by Nishta Jhurree March 2022 On Wednesday 9th of March 2022, the Monetary Policy Committee (MPC) of the Bank of Mauritius (BoM) has decided to raise the Key Repo Rate (KRR) from 1.85% to 2% per annum. Mention was made about the war between Russia and Ukraine that has added a new layer of uncertainty to the global growth outlook. The KRR / Interest rates play a major role in property cycles, and...
By Nishta Jhurree. December 2021. The banking sector of Mauritius remains profitable. Profitability ratios continued to decline in Q4 2020 but picked up in Q1 2021. Despite facing strong headwinds during the pandemic, the banking sector has remained resilient. Global regulators have encouraged banks in their jurisdictions to support the local economy through their buffers. The Bank of Mauritius...
By Nishta Jhurree. December 2021. Recovering from the aftermath of Covid, Mauritius remains a preferred investment platform of Africa & Asia in 2021-2022. For 2021, the Mauritian economy is projected to grow by 5% from its 2020 growth baseline to reach MUR 449.6 bn. The Real Estate sector has a major role to play in this economic rebound. Foreign Direct Investment (FDI) Over the last 15...
By Hasini Gooria. December 2021. Social media has become an integral part of how businesses conduct their marketing as it is deeply embedded in today’s society. With half of the world’s population (3.5 billion) on social media daily, and the average person having 8 social media accounts, it is without a doubt that social media has become a force to be reckoned with in terms of business...
By Nishta Jhurree. December 2021. Amongst the major banks in Mauritius, the Mauritius Housing Corporation (MHC) seems to have come a long way with the number of home-related products being offered to the public. The products range from a normal Home loan, Re-cash home scheme, Flexi loan, Top-up loan scheme to a Senior Smart loan to those aged between 60 and 70 years old (Source:...
By Nawaz Peerbux. December 2021. After a long devastating 16 months of strict border control and restrictions, Mauritius finally took the leap of faith and decided to open its doors to the world. October 1st, 2021, marked the date where Mauritius airport came to life as tourists flocked in from all over to visit the island that had caught the headlines during the pandemic. Since the 1970’s when...
By Nawaz Peerbux. December 2021. In 2019, 1,383,488 tourists had visited our island with earnings of Rs 63.1 billion. In 2020, as our borders closed, 308,908 tourists had visited our island (decline of 77.7%) while earnings fell by 72% to Rs 17.7 billion in 2020. With the opening of the borders, by the 15th of October 2021, an estimate of only 39,460 tourists had flown to Mauritius. Out of those,...
By Nishta Jhurree & Nawaz Peerbux June 2021 Social media has become an integral part of how businesses conduct their marketing as it is deeply embedded in today’s society. With half of the world’s population (3.5 billion) on social media daily, and the average person having 8 social media accounts, it is without a doubt that social media has become a force to be reckoned with in...
Osman is a young member of the team who has worked his way up the ranks based on his pure determination and commitment to tasks assigned. He started off early, sourcing land and researching potential projects which would be profitable for companies. His sharp eye and love for the property industry brought him to where he is. Osman knows Mayfair Serenity inside out. He is the one who will happily...
