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ITL is proud to announce that it was a sponsor of the African Property Investment Summit (API) which took place on the 25-26 August in Johannesburg, South Africa. The conference regrouped a number of the largest property development companies operating both in Africa and around the globe, high-profile investors and asset managers amongst others.
Yan Ng, executive director of ITL, presented one of the plenary sessions held on the first day of the conference titled “Mauritius as the financial center of choice for investment in Africa”.
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ITL at the ABAN Boot camps |
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ITL is also a Gold sponsor of the African Business Angel Network (ABAN) as part of its philanthropic mission of encouraging trade and investment in Africa.
ABAN is a pan African non-profit association whose main objective is to create the right ecosystem for early stage investors and entrepreneurs. The network will lead to synergistic partnerships and will also create a resource and contact platform for start-up businesses.
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State visit of the President of Republic of Ghana |
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| During his 4-day visit to Mauritius, the President of the Republic of Ghana, Mr. John Dramani Mahama, signed 3 Memoranda of Understanding (MOU)/Agreements on bilateral cooperation between the two countries in various fields.
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Prime Minister presents Economic Mission Statement – Achieving the second economic miracle and vision 2030 |
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On 22 August 2015, Prime Minister Sir Anerood Jugnauth presented the government’s Economic Mission Statement - the economic model being put forward by the new regime to redefine and inject fresh impetus into the economy.
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Stock Exchange of Mauritius (SEM) enters into MOU with the National Stock Exchange of India (NSE) |
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On 3 September 2015, the SEM signed a Memorandum of Understanding with the NSE encompassing several areas of co-operation such as education, training and knowledge transfer in securities markets, product development and indices creation as well as capacity development in the field of surveillance and investigation.
The MOU will further enhance collaboration between the two exchanges and will also consolidate Mauritius’ position as the prime platform for investment in Africa.
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Stock Exchange of Mauritius (SEM) enters into MOU with Maldives Stock Exchange (MSE) |
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On 24 August 2015, the SEM concluded a Memorandum of Understanding (MOU) with the MSE with a view of enhancing the strategic collaboration between both parties and also to promote cross-border investments. It is also expected that the MOU will encourage the sharing of information and technical expertise between both institutions and will assist them in the furtherance of their business goals and objectives. |
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Human Freedom Index 2015 – Mauritius takes top spot on the African continent |
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| The Human Freedom Index (HFI) is a new index recently introduced by the Fraser Institute and takes into account 76 indicators of personal and economic freedom indicators. The HFI 2015 has been based on verifiable data collected for the year 2012 and covers 152 countries for the same year.
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Mauritius and the Czech Republic Sign an Air Transport Agreement |
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Mauritius signed an Air Transport Agreement (the "Agreement") with the Czech Republic on 18 August 2015 as a follow-up of a Memorandum of Understanding and an Air Transport Agreement initialed in November 2014 at the International Conference on Air navigation in Bali.
The Agreement is expected to instill new momentum into the existing relations between the two countries and to also lead to a surge of the tourist and business flows between Mauritius and the Czech Republic.
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Mauritius and Botswana sign updated Double Taxation Agreement |
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A Double Taxation Avoidance Agreement (the "Agreement"), renewing a convention that Mauritius and Botswana have had since 1995 has been signed on 15 August 2015.
Minister of Finance and Development Planning, Mr. Kenneth Matambo represented Botswana while Mauritius’ Minister of Foreign Affairs, Regional Integration and International Trade, Mr. Etienne Sinatambou signed on behalf of the Mauritian government.
The Agreement was amended in line with international standards on transparency and exchange of information for tax purposes further to the amendment of the Income Tax Act in December 2012 to allow the Botswana Unified Revenue Service (BURS) to exchange information for tax purposes. In fact, disclosure of tax information will now only be restricted to persons who are solely involved in the assessment, enforcement or collection of tax.
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