Mauritius-incorporated firm Phoenix Beverages Limited (PBL) has received approval to acquire a 28.15 percent stake in a local firm that manufactures alcoholic and non-alcoholic beverages.

The Stock Exchange of Mauritius (SEM) has opened a window for Kenyan investment banks and stockbrokers to trade on its market platform, potentially opening up new offshore investment options in the Indian Ocean island State.

Shareholders of Fidelity Commercial Bank Ltd (FCBL), which was acquired by Mauritius-based banking group SBM Holdings in 2017 have jumped the first hurdle after a judge declined to stop a case they have filed before the High Court seeking a Sh2.5 billion compensation.

Mauritius-based Grit Real Estate Income Group Limited (SEM:DELC, SEM:DELN) has announced plans to expand its Kenyan footprint via a hospital and data centre projects whose construction will start later this year.