Thirty three per cent of the FDI came through the Mauritius route, apparently because the investors wanted to take advantage of India s double taxation avoidance treaty with the island nation.
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President Barack Obama issued an executive order which prohibits China’s Fujian Grand Chip Investment Fund from acquiring the U.S. business of German semiconductor equipment maker Aixtron , the Treasury Department said on Friday.
Finance Minister Felix Mutati says the financial market in the country is stable despite what has happened to Inter Market Bank.
The Mauritius International Financial Centre is a jurisdiction of repute and is among the first countries to have signed, in June 2015, ‘The Multilateral Convention on Mutual Administrative Assistance in Tax matters of the Organisation for Economic Cooperation and Development (OECD). This approach translated into action with the objective of the Government of Mauritius to develop the country into an International Financial Centre of repute, substance and excellence.
According to the Special Adviser from the Ministry of Fisheries and Agriculture, Antoine Marie Moustache, the nation’s farmers in 2013 requested that their agricultural land have alternative uses, and one proposal was agro-tourism. The session on Tuesday looked at how to develop the agro-tourism business, which involves any agriculturally-based operations or activity that brings visitors to a farm. In Seychelles, a group of 115 islands in the western Indian Ocean, ten people are presently doing this form of business.
Government has said despite persistent efforts to boost trade within Southern Africa Development Community (SADC) and Common Market for Eastern and Southern Africa (COMESA), the value of intra trade within the region has remained quite low.
Details of the Zambian Government’s 2017 budget have recently emerged with the Minister of Finance stating that “turning the economy around requires that we make hard choices and implement difficult reforms”.
Zambia has been battling the problem of maize smuggling to neighboring countries following a high demand for the commodity. Zambia is among the few countries with surplus maize following poor rains experienced in the 2015/2016 season in southern Africa.
Air Botswana has indefinitely ceased operating flights between Gaborone and Lusaka, as well as Harare. Air Botswana public relations officer Thabiso Leshoai said the Gaborone-Lusaka flights were terminated on November 13 and Gaborone-Harare flights on November 12. The decision comes as part of a route rationalisation exercise to reduce operational costs on non-profitable routes. The airline will also reduce frequencies on the Gaborone-Kasane route, suspending the Monday flight. This leaves six weekly frequencies.
The role of central banks is so important now that, inevitably, they are being dragged into political controversy, albeit for different reasons.
