. The industry expects even further growth as the number of South African HNWIs is forecast to increase by 28%, to reach approximately 56,000 by 2027. […]
MRA launches Common Reporting Standard platform for automatic exchange of information
A Common Reporting Standard (CRS) platform focusing on Automatic Exchange of Information (AEOI) for tax purposes in a multilateral context was launched today at the Mauritius Revenue Authority (MRA), Custom House, in Mer Rouge. The Director-General of the MRA, Mr Sudhamo Lal, the Director of Large Taxpayers Department and International Tax, Mr Mario Hannelas, and […]
Australian Chamber of Commerce to be launched in Mauritius
An inaugural establishment meeting for the newly formed Australian Chamber of Commerce (AustCham) Mauritius was held at Labourdonnais Waterfront Hotel on 19 July 2018. The creation of the Australian Chamber of Commerce (AustCham) is very timely as both Australia and Mauritius step up their cooperation against a backdrop of increasing development on the African continent […]
Sustained increase in the Business Confidence Indicator
The MCCI released its Business Confidence Indicator for the 1st quarter of 2018 on Wednesday 02 May 2018.The latest quarterly business survey shows that business confidence continued to rise in the first quarter of 2018. The confidence index rose by 4.1 percent to reach 128.1 points, its highest level since the launch of the indicator […]
