AGP Executive Report
Last update: 8 hours agoBeverages: Phoenix Beverages reported a MUR 18 million group net loss for the quarter to September, despite revenue edging up 1.1%. Higher input and production costs, alongside weaker operations in Réunion, weighed on results. Tourism: At World Travel Market 2026, the MTPA and 30 local partners promoted “One Island. A Whole World,” strengthened trade links and set targets for the UK market. Digital Services: Mauritian officials acknowledged the 2024 internet restrictions at an African internet-freedom forum and said they should not happen again, reinforcing the importance of trust in the country’s digital infrastructure. Monetary Policy: The Bank of Mauritius raised its key rate by 25 basis points to 5% as October inflation reached 6.4%, above its target range; it cited risks to household and business purchasing power. Economic Model: Economist Sameer Sharma warned that high living costs, speculative property gains and weak competition are squeezing workers and smaller firms, and argued for policies that support productive businesses. Retail: Krispy Kreme’s global franchise expansion includes a development agreement for Mauritius, part of a shift toward lower-capital international growth.
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