Mauritian banks are becoming beacons of growth and stability in sub-Saharan Africa. Unscathed by the vagaries of the oil price and unhindered by the political battles that have roiled some of their continental peers, the Indian Ocean island’s lenders have been bolstered by an economy growing faster than many of the mainland countries. The central bank expects the Mauritian economy to expand as much as 4% in 2017, compared with IMF projections for an average 2.6% for the continent. "Mauritius benefits from favourable business policies, which significantly enhance the appeal of the economy from a trade and investment perspective," said Craig Metherell, an analyst at Avior Capital Markets in Cape Town. "The stability the country offers is appealing when compared with other volatile African markets." Already considered by the World Bank as the easiest place to do business in Africa, Mauritius passed a law in May to promote cross-border trade and remove licensing bottlenecks, which may s...
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