COVID-19 hits the Island
Now that the coronavirus has hit Mauritius the country immediately decided on a lockdown starting tonight at 18h00 and for now to last two weeks. This means that only essential …
Mauritius
USD 191m Investment into lowering Carbon Footprint
The Republic of Mauritius has launched a US$ 191 million project supported by the Green Climate Fund (GCF) and the United Nations Development Programme (UNDP). The project aims to reduce …
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National Budget 2017/2018 confirms successful Economic Upturn
The 2017-2018 Budget which was presented on 8th June 2017 by the Prime Minister, and Minister of Finance and Economic Development, Mr Pravind Jugnauth elaborates on several measures to consolidate …
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World Competitiveness Report reveals Leadership in Sub-Saharan Africa: Rank 1
Mauritius is ranked first in Sub-Saharan Africa and 45th worldwide with regards the global competitiveness index of the Global Competitiveness Report 2016-2017 released on 30th September by the World Economic …
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Slight Rise in Unemployment
The unemployment rate in Mauritius has shown a slight increase to 7.9% in 2015 from 7.8% the previous year, official data showed last week. According to a statement from Statistics …
Ambitious Plans to become Maritime Hub
Mauritius has a deal with a Chinese firm to develop a US$ 113m fishing port and is working with investors on plans to become a maritime hub for Africa, part …
Tourism Revenue decreased by a drastic 3.5%
Tourism revenue in Mauritius fell by 3.5% in the first half of the year as earnings per tourist dropped, official data showed on Friday. Statistics Mauritius said that revenue in …
Interest Rates remain unchanged (since 2013)
Mauritius’ Central Bank held its repo rate unchanged at 4.65% this week, according to an announcement by the MCB Governor. Governor Ramesh Basant Roi said in a press conference that …
Foreign Direct Investments on the (very) Fast Lane
Foreign direct investment in Mauritius jumped 67.3% to 7.926 billion rupees (US$ 253m) in the first six months of 2014 from a year earlier, helped by a flow of money …
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Finance Minister calls it Quits
Mauritius Finance Minister Xavier Duval said on Friday he had resigned over a political tussle with the ruling coalition party in government. The Indian Ocean state’s prime minister said last …