For the six month period, the Knitwear cluster contributed the most across segments, with revenue of Rs 2.55 billion and profits of Rs 154.68 million. (Image: Reuters) Mauritius-based clothing major CIEL Textiles has seen group profits rise by 28% to Rs 275.84 million for the half year ended December 31, 2013, supported by improved performance…

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The Board of Investment (BOI) kicked off its Africa Partnership Conference on 20 September, bringing together representatives of investment promotion agencies and industry representatives from Mauritius and Africa to discuss the opportunities and challenges of driving growth in Africa through greater collaboration on investment promotion. Two new MoUs were also signed between the BOI and…

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New corporate comms agency Acuitas Communications launches in Mauritius, London and Brussels

Samantha Seewoosurrun and Simon Nayyar are delighted  to announce the launch of their new PR business, Acuitas Communications. The agency provides a full service PR offering, including corporate communications, financial communications, public affairs, and crisis management. The agency has a unique footprint, with offices in Mauritius, London and Brussels, as well as a global affiliate…

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Utilis Corporate Services Ltd, a Management company that specialises in fund administration and capital market transactions has merged with Safyr Wealth Services Ltd and SAFYR Engineered Tax Services Ltd. The new entity, SAFYR UTILIS LTD, has received all regulatory approvals and has been operational since 1st July 2016. According to Reshan Rambocus, Chief Executive Officer…

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Anglo African Ventures the Fintech start-up investment division within Anglo African looks to invest in and establish strategic partnerships with Fintech start-ups whose technology can be sold into the company`s client base.

A Difference of Approach – Corporate Incubator Models Who Can Ventures Learn From? Anglo African Ventures, the Fintech start-up investment division within Anglo African, looks to invest in and establish strategic partnerships with Fintech start-ups whose technology can be sold into the company`s client base. Why Africa? Africa is a continent that has embraced connectivity.…

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AXA is joining forces with Lloyd’s to create a specialty insurance venture named ‘AXA Africa Specialty Risks’

AXA is joining with Chaucer, a specialty Lloyd’s insurance group, to create a specialty insurance venture named ‘AXA Africa Specialty Risks’ which will be dedicated to covering specialty insurance lines in Africa, which comprises for instance political risks, energy and infrastructures. The UK holding company for the venture also owns a subsidiary, a Mauritius-based Lloyd’s…

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On 12 April, the European Commission adopted a new proposal to introduce public country-by-country reporting requirements for the largest companies operating in the EU and in so-called ‘tax havens’ to “address concerns flowing from the Panama Papers”. The European Commission also published new draft legislative provisions which will pave the way to the creation of…

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Phoenix crowned top Mauritian brand at 2nd Brand Magic Summit 2016

Phoenix Beverages was crowned as the top brand in Mauritius at the 2nd Brand Magic Summit 2016, closely followed by Sunny in second position and Mine Apollo in third place. The findings were revealed in a survey by TNS Analysis, which conducted 750 face-to-face interviews with a representative sample between mid-February and mid-March 2016. Phoenix Beverages was…

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Mauritius’ FSC suspends Belvedere Management licence upon non compliance

The Financial Services Commission (FSC) of Mauritius has suspended the management license of Belvedere Management Ltd upon noncompliance and this suspension follows action taken by the Financial Services Commission in Guernsey against funds managed by Lancelot Management.(Image: Moneyhub.co) The Financial Services Commission (FSC) of Mauritius has suspended the management license of Belvedere Management Ltd upon…

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AfDB puts Africa on Information Highway with data portal initiative

Data portals and open data systems have been developed and installed in all 54 African countries and in 16 regional/sub-regional organisations. (Image: Africa Data)Data collection and dissemination challenges were highlighted at several recent pan-African and international meetings, culminating in the African Development Bank Group (AfDB) creating a transparent, reliable and credible portal to improve data…

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