Search Results for: Mauritius

BY VILLEN ANGANAN, IN BEAU-BASSIN, MAURITIUS

INTERNATIONAL accounting firms are exploring opportunities within Africa, and are using the Indian Ocean island of Mauritius – a regional financial centre – as a stepping stone. All the Big Four: Ernst &Young, PricewaterhouseCoopers (PwC), KPMG and Deloitte are already successfully offering their services to African clients.…

BY VILLEN ANGANAN, IN BEAU-BASSIN, MAURITIUS

ACCA fellows can be found in many influential positions worldwide and in Africa, they are often the backbone of financial and management best practice, in many jurisdictions. That is certainly the case on the Indian Ocean state of Mauritius, where environment and sustainable development minister and ACCA member Devanand Virahsawmy belongs to the inner circle of prime minister Navin Ramgoolam who secured a second mandate in May 2010 elections.…

BY VILLEN ANGANAN, IN PORT LOUIS, MAURITIUS

Devanand Virahsawmy

*Fellow of the Association of Chartered and Certified Accountants ( FCCA).

*May 2010 to present – Mauritius minister of environment and sustainable development.

*2006-2010 – secretary general, Mauritius Labour Party

*2000 to 2006 – assistant administrative secretary, Mauritius Labour Party

*September 1995 to September 2000 – minister of public infrastructure

*December 1995 to October 1998 – minister of energy and water resources

*1984 to 1995 – chairman- Fuchsia Limited (textiles).…

BY VILLEN ANGANAN, IN PORT LOUIS, MAURITIUS

Mauritius is considered as a newly developing country with a well-diversified economic base. From a sugar-centric economy, at independence in 1968, the archipelago, located off the south-eastern coast of Africa, is positioning itself as an economic regional player.…

BY DAVID HAWORTH, IN BRUSSELS

SOLVING corruption and mismanagement problems in the African extractive industries would be boosted by the mandatory disclosure by companies of tax and revenue payments, a Brussels European Union (EU)-Africa conference on mineral wealth heard yesterday.

The continent’s paradox is that many of its nations are rich in mineral resources yet they remain some of the world’s poorest economies.…

BY DAVID HAWORTH, IN BRUSSELS

SOLVING corruption and mismanagement problems in the African extractive industries would be boosted by the mandatory disclosure by companies of tax and revenue payments, a Brussels European Union (EU)-Africa conference on mineral wealth heard yesterday.

The continent’s paradox is that many of its nations are rich in mineral resources yet they remain some of the world’s poorest economies.…

BY VILLEN ANGANAN

FUELLED by a booming construction sector, the Mauritius paints industry has been experiencing major growth in the last two years, with the island country’s two leading paint manufacturers – Mauvilac Industries Ltd and Sofap Ltd – experiencing significant boosts in sales.…

BY PAUL COCHRANE

THE WESTERN financial system is undergoing profound change, of weakened trust in the sector, heightened tax regulations, pressure to curb banking secrecy and tougher regulatory compliance. As a result, the owners of legal and extra-legal capital who are looking for a safe haven for their money are starting to consider destinations outside the established offshore jurisdictions – the less regulated financial centres of the Middle East and Asia.…

BY LEAH GERMAIN and ALYSHAH HASHAM

THE SMALL West African country of Guinea Bissau has seen its share of bloody coups, and is known as a cocaine smuggling hub between Latin America and Europe. Continued lawlessness and corruption in the country helped forced the European Union (EU) to withdraw support from security sector reform in 2010.…

BY VILLEN ANGANAN

THE FINISHING and dyeing plants of the Indian Ocean island state of Mauritius are feeling the pinch of high cotton yarn prices, putting profit margins under pressure.

"The order book of our dye house is relatively full as we have seen over recent months customers coming back to as they are looking for alternatives to Chinese producers.…