Mauritius plans trading platform to hedge African currencies against US dollar

Mauritius plans to launch a trading platform to hedge African currencies against the U.S. dollar, part of a bid to expand its role as a financial hub for the continent, the financial services minister said.

The Indian Ocean island is also in talks to boost ties with stock exchanges in Johannesburg and Nairobi to encourage cross-listing of shares and other areas of cooperation, Sudarshan Bhadain told Reuters in an interview.

We see the focus has to change in terms of more tangible, real investments which are taking place in Mauritius
The international financial services sector in Mauritius has relied heavily on dealings with India, helped by a double taxation avoidance treaty that made the island the biggest route for foreign investment into India.

Read more: Mauritius plans platform to hedge African currencies against U.S. dollar | North Africa

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