AGP Executive Report
Last update: 8 hours agoEnergy Security for Mauritius: India and Mauritius signed a government-to-government oil and gas MoU and a five-year fuel supply deal during Hardeep Singh Puri’s 20–21 Aug visit, with Indian Oil (IOCL) set to meet Mauritius’ full import needs for petrol, diesel and aviation turbine fuel, aiming to cut supply disruptions and price volatility. Biofuels Cooperation: The same talks covered training and capacity building for Mauritian officials plus cooperation on biofuels, including ethanol blending and Sustainable Aviation Fuel. FDI Signals from Mauritius-linked investors: India reported 29 FDI proposals worth about ₹4,895.65 crore under eased rules allowing non-controlling stakes up to 10% tied to land-bordering countries, with proposals listed from entities based in Mauritius among other jurisdictions, spanning IT, AI, manufacturing, pharma, data centres and transport. SME Banking Push: Mauritius-based SBM Holdings opened its 34th Kenya branch in Nanyuki, targeting SMEs and agribusiness around Mount Kenya. Logistics & Capital Markets: Skyways Air Services raised ₹174.5 crore from anchor investors ahead of its IPO, with Citi Group Global Markets Mauritius among participants. Women’s Leadership Pipeline: LEAP Africa’s fifth cohort saw 4,500 women register across 48 African countries, with Mauritius among those selected for the Nairobi boot camp.
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