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Africa Business News

Mauritius Tender and Business News

Vanatage Capital Provides Funds for Tamarin Seaside Village in Mauritius

South Africa-based Vantage Capital (www.VantageCapital.co.za), the biggest mezzanine fund manager on the continent, has provided Cap Tamarin, a mixed-use, residential-focused "Smart & Happy" Village located in Tamarin, a seaside village on the west coast of Mauritius, with $10M in mezzanine funding.

Africa's Hotel Sector to See Steady Growth Over Next Five Years

According to a new report by PwC regarding Africa's hotel sector, the increase in both foreign and domestic travelers on the continent over the next five years, plus the increase in the number of hotel chains there, should continue to support strong growth in the hotel sector for the next five years.

African Financial Fund Receives $10M Investment from AfDB

The Africa Financial Sector Deepening Fund, a financial instrument designed to strengthen the capital base of local financial institutions and stimulate Africa's corporate bond market, just received a US $10 million investment from the African Development Bank.

Mauritius To Host Annual Africa Energy Forum

The annual Africa Energy Forum has invited the international energy community to Mauritius for a four-day conference and private exhibition with the theme “Reflections on the Last 20 Years” for its 20th anniversary on 19-22 June 2018 at the Paradis & Dinarobin Beachcomber Hotels.

IATA Launches Single African Air Transport Market Push

As a part of the African Union (AU) initiative, the International Air Transport Association (IATA) has announced the launching of the Single African Air Transport Market (SAATM) with the goal of opening up Africa's skies and improving intra-African air connectivity.

LUX Ile des Deux Cocos Converts to Full Solar Power

Mauritius-based LUX* Resorts & Hotels has replaced its previous diesel-based power generation with a bank of 130 solar panels and batteries, to provide full power generation for its Ile des Deux Cocos, off-grid SE Mauritius (www.IleDesDeuxCocos.com/fr) project.

Algold Granted License to Mine in Mauritius

The Mauritianian government has formally consented to the granting of a mining license to Algold Resources, a mineral exploration company based in Quebec, for its Tijirit project.

VLCC Group of Dubai Plans Major African Expansion

VLCC Group, a weight loss solutions plus hair and skin treatment company headquartered in Dubai, United Arab Emirates, with an existing presence in Nairobi, just announced announced its plans to expand -- via franchise -- throughout a number of African countries.

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