Zanzibar ditches planned Chinese port at Mpiga Duri
A year ago, Tanzania confirmed two deep-water port concessions on the Zanzibar coast. But amid fraying relations between Dodoma and Beijing, one of them has been abandoned.
The Russian financier Alex Gerchik, ex-trader and briefly a reality TV star, has set up a subsidiary in Mauritius for his online trading platform. Companies of this type have mushroomed in the island's offshore hub as well in the Seychelles.
Amidst the uncertainties of the rand, many of South Africa's wealthiest are fearful for their assets, and the consultancy giant Maitland has been vaunting the offshore trusts that it can register for them in various financial hubs.
From 24 November to 4 December, the reputation of Botswana, Zimbabwe and Mauritius will lie in the hands of the Eastern and Southern Africa Anti-Money Laundering Group, a body of the global money laundering watchdog FATF.
The Harel family has sold its financial arm to Axis Fiduciary. The young trust company now finds itself up against the families firmly established in offshore finance on the island - Ah-Chuen, Lagesse, Dalais or Espitalier-Noel - as well as stiffer competition from international groups.
The Mauritian ABC Group conglomerate manages several Mauritian companies owned by Isabel dos Santos and her husband Sindika Dokolo. Headed by the son of its founder, ABC Group has been building up its offshore finance activities since the 2000s.