AGP Executive Report
Last update: 9 hours agoMauritius-Linked Payments: India’s new UPI Merchant Discount Rate (MDR) rules from Oct 15, 2026 may extend to 11 overseas markets where UPI is live, including Mauritius, with a 0.4% MDR on select merchant transactions (above ₹2,000) and a ₹5 flat rate for some essential/low-margin categories—raising questions for local merchants and travellers. Green Finance in Mauritius: Oficea raised MUR 3.4bn via a sustainable bond, oversubscribed 1.5x, to refinance debt and fund “The Grid” office development in Telfair, Moka, targeting LEED certification and aiming for a green-certified portfolio above 70% by 2030. Ocean Economy Funding: The EU and Canada launched the OceanEye alliance for the Global Ocean Observing System at UNGA in New York, with pledges of at least €211m so far, including Mauritius among participating countries. Trade & Industry Link: A Trans-Atlantic Cotton Partnership announced at UNGA81 connects U.S. cotton to African textile production for the U.S. market, with Mauritius named among target countries. Corporate Moves: Goldman Sachs Investments Mauritius bought a stake in Lord’s Mark Industries in a bulk deal, while Mauritius-linked investors also appear in regional capital-market activity.
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