AGP Executive Report
Last update: 8 hours agoZee Entertainment fundraising unlock: The Securities Appellate Tribunal granted Zee Entertainment Enterprises interim relief, allowing it to proceed with its ₹3,143 crore preferential warrant issue to Sunbright Mauritius Investments, after staying SEBI’s two-month market ban—conditional on penalties being deposited within a week. Banking performance: Standard Bank reported record interim results, with Africa Regions contributing N$10.4bn to headline earnings and the group paying its biggest interim dividend yet after a 10% rise in headline earnings to N$26.1bn. Maritime policy: Mauritius unilaterally extended its territorial waters to cover Chagos, a move framed as a major turning point that could affect fishing rights and the security posture around Diego Garcia. Deep-sea mining pushback: Mauritius joined other African states backing a precautionary pause on seabed mining at the ISA, arguing for a science-led approach to protect a resilient ocean. Crypto regulation spillover: Kenyan crypto startups are weighing moves to Mauritius or South Africa after new minimum capital rules raised the bar for smaller firms. Business links: A Mauritius–Madagascar business forum opened in Antananarivo with over 50 firms across sectors including finance, ICT, mining, tourism and start-ups.
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