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The SelfKey Foundation obtains a Regulatory Sandbox License in Mauritius 12-02-2018

  Selfkey, a blockchain-based digital identity firm which allows exchange of information, transactions, and crypto currency portfolios to have their database of verified documents and to keep sensitive information secure, has been granted a Regulatory Sandbox Licence by the Board of Investment (now under the Economic Development) in Mauritius.   The Founder of ...

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FDI to Mauritius increase to MUR 12.3 billion (January-September 2017) 12-02-2018

  The latest statistical release from the Bank of Mauritius (BOM) reveals a surge in inward Foreign Direct Investment (FDI) to Mauritius for the first three quarters of 2017, with FDI inflows reaching a total of MUR 12.3 billion. This amount represents an increase of 16% compared to MUR 10.6 billion registered for the previous corresponding period.   The top 3 ...

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Regulatory committee for Fintech and Innovation launched at the Financial Services Commission (FSC)  12-02-2018

  The Mauritius Inte
ational Financial Center has gained a solid reputation as a well-regulated and transparent jurisdiction, and in a continuous effort to maintain the Mauritius Inte
ational Financial Center as a leading jurisdiction worldwide, the country is now looking into the development of innovative financial services and of the Fintech industry.   &nb ...

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SBM Holdings: First foreign bank to be granted a Wholly Owned Subsidiary Licence by the RBI 12-02-2018

  SBM Holdings, one of the main local banks in Mauritius, has successfully applied for and been granted a Wholly Owned Subsidiary Licence, for the operation of a subsidiary in India, by the Reserve Bank of India (RBI).  It was previously operating as a branch of SBM Bank (Mauritius) Ltd in India for the past 20 years.   SBM Holdings becomes the first forei ...

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Financial Services Industry Highlights 12-02-2018

  According to the latest Performance Highlights released by the Financial Services Commission (FSC), as at 30th November 2017, there has been an increase in the number of Global Business Companies (GBCs) on register, with a total of 21,435 compared to 21,203 for the same period last year. Among new applications received, the greater tendency has been for GBC1s compar ...

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EIU Democracy Index 2017: Mauritius ranked 16th worldwide and 1st in Africa 12-02-2018

  According to the Democracy Index released by the Economist Intelligence Unit (EIU) released on 31st January 2018, Mauritius ranks 16th out of 167 countries worldwide, and 1st in Africa.   Thus, Mauritius gains two ranks this year compared to the previous year, when the country ranked 18th worldwide, 1st in Africa.   On a scale of 1-10, Mauritius scored ...

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Economic Development Board officially operational 12-02-2018

  Further to the proclamation of the Economic Development Board Act 2017, the Economic Development Board (EDB) was officially set up on Monday 15th January 2018.   The former institutions known as the Board of Investment, Enterprise Mauritius and the Financial Services Promotion Agency have merged into this new organisation.   Operating under the aegis o ...

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Mauritius-China Free Trade Agreement: Signature of MoU to launch negotiations 12-02-2018

  In view to launch negotiations for a Mauritius-China Free Trade Agreement, the Ministry of Foreign Affairs, Regional Integration and Inte
ational Trade of Mauritius and the Ministry Commerce of the People’s Republic of China signed a Memorandum of Understanding (MoU) on 12th December 2017.   The signature took place during the 11th World Trade Organisa ...

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BOI wins the United Nations Awards for Promoting Investment in Sustainable Development Goals 21-12-2017

  The Board of Investment (BOI) of Mauritius won the United Nations Awards for Promoting Investment in Sustainable Development Goals at a reception organised by the Investment Commission of the United Nations in Geneva, Switzerland, on 20th November 2017.   This year, the Awards recognize the exceptional achievements of inward and outward investment promotion a ...

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An insight into the Mauritian Capital Market - Capital Markets Brokers Ltd (CMB)  14-12-2017

  At CMB, various solutions are available to suit your financial needs. One of CMB’s services is the Portfolio Management service. Indeed, keeping up with rapidly changing markets everyday, staying on top of your holdings and knowing when to act may be more challenging for you.  Under Portfolio Management services, CMB experts will manage your assets in ...

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