AGP Executive Report
Last update: 10 hours agoFinancial Services: The African Union launched its Africa Credit Rating Agency in Mauritius, with headquarters in Port Louis. The independent agency aims to offer investors African-focused assessments, but AU officials caution it will not quickly reduce borrowing costs; the UN estimates poor ratings cost the continent $74.5 billion a year. Economic Outlook: Moody’s turned positive on its outlook for sub-Saharan Africa, citing reforms and stronger commodity prices, but kept Mauritius among four countries with a negative outlook. Air Links: Airlink’s twice-weekly Cape Town–Mauritius flights, launched on October 2, offer a direct option for visitors and business travellers. The airline expects new jets to support network and revenue growth. Innovation: Mauritius unveiled its Space Strategy 2036, setting a framework to develop space science and technology for research, innovation and the economy.
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