AGP Executive Report
Last update: 8 hours agoAfrican Finance: Mauritius-hosted AfCRA, launched on October 7, aims to bring deeper local insight to credit ratings and widen access to finance. Its leaders say independence will be vital to building trust; Africa’s current risk premiums are estimated to cost the continent $75 billion a year. Aviation: At its annual meeting in Mauritius, the Airlines Association of Southern Africa elected TAAG Angola Airlines CEO Miguel Carneiro as chair. AASA CEO Aaron Munetsi urged governments to turn long-standing plans into action on affordable fares, digital payments and more efficient airports. Growth Outlook: A recent World Bank assessment warns Mauritius’s growth could slow from 3.2% in 2025 to 1.2% by 2050 without reforms to investment, exports, infrastructure and institutions. Regional Finance: SBI (Mauritius) and BCP Bank (Mauritius) are among lenders joining a $175 million overseas loan for India’s CreditAccess Grameen, linking local banks to regional financing. Ocean Protection: Mauritius joined nine countries in backing 15 measures to tackle pollution and protect marine life across the western Indian Ocean.
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