Industry Updates

Mauritius FSC Introduces “Known to the Commission” Framework

The “Financial Services Commission” (“FSC”) of Mauritius has introduced the “Known to the Commission” (“KTC”) framework, effective 5 January 2026, in line with the National Budget 2025/2026 measures. The framework aims to enhance regulatory efficiency by allowing the FSC to rely on existing information for qualifying regulated entities and individuals. 📄 Download the Axis Newsbite […]

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Axis Budget Brief 2025/2026

Following the presentation of the National Budget 2025/26 by the Prime Minister, Minister of Defence, Home Affairs and External Communications, Minister of Finance, and Minister for Rodrigues and Outer Islands, Dr. Navinchandra Ramgoolam, on Wednesday 05 June 2025 under the unifying theme “From Abyss to Prosperity: Rebuilding the Bridge to the Future”, we are pleased

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Axis Budget Brief 2024/2025

Following the National Budget 2024/25 presentation by Honourable Dr. Renganaden Padayachy, Minister of Finance, Economic Planning, and Development, on Friday 07 June 2024 themed “Tomorrow is Ours”, we are pleased to share with you the Axis budget brief 2024/2025. The Axis budget brief 2024/2025 highlights the salient elements of the Budget with focus on pertinent

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Celebrating Growth and Leadership at Axis!

Join us as we celebrate our newly promoted team members who are shaping our future with their dedication and expertise. Dive into our video to highlight their achievements and the exciting new roles they are stepping into. Together, let us look forward to a future filled with success and innovation.

Celebrating Growth and Leadership at Axis! Read More »

Axis Celebrates World Day for Cultural Diversity!

On May 21st, we embraced our unique Mauritian cultural heritage by wearing attire that represented our diverse backgrounds, celebrating the World Day for Cultural Diversity at Axis with joy and pride! Organized by our EDI Working Group, the day was highlighted by everyone, showcasing the rich diversity of our team. Thank you to all who

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Streamline Success with Our Corporate Services

Elevate your focus on growth while we manage the back-office tasks. Let us boost your business efficiency together.

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Axis Academy – Dress how you want to be Addressed by Taruni Devi Ramnarain

We are thrilled to share a glimpse from our recent Axis Cognitio session, an Axis Academy initiative, featuring the incredible coach, Taruni Devi Ramnarain, founder of Academia of Image Excellence. Taruni discussed her transition from finance to image consultancy and emphasized personalized, empathetic coaching. Our team gained invaluable knowledge on personal branding and image management,

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Happy World Day for Cultural Diversity!

At Axis, we are proud to celebrate the diverse cultures and traditions of our amazing team members from around the globe. Check out our video to see how our unique traditions and cultures come together to make us stronger and more united. 

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Eid Mubarak from Axis!

We celebrated Eid ul-Fitr at Axis, marking the end of Ramadan with joy and community spirit! Organized by our eXult Working Group, the day was made even more special with everyone wearing stunning traditional attire, showcasing the diversity of our team. Thank you to all who joined and enhanced the celebration with a festive lunch

Eid Mubarak from Axis! Read More »

Meet our Axis India Representative and Consultant

We are thrilled to welcome Mr. Amit Maloo as our Axis India Representative and Consultant. Joining Axis Fiduciary Ltd as part of our strategic expansion into India, Amit brings over 22 years of experience across various sectors including private equity, logistics, and entertainment. As a seasoned Chartered Accountant and Registered Valuer, he will play a

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Celebrating Earth Day at Axis!

At Axis, we believe in the power of collective action to make a positive impact on our planet. This Earth Day, our staff showed their commitment to sustainability by donning green attire and receiving a lovely succulent as a gift organized by the ESG committee at Axis. Together, we are fostering a culture of environmental

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#Mauritius – #Africa’s Innovation Leader of 2024 #GlobalInnovationIndex

#ForbesAfrica highlights the continent’s innovation front-runners in the 2024 Global Innovation Index. Mauritius leads, ranked 57th globally, exemplifying a successful shift to a diverse #economy with robust manufacturing and #financial sectors. Supported by the MRIC and lauded by the #WorldBank, Mauritius exemplifies innovation-driven growth. Discover more on these innovators at Forbes Africa: https://lnkd.in/dNHR6XD4.

#Mauritius – #Africa’s Innovation Leader of 2024 #GlobalInnovationIndex Read More »

Mauritius Strengthens Economic Relations with Japan

The Economic Development Board (EDB) Mauritius recently organized a successful Investment and Trade Promotion Mission to Japan from November 17 to 22, 2023. The mission followed from a visit by a Japanese delegation to Mauritius in May 2023 to explore investment opportunities. EDB collaborated with key partners and involved eleven Mauritian companies from various sectors.

