IBL withdraws from AfrAsia Bank
The Mauritian group IBL announced in mid-November its plan to sell the 30% stake it holds in AfrAsia Bank to its London counterpart Access Bank UK, also established in Paris and Dubai. IBL is thus seeking to reduce its debt, without giving up its investment projects beyond the borders of Mauritius. Based in Mauritius and with a representative office in South Africa, AfrAsia Bank specializes in providing banking services across Africa, Asia and the rest of the world.
Mauritius down in the Ibrahim index
Mauritius is one of the countries where the deterioration of governance is described as “worrying” in the latest report of the Ibrahim Index of Governance in Africa (IIAG), which assesses public governance performance and trends in 54 African countries. This new Index covers the decade 2014-2023, the data was collected from around fifty independent sources, and Seychelles succeeds Mauritius in first place in the ranking. “Despite the progress observed in several essential areas, citizens’ perceptions reflect growing dissatisfaction”, notes the report about the sister island. Perception of protection against discrimination is the indicator that is deteriorating the most, as is the perception of electoral integrity.
