AGP Executive Report
Last update: 7 hours agoAir Mauritius Governance: The airline has suspended seven managers, including CCO Laurent Recoura, pending an internal probe after a Kroll forensic review into historic aircraft sales during its 2020-21 voluntary administration. Mauritius Tourism & Conservation: A new push led by luxury resorts and the Sustainable Island Mauritius Project aims to move conservation from the margins to the mainstream, with targets like a Green Destinations label by 2030. Digital Payments & Cross-Border Trade: India and Indonesia agreed to link UPI with Indonesia’s payment system to speed cross-border transactions, with benefits flagged for MSMEs, tourism and students. Banking Promotion: FDH Bank Plc named Angella Gadama as the first grand prize winner of its “Swipe to Mauritius” promo, rewarding POS users ahead of the final draw on July 14. IMF Outlook & Global Costs: The IMF downgraded 2026 world growth to 3% citing energy shocks from the Iran war, with inflation pressures expected to persist. IMF Leadership Change: Silvana Tenreyro was appointed IMF Economic Counsellor and head of research, starting August 10. Maritime Security Cooperation: Indonesia and Germany posted their first International Liaison Officers to the Indian Navy’s IFC-IOR, strengthening information sharing across the Indian Ocean. Ebola Drug Development: Xylomed Pharmaceuticals (Mauritius-headquartered) said it is preparing a Phase 3B clinical trial for an Ebola therapeutic in DRC, Uganda and South Sudan. Youth Skills & Jobs: Bangladesh’s PM Tarique Rahman said the government will set up employment exchange centres to build skilled labour and reopen overseas labour markets. KOKO Networks Wind-Down: KOKO Networks is shopping around its ethanol cooking technology and manufacturing platform after collapse, with assets handled via PwC in Mauritius.
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