MAURITIUS SHOULD FOCUS ITS NEGOTIATION STRATEGY FOR AFCFTA
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TAX
US wields $2bn tariff
threat against 6 nations
over digital taxes
ÉDITION 345 – VENDREDI 04 JUIN 2021 L’HEBDOMADAIRE DIGITAL GRATUIT
L’ HEBDOMADAIRE ÉLECTRONIQUE GRATUIT
WORLD BANK GROUP COUNTRY ECONOMIC MEMORANDUM
“Mauritius should
focus its negotiation
strategy for AfCFTA”
Securing deep and commercially meaningful services commitments from AfCFTA states is critical to position
Mauritius as beachhead for third country operators, notably from India and China, seeking deepened access
to the African market. The recently released World Bank report entitled ‘Mauritius – Through the Eye of A
Perfect Storm – Coming Back Stronger From the Covid Crisis’ dedicated part of its analysis on our trade
agreements. According to the authors, to harness the above opportunities, Mauritius will need to make full
use of the preferential trade agreements it has recently concluded (with China), is near completing (with In-
dia) or still in the process of negotiating (with AfCFTA trading partners on the African continent and region-
ally with the EU) to build a more recognizable ‘Mauritian brand’
It’s football
time!
L’EURO 2020 sur les chaînes my.t
8902 | myt.mu
VENDREDI 04 JUIN 2021 | BIZWEEK | ÉDITION 345 3
BIZ ALERT
TAX
US wields $2bn tariff threat
against 6 nations over digital taxes
The US has threatened to slap tariffs on $2bn worth of goods from the UK and five other countries as they argue about how to tax technology com-
panies, a move that risks reigniting transatlantic trade wars unless parties resolve thorny talks over a broader international tax agreement
T he office of the US trade representative said it was
imposing but immediately suspending for six months
the tariffs on Austria, India, Italy, Spain, Turkey and
the UK as it wrapped up a series of investigations over the
way the countries tax US tech giants.
The suspension came after the conclusion of a year-long
investigation into taxes which the US has stated are against
tech companies like Apple, Amazon, Google and Facebook.
In January 2021, following investigations, the USTR deter-
mined that the digital services taxes adopted by Austria, In-
dia, Italy, Spain, Turkey and the UK discriminated against
US digital firms.
The announcement comes as wealthy countries are locked
in intense negotiations to hammer out an update to the in-
ternational tax regime. The Biden administration has pro-
posed giving advanced economies powers to raise corporate
tax from US tech companies and other large multinationals,
while instituting a global minimum corporate tax.
The advanced economies of the G7 are close to reaching
agreement after progress in recent weeks, with finance min-
isters due to meet in London to discuss a possible deal on
Friday. A G7 pact would be a stepping stone towards a deal
in the formal negotiations taking place at the OECD in Paris
and directed by the wider G20 countries.
Governments introducing “digital services” levies have ar-
gued that tech companies pay too little tax on the profits they
make in many countries, partly because they record them in
low-tax jurisdictions such as Ireland. Washington has said the
taxes are unfair because they disproportionately affect US
companies. of the very largest companies, including big US technology committed to tax co-operation and that it has aligned itself with posi-
groups, regardless of their physical presence in a given coun- tions that the Spanish government has been defending for years, such as
Willingness to agree a deal try. It also sought a minimum global corporate tax rate of 21 establishing a minimum rate in corporate tax.”
per cent, although the US has recently said it would accept a The UK would be worst-hit by the new tariffs if an agree-
Katherine Tai, the US trade representative, said the six- 15 per cent minimum. ment to dissolve them is not reached, with British exports
month suspension of the tariffs would allow more time for A Spanish budget ministry official emphasised common to the US worth $887m a year saddled with levies of 25 per
international tax talks to continue, but it would allow Wash- ground with Washington rather than the threat of tariffs. cent. The goods to be targeted include perfumes, make-up,
ington to maintain “the option of imposing tariffs...if warranted in Madrid has been saying for months that it wants and is work- clothes, jewellery and video games.
the future”. ing towards an international agreement on digital tax by the The US has already suspended tariffs of 25 per cent on
The Biden administration in April offered a fresh propos- summer. $1.3bn worth of French handbags and cosmetics, having at
al to overhaul the international tax system in an attempt to “The fact that the US has suspended the tariff increase reflects its first threatened to hit champagne and cheeses with import
break the impasse in the tax talks being held at the OECD. willingness to agree a deal on international taxation,” the ministry tariffs of 100 per cent.
