AGP Executive Report
Last update: 42 minutes agoUnrest and Business Climate: Mauritius extended curfews after protests over water shortages and living costs turned violent. Authorities later said roads were clear and calm had returned; economists described the disruption as temporary but warned that underlying pressures need attention. Banking: Mauritius-based SBM Group’s Kenyan subsidiary reported a 122% rise in nine-month pre-tax profit to Sh911 million, driven by stronger lending, customer transactions and trade finance. Investor Rules: India’s amended tax treaty with Mauritius now includes a Principal Purpose Test, allowing treaty benefits to be denied where securing them was a main aim of an arrangement—raising the need for investors to show genuine commercial substance. Capital Markets: The African Union’s new credit-rating agency, launched in Mauritius, aims to bring more African borrowers into the ratings system and improve information for investors; winning their trust will be key.
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