Omnicane : from coal to biomass
The Omnicane group announces its desire to gradually eliminate the use of coal in its two power plants in Saint-Aubin and La Baraque (Savannah), where the Albioma group has a minority stake. Omnicane signed an agreement with the International Finance Corporation at the beginning of April (the International Finance Corporation, subsidiary of the World Bank) who will support it in developing a financial model to move forward on the decarbonization journey. Local biomass (bagasse) and imported will gradually replace coal, as is already the case in Reunion in the two Albioma power plants, in Bois-Rouge and Gol. The Mauritian group indicates that it will favor biomass from countries in the region, and that he began prospecting in southern Africa for this purpose.
Already 35 stopovers at the new cruise terminal
The new Port-Louis cruise terminal, I entered service in November, had already welcomed 35 liners and 40,000 cruise passengers at the beginning of April. By the end of the year, 23 additional stops are expected. The Port-Louis Cruise Terminal covers an operational area of 7,500 square meters in front of the southern part of the harbor of the Mauritian capital. It required 900 million rupees of investment (around 18 million euros).
A local brand for Eastern products
Alteo (agri-food, energy, real estate) has just launched a territorial brand for products from the eastern region of Mauritius, where the group once thrived in the sugar sector. Origin’Est brings together a range of vegetables grown in greenhouses and deer meat from the different Altéo entities, who highlight their sustainable agricultural practices and breeding that respects animal welfare.
Conjuncture : the Central Bank optimistic
The Bank of Mauritius decided at the beginning of April to maintain its key rate at 4,5% by painting an optimistic portrait of the country’s economy. The establishment expects growth of 6,5% in 2024, thanks to developing tourist revenues, just like the external income of residents, which would compensate for the deterioration of the trade deficit. Inflation expected to be below 5% at the end of the year, and Mauritian foreign exchange reserves currently cover 11 months of imports, a level high enough to withstand a possible new international shock.
