Mauritius: Latest News
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.
Joe Kennedy, 6:30 pm
Rainstorms in Africa come in many forms. They can involve a cool, coastal drizzle coming over Table Mountain in Cape Town, a tropical downpour on a Mauritian beach, or a towering thunderstorm unleashing itself on the Tanzanian savanna. But no matter how the rain arrives, it’s usually outstandingly beautiful. Here are some incredible photos of rainstorms in Africa.
Dana Sanchez, 3:22 pm
Mauritius-based Mi-Fone says the temporary injunction is a victory for small business and for African brands fighting to compete with large non-African brands. Mi-Fone is the original holder of the Mi trademark in Nigeria, the court ruled. Chinese mobile phone manufacturer Xiaomi is the world’s fourth-largest smartphone maker, the fifth-largest by sales volume, and it also has “mi” in its name.
Peter Pedroncelli, 8:23 am AFKI Original
The African national teams are currently involved in Gabon 2017 Africa Cup of Nations (AFCON) qualifying with matches to decide the teams that will progress to the next round of the qualification campaign to take part in the Nations Cup in early 2017. There are many fixtures taking place, with some of Africa’s best national teams involved in the campaign in an effort to earn their ticket to Gabon and a chance to be champions of Africa.
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