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mayotte financial CSSM
Published by Hafiz Zain Financial Mayotte Feb 26, 2024

Struggling businesses : Facilitating financial recovery

Resolution of financial services : Proposed solutions Ongoing blockades on a part of the island are causing difficulties for businesses. Measures will be taken to assist…

seychelles european union
Published by Hafiz Zain Financial Seychelles Feb 26, 2024

Seychelles no longer on the EU’s blacklist

Seychelles government approves EU decision The Ministry of Finance welcomes the European Union’s decision to remove Seychelles from the denylist. Following the European Union Council’s decision…

madagascar BPC switch
Published by Hafiz Zain Financial Madagascar Feb 23, 2024

Payment National Switch : Fintech BPC sets a deadline

Nine months to deploy the National Payment Switch The CEO of Banking Payment Context (BPC) and the National Coordinator of the Economic Transformation Project for Inclusive…

madagascar mvola orange money
Published by Hafiz Zain Financial Madagascar Feb 21, 2024

Partnership between MVola and Orange Money Europe

Interoperability via THUNES In early 2024, MVola, a digital bank, and subsidiary of the Telma Group, expanded its remittance ecosystem through the aggregator Thunes, establishing interoperability…

mayotte CRC m’tsangamouji
Published by Hafiz Zain Financial Mayotte Feb 13, 2024

CRC: M’tsangamouji well assessed

Financial Situation of the Municipality of M’tsangamouji In the northern part of Mayotte, the municipality of M’tsangamouji received a favorable assessment in the latest report from…

mauritius vallée de ferney
Published by Hafiz Zain Financial Mauritius Feb 02, 2024

Grant awarded to Vallée de Ferney

Fund to Protect Biodiversity A grant has been awarded to Vallée de Ferney to bolster its mission of sustainable conservation, encompassing three significant projects around the…

mauritius financial
Published by Hafiz Zain Financial Mauritius Jan 29, 2024

Mauritius : Additional budget of Rs 50.3 million voted

Additional Funds to Cover Unforeseen Expenses Proposed by the Minister of Finance, Renganaden Padayachy, the bill advocates for a supplementary budget of Rs 50.3 million (approximately 1 million…

Published by Hafiz Zain Financial Mauritius Jan 26, 2024

Minimum wage : 29% increase for more than 141,000 employees

Population and Businesses Support Following the Cabinet’s approval of the National Advisory Council on Salaries’ recommendation in early December 2023, Labor Minister Soodesh Callichurn confirmed that…

seychelles indian ocean tuna
Published by Hafiz Zain Financial Seychelles Jan 26, 2024

IOT Ltd : A 13th-month salary

Employees up to grade 5 are eligible for a 13th-month salary The government has committed to pay the 13th-month salary to all Seychellois workers up to…

mauritius tax
Published by Hafiz Zain Financial Mauritius Dec 27, 2023

Simplified inheritance tax for foreigners

Leading country in the Indian Ocean region Mauritius has signed double taxation treaties with 44 countries worldwide, including 9 in Europe. Agreements are currently being negotiated…

mauritius central bank
Published by Hafiz Zain Financial Mauritius Dec 21, 2023

Central Bank of Mauritius

Key rate maintained at 4.5% The Monetary Policy Committee (MPC) of the Central Bank of Mauritius has taken financial analysts and economic experts by surprise with…

PAOMA paositra malagasy
Published by Hafiz Zain Financial Madagascar Dec 21, 2023

Paoma becomes Madagascar’s new postal bank

Paoma becomes Madagascar’s new postal bank Paoma holds financial and managerial autonomy and has 250 branches across Madagascar. The firm is embarking on a major transformation…

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