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Advancing Sustainable Development via Asset and Wealth Management Strategies

On November 29, 2023, during the Asset and Wealth Management event in Mauritius, Minister Mahen Kumar Seeruttun emphasized the importance of sustainable development in economic activities. The event, organized by PricewaterhouseCoopers (PwC), was attended by various PwC leaders and other distinguished personalities. Minister Seeruttun highlighted Mauritius’s strategic role in global finance, particularly in asset and

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Mauritius Attains a Leading Position in Z/Yen Smart City Index 8

On November 27, 2023, the Financial Services Commission (FSC) of Mauritius is delighted to announce that Mauritius has secured the 63rd position with a rating of 649 points in the Smart City Index (SCI) 8 by Z/Yen, marking its debut in the index for the first time. The SCI evaluates global commercial centers’ technological capabilities,

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Mauritius Highlights Digital Excellence at Africa Tech Festival

The Economic Development Board of Mauritius (EDB) led a delegation to the 26th Africa Tech Festival in Cape Town from November 14-16, 2023. Positioned as a prime platform for showcasing African tech advancements, the festival emphasized the continent’s growing tech influence. Mauritius aimed to establish itself as a digital investment hub and showcased its capabilities.

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Minister Bholah Details Incentives for Enhancing the Export Market

On November 20, 2023, the Honorable Soomilduth Bholah, the Minister of Industrial Development, SMEs, and Cooperatives, held a press conference in Port Louis, presenting Mauritius’ latest export sector statistics and government initiatives to enhance competitiveness. Despite the decline, noted of 0.9%, Mauritius remained a reliable sourcing destination for South Africa, the UK, the USA, and

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Half-Day Workshop Commemorates African Statistics Day 2023

Statistics Mauritius organized a half-day workshop at the Ravenala Attitude Hotel in Balaclava to mark African Statistics Day 2023. The event, attended by key figures including Finance Minister, The Honorable Renganaden Padayachy and Statistics Board Chairperson Charles Cartier, focused on the theme “Modernising data ecosystems to accelerate the implementation of the African Continental Free Trade

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Minister Seeruttun Highlights Financial Services Sector as the Second Largest Contributor to GDP, Accounting for 14%

On Friday 17 November 2023, at the 10th year celebrations of the Exinity Limited (Ltd) in Mauritius, the Honorable Minister of Financial Services and Good Governance, Mr. Mahen Kumar Seeruttun, highlighted the financial services sector’s role as the second-largest contributor to Mauritius’ GDP. The sector represents 14% of the GDP and employs over 15,000 individuals today.

Minister Seeruttun Highlights Financial Services Sector as the Second Largest Contributor to GDP, Accounting for 14% Read More »

Public Consultation – Proposed Regulations for Financial Services in the 2023 Rules Regarding Spot Commodity Markets and Intermediaries

The Financial Services Commission, Mauritius, has proposed amendments to the Financial Services Act by suggesting new financial business activities to be licensed, including spot commodity broker, representative, clearing house, market, trading adviser, and representative. The Financial Services (Spot Commodity Market and Intermediaries) Rules 2023 have been published for public consultation to gather input from industry

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Mauritian Manufacturing Delegation Enhances Trade Relations in Southern Africa

A Mauritian manufacturing delegation, consisting of 16 prominent companies, recently participated in the Mauritius-Africa: Trade and Business Forum, organized by the Economic Development Board’s Industry Department. Led by Mr. Geerish Bucktowonsing, the Director of Industry at EDB, the mission took place from October 30 to November 10, 2023, covering Zambia, Botswana, and Namibia. In Zambia,

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The FSC introduces its latest Fintech and Innovation web page

The Financial Services Commission, Mauritius (FSC), has released a communique on 13 November, to announce the launch of its Fintech and Innovation webpage, a comprehensive resource hub catering to the diverse needs of the financial services and fintech industry. The webpage serves as a valuable tool for stakeholders and the public, offering information on new

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Financial Services Minister Spotlights Growth Opportunities in African Markets

During the 10th Anniversary of the Mauritius Africa Business Club, a platform set up to encourage and enhance investments into the African continent by promoting and sharing market intelligence about Africa business framework, Minister Mahen Kumar Seeruttun highlighted Mauritius’ strategic focus on tapping into African markets for sustainability and economic growth. He outlined three business corridors:

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Streamlining Financial Processes: Introducing a Framework for Digital Signature Utilization in Financial Services

