On 15th March 2023, the Financial Services Commission (FSC) issued a communication to inform the public and stakeholders in the financial services industry about the recent updates made to the Guidance Notes on Security Token Offerings and Security Token Trading Systems. These updates now allow a Securities Trading System (STS)...
The Economic Development Board (EDB) will be entering into new Memorandums of Understanding (MoUs).
The Economic Development Board (EDB), Mauritius' investment promotion agency, is preparing to establish new Memoranda of Understanding (MoUs) with several governmental agencies in Africa. The agencies include: Le Centre de Promotion des Investissements de la République de Côte d'Ivoire (Ivory Coast) Le Ministère de la Promotion de l'Investissement de la...
The Monetary Policy Committee of the Bank of Mauritius leaves the Key Rate unchanged at 4.50 Per Cent.
The Monetary Policy Committee (MPC) of the Bank of Mauritius has decided to keep the Key Rate (KR) unchanged at 4.50 per cent per annum. Global economic indicators suggest an improvement in economic activity, while inflation is declining in many countries. The domestic economy has shown positive momentum, driven by...
Mauritius and Guyana to Sign Double Taxation Avoidance Agreement (DTAA)
Mauritius and the Co-operative Republic of Guyana have reached an agreement to sign a Double Taxation Avoidance Agreement (DTAA). The primary objectives of this DTAA are to clarify the taxation rights of both countries on income and to achieve the following: (a) Provide certainty to investors and foster a favorable...
FSC releases Public Consultation Guidelines on Cloud Computing Services
The Financial Services Commission (FSC) of Mauritius has recently published draft Guidelines on Cloud Computing Services for public consultation. The purpose of this consultation is to gather feedback from stakeholders and the general public regarding the proposed guidelines. The objective of these guidelines is to define the best practices that...
Update on the renegotiation of the Mauritius-Uganda DTAA
Uganda and Mauritius have finally concluded the rounds of negotiation of the Double Taxation Avoidance Agreement (DTAA) that is currently in place between both countries. Updates revolve mainly around the taxing rights for all hydrocarbon-based transactions which will henceforth be in Uganda's favour, once the updated DTAA has been ratified...
The 2023 Legatum Prosperity Index: Mauritius ranks 1st in Sub-Saharan Africa
In the 16th edition if the Legatum Prosperity Index (LPI) released in February 2023, Mauritius ranked 1st in Sub-Saharan Africa and 47th worldwide (LPI 2022: 1st in Sub-Saharan Africa and 46th worldwide). The LPI assesses 167 countries based on the 12 pillars of prosperity namely: safety & security personal...
Application of e-certificate of character
As from 9 February 2023, local citizens and foreigners can now apply for their Certificate of Character by electronic means in Mauritius. With the existing system becoming less streamlined to handle a surge in the number of applications, the launch of the platform comes at a time where the Government...
Democracy Index 2022: Mauritius remains only “full democracy” in Africa
The Economic Intelligence Unit (EIU) published its Democracy Index (the “Index") for the year 2022, an edition which generated high expectations for its analysis of the state of global democracy after major lifting of pandemic- related curbs worldwide. By assessing the scores across five categories – electoral process and pluralism,...
Opportunities for investors to unleash the potential of Africa.
The 6th edition of the Pension Funds and Alternative Investments Africa Conference was held on March 15-16, 2023, at the Le Meridien Hotel. The conference, organized by AMETrade, brought together over 200 delegates from 15 countries to provide a common platform for the investor community to share opportunities. Mr. Mahen...