Mauritian central bank Governor Rundheersing Bheenick said he has been given a third term by the Indian Ocean island nation’s president until May 2016.
Mauritius Telecom , in which France Telecom SA holds 40 percent, plans to start trading its shares on the Indian Ocean island nation’s bourse, pending approval from the government, Chairman Appalsamy Thomas said.
Air Mauritius Ltd., sub-Saharan Africa’s fourth-biggest airline, declined for a seventh day, its longest losing streak in more than eight years.
Ciel Textile Ltd., a Mauritian apparels company with operations in Madagascar and Asia, rose the most in more than eight months.
Sun Resorts Ltd., Mauritius’s second- biggest hotel operator by market value, is confident of growing earnings by at least 22 percent as it focuses on Asia to offset a decline in visitors from Europe.
Mauritius’s inflation rate fell for the first time in three months in November to the lowest in more than two years, the country’s data agency said.
Mauritius’s central bank has made “significant progress” rebuilding its reserves, Bank of Mauritius Governor Rundheersing Bheenick said.
Omnicane Ltd., a Mauritian sugar producer with interests in energy, advanced to the highest in a month after saying its loss narrowed in the second quarter.
Mauritian consumer inflation slowed to ta 2 1/2-year low in January as transport and communications costs held steady.
Mauritian stocks rose to a two-week high amid signs the global economy is recovering, boosting demand for riskier, frontier-market assets.