Mauritius: Latest News

  • Will Marriott’s Buyout Of Starwood Hotels Create A Monopoly In Africa?

    Marriott's Buyout Of Starwood Hotels By Dana Sanchez, 12:26 pm

    The $12.2 billion sale is expected to be complete by mid-2016. It’s part of a trend for consolidation across the global hotel industry, and these global mergers are likely to impact African hospitality significantly. “This domination by the new merger company will lessen over time as other companies start to understand the appeal of the African market,” a stakeholder said. The combined company will have 10% of the total hotel supply in the world — not a monopoly.

  • If Barclays Africa Is For Sale, South Africa’s PIC Says It’s Buying

    By Dana Sanchez, 2:41 pm

    A Barclays sell-down may be a way for South African investors to reclaim the banking asset from British control and create a South African champion. But rumors of a Barclays Africa sale are just that — rumors — according to the head of South Africa’s Public Investment Corporation. He said he got that from Barclays Africa CEO Maria Ramos. PIC is the second-largest investor in Barclays Africa after Barclays with a 5.44% stake valued at $303.3 million US.

  • Airbnb Grew 249% In 2015 For International Business Travel

    By Dana Sanchez, 3:00 pm

    For $50, you can stay in the 51st floor penthouse of Africa’s tallest apartment building in downtown Johannesburg — dinner included. Or you can stay at an Airbnb-listed accommodation maintained by the Kigali Art Gallery, which teaches art to genocide survivors and impoverished youth. Airbnb says it was designed for micro-entrepreneurs. Like Uber, the tech-based booking platform is not without critics who blast the sharing economy.

  • 8 Of The Most Useful African Passports

    South African passport By Peter Pedroncelli, 8:05 am AFKI Original

    Carrying a South African passport means you can travel to 97 countries without a visa, making it one of the top three countries in Africa whose citizens have broad freedom to travel. Certain countries have more freedom than others when it comes to travelling without a visa. Check out 8 of the most useful African passports to have.

  • Sub-Saharan Africa M&A Deals Jump 73% To $66.7B In 2015

    M&A Africa By Kevin Mwanza, 1:04 am

    The overall value of reported mergers and acquisitions (M&A) in sub-Saharan Africa jumped by a hefty 73 percent in 2015 compared to the previous year, a report by Thomson Reuters and Freeman Consulting has shown. “The value of announced M&A transactions with any sub-Saharan African involvement reached $66.7 billion for 2015, 73 percent more than the value registered during 2014,”

  • 8 Botanical Gardens In Africa That Evoke Eden

    By Julia Austin, 10:33 am AFKI Original

    Mount Mabu, an unmapped area of Mozambique known to locals but unexplored by researchers came to light in a Google Earth search that sent scientists hightailing it to Africa within the last decade. There they reconfirmed that the continent is in fact the home of the lost Eden. Humans have tried with some success to give a degree of permanence to the continent’s lost habitat. Check out 8 botanical gardens in Africa that evoke Eden.

  • Mauritius Investments in 2015 Targeted Luxury Real Estate, Not Financial Services

    By Staff, 1:34 pm

    Like other emerging economies, Mauritius has been hurt recently by investments being diverted to other destinations perceived safer in the developed world. Investments in the Indian Ocean island fell by nearly 30% to about $200 million in 2015 through September. Investments that did come in targeted luxury real estate rather than manufacturing, outsourcing, ICT and financial services.

  • 8 Mystical World Heritage Sites In Africa

    world heritage sites in africa By Julia Austin, 3:44 pm AFKI Original

    Some of Africa’s world heritage sites have such powerful energy, that people travel there just to experience a miracle, or to be in the presence of the ghosts of some of the continent’s most spiritual, historical places. During the 18th and 19th centuries runaway slaves hid in the caves of Le Morne Mountain, Mauritius. Some of their settlements still remain. Check out 8 mystical World Heritage sites in Africa.

  • Netflix Goes Live In Africa And Most Of The Rest Of The World

    By Dana Sanchez, 6:40 pm

    While its expansion to Africa is a welcome development, the U.S. company could face challenges due to the high cost of Internet mobile data and lack of quality broadband. Africans are already fans of most Netflix content. Netflix could oust Naspers-owned digital satellite TV service, whose users complain about its fees. However, Netflix isn’t cheap either. Still, the U.S.-based company has 65 million streaming customers worldwide.

  • 12 Apps And Websites That Have Been Blocked And Censored In Africa

    By Julia Austin, 2:31 pm AFKI Original

    At first, Egyptian consumers thought the government blocked access to voice calls on social media because telecoms were losing money. There has since been speculation that the government banned these types of services because they are hard to monitor for terrorist activity. Freedom of speech isn’t guaranteed, and in times of war, even less so. Check out 12 apps and websites that have been blocked and censored in Africa. They’ll surprise you.

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