The Financial Services Commission (FSC) has introduced a digital signature framework to simplify financial processes and improve efficiency. The framework’s focus is to enhance security, reduce paper usage, and adapt to the digital age. The Minister of financial services and good governance, Mr. Mahen Kumar Seeruttun, emphasized that implementing digital signatures will significantly enhance the

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Empowering Trade Connections: Women-Led Mauritian Businesses Shine in Nairobi Networking Gathering

The Economic Development Board (EDB) of Mauritius, in its role as the host institution for SheTrades Hub Mauritius, led a delegation of eight women-led businesses to a Business Networking Event in Nairobi, Kenya, from October 17th to 19th, 2023. This three-day event, held in collaboration with the SheTrades Commonwealth+ Programme, was funded by the UK’s

Empowering Trade Connections: Women-Led Mauritian Businesses Shine in Nairobi Networking Gathering Read More »

South Korean Delegation Collaborates with Mauritius Economic Development Board for Investment and Market Expansion in Africa

On October 30th, 2023, A South Korean delegation, led by Mr. Chey Taewon, Chairman of SK Group and Chairman of the Korea Chamber of Commerce and Industry (KCCI), visited Mauritius to discuss investment and business opportunities in Mauritius and its potential role as a gateway to Africa. The delegation held a high-level meeting at the

South Korean Delegation Collaborates with Mauritius Economic Development Board for Investment and Market Expansion in Africa Read More »

Axis Marks 15 Years: Pioneering Sustainability in Mauritius as a Finance Gateway to Africa

At Axis Fiduciary Ltd’s 15th Anniversary celebration at Maison de l’etoile – Euréka on 27 October 2023, Minister Mahen Kumar Seeruttun emphasized Mauritius’s progress in becoming the Sustainable Finance Gateway into Africa. He discussed initiatives, like the recent listing of the Stock Exchange of Mauritius’s first Green bond and highlighted the Ministry’s ongoing work on

Axis Marks 15 Years: Pioneering Sustainability in Mauritius as a Finance Gateway to Africa Read More »

Mauritius Scores a Perfect 40/40 on FATF Evaluation

The Financial Action Task Force (FATF) has recently released a comprehensive evaluation of countries’ effectiveness and technical compliance ratings. We are thrilled to share the fantastic news that Mauritius has achieved a perfect score of 40 out of 40! This accomplishment is a testament to the dedication and hard work of all the stakeholders involved

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Open Forum: Discussion Document for Proposed Investment Fund Environmental, Social, and Governance Guidelines

The Financial Services Commission of Mauritius (FSC) has released a consultation paper on the proposed environmental, social and governance guidelines for investment funds for public consultation on 23 October 2023. These guidelines aim to enhance how the investment fund industry discloses its ESG strategies, enabling investors to make more informed decisions. Stakeholders and the general

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Foreign Direct Investment (FDI) Reaches MUR 13,513 Million in the First Half of 2023

The Bank of Mauritius has released the initial figures for Foreign Direct Investment (FDI) during the first half of 2023, which amounted to Rs 13,513 million. This marks a notable 33% increase compared to the same period in 2022 when FDI was Rs 10,086 million. The sources of FDI primarily came from France and South

Foreign Direct Investment (FDI) Reaches MUR 13,513 Million in the First Half of 2023 Read More »

Austrian Ambassador Meets with PM Jugnauth and Minister Gobin

Ms. Romana Königsbrun, the Ambassador-Designate of Austria, met with the Prime Minister, Mr. Pravind Kumar Jugnauth, and Honourable Maneesh Gobin on October 18, 2023, discussing their common ground as medium-sized countries with tourism and economic ties emphasizing their strong bilateral relations,the importance of Mauritius in Austrian trade, and the potential for a research and development

Austrian Ambassador Meets with PM Jugnauth and Minister Gobin Read More »

Courtesy Visit by UK Prime Minister’s Trade Envoy to Mauritius to PM Jugnauth

UK’s Trade Envoy to Mauritius, Mr. Andrew Selous, visited Prime Minister Jugnauth at the New Treasury Building in Port-Louis on October 03, 2023, discussing the UK-Mauritius Strategic Trade Partnership signed on 17 April 2017, bilateral ties, and renewable energy cooperation. Mr. Selous expressed UK’s interest in expanding British organizations in Mauritius, especially in renewable energy,

Courtesy Visit by UK Prime Minister’s Trade Envoy to Mauritius to PM Jugnauth Read More »

AfCFTA Secretary General’s Courtesy Visit to PM Jugnauth

Mr. Wamkele Mene, the Secretary General of the African Continental Free Trade Area (AfCFTA), paid a courtesy visit to Prime Minister Pravind Kumar Jugnauth on 03 October 2023. The meeting aimed to brief the Prime Minister on AfCFTA’s implementation progress, highlighting that 47 countries have ratified the agreement, positioning AfCFTA as the second-largest trade market

