This week brings a mix of impactful initiatives and key developments. From a vital donation drive organized by the NGO We Care to stepped-up efforts by the National Coast Guard to keep beaches safe during the festive season, there's plenty happening. On another front, Mauritius cements its position as Africa's top destination for fund domiciliation, reinforcing its status as a leading financial hub. Here's what you need to know.
We care launches donation drive for Agalega
This Saturday, December 21, from 9 a.m. to 3 p.m., the NGO We Care will hold a donation drive at the Riverside shopping center parking lot in Rivière-du-Rempart. Led by its president, Leena Pentiah, the initiative aims to support the people of Agalega who were hit hard by Cyclone Chido. Donations of clothing, hygiene products, and non-perishable food items are urgently needed and will be sent directly to affected families.
The NGO is also calling on local leaders to join forces and help amplify this relief effort.
National Coast Guard steps up beach safety for the holidays
With beaches set to draw big crowds over the holiday season, the National Coast Guard (NCG) is intensifying its presence to ensure public safety. Increased patrols will run along the coast until January 12, 2025, with officers keeping a close eye on popular swimming areas.
To complement these efforts, a public awareness campaign will highlight safety tips and the risks of navigating the waters. A daily radio segment featuring an NCG officer will provide practical advice and answer questions from the public. For more information, contact 5 808 1801 or 212 2747.
Mauritius leads Africa in fund domiciliation
Mauritius has been recognized as Africa's only “established” financial center, according to a new report commissioned by the Mastercard Foundation and released on December 4. The report highlights Mauritius as the continent's top performer in fund domiciliation, thanks to its robust legal framework, dependable judiciary, and business-friendly environment.
The study also underscores the urgent need to reform Africa's financial landscape, noting that 60% of the funds invested on the continent are currently domiciled offshore. Mauritius stands out as a critical player in addressing this challenge.
