AGP Executive Report
Last update: 9 hours agoAfrican Finance: The African Union-backed Africa Credit Rating Agency, launched in Port Louis, aims to bring more local data and context into assessments of African governments and businesses. It will complement global agencies, though it is not expected to lower borrowing costs on its own. Financial Crime: A Mauritian court has again refused bail to Malagasy businessman Mamy Ravatomanga, citing flight and interference risks in an investigation involving about Rs7 billion in provisional money-laundering charges. The court urged investigators to move the complex case forward. Energy Partnerships: Mauritius has signed an agreement with Saudi Arabia to explore cooperation across oil and gas, renewables, electricity, hydrogen and other energy fields, including possible investment and knowledge-sharing. Economic Outlook: A World Bank-backed warning says Mauritius’s growth could slow from an estimated 3.2% in 2025 to 1.2% by 2050 without major reforms, as ageing, workforce pressures and weak investment weigh on the economy.
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