The Bank of Mauritius (BoM) is inviting request for proposal by sealed bids from eligible and qualified Bidders for the Maintenance and Repairs of Air Conditioning and Ventilating Systems at its main branch at Sir William Newton Street, Port-Louis. A mandatory pre-bid meeting will be held at the Bank main branch on August 4th, 2021, at 11:00. The purpose of […]
Auction of 91-Day, 182-Day and 364-Day Treasury Bills
Auction of 91-Day, 182-Day and 364-Day Treasury Bills The Central Bank of Kenya is putting 91-Day, 182-day and 364-Day treasury bills on auction this Thursday 29th July with the value dated set on next Monday 2nd August. The previous average interest rates of the bills were 6.477%, 6.955%, and 7.432%, respectively. What are Treasury Bills Treasury Bills are secure, short-term investments on […]
Auction of New Benchmark Three-Year Government of Mauritius Treasury Notes.
Under the section 5 of the Public Debt Management Act 2008, and section 57 of the Bank of Mauritius Act 2004, the Bank of Mauritius is happy to advertise the publishing of a New Benchmark Three-Year Government of Mauritius Treasury Notes that will be maturing on 27 July 2024 through an auction, which is to be held […]
The EAPO Regulation in 2021; What creditors and debtors need to know.
The EAPO Regulation adopted in Luxembourg has been established to facilitate cross-border debt recovery by creditors. This regulation allows the freezing of the debtor’s bank account maintained in any EU Member state by a single order issued by another EU member state. The regulation is binding in all EU member states except the UK and […]
Auction of new benchmark five-year Government of Mauritius Bonds 2021
According to the issuance plan dated April 22nd, 2021 and under section 5 of the Public Debt Management Act 2008 and section 57 of the Bank of Mauritius Act 2004, the Bank of Mauritius (BoM) is pleased to advertise the issue of a New Benchmark Five-Year Government of Mauritius Bonds. They will mature on May […]
Introduction of a Regulatory Framework to Facilitate Foreign Currency Borrowings by Licensed Finance Companies 2021
The Monetary Board of the Central Bank of Sri Lanka (CBSL) issued directions on foreign currency borrowings by Licensed Finance Companies (LFCs) on 9th April 2021 with a view to provide flexibility for LFCs to obtain low-cost funding from foreign sources to support their business expansions. The objectives of these directions are to stabilize any […]
FinTech in Seychelles 2021: Innovations to make the country an international hub
There are numerous initiatives underway in Seychelles to foster innovation in FinTech, including digital assets and services. The Central Bank of Seychelles (CBS) has embraced the rapid pace of Fintech, while ensuring it is properly regulated and subsequently help payment service providers to leverage technological innovations in the financial sector to maximize economic growth. The […]
Mauritius : Statement Of Guidance On Income Subject To Partial Exemption 2021
The Mauritius Revenue Authority on 27th January 2021 released a statement on income subject to partial exemption intended to provide clarifications to tax payers and practitioners on the application of partial exemption on specific income following amendments brought to the Second Schedule of the Income Tax Act by the Finance Act 2018 and to the […]
EU Open Banking and Open Finance Impact on Financial Services 2021
The European Commission, through its Data Strategy, has set a goal to build a Single Market for Data in Europe – an open data economy. It has also made fostering a data driven financial sector one of its priorities, including a commitment to present a proposal for a new Open Banking/ Finance Framework by […]
Fintech Trends as a Future for Banking 2020
The rate of disruption occurring in the financial services industry in an exceptional level, with increasingly more fintech organizations, climbing the positions and changing the manner in which innovation upgrades the experience of moving cash. For organizations in the financial services industry, the disturbance brought about by innovation drove changes has been relentless. The […]
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