Mauritian conglomerate IBL Group has bought an undisclosed stake in Nairobi-based pharmaceuticals distributor Harley’s as part of a consortium that has taken control of the company.

Mauritius-based property firm Grit Real Estate Income Group has leased two parcels of land at Tatu City for a total of $5.8 million (Sh707 million), initially holding the assets for capital gains.

Moody's Investors Service ("Moody's")  has today affirmed all ratings and assessments of the three rated Mauritian banks, namely: Mauritius Commercial Bank Limited ("MCB"), SBM Bank (Mauritius) Ltd. ("SBM Bank"), and Absa Bank (Mauritius) Limited ("Absa Mauritius"). As part of the same rating action Moody's has changed the outlooks to stable from negative on MCB's and SBM Bank's long-term deposit and issuer ratings. The outlook for Absa Mauritius' long-term deposit ratings remains stable.

The Stock Exchange of Mauritius (SEM) is going live on 13 May 2022, with a new high-end Automated Trading System (ATS), developed by Securities and Trading Technology (STT), a global provider of financial market solutions and software-enabled services. Along with the new ATS, SEM will also launch a new fully-responsive mySEM app with a new-look and feel, as well as new functionalities.