Luxembourg has been ranked among the top three EU financial centres in 2018, having consolidated its role as a hub for financial institutions operating on a cross-border basis in the European market, as the country reaped rewards from an exodus of companies setting up EU offices pre-Brexit. Last year, Luxembourg’s regulators granted 80 […]
Month: January 2019
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 […]
Can the “jurisdiction of choice for Africa” rival Singapore?
After decades investing in Africa, Harry Sutherland put his money on Mauritius, which he says has the ingredients to become the Singapore of Africa. Having made his first investment in Africa in 1985, Harry Sutherland’s career in managing businesses across the continent has led him to Mauritius. Decades of raising funds for Africa taught […]
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 […]
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, […]
Pound rises after ‘meaningful’ Brexit vote
The pound has risen after MPs voted to reject Theresa May’s Brexit deal by 230 votes. The vote opens up a range of outcomes, including no deal, a renegotiation of Mrs May’s deal, or a second referendum. Sterling rose 0.05% to $1.287 after declines of more than 1% earlier in the day. The currency […]
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 […]
Bourse: un opérateur indien vient concurrencer la Stock Exchange of Mauritius
Après 30 ans de présence, la Stock Exchange of Mauritius (SEM) s’ouvrira à la concurrence avec la présence de la filiale d’une grosse pointure indienne. La Financial Services Commission (FSC) souhaite à travers cette nouvelle plateforme donner plus d’épaisseur au marché boursier. Le paysage boursier sera appelé à changer avec l’avènement d’un nouvel opérateur. Il […]
Terry Smith bags £12m as Fundsmith sends £88m to Mauritius
Star fund manager Terry Smith in line for £12 million payout from record profits but Fundsmith’s payments to linked Mauritius company means that doesn’t tell the whole story. Star fund manager Terry Smith’s Fundsmith business has enjoyed record profits as his giant Fundsmith Equity fund continues to hoover up assets. Pre-tax profits hit £21 million […]
3rd Pension Funds and Alternative Investments Africa (PIAFRICA 2019)
Africa’s major Pension Funds to meet in Mauritius to debate investment strategies Eskom Pension & Provident Fund; Kenya Power Pension Fund; Telkom Retirement Fund; Pencom; Government Employees Pension Fund (GEPF) and National Pension Fund (NPF); are some of the Pension Funds already confirmed to speak at the 3rd Pension Funds and Alternative Assets Africa […]
