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Cyber Security - Mauritius ranks 1st in Africa and 6th worldwide  20-09-2017

  The recently released Global Security Index (GCI) 2017 ranks Mauritius 1st in Africa and 6th worldwide. These rankings reconfirm the strong positioning of Mauritius in the area of cyber security and as one of the safest places for doing business.   In the African region, Mauritius leads the way and scored particularly high in the legal (0.85) and technical fi ...

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Regulatory Sandbox Licence - ITL proud to be associated with 2nd issue of RSL by the BOI 20-09-2017

  The Regulatory Sandbox Licence (RSL) is an initiative proceeding from the Mauritius 2016/2017 National Budget.  The RSL regulation was promulgated under the Investment Promotion Act in October last year and the relevant guidelines were subsequently put in place.     The RSL is an innovative measure that offers the possibility for an investor to con ...

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Saudi Arabian Airlines launches flights to Mauritius 19-09-2017

  Saudi Arabian Airlines (Saudia) started operating flights to Mauritius on 14th September 2017. The three-times-weekly flights operates from Riyadh to Mauritius with a brief one hour stop in Jeddah, taking 9 hours from Riyadh and 7 hours 20 minutes from Jeddah. The carrier, a Boeing 787-9 Dreamliner, comprises 24 fully-flat seats in Business Class and 274 seats in Gu ...

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Japan sets up embassy in Mauritius 19-09-2017

  Japan set up an embassy in Mauritius earlier this year and the country’s first resident ambassador to Mauritius, Mr Yoshiharu Kato, has now taken office in Port Louis.   Mauritius and Japan established diplomatic relations in 1969. Since then, the two countries have shared friendly relations and cooperated in several areas particularly under the umbrell ...

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Direct flights to be launched from Amsterdam to Mauritius 19-09-2017

  As from 30th October 2017, KLM Royal Dutch Airlines will operate a direct flight from Amsterdam to Mauritius in cooperation with Air Mauritius.   Through this partnership, KLM and Air Mauritius will offer their customers with a year-round flight from Amsterdam to Mauritius. In addition, KLM’s vast network in Europe, in particular its positioning on the ...

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Unicity – Medine’s Smart City launched 19-09-2017

  The Medine Group launched its Smart City project on 7th September. ‘Unicity’ will be developed on 823 acres of land and will comprise residential, business, leisure and educational components, developed along a Live-Work-Enjoy-Lea
approach.    This project is part of Medine’s master plan for the development of the group’s land i ...

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IMF Staff completes 2017 Article IV Mission to Mauritius  19-09-2017

  An Inte
ational Monetary Fund mission led by Amadou Sy, advisor for the development of the African continent, visited Mauritius from 21st July to 31st August 2017. This visit took place on the context of regular consultative meetings held with the IMF’s member countries, as per Article IV of the organisation’s Constitution.   The mission has rele ...

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Key Repo Rate brought down to 3.50% 19-09-2017

  The Monetary Policy Committee (MPC) of the Bank of Mauritius brought down the Key Repo Rate from 4.00 % per annum to 3.50 % per annum, with effect from 6th September 2017. This decision was taken after weighing the risks to growth and inflation.   The MPC observed that the domestic economy grew at 3.4 % year-on-year in the first quarter of 2017, compared to 3 ...

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FDI to Mauritius progresses 22.2% for first semester 2017  19-09-2017

  The Bank of Mauritius has released the latest figures on FDI inflows into Mauritius for the first semester of 2017. FDI to the island is estimated at MUR 9.7 billion (approximately USD 278 million), representing an increase of 22.2% compared to the corresponding period last year.   The sector attracting most investments was Property Development, with MUR 5,3 ...

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Bank of Mauritius wins ‘Best Central Bank Governance – Indian Ocean 2017’ award 19-09-2017

  The Bank of Mauritius (BoM) has been conferred ‘Best Central Bank Gove
ance – Indian Ocean 2017’ by the London-based Capital Finance Inte
ational (CFI.co) magazine.   The judging panel lauded the BoM’s commitment to technological innovation and sustainable development and highlighted the bank’s “determination to stay a fe ...

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