Mauritius: Latest News
Dana Sanchez, 1:34 pm
Marriott International, already the largest hotel chain in Africa, is continuing to expand on the continent and plans to build its first hotels in seven African countries between now and 2025. In 2014, Marriott acquired South Africa’s Protea hotels. In January, it said it would merge with competitor Starwood in a $12.2 billion deal that will make the U.S.-based corporation the largest hotel chain in the world. The buyout is expected to be complete in mid-2016.
Dana Sanchez, 10:54 am
Investment in HIV/AIDS treatment is paying off. From 2000 to 2015, all sub-Saharan African countries saw life expectancy rise. Seven African countries are notable for their health care systems. This provides an upbeat alternative to the gloom of the Africa falling narrative that questions the growth of Africa’s much-hyped rising middle class and charges African leaders with poor governance.
Peter Pedroncelli, 5:52 am
New FIFA president Gianni Infantino has suggested that Africa should receive two more World Cup qualification spots if his plan to expand the flagship competition from 32 to 40 teams is successful. Swiss UEFA Secretary General Gianni Infantino was elected as the new FIFA president at the end of February, and began working for world football’s governing body with immediate effect.
Staff, 12:02 am
Shell companies have no active business and usually exist as vehicles for another company’s business operations. They employ no one and produce nothing. They’re often used to shield the identities of their owners and to hide money. Owners create shell companies to hide assets such as private jets so they don’t have to pay taxes, to raise funds, or as a front for an illegal business. It’s not clear why Dangote and his allies set up secret companies. Shell companies are not illegal. Not all owners use them to dodge taxes or hide assets.
Anthony Ham, 6:00 pm
AFKTravel recently launched a series called #InLoveWithAfrica, which comprises a series of “love letters” to various African destinations, written by travel writers who are passionate about the continent. In this installment, Anthony Ham describes how he came to love Mauritius over time. “Mauritius is almost too perfect – the colour of its sea, the deep primary colours of this tropical paradise. This is an island of stories, a place where first impressions can mislead. And it was then that I fell in love.”
Opinion: World Bank Should Stop Lending Money To Companies That Use Tax Havens, Do Business In Sub-SaharaBy Dana Sanchez, 3:14 pm
The world’s largest global development institution, IFC arguably leads the private sector for disclosure, environmental and social standards. But the public still has no access to information about where over half the IFC’s financing ends up, says Oxfam. It makes no sense for World Bank to spend money encouraging companies to invest in development while turning a blind eye to the fact that these companies could be cheating poor countries out of tax revenues.
Dana Sanchez, 1:37 pm
Apparel and footwear — but especially footwear — are among the U.S. industries that benefited most from the African Growth and Opportunity Act. But if you think only U.S. or global brands are looking to set up shop in Ethiopian factories, you’d be wrong. Kenyan footwear designer Emo Rugene is moving his shoe brand, Afroshoes, to Ethiopia. To start production, he needs more funding so he’s doing a Kickstarter campaign. Here are 10 top sourcing destinations in Africa for apparel companies.
Joe Kennedy, 7:00 pm
Over 100 years ago, when Mark Twain visited the exotic island of Mauritius, he quoted a local as saying “Mauritius was made first and then heaven, and heaven was copied after Mauritius.” Fast forward to the present day, and the island nation retains its heavenly qualities — gorgeous beaches, picturesque views in every direction, and balmy tropical weather. Fortunately for travelers, there are plenty of resorts on the island where you can see for yourself. Here are 10 dreamy Mauritius hotels where you can find your own piece of paradise.
Dana Sanchez, 6:34 pm
South Africa’s tourism industry has seen its ups and downs, and right now, it’s up, thanks in part to Chinese tourists. Tourist arrivals from China were up 93 percent in January. A fairly horrible year in 2015, SA tourism was hurt by Ebola fears over an outbreak thousands of miles away and changes in the country’s visa regulations. Tourism contributed more than agriculture to SA’s GDP in 2014.
Global Risk Insights, 7:40 am
Africa is viewed as a highly challenging environment to do business in. Despite this, however, Africa’s growing frontier markets have become increasingly significant to the world’s economy. Comprehensive economic reforms, improving business environments, effective political reforms and good governance have all promoted foreign investment and contributed to Africa’s economic growth. Here are the economic prospects of three of the brightest lights in sub-Saharan Africa today.
- Real Estate