Saturday, November 23African Digital Business Magazine

Mauritius News

Mauritius News

Mauritius News

Gurib-Fakim, Mokgoro, Obozuwa join ImpactHER’s Executive Wise Counsel

The Republic of Mauritius’ First Female President, Her Excellency, Dr Ameenah Gurib-Fakim,   Former Justice of the Constitutional Court of South Africa,  Justice Yvonne Mokgoro, Mrs Patricia Obozuwa, Vice President of Coca Cola, join ImpactHER’s Executive Wise Counsel. First female President of Mauritius, Her Excellency; Dr Ameenah Gurib-Fakim, Vice President, Government Affairs, Communications & Sustainability for Coca-Cola, Africa; Patricia Obozuwa and Former Justice of the Constitutional Court of South Africa, Yvonne Mokgoro join ImpactHER’s Executive Wise Counsel - a close-knit group of extraordinary African female leaders designated to provide strategic guidance to ImpactHER with its efforts to help African women access investors to scale their businesses and capital to build sus...
African News, Mauritius News

Over 4m Jobs In Mainland Africa Supported By Mauritian IFC – Report Shows

A major new study launched today shines a light on the millions of jobs and multibillion dollar GDP created for mainland Africa due to Mauritius’ role as a leading International Financial Centre (IFC). The study argues that the Republic of Mauritius is poised to play a critical role in supporting Africa’s progress towards achieving the UN Sustainable Development Goals. The new report ‘Facilitating Growth, Employment & Prosperity in Africa’ has been produced by Capital Economics for the Economic Development Board of Mauritius. The key findings of the report show that: 2 million jobs in mainland Africa are supported by foreign investment mediated by Mauritius. These mainland jobs represent more than three times the Mauritian population and 0.6 per cent of all employment in the co...
Botswana News, Egypt News, Main, Mauritius News, Morocco News, South Africa News

Competition law in post-pandemic Africa a key driver for market participation, consumer protection and fair practices

 With the growth of economies across Africa, competition law has remained one of the key drivers for effective market participation, consumer protection and fair business practices. However, the global pandemic introduced new challenges for competition authorities in Africa and abroad, with each enforcer pursuing the most beneficial enforcement method for its national or regional jurisdiction. According to Lerisha Naidu, Partner in Baker McKenzie’s Competition & Antitrust Practice in Johannesburg, “These efforts were aimed at curbing the persistence of unjustified price hikes, anticompetitive cooperation between competitors and other harmful business practices that sought to undermine competition. In addition to the urgent responses to the unprecedented impacts of the global COVID-19 c...
N’Gunu Tiny on Why social entrepreneurship supports local communities throughout Africa
Business, Ghana News, Kenya News, Mauritius News, Nigeria News, Sierra Leone, Startups, Tanzania News

N’Gunu Tiny on Why social entrepreneurship supports local communities throughout Africa

Transformative tech and social innovation expert N’Gunu Tiny talks about how social entrepreneurship helps communities in Africa. N’Gunu Tiny, Founder and Executive Chairman of the Emerald Group, is an expert in transformative tech and social innovation. His book Impacting Lives will be published in Fall 2021. Before the pandemic, Africa was surging ahead with local and national developments across all sectors. And COVID-19 isn’t slowing the emergence of social entrepreneurship that is creating ways out of poverty and empowering Africa’s people. From technology to healthcare, grassroots organisations and local communities are fighting to improve local economies. Social entrepreneurship is the key to encouraging this level of development throughout the continent. Social entrepreneurship is...
Deal making slows across Africa but post-pandemic opportunities look interesting
Ethiopia News, Ghana News, Kenya News, Main, Mauritius News, Mozambique News, Nigeria News, South Africa News

Deal making slows across Africa but post-pandemic opportunities look interesting

Deal making activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value compared to 2019. As the continent gears up for post-pandemic recovery in 2021, the opportunities presented by free trade across the continent, foreign investment opportunities due to new partnerships and trade relationships, as well as the post-pandemic focus on technology, healthcare and renewable energy, will be key factors in attracting valuable mergers and acquisition (M&A) activity to the region. Further, South Africa’s deal volume and value both dropped in 2020, with the industrials and healthcare sector attracting the biggest investments. Ghana stood out as a country that...
Egypt News, Ghana News, Kenya News, Main, Mauritius News, Nigeria News, South Africa News

