AGP Executive Report
Last update: 11 hours agoAir Mauritius: Seven senior managers have been suspended as the airline’s Kroll investigation into fleet decisions moves towards questions of individual accountability. The board is also weighing possible referrals to the Financial Crimes Commission and police. Aviation Restructuring: The airline is set to lead a new aviation group, with Airports of Mauritius heading a separate airport operations business, under a plan to dismantle parent Airport Holdings Ltd. Corporate Distress: Mauritius-based Grit Real Estate Income Group plans to sell all its investments as rising financing costs and falling asset values weigh on the company; its shares have been suspended in Mauritius and London. Trade Links: Port Louis deputy mayor Mehzabeen Caramtali says closer cooperation with China’s Ningbo port could strengthen Mauritius’ trade links with Africa and beyond. African Finance: The new African Credit Rating Agency plans research in Mauritius as it prepares to issue its first sovereign ratings by March 2027.
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