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Minister Seeruttun Announces Mauritius’ Commitment to Cultivate an Investment-Friendly Environment in Africa

During the Africa Partnership Conference (APC) on 03 October 2023, Mauritius reaffirmed its dedication to the African Union’s 2063 Agenda by promoting a sustainable, investment-friendly environment in Africa. Minister Mahen Kumar Seeruttun emphasized unity among APC countries, positioning Mauritius as an economic hub on the continent. He highlighted Africa’s potential, including renewable energy, vast arable

Minister Seeruttun Announces Mauritius’ Commitment to Cultivate an Investment-Friendly Environment in Africa Read More »

Mauritius Welcomes Africa Partnership Conference to Foster Cross-Border Alliances

The Africa Partnership Conference took place in Mauritius on 02 and 03 October, aiming to foster cross-border collaboration under the theme “Unity in Partnership: Enabling Sustainable and Inclusive Investment.” Organized by the Economic Development Board of Mauritius and the Ministry of Finance, Economic Planning, and Development, the conference brought together stakeholders from 25 African nations,

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Mauritius Enhances its Standing in GFCI 34, Reaffirming its Influence in the Global Financial Arena

The Financial Services Commission of Mauritius (FSC) is pleased to announce that Mauritius has made remarkable progress in the global financial landscape, climbing 13 places in the latest Global Financial Centre Index (GFCI) 34, from 92nd in September 2022 to an impressive 68th in September 2023. This biannual report by Z/Yen Group evaluates and ranks

Mauritius Enhances its Standing in GFCI 34, Reaffirming its Influence in the Global Financial Arena Read More »

Standard & Poor’s confirms Mauritius as a good investment, and Moody’s raises its sovereign rating to Baa1-Baa3

On September 27th, 2023, The Bank of Mauritius (“The Bank”) welcomed the Standard & Poor’s decision taken in July 2023 to confirm Mauritius’ “investment grade” status and Moody’s upward revision of the country’s financial outlook to Baa1-Baa3. By giving Mauritius a BBB-/A-3 Outlook Stable rating, Standard and Poor has solidified Mauritius’ position as the only

Standard & Poor’s confirms Mauritius as a good investment, and Moody’s raises its sovereign rating to Baa1-Baa3 Read More »

Exploring New Developments in Global Taxation: Workshop Spotlights Taxation and Fiscal matters

A workshop titled “Emerging Trends in International Taxation” organized by the IFA Mauritius Branch in partnership with Mauritius Finance and ACCA Mauritius took place on September 15, 2023. The event, held alongside the 14th Asia/Africa IFA Conference 2023, featured President Prithvirajsing Roopun of Mauritius as the Chief Guest. President Roopun highlighted the importance of taxes

Exploring New Developments in Global Taxation: Workshop Spotlights Taxation and Fiscal matters Read More »

Exploring Investment Prospects in Mining: EDB’s Presentation at Singapore Mining Day 2023

The EDB actively engaged in the Singapore Mining Day conference, held on September 15, 2023, spotlighting the Mauritius International Financial Centre (IFC) as a risk mitigation hub for cross-border investments. The Deputy CEO of EDB delivered a compelling presentation, emphasizing the secure and business-friendly environment of the Mauritius IFC, highlighting suitable company structures for mining

Exploring Investment Prospects in Mining: EDB’s Presentation at Singapore Mining Day 2023 Read More »

EDB’s Investment Promotion Mission Unlocks Opportunities in the Malaysian Market in Kuala Lumpur

The Economic Development Board (EDB) of Mauritius organized an investment promotion mission in Kuala Lumpur on September 11 to 13, 2023, aimed at highlighting Mauritius’ attractive investment opportunities and enhancing economic connections. The event brought together key stakeholders from various sectors. The High Commissioner of Mauritius in Kuala Lumpur and the Chairman of EDB, emphasized

EDB’s Investment Promotion Mission Unlocks Opportunities in the Malaysian Market in Kuala Lumpur Read More »

The new EU Ambassador to Mauritius visits Minister Gobin

The newly appointed EU Ambassador to Mauritius, Mr. Oskar Benedikt, met with Minister Maneesh Gobin, on September 12, 2023. Minister Gobin appreciated the strong partnership between Mauritius and the EU, highlighting their shared commitment to democracy and inclusive development. He expressed interest in deeper collaboration in areas such as the environment, climate change, fisheries, green

