Eversheds LLP is expanding in Africa by combining with law firms based in South Africa and Tunisia.
Borrowing costs for Mauritian 10- year debt advanced to the highest in 12 months after the central bank raised its inflation outlook for the Indian Ocean island nation.
Essar Energy Plc, an Indian oil and gas producer, rose the most in more than a year in London trading after saying its billionaire owners Ravi and Shashi Ruia plan to sell shares to bolster liquidity.
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.
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 stocks rose to a two-week high amid signs the global economy is recovering, boosting demand for riskier, frontier-market assets.
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.