AGP Executive Report
Last update: 5 hours agoMauritius-linked finance: FMB Capital Holdings reported 18% year-on-year growth in profit after tax to US$86.3m, driven by consumer lending across operating markets. Trade policy with regional knock-ons: India’s Commerce Minister Piyush Goyal said the India–U.S. bilateral trade agreement will be finalised only after Washington offers a preferential tariff rate; he also pointed to India’s expanding FTA network, including Mauritius. Textiles pressure: Goyal told the textiles sector it can’t blame external factors, saying tariffs in developed markets are at par with or lower than key competitors. Market access for exporters: India–New Zealand’s FTA is set to start next month, giving 100% duty-free access to Indian exports across 8,200 tariff lines, including textiles and processed foods. Blue Economy cooperation: Union and Zanzibar governments are deepening Blue Economy work via financing, skills and marine resource management, including marine spatial planning. Shipping and bunkering for Port Louis: HTM’s new tanker, Hercules Vanessa, began its maiden voyage and is sailing to Port Louis for bunkers and provisions before continuing to Cape Town. Energy infrastructure focus: Mauritius’ Govindranath Gunness urged Africa to modernise grids and distribution networks to close the electricity and clean cooking gap. Cyber risk for regional brands: Hungry Lion says customer credentials were exposed for months, with claims involving outlets across South Africa and Mauritius. Retail expansion across Africa: Shoprite agreed to acquire Vida e Caffè, a coffee chain with operations including Mauritius, to strengthen its QSR push. Digital payments reach: UPI hit 24.51bn transactions in August and is expanding abroad, including Uzbekistan via QR acceptance.
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