The US proposal would apply taxes to the global profits official said. “We celebrate the fact that the Biden administration is [Source: Financial Times, 02 June 2021]
Le Côte d’Or Data Technology Park
opérationnel dans 18 mois
Le 1er juin 2021 marque une bres du conseil d’administration
étape décisive dans la concréti- de Landscope (Mauritius) se sont
sation du projet Côte d’Or Data réunis mardi pour marquer deux
Technology Park, un an à peine évènements importants. D’une
après l’annonce de la création de part, l’octroi du contrat pour les
cette technopole dans le discours travaux d’infrastructures couvrant
du Budget 2020/2021. les 144 arpents de la technopole ;
Cette smart city en devenir est et d’autre part, la finalisation du
dédiée à la production, aux servic- bail d’AVA TechnoPark, le pre-
es et à la recherche dans 12 sec- mier promoteur à s’installer au
teurs innovants et variés ; allant de Côte d’Or Data Technology Park.
l’intelligence artificielle aux tech- « Le fait que ce projet se concrétise
nologies durables en passant par la aussi rapidement conforte le gouverne-
logistique ou encore les technolo- ment dans sa vision de placer la technol-
gies alimentaires. ogie et l’innovation au centre de la nou-
Le Premier ministre, l’Hon. velle phase de développement économique
Pravind Kumar Jugnauth ; le min- et de création d’emplois dans le pays. Ce le Côte d’Or Data Technology Park Technology Park Ltd, une filiale cie du statut de smart city. L’Eco-
istre des Finances, de la Planifica- début très encourageant démontre que pourra être opérationnel dès la fin de qu’elle détient à 100%. Un ex- nomic Development Board vient
tion économique et du Dévelop- Maurice a les atouts nécessaires pour at- 2022 », se félicite le Premier min- ercice d’appel à manifestation d’ailleurs de signifier officielle-
pement, Dr l’Hon. Renganaden tirer des entreprises locales et étrangères istre. d’intérêt a aussi été lancé afin ment à Landscope (Mauritius)
Padayachy ; Vincent Lagarde, fon- spécialisées dans la recherche et d’autres Landscope (Mauritius) a été d’identifier puis sélectionner les son intention d’accorder un Smart
dateur et président d’AVA Tech- nouvelles industries innovantes. Mainte- chargé de développer le techno- promoteurs qui s’installeront au City Certificate au Côte d’Or Data
noPark Ltd ainsi que les mem- nant que cette étape décisive est franchie, pôle à travers Côte d’Or Data sein de la technopole qui bénéfi- Technology Park.
VENDREDI 04 JUIN 2021 | BIZWEEK | ÉDITION 345 4
LA TOUR
WORLD BANK GROUP COUNTRY ECONOMIC MEMORANDUM
“Mauritius should focus its
negotiation strategy for AfCFTA”
Securing deep and commercially meaningful services commitments from AfCFTA states is critical to position Mauritius as beachhead for third coun-
try operators, notably from India and China, seeking deepened access to the African market. The recently released World Bank report entitled ‘Mau-
ritius – Through the Eye of A Perfect Storm – Coming Back Stronger From the Covid Crisis’ dedicated part of its analysis on our trade agreements.
According to the authors, to harness the above opportunities, Mauritius will need to make full use of the preferential trade agreements it has recently
concluded (with China), is near completing (with India) or still in the process of negotiating (with AfCFTA trading partners on the African continent
and regionally with the EU) to build a more recognizable ‘Mauritian brand’
S
ecuring deep and commercially ter on investment (both rules and commit- ploit these preferences.
