Mauritius: Latest News
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.
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.
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.
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.
Dana Sanchez, 10:01 am AFKI Original
A free press always has a positive influence on a country’s economy and on its governance, according to the U.N. The 2015 World Press Freedom Index ranked 180 countries for media independence, respect for the safety and freedom of journalists, and the level of intimidation journalists have to endure to do their jobs. These are the 12 African countries that score highest for freedom of the press.
Dana Sanchez, 10:49 am AFKI Original
Litchis don’t get as much attention as they deserve, but that’s changing. They have substantial export potential, much of it untapped. Litchi exports to the U.S. represent a major step in South Africa’s efforts to expand export markets. Globally, litchis are grown year round, and they’re finding their way into stores more. Once considered an end-of-year exotic, they’re starting to get a permanent position in the product range.
Dana Sanchez, 8:00 pm
Dividends from Absa — a subsidiary of the Barclays Africa Group — helped U.K.-based Barclays weather the storm during the global financial crisis. And Barclays Africa Group — mainly Absa — remains a valuable source of dividend flow for its parent. So why would Barclays sell Absa? It’s just speculation, Absa said. The African unit’s return on equity was 9.3 percent in 2014 — below the bank’s target of 11 percent.
Julia Austin, 7:00 am AFKI Original
Facebook has gone the distance to promote itself in Africa. How far? To infinity and beyond. Well, maybe that’s overstating it, but it works through satellites in space beaming the Internet down on sub-Sahara. To combat the issue of expensive data on mobile phones in Africa, Facebook is offering Internet.org, a system that gives mobile Facebook users free airtime, specifically while on the social media site. Here’s how badly Facebook wants to be in Africa.
Staff, 10:14 pm
Luxury car manufacturers have been expanding their operations in the African market as the number of high-net worth individuals grows. Jaguar XJ sales in Ghana and Nigeria are on par with sales in South Africa. The luxury vehicle Range Rover LWB Autobiography has been particularly popular on the west coast of Nigeria. Over the next two years Jaguar Land Rover will focus on growing its business in six smaller markets.
Dana Sanchez, 10:55 am
Israel Chemicals is the leading provider of pure phosphoric acid. As demand grows in Africa for cheap fertilizer, ICL is finalizing technology needed to produce phosphate products from marine deposits in Namibia. It plans to establish a local industrial pilot plant on Namibia’s Atlantic shore. ICL recently formed a phosphate joint venture with China’s leading phosphate company.
- Real Estate