AGP Executive Report
Last update: 7 hours agoMauritius Finance & Trade: Visa is expanding Visa Pay across Africa, with Mauritius among the markets adopting the SDK to speed up digital payments, virtual cards and remittances through local apps. Regional Payments: India’s UPI is now live in Greece, making it easier for Indian tourists to pay merchants without heavy cash or card use. Industrial Finance: Afreximbank chief George Elombi says fair, evidence-based credit ratings are vital for Africa’s industrialisation and sovereignty, after S&P upgraded the bank to investment grade. Capital Markets: India’s NSE is targeting a Rs 30,000-crore IPO in September via an offer for sale, with major shareholders including SBI and MS Strategic (Mauritius) Ltd set to sell. Governance & Risk: A major UK cyber breach (“FortiBleed”) reportedly exposed Foreign Office and embassy staff logins, including accounts linked to Mauritius, raising concerns for critical services. Local Economy Watch: Mauritius is projected to record a 7.1% fiscal deficit in 2026, according to the World Bank’s latest Africa update. Business & Jobs: The World Bank approved $1.5bn for India to support private-sector job creation, aiming to help generate employment for 11 million young people over two decades.
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