meaningful services commitments ments). “By securing deep commitments on services mar-
from the African Continental Free
Trade Area (AfCFTA) states is crit-
Mauritius should also take the lead in Af-
rica on the conclusion of continent-wide
ket access under AfCFTA Mauritius could also
further strengthen its position as a service hub forthe
While so far there
ical, according to the recently re-
leased World Bank Group Country Econom-
mutual recognition agreements promoting
the greater mobility of skills and talents in
continent. This would require focusing its negotia-
tion strategy for AfCFTA on obtaining significantly
is no apparent
ic Memorandum on Mauritius. According selected professions (e.g. accountancy, actu- GATS+ market access commitments in sectors such contraction in the
to the report entitled ‘Mauritius – Through ary, legal, IT-engineering, architecture; tradi- as ICT, financial, and business services where Mau-
the Eye of A Perfect Storm – Coming Back tional medicine) where it has strong domes- ritius enjoys strong export prospects. Consideration global business
Stronger From the Covid Crisis’, such a mar- tic capacity. should also be given to a new deep trade agreement
keting strategy would highlight the attributes with a major OECD member, such as the Unit- sector – GBCs
of Mauritius to serve as a trade, finance, Take advantage of new ed States or EU, that could focus the attention of
flows and deposits
business and professional services hub for
countries seeking the secure conditions of
trade agreements reform-minded decision-makers, enhance the qual-
ity of public-private dialogue on economic policy,
access to the rapidly growing African market
Under the chapter ‘Challenge #2: Restor-
and quicken the pace of reforms needed to promote have remained
greater convergence with advanced country regulatory
that the AfCFTA’s services and investment
rules and commitments will guarantee, and
ing external competitiveness’, the World
norms and practices. As an aspirational goal, Mau- quite stable –,
Bank memorandum underlines that Mauri-
close collaboration with the private sector in
addressing remaining obstacles.
tius can leverage its trade diplomacy and take
ritius could also consider OECD membership”, can
we further read. the authorities
advantage of recent and future new trade
“Mauritius should focus its negotiation strategy
for AfCFTA on obtaining significantly GATS+
agreements to upgrade its exports, both in
Yet to enter into deep
need to monitor
goods and to strengthen its position as a ser-
market access commitments in in sectors where it en-
joys strong export growth prospects – ITC, financial,
vices hub. preferential ties this closely as
An analysis carried out for the report iden-
professional and business services and tourism-relat-
ed services – all of which are earmarked for priority
tified a number of products with substantial Recent trade agreements also open-up po- the unwinding of
preferential margins under new agreements tentially significant new export and business
market opening under the continental pact”, says
with China and India and the forthcoming opportunities for Mauritian service suppli- global business
the report.
This means that Mauritius must be am-
African Continental Free Trade Areas (Af-
CFTA) that could contribute to upgrading
ers. Perhaps most importantly, they enhance
the country’s attractiveness as a regional operations, should
bitious in its market opening requests, en-
suring that such commitments span both
Mauritius’ export complexity.
By providing market information on pric-
services hub for investors, including from
third countries, eager to take advantage of
they materialize,
cross-border and establishment-related
trade, with complimentary commitments on
es, technical requirements and buyers for
such products, and facilitating contacts with
the country’s growing network of preferen-
tial trade agreements to key markets, notably
would not be
key personnel.
For the World Bank officials, Mauritius
Mauritian producers, the Economic Devel-
opment Board (EDB) could help Mauritian
those of Africa, India the EU and China. To
harness these opportunities, securing deep
immediate or
will need to work with other like-minded
African countries seeking expanded servic-
producers realize these opportunities. At the
same time, the product lists could also in-
and commercially meaningful services com-
mitments from AfCFTA states is critical.
continuous.
es access – Morocco, Egypt, South Africa,
form a strategic outreach to firms potentially Mauritius has yet to enter into deep pref-
Ghana, Kenya, Rwanda – to push the enve-
interested in relocating to Mauritius to ex- erential ties with an advanced economy that
lope as much as it can in the AfCFTA chap-
Cont’d on page 5
VENDREDI 04 JUIN 2021 | BIZWEEK | ÉDITION 345 5
LA TOUR
would align Mauritian practices to OECD
level ones. Experience in many emerging
countries, such as Costa Rica, Colombia,
Peru, Mexico, Malaysia, Singapore and Vi-
etnam, suggests that embracing a deep inte-
gration agenda with a major OECD partner
can produce a useful ‘electroshock’, liable to
better focus the attention of reform-mind-
ed decision-makers, enhance the quality of
public-private dialogue on economic policy,
and quicken the pace of reforms needed to
promote greater convergence with advanced
country regulatory norms and practices to
which Mauritius can legitimately aspire.
Doing so would also further enhance the
country’s business environment and help in
branding Mauritius as a highly sophisticated
investment destination.
