AGP Executive Report
Last update: 10 hours agoIndian Ocean diplomacy: PM Narendra Modi’s Seychelles visit (Golden Jubilee) underlined India’s push to deepen maritime and defence ties, with talks covering health, education, digital transformation, renewable energy and security, plus a Line of Credit and a first-ever address by an Indian PM to Seychelles’ National Assembly. Mauritius-India cooperation: Modi met Mauritius PM Navinchandra Ramgoolam in Victoria to review the India–Mauritius Enhanced Strategic Partnership and progress under India’s Special Economic Package, with focus on defence, energy, cyber security, skills and the blue economy. Payments integration: NPCI International and Seychelles’ central bank signed an MoU to introduce UPI in Seychelles, aiming for QR-based live payments for Indian travellers once deployed. Banking & regional growth: Moody’s flagged Absa’s proposed R4bn move to raise its stake in Absa Kenya to 85% as credit positive, citing earnings upside in East Africa. Mauritius-linked finance: Afreximbank appointed Peter Adeshola Olowononi as Southern Africa regional chief, with the region including Mauritius. Markets watch: NSE IPO filings point to a dispute over wrongly credited shares, including a Mauritius-based investor angle, as investors track the listing. Tourism demand: UAE travellers are driving Indian Ocean holiday demand, with the Maldives leading bookings and Mauritius among top destinations. Renewables funding: ADFD and IRENA earmarked $25m concessional loans for solar PV projects in Mauritius and Rwanda.
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