AGP Executive Report
Last update: 11 hours agoFisheries Enforcement: Mauritius approved amended rules for its fisheries electronic reporting system to curb IUU fishing, including mandatory ERS repairs within 30 days and restrictions on starting trips until units are fixed and verified. Aviation Policy: Mauritius will set up a National Aviation Council reporting to the Prime Minister to review air access from a global perspective, with Air Mauritius and civil aviation stakeholders plus independent specialists. Port Louis Upgrade: HHMC won a Port Louis crane deal, adding to capacity at the island’s main container terminal operator. Regional Connectivity: Kenya launched the LuLu Coastal Cable System, a fully protected submarine cable along 500km of coastline, co-developed with Mauritius-headquartered INDOI, aiming for service readiness in 2028. Cross-Border Payments Push: India’s UPI drive goes global, with Prime Minister Modi calling for integration with payment rails in countries with large Indian diasporas; UPI is already active in Mauritius and 10 other markets. Capital Markets Watch: India’s NSE IPO may shrink as the offer-for-sale is expected to drop to 5.2–5.5%, with a likely price band of ₹1,700–₹1,785 and a targeted Sept 18 opening and Sept 25 listing. Offshore Finance: Adani Group plans a $2.5bn offshore refinancing via Mauritius-based entities, potentially the biggest offshore loan of the year, to refinance debt tied to cement acquisitions. Investor Tools: A tax guide for investors and entrepreneurs was launched, focusing on regimes, tax laws and agreements.
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