An even more ambitious policy aim could
be for Mauritius to seek to become the first
African country to join the OECD as a full
member. Doing so is not a simple formality
but rather a multi-year process involving a
rigorous review of all key areas of a pro-
spective member’s policies other than na-
tional defense and culture.
Join the OECD
as a full member
While Mauritius is currently involved,
alongside other African nations in Southern
and Eastern Africa, in ACP-anchored trade
talks with the EU towards an Econom-
ic Partnership Agreement (EPA), the slow
pace, limited substantive coverage and gen-
erally lower ambitions of such talks offer
an arguably second best route to deepened
Mauritian trade ties with the EU. Consider-
ation should also be given to leveraging the
US government’s growing strategic interest
in Africa by engaging in the negotiation of
preferential trade and investment ties, either
on a bilateral basis or by proposing that
ongoing negotiations towards a free trade
agreement between the US and Kenya fea-
ture an accession clause allowing Mauritius
to reap the economies of scale and scope
on offer in trade and investment rule-mak-
ing and market opening.
In considering an application for OECD
membership as the First African country,
Mauritius could study the experiences of
Colombia and Costa Rica, the latest coun-
tries to accede to the Paris-based organ-
ization in 2020 after seven and five years
respectively of efforts aimed at aligning do-
mestic regulatory practices and policies with
those of the world’s most advanced econ-
omies and complying with the governance
norms embedded in a range of OECD legal
instruments.
The Global Business Sector has remained stable despite 2020 crises
According to the World Bank Group Country Economic “While there had been concerns that Mauritius addition allocation of those deposits and to identify possible
Memorandum, foreign exchange flows into and out of to the EU AML list would result in distress to the global leakages to the domestic economy.
Mauritius are heavily influenced by the global business business sector, so far foreign assets appear to be stable, For the World Bank officials, there are two channels
sector. Over the last decade, large trade deficits have and registration of new global business businesses through which the events of 2020 affect dollar flows,
been financed through financial account surpluses from appears to have rebounded in September and October reserves and, ultimately, the exchange rate balance.
the global business sector. after taking a fall during the height of the pandemic”, The first one is real: tourism receipts, which official
The global business sector has channeled large amounts says the report. estimates place at roughly USD 2 billion per year,
of conduit investment, currently equivalent to roughly 40 The global business sector affects the exchange rate collapsed in recent months, while merchandise exports
times Mauritius’ GDP, through the country. through the trickle down of its activity to the domestic also experienced a temporary decline. The second one
While most of these flows enter and exit within a economy via the provision of local wages and services is financial: the uncertainty surrounding the pandemic
relatively short time period, some temporarily remain and profits from the dollar lending business that are as well as the AML listing reduce the transactional flows
within the country as represented by net surpluses in locally disbursed. Additionally, global business flows, channeled through the global business sector.
global business related portfolio and direct investment which are ultimately invested abroad, influence the net While so far there is no apparent contraction in the
that have enabled Mauritius, pre-2020, to accumulate foreign asset position (NFA) of the country through the global business sector – GBCs flows and deposits
reserves despite running large trade deficits. These stock of transactional deposits from GBCs in the local have remained quite stable –, the authorities need to
flows have also resulted in the accumulation of foreign banking sector, which in turn drives the appreciation of monitor this closely as the unwinding of global business
currency deposits held by global business firms in the the exchange rate (Levy-Yeyati and Filippini, mimeo). operations, should they materialize, would not be
domestic banking system of nearly 90 percent of GDP. More accurate data is needed to have a precise immediate or continuous.
VENDREDI 04 JUIN 2021 | BIZWEEK | ÉDITION 345 6
POST SCRIPTUM
AUTHORS: NEW BLOG
KRISTALINA
GEORGIEVA,
Managing Director of the
IMF.
A Proposal to End the
COVID-19 Pandemic
GITA GOPINATH,
Economic Counsellor
and Director of the IMF’s
Research Department.
RUCHIR AGARWAL,
Economist at the IMF. Many countries have stepped up in the global fight against the pandemic, as have institutions
such as the World Health Organization, the World Bank, Gavi (the Global Alliance for Vac-
cines and Immunization), the African Union, and others. Yet, more than a year into the COV-
ID-19 crisis, new cases worldwide are higher than ever. Urgent action is needed to arrest the
rising human toll and economic strain
A
s the International Monetary
Fund (IMF) has warned,
economic recoveries are
diverging dangerously. The
disparities will widen further
between wealthy countries that have
widespread access to vaccines, diagnostics,
and therapeutics, and poorer countries still
struggling to inoculate frontline healthcare
workers. As of the end of April 2021, less
than two percent of Africa’s population
had been vaccinated. By contrast, over 40
percent of the population in the United
States and over 20 percent in Europe had
received at least one dose of the vaccine.
