Mauritius – KMAUPDATES

Sep92020 by KMA UpdatesNo Comments

Coronavirus – Mauritius: Telephone Talk between Foreign Minister MOTEGI Toshimitsu and Mauritian Prime Minister Pravind Jugnauth

INTERNATIONAL

TOKYO, Japan -- On September 7, commencing at around 15:35 for approximately 20 minutes, Mr. MOTEGI Toshimitsu, Minister for Foreign Affairs of Japan, held a telephone talk with the Honorable Pravind Jugnauth, Prime Minister of the Republic of Mauritius.At the outset, Minister MOTEGI paid respect to the government and the people of Mauritius for responding to the oil spill off its coast under difficult circumstances. Minister MOTEGI also explained that the Government of Japan took the accident very seriously, and upon the request of Mauritius, immediately dispatched the Japan Disaster Relief (JDR) Expert Teams as well as provided equipment, and expressed his intention to continue to send experts. Following the outset remarks, Minister MOTEGI mentioned that he recognized the issues of t...

Euromoney Awards for Excellence: Best Bank in Mauritius

AFRICA

PORT LOUIS, Mauritius, July 24, 2020/ -- For the seventh consecutive year, MCB (https://www.MCB.mu/en/) has won the title of Best Bank in Mauritius awarded by Euromoney magazine. The "Awards for Excellence" are the prizes that are valued by important banks and bankers. They were established in 1992 and were the first of their kind in the banking industry. Commenting on this award, Louise Bowman, Editor, Euromoney Magazine, explained : “MCB is this year’s best bank in Mauritius. As well as onshore banking, MCB has been able to expand its operations in Africa and retains a sound capital and funding position having last year raised $800m with a syndicated term loan in the international debt markets. The bank is implementing a digital transformation programme and has improved its JuicebyMC...

AFRICA: Tanzania, Mauritius, Benin shift up World Bank income rankings

AFRICA, TANZANIA

The World Bank on Wednesday classified Mauritius as a High Income country while Tanzania and Benin are now considered Lower-middle income countries, classifications that are being celebrated in these African economies. Tanzania’s president John Pombe Magufuli shared the news on social media, highlighting the fact that the feat has been achieved five years earlier than projected. “Today, the World Bank has declared Tanzania Middle Income Country…We had envisaged to achieve this status by 2025 but, with strong determination, this has been possible in 2020,” Magufuli tweeted. According to the World Bank data, Tanzania’s Gross National Income (GNI) per capita as of July 1, 2020 is $1,080 up from $1,020 in 2019. Benin’s GNI per capita is $1,250 while Mauritius is now at $12,740. (The ...