African dealmaking decreases, the Africa’s Free Trade Agreement expected to boost recovery

Dealmaking activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value when compared to 2019. According to Baker McKenzie’s analysis of Refinitiv data, M&A transactions dropped in SSA in H2 2020, down 4% compared to H2 2019 with 329 deals in the period. Deal value fell by 17% to USD8.9 billion in the second half of 2020, compared to the same period in 2019. For the full year 2020, transactions dropped by 8%, with 625 deals in 2020, and deal value dropped by 33%, with deals valued at USD17.4 billion in total for 2020. However, as Africa gears up for its post-pandemic recovery, it appears that the opportunities presented by the recent launch of fr...
Ethiopia News, Main, Mauritius News, Senegal News, South Africa News, Tunisia News, Zimbabwe News

Funding Africa’s Infrastructure Gap

Key to enabling African economies to make the most of their opportunities is developing infrastructure in the region. Across the continent, new laws are being implemented and alternative sources of infrastructure funding are being sought in order to kick-start direly needed infrastructure projects. At the centre of it all is China, which is providing alternative sources financing to countries in Africa that have not been able to access funding in more traditional ways. The benefits are numerous, but African countries are also concerned about their growing dependence on China. Research released in 2018 from Baker McKenzie and IJGlobal (research) with data drawn exclusively from fully financed projects and excluding recent announcements of government funding commitments, shows that the value...
African News, Mauritius News

Navin Ramgoolam, Our Very Own Father Christmas

Tis the season to be jolly, merry and more importantly spend time with family and loved ones. In Mauritius, the streets from the capital city to every single town around the island are lined with merry street vendors and even merrier shoppers all with the purpose to enjoy this wonderful time of the year and all with the intention of preparing for the inevitable visit the man in red will hopefully pay to every household. By man in red, please understand I am talking about Santa Claus and not Navin Ramgoolam. Although this week, we could be mistaken for thinking he is in fact our very own Father Christmas. As of Tuesday, Ramgoolam was once more thrust into the limelight of newspaper headlines, Facebook statuses and general conversation when he came out with his “Je suis le père de tous les ...
African News, Mauritius News

IMF to open regional training center for Sub-Saharan Africa in Mauritius

By Wallace Mawire The International Monetary Fund (IMF) plans to establish a Regional Training Center (RTC) for Sub-Saharan Africa in Mauritius, according to a spokesperson. RTCs elsewhere in the world have facilitated the training of government officials on the formulation and implementation of macroeconomic policies as well as related statistical and legal frameworks. With support of donors, such centers and programs are operational in Austria, Kuwait, and Singapore, complementing training at IMF headquarters. The new center is expected to close a longstanding gap, as Africa has lacked an IMF training center despite considerable training needs. The RTC in Mauritius will start operations in 2013 with courses and seminars covering macroeconomic policymaking and financial programming, p...
African News, Angola News, Madagascar News, Mauritius News, Seychelles News, South Africa News, Tanzania News, Zimbabwe News

SADC initiative to harmonize seed policies advanced

  by Wallace Mawire The Southern African Development Community (SADC) initiatives on harmonization of seed policies are at an advanced stage with  only a few countries still to sign the Memorandum of Understanding (MOU). The initiatives are being conducted under the Food, Agriculture and Natural Resources Policy Analysis Network (FANRPAN) Harmonized Seed Security Project. According to Dr Lindiwe Sibanda, FANRPAN CEO and Head of Mission, farmers in the SADC region remain seed insecure due in part to conflicting seed laws, regulations and procedures. These are reported to hinder the timely movement of seed across the region's borders. Sibanda says as a solution, FANRPAN has proposed the seed policies harmonization to increase seed flow across national borders. She says there is n...