It is well understood that there can be no
lasting end to the economic crisis without
an end to the health crisis. Pandemic
policy is thus economic policy. It is critical
for global macroeconomic and financial
stability, which makes it of fundamental
importance to the IMF and other economic
institutions. Ending the pandemic is a
solvable problem but requires further
coordinated global action.
The latest research by IMF staff analyzes
multiple dimensions of the fight against
the pandemic and proposes realistic targets
to bring the pandemic substantially under
control everywhere—and the means to
achieve them. Building on the work of
other agencies, the proposal aims to:
• vaccinate at least 40 percent of the
population in all countries by the end of
2021 and at least 60 percent by the first
half of 2022,
• track and insure against downside risks,
and
• ensure widespread testing and
tracing, maintain adequate stocks of
therapeutics, and enforce public health
measures in places where vaccine
coverage is low.
Importantly, the strategy requires not
Cont’d on page 7
VENDREDI 04 JUIN 2021 | BIZWEEK | ÉDITION 345 7
POST SCRIPTUM
tax revenues.
Recommendations
for action
The key proposed steps include:
Achieving the vaccination targets
1. Provide additional upfront grants to
COVAX of at least $4 billion. This
financing will help finalize orders and
activate unused vaccine capacity.
2. Ensure free cross-border flows of raw
materials and finished vaccines: Such
restrictions are jeopardizing access to
vaccines for billions of people in the
developing world.
3. Immediately donate surplus vaccines:
We project at least 500 million vaccines
courses (equivalent to around 1 billion
doses) can be donated in 2021, even if
countries give preference to their own
populations. Donations, including for
delivery costs, should be done through
COVAX so vaccines are shared on
equitable and public health principles.
We project the measures identified in
steps 1–3 may be sufficient to achieve the
40 percent vaccination target by the end
of 2021 and the 60 percent target by the
first half of 2022, if no downside risks
materialize.
Insuring against downside risks
4. Make at-risk investments to diversify
and increase vaccine production capacity
by 1 billion doses in early 2022 to handle
downside risks in 91 low- and middle-
income countries, including from new
variants that may require booster shots.
[$8 billion]
5. Scale up genomic surveillance and
systemic supply chain surveillance with
concrete contingency plans in place to
handle possible mutations or shocks to
the supply chain. These plans should
be prepared with the participation of
multilateral agencies, vaccine developers
and manufacturers, and key national
governments. [$3 billion]
Managing the interim
period when vaccine
supply is limited
6. Ensure widespread testing, sufficient
therapeutics, public health measures,
and prepare for vaccine deployment.
[$30 billion]
7. Urgently evaluate and implement (where
approved) dose stretching strategies to
expand effective supply. [$2 billion]
Additional needed measures account for
$3 billion. Steps 4–7 are needed to insure
against downside risks, and to mitigate the
health consequences of the pandemic in the
interim period.
just commitments but upfront financing, The remainder of the overall financing The proposal complements the work of the
upfront vaccine donations, and ‘at-risk’ plan—around $15 billion—could come from G20 High Level Independent Panel, the G7
investment for the world to insure against national governments, potentially supported Pandemic Preparedness Partnership group,
downside scenarios. by COVID-19 financing facilities created by and the Report of the Independent Panel
The proposal’s total cost of around $50 multilateral development banks. for Pandemic Preparedness and Response,
billion would include grants, national Saving lives and livelihoods should need which primarily focus on addressing future
government resources, and concessional no justification, but a faster end to the pandemics. This proposal focuses on what is
financing. pandemic could also inject the equivalent of needed to bring the current pandemic under
There is a strong case for grant financing $9 trillion into the global economy by 2025 control. To make it effective, countries need
of at least $35 billion. The good news is due to a faster resumption of economic to work together.
