Malagasy tycoon Mamy Ravatomanga denied bail again in Mauritius
A Mauritius court has refused bail to Mamy Ravatomanga, held for almost a year in a money laundering case. His lawyers will appeal.
Mauritius
Malagasy tycoon Mamy Ravatomanga's wife says his jailing in Mauritius is "political elimination"
The wife of jailed Malagasy tycoon Mamy Ravatomanga says his prosecution is a political hit, days before a Mauritius court rules on his bail request.
Malagasy tycoon Mamy Ravatomanga's workers want to know if they will still be paid
Staff at Sodiat, the Malagasy group owned by jailed tycoon Mamy Ravatomanga, met the court official now running it to ask about wages and layoffs.
Malagasy tycoon Mamy Ravatomanga is charged over five Boeings that were flown to Iran
Five Boeing 777s registered in Madagascar ended up with a sanctioned Iranian airline. The trial of 33 defendants has been put back to Oct. 27.
Mauritius says Malagasy billionaire Mamy Ravatomanga plotted a sea escape in $156 million case
Mauritius says Mamy Ravatomanga planned to leave by sea and made illicit calls from prison. His lawyer calls it conjecture with no evidence behind it.
Madagascar tycoon Mamy Ravatomanga seeks bail in $155 million Mauritius laundering case
Mauritius prosecutors oppose bail for Malagasy tycoon Mamy Ravatomanga, alleging state capture and $155 million in money laundering.
Mauritian tycoon Arnaud Lagesse bets on African consumers as IBL revenue tops $2 billion
Mauritian tycoon Arnaud Lagesse is steering IBL Group deeper into African consumer markets, where East Africa now supplies 37% of group revenue.
Madagascar tycoon Mamy Ravatomanga has spent seven months in jail without formal charge
Malagasy tycoon Mamy Ravatomanga has spent seven months in a Mauritian prison on provisional charges, with prosecutors yet to file any formal accusation.
Luxury hotel operator controlled by Mauritian Lagesse family posts $127 million half-year revenue
LUX Island Resorts posts $127 million half-year revenue as tourist arrivals boost occupancy and profits across Indian Ocean resorts.
Madagascar business magnate Mamy Ravamatoga arrested in Mauritius
Mauritius detains Madagascar business magnate Mamy Ravatomanga over suspected money laundering and Boeing jet transfer to Iran.
Mauritian conglomerate CIEL led by Arnaud Dalais launches $31 million sustainability-linked bond
Mauritian conglomerate CIEL raises US$31 million through a sustainability-linked bond under Arnaud Dalais, targeting women empowerment, emissions and water use reductions.
Tourist arrivals help Mauritian Lagesse family-controlled LUX Island post $12.5 million profit
This boost in profit comes alongside a 16 percent increase in revenue, which rose from $99.6 million to $115.7 million in the first half of the year.
IBL Group to offload stake in Mauritian bank to Access Holdings’ UK subsidiary
Mauritian conglomerate led by Arnaud Lagesse seeks to unlock value from early investment in regional bank.
Mauritius-based CIEL records $109.3-million profit in 2024
This was fueled by disciplined cost management across the group’s business clusters, solidifying its standing as one of the largest and most profitable conglomerates in Mauritius.
Mauritian tycoon Hector Espitalier-Noel’s ENL Limited reports $2.4-million profit surge amid strong diversification
Espitalier-Noel’s ENL Limited posts a 24-percent profit increase, reaching $2.4 million, driven by successful diversification in key sectors like hospitality, real estate, and commerce.
Adenia partners enters Egypt, strengthening African presence
This marks the firm’s eight location across the continent and underscores its commitment to responsible investing and sustainable development in Africa.