Author: praveshramsamooj@gmail.com
Bronwyn Knight, CEO of Grit Real Estate Income Group, provides valuable insights into the group’s existing operating model and diversification strategy that has facilitated robust operations. Additionally, she offers an overview of the dynamic African real estate sector. What can you tell our readers about Grit and its activities? Grit is a London and Mauritius-listed specialist in African Impact real estate. The Group invests in, develops and creates smart solutions in resilient property sectors across the continent for its multinational clients, tenants and investors. Since its inception in 2014, Grit has evolved from income to impactful income. Its substantial real…
The AMM (Association of Mauritian Manufacturers) and the Made in Moris label have presented their observations following the unveiling of the Budget 2023-2024. They have applauded a budgetary initiative aimed at establishing a dedicated flagship store for Made in Moris at the airport. Recognizing its significant potential for tourist expenditure, this move marks a pivotal moment for the SMEs affiliated with Made in Moris. It opens up new avenues for collaboration, innovation, and growth. The organization asserts that this positive momentum will reverberate throughout the local economic landscape. The AMM expresses its satisfaction and commitment to collaborate with various government…
The MIoD aims to support listed companies in reaching the threshold of 25% female representation on their boards of directors as announced in the national Budget 2023/24. MioD’s Women Leadership Academy has already trained 139 women leaders, ready to contribute to boards of directors. The Mauritius Institute of Directors welcomes the national budget announcement for better representation of women on boards of directors. Finmin Renganaden Padayachy announced last Friday in his budget speech that all listed companies will be required to include a minimum of 25% women on their boards of directors. “This decision is important in promoting diversity and…
The SBM Group has officially launched its Sustainability Agenda, reiterating its commitment to continue to promote sustainable business practices and responsible corporate behaviours, alongside strengthening its contribution to inclusive communities and economic development within the countries where it has a presence. The strategic agenda underpins the Group’s sustainable goal of committing to a long-term comprehensive sustainability roadmap that embodies the guiding principles of Environmental, Social and Governance (ESG) best practices, while contributing to the realisation of the United Nations Sustainable Development Goals (SDGs). In his address during the launch event, the Honourable Pravind Kumar Jugnauth, Prime Minister of the Republic…
Mauritius’s relentless pursuit of high-income status resembles the eternal struggle of Sisyphus, as every setback threatens to undo its progress. The country finds itself grappling with the challenges of pandemic recovery, inflation control, and fiscal stability, all while remaining far from its pre-pandemic levels with a 9% decrease in GDP compared to 2019. The formidable obstacles of high public debt, an unpredictable geopolitical landscape, and reliance on traditional sectors further compound the situation. Finance Minister Renganaden Padayachy will need to exhibit ingenuity and resourcefulness to revitalize the economy. Mauritius’s struggle for high-income status can be likened to Sisyphus’s eternal toil…
Having a diploma can provide a foundation for a successful career, but the addition of a strong financial education can truly be life-changing. Ketvi Roopnarain is a passionate advocate for financial literacy, and she works to promote this important skill through her initiative “Anou Koz Kas.” In this interview with Investor’s Mag, she highlights the alarming lack of financial literacy among Mauritians and discusses her projects aimed at improving financial education in the country. Ketvi, what would you say is more important, education or financial literacy? According to the UN, quality education is “the knowledge and skills people need to…
In a recent interview with Investor’s Magazine, Admassu Tadesse, the President Emeritus and Group MD of Trade and Development Bank Group, passionately advocates for African production as a means to reduce the import-export gap on the continent. He emphasises the critical role of the SME sector in driving Africa’s economic growth and development. In this article, we delve into Tadesse’s insights and perspectives on these topics. Can you give us a short brief about ESATAL? Eastern and Southern African Trade Advisers Ltd (ESATAL) is a TDB subsidiary fund manager in Mauritius that has been established to champion the asset management…
In this interview, Nadeem Carrim, Head of Relationships – Global Business at AfrAsia Bank, provides a comprehensive and enlightening overview of the global business sector, highlighting its primary obstacles and growth prospects. What is your sentiment concerning the global business sector in Mauritius? The Mauritius International Finance Centre (IFC) has successfully positioned itself as a sound and resilient gateway for Africa over the last 30 years. According to the report by Capital Economics for the EDB of Mauritius, USD 82 billion of investment mediated through Mauritius into the continent attest to the strategic role of the Mauritius IFC in enabling…
Le Groupe CIEL enregistre des profits nets de Rs 2,84 milliards pour les neuf premiers mois de l’exercice se terminant au 31 mars 2023 contre Rs 1,5 milliard à la période correspondante en 2022 soutenus par les différents pôles d’activité du groupe mauricien. Le groupe mauricien a enregistré une augmentation de 32 % de son chiffre d’affaires, qui passe à Rs 27 milliards, résultat notamment de la bonne performance du pôle Hôtellerie et des autres pôles d’activité. Hôtellerie Le chiffre d’affaires du pôle Hôtellerie s’est établi à Rs 6,3 milliards, soit une augmentation de 85 % par rapport à la…
Last year, the Mauritius International Financial Centre (IFC) introduced the Variable Capital Companies (VCCs) Act. VCCs are a new type of vehicle that complement the available type of funds structuring in Mauritius. Investor’s Mag met with the founders of ONS Finserv Ltd, the first company in Mauritius to incorporate a VCC. Established in 2022, in its first year of operations, ONS Finserv Ltd is a management company regulated in Mauritius with a presence in UAE and Singapore. The company provides a range of services, including fund services and corporate, administrative, and global business solutions, in seven jurisdictions. They are subject…