The new EU Ambassador to Mauritius visits Minister Gobin Read More »

The FSC Releases Circular letter CL130923- Streamlined Statutory Returns-Using the FSC One Platform

The Financial Services Commission of Mauritius (FSC) has released a circular letter on 13 September 2023, on the filing of Statutory Returns through the FSC One Platform. The FSC One Platform is a user-friendly digital solution for filing Statutory Returns, which is now mandatory for all FSC Licensees, including Reporting Issuers, following the passing of

The FSC Releases Circular letter CL130923- Streamlined Statutory Returns-Using the FSC One Platform Read More »

Philippine Ambassador in Mauritius Meets with Foreign Affairs Minister

The Philippine Ambassador to Mauritius, Miss Noralyn Jubaira Baja, met with Minister Maneesh Gobin, on 12 September. Their discussion was based on the strengthening of bilateral ties, especially in the wake of disruptions caused by the COVID-19 pandemic, reviewing of ongoing agreements, exploring new areas for collaboration, and the possibility of establishing a bilateral consultation

Philippine Ambassador in Mauritius Meets with Foreign Affairs Minister Read More »

Bangladesh’s High Commissioner bids farewell to Minister Gobin

Bangladesh’s High Commissioner to Mauritius, Mrs. Rezina Ahmed, bid farewell to Minister Maneesh Gobin, on September 12, 2023. Mrs. Ahmed’s five-year tenure in Mauritius focused on strengthening bilateral relations. Minister Gobin acknowledged her efforts while emphasizing the importance of boosting economic ties through increased business and tourism exchanges. They discussed the potential for Bangladeshi investment

Bangladesh’s High Commissioner bids farewell to Minister Gobin Read More »

Mr. Assad Abdullatiff, speaker at the STEP LatAm conference

Mr. Assad Abdullatiff, Managing Director at Axis Fiduciary Ltd, was delighted for being a speaker at the STEP LatAm Conference – Building Knowledge Across Borders Advising Families Today and Tomorrow, held on 07 and 08 September 2023 at the Bogota, Colombia. This event gathered speakers with diverse backgrounds in financial services, offering valuable insights into

Mr. Assad Abdullatiff, speaker at the STEP LatAm conference Read More »

Axis Finance Act series 2023 – Business Facilitation

Discover the Latest Business Facilitation Measures in the Finance (miscellaneous provision) Act 2023 with Axis. Join us in the next segment of the Axis Finance Act Series 2023, where we will provide a detailed analysis of recent updates regarding work and live in Mauritius. Learn how Mauritius’s business-friendly atmosphere and the introduction of online work

Axis Finance Act series 2023 – Business Facilitation Read More »

Mexican Ambassador to Mauritius Meets with Foreign Affairs Minister

The Ambassador of Mexico to Mauritius, Mrs. Sara Valdes Bolaño met with Hon. Maneesh Gobin on 05 September 2023, to discuss strengthening bilateral ties in economic, diplomatic, and cultural aspects. They discussed using the Mauritius International Financial Centre for international investments in Mexico. Additionally, Ambassador Valdes Bolaño highlighted the increasing interest of the Mexican business

Mexican Ambassador to Mauritius Meets with Foreign Affairs Minister Read More »

Breaking News: Mauritius Sets the Peaceful Standard for Africa!

Join us in celebrating Mauritius’ remarkable achievement! Mauritius shines as Africa’s peace leader, ranking 23rd globally with a remarkable 1.8% GPI score improvement. It excels in both safety and security, showcasing an inspiring model of peace for all of Africa. Want to dive deeper into the facts? Read the full report HERE.

Breaking News: Mauritius Sets the Peaceful Standard for Africa! Read More »

Welcome to Axis’s Finance Act Series 2023!

We are thrilled to introduce our first AI-powered video, shining light on some of the recent noteworthy measures and amendments made to the law, pursuant to the Finance (miscellaneous provisions) Act 2023, that relate to the financial services industry. Through this Axis Finance Act Series 2023, we shall explore fundamental shifts in the financial services

Welcome to Axis’s Finance Act Series 2023! Read More »

Revenue Goals: MRA’s Strong Performance in FY 2022-2023

In the Financial Year 2022-2023, the Mauritius Revenue Authority (MRA) demonstrated remarkable efficiency by surpassing a 21.6% growth benchmark in revenue collections, totaling Rs 137 billion. Major contributors included trade (36.3%), manufacturing (11.5%), global business (10.3%), and hotels, comprising 64% of all collections. Financial services accounted for 19%, with the hotel sector’s share rising from

Revenue Goals: MRA’s Strong Performance in FY 2022-2023 Read More »

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