SBM Bank (Kenya) has been ordered to pay AfrAsia Bank over US$7.5 million (Rs300 million), which the Mauritius-based lender deposited in collapsed Chase Bank in April...
Danube Home International, the global franchise division of interior décor and home improvement brand of Danube Group, has signed a master franchise agreement with Hyvec Group,...
Terra Mauricia’s turnover for 2021 increased by Rs1,47billion, to Rs6.2billion, while profits for the year stood at Rs316.7million, representing a turnaround of Rs527.1million compared to a...
The Bank of Mauritius has reported a comprehensive loss of Rs5.5billion in May 2022, according to its monthly financial statement published on its website on August...
Mauritian national Fareed Jaunbocus has been named as “Africa’s most respected CEO” in the “management Consultancy” category. The award event was organised by the Business Executive...
A major change is coming up for gamblers: You might soon not be able to buy lotto tickets with cash – but only with bank cards...
Moody’s Investors Service (Moody’s) has affirmed all ratings and assessments of the three rated Mauritian banks, namely: Mauritius Commercial Bank Limited (MCB), SBM Bank (Mauritius) Ltd....
The future of Huawei, as a leading business partner of Mauritius Telecom, is reportedly in a limbo. MT’s new CEO Neermal Saddul has claimed that MT...
Morning Light Co. Ltd, which owns the Hilton Mauritius Resort & Spa, continues to be loss-making. Its latest financial statements revealed that revenue for the quarter...
United Investments Ltd has just signed a Share Purchase Agreement (SPA) with Alternative Capital Investments Ltd on the sale of AXYS Group of Companies representing all...
