MAURITIUS is grappling with one of its most explosive political scandals in years just as French President Emmanuel Macron touches down for a 24-hour visit. At the heart of the crisis is former finance minister Renganaden Padayachy, arrested last week over accusations he defrauded a state-backed investment fund. Padayachy is alleged to have siphoned off around … Read more
GRAND Baie, a once-sleepy coastal town in Mauritius, has transformed into Africa’s fastest-growing millionaire enclave, boasting a staggering 95 percent increase in high-net-worth individuals over the past decade. This surge, reported in the 2024 Africa Wealth Report by Henley & Partners, places the town at the forefront of Africa’s booming private wealth sector. A rising luxury destination … Read more
MAURITIUS, a picturesque island nation renowned for its pristine beaches and luxury resorts, has long been a dream destination for travellers. However, as visitor numbers continue to soar, concerns about overcrowding are growing. According to Travel and Tour World, the island is now one of Africa’s most densely populated countries, with 641 people per square kilometre. A … Read more
MAURITIUS has issued an arrest order for its former finance minister, Renganaden Padayachy, in connection with an ongoing investigation into alleged embezzlement. The police notice, published in local newspapers on Tuesday, revealed the charges, coming just days after the arrest of former central bank governor, Harvesh Seegolam. Padayachy, who served as the finance minister in the previous … Read more
MAURITIUS’ former central bank governor, Harvesh Kumar Seegolam, was arrested on January 3, 2025, upon his return to the island, following an investigation into allegations of conspiracy to defraud. The arrest marks a significant step in the government’s ongoing efforts to address financial misconduct within the country’s economic and governmental institutions. Arrest linked to fraud … Read more
MAURITIUS’ new Prime Minister, Navin Ramgoolam, has painted a dire picture of the nation’s economy, describing it as ‘much worse than we imagined.’ The revelation follows a sweeping audit into public finances, launched after his coalition’s landslide victory in November. Ramgoolam accuses the previous administration of manipulating economic data to mask financial challenges. ‘We are almost completing … Read more
NAVIN Ramgoolam, the new Prime Minister of Mauritius, has announced a comprehensive audit of the country’s public finances, questioning the accuracy of data released by the previous administration. The move follows his coalition’s landslide victory in the 10 November election, which secured Ramgoolam his fourth term as leader. In a speech on Sunday, the 77-year-old premier declared his administration … Read more
MAURITIUS, a stunning island nation in the Indian Ocean, has emerged as Africa’s safest country for 2024, according to the Global Peace Index (GPI). The GPI, produced by the Institute for Economics and Peace (IEP), evaluates the absence of violence or fear of violence to determine global rankings. Among 163 nations, Mauritius leads the African continent, with … Read more
Mauritius’ Prime Minister Pravind Jugnauth has acknowledged a significant electoral loss after his coalition, L’Alliance Lepep, suffered a defeat in Sunday’s parliamentary election. Jugnauth, who sought re-election for a second five-year term, admitted that ‘the population has decided to choose another team,’ signalling a major political shift on the Indian Ocean archipelago known for its … Read more
Parliamentary elections were being held in the Indian Ocean island state of Mauritius on Sunday, with the Alliance Lepep governing coalition, led by Prime Minister Pravind Kumar Jugnauth, seen as favourites to retain power. The main challenger is the opposition coalition, Alliance for Change, led by Navin Ramgoolam, who has served as prime minister twice … Read more