G20 governments have already identified activity. Advanced economies, likely to The world does not have to live through the
as important to address the $22 billion spend the most in this effort, would see pain of another record surge of COVID-19
grant funding gap noted by the Access to the highest return on public investment in cases. With strong global action now and
COVID-19 Tools (ACT) Accelerator. This modern history—capturing 40 percent of with very little in terms of financing relative
leaves an estimated $13 billion in additional the cumulative $9 trillion in global GDP to the outsized benefits, we can durably exit
grant contributions needed. gains and roughly $1 trillion in additional this health crisis.
VENDREDI 04 JUIN 2021 | BIZWEEK | ÉDITION 345 8
DEBRIEF
JOURNÉE MONDIALE DE L’ENVIRONNEMENT
Cap Business Océan Indien
plaide pour une approche
régionale aux problématiques
du changement climatique
Les enjeux liés au changement climatique sont au cœur de l’agenda de Cap Business Océan Indien. L’association, qui représente l’ensemble des sec-
teurs privés des six îles de la région, mobilisera son réseau pour sensibiliser les décideurs publics à ces problématiques et accompagner les entreprises
dans leur transformation afin de renforcer leur résilience
L es économies insulaires sont
aujourd’hui extrêmement
vulnérables face aux effets
du réchauffement climatique qui
menacent, à terme, de nombreux
la mission est d’accompagner les acteurs
privés à un niveau institutionnel plus
élevé en abordant des problématiques qui
touchent à l’écologie et aux conditions de
leur développement dans la région. La
à cet effet, à la fois une opportunité
d’affaire à saisir et un cadre opéra-
tionnel efficient pour améliorer la
gestion des ressources. Elle per-
mettra, en effet, la création de nou-
secteurs d’activité, tels que le tour- pandémie de Covid-19 a souligné, une velles filières économiques suscep-
isme, l’agriculture, la pêche, entre fois de plus, le lien qui existe entre l’en- tibles de créer de la valeur ajoutée et
autres. vironnement et l’économie, en particulier des emplois durables, contribuant
En cette Journée mondiale de pour certains secteurs comme le tourisme. ainsi à la résilience des territoires.
l’environnement, observée le 5 juin C’est dans ce contexte que nous avons Il s’agit également de mieux uti-
chaque année, l’association réaf- revu notre stratégie pour la période 2021- liser les ressources locales, et en ce
firme sa volonté de promouvoir 2052. Nous allons travailler pour aider faisant, réduire notre dépendance
et de soutenir l’adoption et la mise les entreprises à consolider leur résilience aux matières premières importées.
en œuvre de mesures d’adaptation à travers la mise en place de nouveaux Conformément à ce nouveau
pour préserver les écosystèmes systèmes socioéconomiques de production positionnement pour la période
terrestre et marin, et ainsi veiller à et de consommation », explique Éric 2021-2025, Cap Business Océan
un développement durable dans un Magamootoo, Secrétaire général de Indien participera à la promotion pour l’association de sensibiliser développement de ce secteur pro-
monde post-Covid. l’association. et au développement d’un écon- les acteurs à la mise en place d’une metteur pour nos économies insu-
« Pour Cap Business Océan Indien, L’économie circulaire représente, omie bleue collaborative. Il s’agit coordination stratégique pour le laires.
Mahogany Shopping Promenade Mont Choisy La Destination poursuit
sa métamorphose
organise deux journées de Les chantiers reprennent vie à Mont Choisy. Les travaux de con-
struction au sein de la smart city Mont Choisy La Destination ont
recrutement le 4-5 juin repris, en avril 2021, notamment le lotissement résidentiel “Bois des
Champs” et le Leisure Centre. Les lotissements résidentiels de Mont
Plusieurs postes sont à pourvoir au Choisy Bois des Champs, qui ont tous été vendus, devraient être prêts
Mahogany Shopping Promenade. Ce au mois de février 2022, alors que l’ouverture du centre de loisirs est
nouveau centre commercial, situé au prévue pour octobre, cette année. Le Leisure Centre, qui sera acces-
cœur de la Smart City de Beau Plan, sible aux résidents, offrira à ces derniers une panoplie d’activités. Il
ouvrira ses portes le 24 juin. Dans le comprendra, entre autres, une piscine principale et une autre pour
cadre de cette ouverture, Novaterra, enfants, un gymnase entièrement équipé, un sauna, un hammam, une
développeur de la Smart City, organ- terrasse/pelouse de yoga, une aire de jeux pour enfants, un café-bar et
ise deux journées de recrutement, le kiosque, ainsi que des courts de tennis et de paddle qui sont d’ores et
vendredi 4 et le samedi 5 juin, entre déjà accessibles.
