AGP Executive Report
Last update: 9 hours agoUnrest and Business: Police say the situation is under control after Mauritius’s curfew was lifted, but protests over water shortages and living costs disrupted daily life. Business Mauritius advised firms to resume normal activities according to local security conditions, as the unrest raises concern for tourism, a key source of income. Investor Tax Rules: India’s new anti-abuse test under its Mauritius tax treaty took effect on August 10, allowing treaty benefits to be denied where securing a tax advantage was a principal purpose. PwC says investments made before April 1, 2017 remain protected by grandfathering rules. Markets and Payments: Mauritius ranked second in Africa’s 2026 financial markets index, behind South Africa, as 21 of 29 surveyed countries improved, though thin trading remains a hurdle. Separately, Ecobank’s new CIPS partnership will offer businesses across its 34 African markets a direct yuan payment channel for trade with China.
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