AGP Executive Report
Last update: 3 hours agoAir Mauritius: Seven senior managers have been suspended after a Kroll investigation into fleet decisions, as the airline faces possible legal referrals. Separately, the government plans to split Airport Holdings into an aviation group led by Air Mauritius and an airport operations group led by Airports of Mauritius. AI readiness: Mauritius ranked eighth in a Commonwealth index of young people’s preparedness for AI, one of only three African members to meet its benchmark. The study warns of a $360 billion gap in potential AI gains between better- and less-prepared countries. Investment flows: Mauritius was the third-largest source of registered investment in Tanzania over five years, at $2.1 billion, though registrations do not guarantee projects will proceed. Financial services: Fairfax India completed a $211 million share purchase in IIFL Capital through its Mauritius subsidiary, lifting its stake to 38%. Property: Debt-distressed Grit Real Estate plans to sell its investments, including major Kenyan assets, as it contends with higher financing costs and falling property values.
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