Several changes are expected in the financial sector by the end of the year. The Bank of Mauritius (BoM) will have a new legal framework –...
The Bank of Mauritius has just issued a new Guideline on the use of cloud services which, despite their known advantages, “can expose financial institutions to...
Rising inflation, depreciation of the Rupee, shortage of foreign exchange and overall harsh operating environment continue to assail the operations of the FMCG sector. While food...
The sale of a 40 % in Kenya’s Naivas supermarket in June to a consortium of international investors, including Mauritius-based conglomerate IBL Group, valued the chain...
Mauritius is at an advanced stage of sealing an import deal with Kenya for shipment of day-old chicks. Kenya’s annual chicken exports are valued at Ksh27.3...
Airlines that are late in the payment of passenger service charge to the airport will soon be hit with a penalty of 5% and interest at...
Mauritius has been upgraded on Recommendation 15 as being “largely compliant”during the 22nd meeting of the Eastern and Souther Africa Anti-Money Laundering Group (ESAAMLG) Council of...
MUA Ltd has announced that pursuant to Section 23(1) of the Financial Services Act 2007, the Financial Services Commission has granted its approval on 30 August...
Shareholders of SBM Holdings are apparently furious. During the bank’s AGM held at Ebene held on Wednesday, they reportedly did not get “proper answers” on the...
The Mauritian Revenue Authority (MRA) has issued Income Tax Ruling No. 244, explaining tax residency, exempt dividends, and loss carry-forwards for companies. A company that incorporated in Mauritius...
