Posts by AfricaMoney
Bank of Mauritius raises CRR on rupee deposits to tackle excess liquidity
The central bank has hiked the fortnightly average CRR from 8.0 per cent to 9.0 per cent and the daily minimum CRR from 5.5 per cent to 6.5 per cent, with effect from the fortnight starting today. (Image: Bank of Baroda)Bank of Mauritius declared that the Cash Reserve Ratio (CRR) on rupee deposits will be…
Read MoreICT hub Mauritius focuses on legal measures to crack down on cybercrime
The GLACY (Global Action on Cybercrime) Project will implement the principles of the Budapest Convention, and Mauritius is one among the six priority countries selected to benefit from the GLACY project. (Image: Council of Europe Cybercrime) Legal measures play an important role in the prevention of and fight against cybercrime, according to Mauritius ICT Minister…
Read MoreCommonwealth Business Forum to focus on Indian Ocean Rim
Mauritius is an important stakeholder of the Commonwealth Business Forum and the island economy is expected to take center stage this year as the forum focuses on Indian Ocean economies. The 2013 Commonwealth Business Forum (CBF) will focus on the potential for partnership in one of the fastest growing regions of the world, namely, the…
Read MoreForeign workers in Mauritius: Boon or Bane?
With expatriate workers set to cross 40,000 by year-end, AfricaMoney asks Mauritians if these skilled workers are a boon to the economy or a bane to local workers’ employment prospects.
Read MoreThe “Best Bank in Southern Africa” awarded to AfrAsia
AfrAsia Bank has emerged as the “Best Bank in Southern Africa 2013” at the annual African Banker Awards ceremony held recently at Morocco. The event took place during the annual African Development Bank meetings, acting as official patron, and was attended by Thierry Vallet, General Manager & Executive Director of AfrAsia Private Banking to whom the…
Read More