AGP Executive Report
Last update: 8 hours agoIndia–Seychelles Diplomacy: PM Narendra Modi will visit Seychelles from June 27–29 as Guest of Honour for the Golden Jubilee National Day, holding talks with President Patrick Herminie and addressing the Seychelles National Assembly, with the trip also expected to deepen maritime security and economic cooperation. Maritime Security Support: India is also set to hand over a patrol vessel to Seychelles during Modi’s visit, reinforcing surveillance and collective security for smaller Indian Ocean states. Mauritius Finance Spotlight: A new report highlights Mauritius as Africa’s leading financial hub, pointing to the Mauritius IFC and its Variable Capital Companies framework as key tools for cross-border investment into African markets. Banking Expansion: Zimbabwe’s First Capital Bank parent, FMBcapital Holdings, received in-principle approval from the Bank of Mauritius to set up a new commercial bank in Mauritius via a 50:50 joint venture. Tourism & Payments: Mastercard launched Priceless Africa on Priceless.com, adding curated travel experiences across nine markets including Mauritius, as Africa’s international arrivals keep rising. Corporate Debt Move: Vedanta’s Mauritius-linked unit accepted $1.75bn in bids for a three-tranche dollar bond issuance to refinance higher-yielding debt and fund buybacks. Local Tech & Growth: Lavasource appointed Faisal Hawa as Chief Growth Officer, with delivery centres including Mauritius, as it scales consulting and managed services. Sports Media Trend: Spotify data shows football podcast listening is up in Mauritius and across sub-Saharan Africa, reflecting growing demand for longer-form match and fan analysis.
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