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Morocco’s Banque Centrale Populaire (BCP) sets its presence in Mauritius 21-11-2018

The Banque Centrale Populaire (BCP) of Morocco released a Communique on 16th October 2018 announcing the finalization of its acquisition of Banque des Mascareignes in Mauritius from Banque Populaire et Caisse D’épargne (BPCE), after receiving the necessary regulatory approvals.   BCP is one of the leading banks in Morocco and has the highest share (over ...

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Fraser Institute’s 2018 Economic Freedom of the World Report: Mauritius ranks 1st in Africa 21-11-2018

The 2018 Economic Freedom of the World Report recently published by the Fraser Institute ranks Mauritius 1st in Sub Saharan Africa and 8th worldwide. A total of 162 countries participated.   The index measures the degree to which the policies and institutions of countries are supportive of economic freedom, which it defines as being based on personal choice voluntary ...

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Mauritius Residence Schemes: Not harmful to the integrity of the CRS according to OECD 21-11-2018

The OECD, which had initially included Mauritius in the list of CRS-committed countries that offer Residence and citizenship by investment (CBI/ RBI) schemes that could potentially be detrimental to the integrity of the Common Reporting Standards (CRS), has on 22nd October overtu
ed its previous assessment and has removed Mauritius from the list.   This latest move ...

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Mauritius Cinema Week  21-11-2018

The second edition of the Mauritius Cinema Week was successfully held from 18th – 21st October 2018.   With the aim to promote the Mauritian Film Industry, the Mauritius Cinema Week is an annual event branded as ‘East meets West’ with this year’s focus on the business opportunities in the sector.   During the event, emphasis was placed ...

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The Monetary Policy Committee of the Bank of Mauritius keeps the Key Repo Rate unchanged 21-11-2018

At its meeting on 9th November 2018, the Monetary Policy Committee (MPC) of the Bank of Mauritius (Bank) decided to keep the Key Repo Rate (KRR) unchanged at 3.50 per cent per annum.   The decision was taken based on several considerations. First, the downgrading of global forecasts and global economic uncertainties. The MPC noted that the IMF has, in its October 201 ...

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Bank of Mauritius wins Capital Finance International’s Best Central Bank Governance 2018 21-11-2018

The Bank of Mauritius (BoM) has, once again this year, been conferred the ‘Best Central Bank Gove
ance – Indian Ocean’ award by the London- based Capital Finance Inte
ational (CFI) magazine.   The award, which covers the whole of the Indian Ocean region, was conferred following a critical assessment based on media analysis, corporate leadership, a ...

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First blockchain securities exchange in Mauritius is launched by MINDEX, GMEX Group and HYBSE 21-11-2018

On 6th November 2018, the HYBSE – a revolutionary blockchain exchange platform – was launched by a Mauritius –based joint venture between MINDEX Holdings Limited (MINDEX), GMEX Group Limited (GMEX) and Hybrid Stock Exchange Corporation Limited (HYBSE).   MINDEX is a complete exchange, post trade and physical infrastructure that will facilitate a var ...

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OECD: Mauritius Tax regimes NOT harmful 21-11-2018

On 15th November 2018, the Organisation for Economic Co-operation and Development (OECD) has, released its progress report on the Peer Review Results on Preferential Regimes which included 53 Jurisdictions.   According to the Report, Mauritius meets all the inte
ational requirements of the BEPS Action 5 and does not have any tax malpractices.   The following ...

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The 2018 Ibrahim Index of Africa Governance: Mauritius tops the list 21-11-2018

This year again, Mauritius ranks first in Africa in the Ibrahim Index of Africa Gove
ance, which was published by the Mo Ibrahim Foundation on 29th October 2018. A total of 54 African countries took part in the index.   The Ibrahim Index of Africa Gove
ance measures and monitors gove
ance performance in African countries. It defines gove
ance as “the provis ...

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Ease of Doing Business 2019: Mauritius again 1st in Africa and joins the Top 20 worldwide 21-11-2018

The World Bank ranks Mauritius 1st in Africa and 20th worldwide in its ‘Doing Business Report 2019’, which was released on 31st October 2018. The report assessed a total of 190 countries in the world, of which the top three countries are New Zealand, followed by Singapore and Hong Kong.   With a score of 79.58, Mauritius once again improved its ranking by ...

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