By the AFREEQUE newsroom, based on Defimedia
The Bank of Mauritius Monetary Policy Committee is to decide the direction of the policy rate, currently set at 4.75%. Observers favour keeping it unchanged to contain inflation at 5.7% while supporting economic activity, according to Defi Media.
The board of Cargo Handling Corporation Ltd has proposed a monthly extension of the contract of its managing director Gassen Dorsamy, which expires on 11 December 2026. Dorsamy, currently in China, is expected to decide on the proposal upon his return, according to Defi Media.
🇲🇺 Mauritius · Source: Defimedia ·
The Bank of Mauritius injected $15 million on 5 November, bringing its annual total of foreign exchange market interventions to $155 million. However, individuals still struggle to obtain foreign currency at counters, according to Defi Media.
🇲🇺 Mauritius · Source: Defimedia ·
Inflation in Mauritius could reach 5% by December 2026, after 5.7% year-on-year in September, according to SBM Insights and Statistics Mauritius. The rise is attributed notably to maritime freight, fuel, international tensions and tax measures, reports Defi Media.
🇲🇺 Mauritius · Source: Defimedia ·
Malawian company MAIIC (Malawi Agriculture and Industrial Investment Corporation) is implementing, with the International Fund for Agricultural Development, a rural financing facility worth 42 billion kwachas. Complemented by commercial banks, it is to mobilise at least 100 billion kwachas, with a rate capped at 15% a year, according to its managing director Taz Chaponda.
🇲🇼 Malawi · Source: The Maravi Post ·
Mauritian novelist Ananda Devi receives the Jean Giono prizeAnanda Devi, a 69-year-old Mauritian novelist living in France, received the Jean Giono prize on Tuesday for her novel "Chronique d’un royaume perdu", published by Grasset in August. The prize, worth 10,000 euros and chaired by Paule Constant, rewards a work depicting a community’s struggle in Mauritius, according to Defi Media.
Madagascar plans to raise diesel tax to 503 ariaryMadagascar’s draft 2027 budget plans to raise the diesel tax from 228 to 503 ariary per litre, an additional 275 ariary. Expected revenue from the TPP and VAT reaches 257.79 billion ariary, while the government also plans investments in agriculture and education, according to L’Express de Madagascar.The week in Africa
Be the first to get our letter in English: the essentials from every region of the continent, free.
