AGP Executive Report
Last update: 10 hours agoBanking & Tax Policy: Mauritius has raised corporate taxes on banks, pushing the effective rate for foreign-owned lenders from 4.7% to up to 22% and for domestic banks from 18% to 32%, as authorities try to rein in a debt load now estimated at 88% of GDP; Moody’s says profitability may stay solid but warns the higher burden could weaken Mauritius’s appeal as a low-tax financial hub. Energy & Tech: Qair signed a three-year deal with French battery analytics firm PowerUp to deploy monitoring software across four BESS projects in Mauritius, aiming to track performance, lifetime and safety and support earlier fault detection. Trade & Diplomacy: Mauritius and India reaffirmed their deepening economic ties as Mauritius FM Dhananjay Ramful pointed to India’s nearly $680m special economic package and the CECPA boosting trade and investment. Renewables & Infrastructure Finance: The same tax and debt pressures are also reshaping how financial institutions operate as Mauritius adjusts its fiscal regime. Digital Economy: Mauritius-based Radiant Global Fund and others are named among anchor investors in India’s Silverstorm Parks IPO, highlighting continued cross-border capital flows. Regional Business Context: RBI data notes Mauritius as a major source of equity inflows into India, underscoring Mauritius’s role in regional investment flows.
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