Mauritius | - Part 3

Africa’s Central Banks Reaction Amid Inflation and Growth Concerns

LAGOS (Capital Markets in Africa) – Angola’s central bank left its benchmark BNA rate at 16.0% on 30th January 2017. The National Bank of Angola (BNA), which raised its rate 500 basis points last year – most recently in June – to curb inflation, added its monetary policy committee had also taken note of the trend of declining monetary indicators. Botswana’s central bank left its benchmark lending rate unchanged at 5.5% on 28th February 2017, saying…

INTO AFRICA March 2017 Edition: Africa’s Lions: Trust in Fundamentals

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Welcome to March edition of INTO AFRICA, the publication with fresh insight into Africa’s emerging capital markets. Please download by clicking: INTO AFRICA PUBLICATION: MARCH 2017 EDITION. Recent years have been challenging for Africa: so is the honeymoon over or did the wedding even take place? The oil price crash has had a serious impact on several African countries; the strength of the dollar is causing financing and FX issues; incidences of terrorism…

Bank of Mauritius keeps the Key Repo Rate unchanged at 4%

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PORT LOUIS (Capital Markets in Africa) – The Monetary Policy Committee (MPC) of the Bank of Mauritius unanimously decided to keep the Key Repo Rate unchanged at 4.00 per cent per annum at its meeting today. Growth in major advanced economies is likely to strengthen in 2017. The IMF’s World Economic Outlook Update released in January 2017 projects world growth to increase from 3.1 per cent in 2016 to 3.4 per cent in 2017 and…

Mauritius sugar producer Alteo H1 pretax profit jumps 116 pct

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PORT LOUIS (Capital Markets in Africa) – Mauritius sugar producer Alteo’s pretax profit rose 116 percent to 1.36 billion rupees ($38.42 million) in the six months to December 31 helped by higher sales and favourable prices, the firm said on Tuesday. Alteo is the largest sugar miller on the Indian Ocean island. It also has interests in property development and hotels. In a statement, the firm said “enhanced production capacities in Tanzania and Kenya and…

Mauritian Premier Succeeded by Son as Opposition Plans Protest

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Port Louis (Capital Markets in Africa) – Pravind Jugnauth took over as Mauritius’s new prime minister, a day after his father resigned and bequeathed the premiership to his son, as the opposition announced plans to demonstrate against the transfer of power. Jugnauth, 55, was sworn in Monday at a ceremony in the capital, Port Louis, and said he would retain his portfolio in the Finance Ministry. Opposition parties will gather in the city on Friday to…

Mauritius’ Banking Sector: Overview, Challenges and Opportunities

Posted on by The Editorial Team

Banking Sector Overview Over 20 banks operate in Mauritius and, in addition to traditional banking services, they offer a range of specialised services ranging from custodial services to cross-border activities. Half of these banks offer retail banking services to residents – a space dominated by a couple of players – while the rest focus on specialised international banking services and also include a couple of purely private banks. In Mauritius, the domestic operations are typically…

INTO AFRICA October Edition: Banking in Africa: The current status

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: Welcome to the October edition of INTO AFRICA, a publication with fresh insight into Africa’s emerging capital markets. In this edition, we have a special focus on the Banking Sector in Africa, with an overview of the current trends and opportunities in the Sector. Please download by clicking: INTO AFRICA PUBLICATION: OCTOBER EDITION. The banking sectors in African countries have been on an upward path for nearly a decade posting record growth rates while at the…

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