On 19 September, the Financial Services Commission (FSC) of Mauritius kicked off a two-day conference with the theme ‘Forward Looking’, which brought together leading stakeholders from the industry and government authorities to discuss the future path of the Mauritius International Financial Centre (IFC) in the light of the recent 10 Year Blueprint exercise and the […]
Month: September 2018
UAE’s new expat laws could make it top ten world financial hub in a decade
Dubai and Abu Dhabi in the United Arab Emirates (UAE) could soon join London, New York and Hong Kong in the world’s top 10 global financial centre rankings, thanks to new government laws affecting expatriates. This is the bold message from Nigel Green, the founder and CEO of deVere Group, one of the world’s largest […]
UK loses out to US on top financial centres index
The UK has come second in the New Financial International Financial Centres Index, with 40 points across 30 metrics It was beaten to the top spot by the US, which got nearly double the amount of points on the index (79). However, the UK is still the most dominant financial centre in Europe, with its […]
Fintech seen contributing $150 billion to Africa’s GDP by 2022
The contribution of the financial-technology industry to sub-Saharan Africa’s economic output will increase by at least $40 billion to $150 billion by 2022, according to Financial Sector Deepening Africa, a development-finance organisation The industry currently employs about 3 million people directly and indirectly in the region, FSD Africa Financial Markets director Evans Osano said in […]
Biggest Mauritian Bank Sees Infrastructure Boost for Economy
Mauritius’s biggest bank expects economic growth to accelerate next year, driven by railway, road and other infrastructure projects, its chief executive officer said. The Indian Ocean island nation’s economy will probably grow 4 percent in 2019, compared with 3.8 percent this year, MCB Group Ltd. CEO Pierre Guy Noel said in an interview Monday in […]
Attorney General meets delegation from Permanent Court of Arbitration
GIS – 06 September, 2018: The Attorney General and Minister of Justice, Human Rights and Institutional Reforms, Mr Maneesh Gobin, met with a delegation from the Permanent Court of Arbitration (PCA) on 04 September 2018 in Port-Louis, to discuss PCA’s ongoing support of the development of Mauritius as a venue for international arbitration. During the […]
MCB Group and AFDB launch the African Domestic Bond Fund
The African Development Bank (AfDB) and MCB Group launched the African Domestic Bond Fund (ADBF) today at the Hennessy Park Hotel, Mauritius on Monday 10th September 2018. The Fund, which will be listed on the Stock Exchange of Mauritius Ltd on September 18th, 2018, is the first multijurisdictional fixed income Exchange Traded Fund (ETF) on […]
