Mauritius: Latest News

  • 13 African Countries With The Lowest Central Bank Interest Rates

    Central Bank By Peter Pedroncelli, 2:18 am AFKI Original

    Many countries in Africa have extremely high central bank interest rates compared to most of the world, but there are some who boast lower rates that compare favourably on a global scale. Lower interest rates allow the people of that country to be able to afford loans and pay them back at more favourable rates versus countries where the interest rates are much higher. In comparison, the United States federal reserve has an interest rate of 1 percent, while the United Kingdom’s rate is currently set at 0.25 percent. We take a look at 13 African countries with the lowest central bank interest rates.

  • Barclays Launches E. Africa’s First-Ever Gold-Backed Exchange Traded Fund

    first-ever gold-backed exchange traded fund By Dana Sanchez, 5:17 pm

    Each security is equivalent to 100th of an ounce of gold and is backed by physical gold. The Nairobi all-share index hit a 47-month low March 8, driven down by bank stocks and a Safaricom selloff. Having local currency exposure to the spot price of gold is attractive to local pension funds and others restricted in overseas investment. “It makes sense to be adding complexity to the stock exchange… Barclays is ‘pushing at an open door by launching a gold-based ETF,” an investment advisor said. “There’s clearly demand for gold here because people see it as a store of value.”

  • It’s Not All About Money: 14 Happiest Countries In Africa

    Happiest Countries In Africa By Dana Sanchez, 3:22 pm AFKI Original

    Despite declining oil prices, oil-rich Norway is the happiest country in the world — proof that it’s about more than income. The people who live in the happiest countries in the world also value good governance, freedom, generosity, honesty, and health, according to World Happiness Report. There’s a deficit of happiness in Africa. African youth are essentially optimisitic and resilient in the face of poor infrastructure, but they are disappointed with development under democracy, say the authors of the report.

  • 23 African Countries With The Lowest Unemployment Rates

    African countries lowest unemployment By Dana Sanchez, 2:43 pm AFKI Original

    South Africa is invariably cited in discussions about jobless rates in Africa, but two thirds of African countries have higher unemployment. Africa is witnessing its best growth performance in decades, yet the world’s youngest continent, demographically speaking, continues to have high unemployment with few signs of recovery in 2017. High unemployment is a key factor shaping young people’s decisions to migrate. The continent’s youth population is expected to double to 830 million by 2050.

  • An Investment Banker’s 54 Wishes For African Economies In 2017

    54 Wishes For African Economies in 2017 By Kurt Davis Jr., 4:29 pm AFKI Original

    A sense of what Zimbabwe can expect post-Mugabe. Partnership in the fight against terror for Tunisia. Better strategies combating poverty and HIV in Swaziland. These are just a few of the wishes that a U.S. investment banker visualizes for African countries as the old year winds down and 2016 gives way to 2017.

  • 12 Things You Didn’t Know About South African Business Magnate Sol Kerzner

    By Peter Pedroncelli, 3:45 am AFKI Original

    Business magnate Sol Kerzner, 81, is the innovative property developer of Atlantis mega resorts in the Bahamas and Dubai, but it was South Africa’s Sun City that first propelled him to international fame. The legendary hotel and resort developer sold his family interests in Kerzner International Holdings to a Dubai firm in 2014, but it still bears the founder’s name. Kerzner International Holdings expects to manage its first U.S. resort — also an Atlantis property — in Hawaii. Here’s how he became a global icon.

  • Betting On Poorer Africans, Soros-Backed Leapfrog Raising $800M For Investments, Eyes Kenyan Insurers

    Soros-backed Leapfrog Investments By Dana Sanchez, 9:50 am

    LeapFrog Investments is betting on poorer Africans, or “emerging consumers” because they outnumber the continent’s middle class about four to one. Kenya’s new regulations will create buyout opportunities. Nigeria’s huge population and Ghana’s more sophisticated consumers make those markets attractive too. “We’re looking at payment companies because it’s becoming a popular tool that just offers much cheaper ways of doing business” across the continent, a LeapFrog partner said.

  • Mauritius Has The Fastest Growing Wealth Market In Africa – Report

    Air Mauritius Launches Nonstop To Singapore By Kevin Mwanza, 3:33 am

    Mauritius, an Indian Ocean island in sub-Saharan Africa, is the fastest growing wealth market on the continent with 3,200 millionaires, according to a report by the New World Wealth Investment Review. The average person on the island is worth $ 21,700, which is more than second-placed South Africa, Africa’s biggest economy where the average person is worth about $10,300.

  • Opera Web Browser Hits 100M Users In Africa. Why Do So Many Africans Use It?

    Opera Web Browser By Dana Sanchez, 12:01 am

    Norway-based Opera claims its web browser reaches 100 million African users. How did they get there? There is a high degree of correlation between income and the browser used. But there’s also frst-mover status. Long before smartphones arrived in Africa, Opera was the de facto mobile phone browser. Other browsers came in with more features that most people didn’t need at the expense of bandwidth. That’s how Opera built its name as the go-to browser in communities with low internet connectivity, especially for mobile users.

  • Africa’s Biggest Lender Commits $2B To China This Year

    Africa's biggest lender By Dana Sanchez, 11:12 am

    Africa’s largest lender, Johannesburg-based Standard Bank this year made $2 billion in loan commitments to Chinese-owned development projects in Africa, and it plans to help Chinese entrepreneurs seek African investment opportunities in areas such as retail. Access to credit remains a challenge for many Africans. Standard Bank says its opportunities lie in working “on the yuan’s internationalization and helping Chinese companies transform from … contractors to investors.”

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