10 et 15 heures, dans le centre com-
mercial. Durant ces deux jours, les Le rendez-vous incontournable
demandeurs pourront rencontrer les
représentants des différentes ensei- du football européen avec CANAL+
gnes qui seront présentes dans le cen-
teur de la restauration, par exemple, sant par les commis et barmen. Ceux Maurice
tre, telles que des restaurants, salons C’est tout un mois de
plusieurs postes sont disponibles, intéressés devront se munir de leur
de coiffure et de beauté, magasins de belles sensations footbal-
allant de cuisiniers à serveurs, en pas- CV et de leurs certificats.
vêtements, entre autres. Dans le sec- listiques qui attendent les
fans du ballon rond sur
Cim Finance vient en aide à
CANAL+. La 16e édition
du championnat d’Europe
de football quadriennal
230 familles vulnérables revient sur les chaînes CA-
NAL+ SPORT, du 11 juin
Cim Finance, en partenariat avec la livraison des colis alimentaires,
au 11 juillet, après avoir été
Lavastone, a organisé une distribu- qui contiennent principalement
reportée l’année dernière en
tion de denrées alimentaires aux des aliments de base tels que de la
raison de la pandémie de
familles les plus touchées par la farine, du riz, du thé, des ‘grains
Covid-19. La UEFA EURO 2020TM réunit 24 nations, dont les plus
situation pandémique, avec la col- secs’, des boîtes de conserves, de
grandes équipes du football européen à savoir la France, l’Allemagne,
laboration de Caritas et des forces même que des produits d’hygiène.
l’Espagne, la Belgique, l’Italie, le Portugal, l’Angleterre… Toujours
vives des localités concernées. Cim Ainsi, quelques familles de la Cité
dans une démarche de faire plaisir à ses abonnés, MC Vision/CANAL+
Finance s’est approvisionné auprès Cœur Immaculé de Marie, Tran-
Maurice organise une loterie en marge de l’UEFA EURO 2020TM.
de la chaîne de supermarchés Win- quebar, Cité La Cure, Vallée Pitot,
Ainsi, tous ceux ayant les chaînes CANAL+ SPORT dans leur abon-
ner’s et a aussi reçu des dons du Pointe aux sables et Bambous ont
nement, seront automatiquement éligibles au tirage au sort qui aura
groupe Scott. Ce dernier, a apporté, reçu leurs colis alimentaires au
lieu le 4 août 2021.
de plus, son soutien logistique pour cours des mois d’avril et de mai.
VENDREDI 04 JUIN 2021 | BIZWEEK | ÉDITION 345 9
DEBRIEF
ABSA MAURICE
Des profits avant impôts
de Rs 1,1 milliard pour
l’année financière 2020
2020 a été une année particulièrement difficile pour bon nombre d’entreprises en
raison de l’impact de la pandémie de Covid-19 sur l’économie mondiale. Absa Bank
(Mauritius) Limited – Absa Maurice – a fait preuve d’une résilience remarquable,
notamment grâce à un renforcement de ses réserves de liquidités et de fonds propres,
en dépit d’un environnement économique compliqué
Les hôtels de The Lux Collective
à Maurice se distinguent
Ils gardent une place spéciale dans le cœur des voyageurs. Bien
qu’ils n’aient pas accueilli de visiteurs étrangers depuis plus d’un
an en raison de la crise sanitaire, trois hôtels du groupe The Lux
Collective se sont distingués lors des derniers TripAdvisor Travellers’
Choice Awards 2021, dont les classements ont été publiés début mai.
Ainsi, SALT of Palmar, LUX* Grand Gaube et LUX* Belle Mare
se classent 4e, 13e et 17e, respectivement, dans le Top 25 des hôtels
en Afrique. LUX* Belle Mare prend la 4e place dans le Top 25 des «
All-Inclusive Hotels » dans le monde. Quant à SALT of Palmar, la
pépite hôtelière de l’est, elle rafle le prix « Best of the Best ». Pour
la chaîne hôtelière, il s’agit d’un signe encourageant au moment où
elle se prépare à accueillir de nouveau des voyageurs étrangers dans
le cadre de la réouverture des frontières.
Robert Hovenier nommé au sein
du comité exécutif d’Ocorian
Ocorian, leader mondial des
services fiduciaires aux entre-
prises, de la gestion de fonds
A
d’investissement et des servic-
bsa maurice affiche toute- l’année financière 2020. Par ailleurs, la solidité de l’institu- es pour marchés de capitaux,
fois un résultat en baisse, Les revenus opérationnels (op- tion financière se reflète également a nommé Robert Hovenier, le
à l’instar de l’ensemble erating income), quant à eux, dans les résultats financiers de sa Managing Director de son bu-
des acteurs du secteur. Elle a en- s’élèvent à Rs 4,6 milliards, ce qui maison mère en Afrique du Sud, reau à Maurice, au sein de son
registré des profits avant impôts représente une chute de 8 % com- Absa Group Limited. Le groupe a comité exécutif. « Depuis sa
de Rs 1,1 milliard au terme de son parativement à l’année financière annoncé une hausse de 2 % de ses prise de fonction en juillet 2020,
année financière se terminant au 2019. Ces chiffres sont principale- revenus (Total income), qui passe à Robert a joué un rôle essentiel
31 décembre 2020, soit une baisse ment le résultat de la baisse des 81,6 milliards de rands. Il compte dans la stratégie de croissance
de 50 % par rapport à l’exercice activités commerciales, entrainée aussi de solides réserves de liquid- de l’entreprise, recherchant con-
précédent. Outre les effets négatifs par un ralentissement des activités ités et de fonds propres, dont un stamment des façons de fournir
de la crise sanitaire, cet indicateur économiques à Maurice et à travers ratio de liquidité à court terme (Li- les meilleurs services et conseils
comprend également les coûts as- le monde en raison de la Covid-19, quidity Coverage Ratio) de 120,6%. aux clients de la région et au-
sociés au changement de nom de ainsi qu’à la pénurie des devis- Suite à l’impact de la covid-19 dans delà. Il sait que l’humain est au
la banque. Sans ces coûts, les prof- es étrangères sur le marché et les le monde, les bénéfices du groupe cœur de notre offre client et four-
its avant impôts d’Absa Maurice faibles taux d’intérêt perçus sur nos bancaire ont néanmoins chuté à 8,0 nit à l’équipe un soutien total
s’élèveraient à Rs 1,3 milliard pour investissements. milliards de rands. », a commenté Frederik van
Tuyll, Chief Executive Officer
et Chairman d’Ocorian.
Vivo Energy Mauritius lance un service
The Lux Collective organise
connecté pour le LPG commercial un « Wellness Festival » virtuel
Vivo Energy Mauritius, société La fatigue et le stress vous gagnent ? The Lux Collective organise
détentrice de la franchise Shell à un « Wellness Festival » virtuel, dans le cadre de la journée mon-
Maurice, marque une première diale du bien-être célébrée le 12 juin, dans le but de permettre aux
dans l’industrie en proposant aux Mauriciens de bénéficier de précieux conseils « santé ». Lors de cette
opérateurs industriels et commer- journée, les 11 hôtels du groupe, à Maurice comme dans le monde,
ciaux une solution qui permet de diffuseront une panoplie d’activités sur leur compte Instagram TV à
gérer de manière efficiente leur une heure d’intervalle. Les abonnés pourront apprendre à se déten-
stock de GPL (Gaz de pétrole liq- dre et se ressourcer, voire lutter contre le stress, grâce aux différentes
uéfié). Cette innovation, baptisée séances de yoga paddle, d’une visite à vélo des célèbres formations
SmartGas, garantit un approvi- karstiques de Chongzuo et de Sega Zumba, entre autres. Pour par-
sionnement en gaz sans interrup- ticiper au festival virtuel du bien-être, vous n’aurez qu’à vous rendre
tion grâce à un système de contrôle sur la page Instagram des hôtels.
à distance et sans faille. Grâce à
un système de communication
intégré doté d’un logiciel à dis- des informations techniques dans
tance et d’une simple connexion les systèmes multicylindres depuis
internet sans fil pour l’utilisateur, leurs tablettes et smartphones. La
SmartGas permet aux clients et solution offre l’avantage d’un gain
au distributeur non seulement de de temps considérable et permet
suivre en permanence le niveau de réduire les coûts liés à la gestion
du gaz, mais aussi d’accéder à du stock de gaz.
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