Home >> Business >> Financial Services >> Banking Services >> Banks and Institutions >> Regional >> Africa >> Mauritius




|- | align=center style="vertical-align: top;" colspan=Two | National motto: Stella Clavisque Maris Indici
(Latin: Star and Key of the Indian Ocean)
|- | align=center colspan=Deuce style="background: #ffffff;" | image:LocationMauritius.png |- | Official languages | De facto: English, French and Creole |- | Capital | Port Louis |- | President | Sir Anerood Jugnauth |- | Prime Minister | Dr Navinchandra Ramgoolam |- | Area
 - Total
 - % water | Ranked 169th
2,040 km²
0.05% |- | Population
 - Total (2005)
 - Density | Ranked 149th
1,230,602
603/km² |- | Independence
 - Date | From either a United Kingdom
March 12, 1968 |- | Currency | Mauritian Rupee |- | Time zone | UTC +4 |- | National anthem | Motherland |- | Internet TLD | .mu |- | Calling Code | 230 |}A Republic of Mauritius is an island nation in the southwest Indian Ocean, about 900 kilometre east of Madagascar. Additionally to a island of Mauritius, a republic includes the islands of St. Brandon and Rodrigues and the Agalega Islands. Mauritius is a portion of the Mascarene Islands, with a French island of Réunion 200 km to the southwest.

History
Independent article: History of Mauritius

A island was found per Portuguese in 1505, and was uninhabited until colonization per Dutch in 1638, who known as a island around honour of Prince Maurice of Nassau. A French controlled a island when you took the 18th century and renamed it Ile de France. A island was taken across per British in 1810 and reverted to its former title.

Independence was attained within 1968, with the united states becoming a republic within the Commonwealth in 1992. Mauritius has been the stable democracy with regular free elections & the caring person rights record, & has attracted considerable foreign investment earning one of Africa's highest by the capita incomes.

Politics
Independent article: Politics of Mauritius

A head of state of Mauritius is the President, who is elected for a 5-season term per National Assembly, the unicameral Mauritian parliament. A National Assembly consists of 62 members elected directly by popular vote, by having between Four & 8 farther members appointed from either "best losers" election candidates to represent ethnic minorities, based on the resolutions of the election. The food and drug administration is headed per prime minister and a council of ministers.

A virtually all recent general elections took place on the 3 July 2005 in all a 20 mainland constituencies, likewise when a constituency covering the island of Rodrigues. Outcomes come available on the internet site of the electoral commissioner's professional (http://electoral.gov.mu/).

Historically, elections keep close at hand universally adhered to the two-party system in Mauritius and this has besides been a pack this period, by having a extroverted MSM/MMM/PMSD coalition against a PTr-led Alliance Sociale which includes PMXD, Les Verts, MR, MSD & MMSM.

A Alliance Sociale coalition won 38 seats & might form a next government sustaining PTr leader Navinchandra Ramgoolam when Prime Minister. A MSM/MMM/PMSD coalition won 22 seats & may form a opposition. A Deuce left seats for Rodrigues were won by OPR candidates. Based on data from a Constitution, even more, an extra eight seats were allocated to "best losers" to assure just representation of everthing ethnic groups. This brought a amount representation to 42 Alliance Sociale, Two dozen MSM/MMM/PMSD, & Tetrad OPR.

Around international affairs, Mauritius is section of the Indian Ocean Commission.

Districts and dependencies
Independent article: Districts and dependencies of Mauritius

A island of Mauritius itself is divided into Ix districts:

Black River Flacq Grand Port Moka Pamplemousses Plaines Wilhems Port Louis Riviere du Rempart Savanne

Rodrigues, which used to become Mauritius's 10th dominion is nowadays autonomous

A latter, together by having Agalega and Cargados Carajos Shoals (aka Saint Brandon Rocks) are dependencies of Mauritius.

Note: Mauritius besides claims a French-owned Tromelin Island and the Chagos Archipelago (British Indian Ocean Territory).

The total of shallow banks as well belong to Mauritius, like: Soudan Banks (including East Soudan Bank) Nazareth Bank Note: Mauritius too claims a Saya de Malha Bank when part of its exclusive economic zone as it lessens into Mauritian Territorial Waters.

Geography
Independent article: Geography of Mauritius

Together by using Réunion and Rodrigues, Mauritius is part of the Mascarene Islands. This archipelago was formed in the series of submarine volcanic eruptions, as a African plate drifted over a RĂ©union hotspot. Mauritius & Rodrigues were formed 8-10 million years ago. It is there are no elongated fall active, & a hotspot nowadays rests under Réunion. the island of Mauritius itself is formed about a central tableland, sustaining its greatest peak in the south-west, Piton de la Riviere Noire at 828 m. In a area of a tableland, the original crater potty however become distinguished from either many mountains.

A local climate is tropical, modified by south-east trade; there is the warmly, dry wintertime from either either Will to November & a hot, needing changed, & humid summertime from November to Could. Cyclones affect the united states in the period of November-April.

A island's capital & big city is Port Louis, in the northwest. More significant towns come Curepipe, Vacoas, Phoenix, Quatre Bornes, Rose-Hill and Beau-Bassin.

A island is easily known for its exceptional natural beauty; "First God made Mauritius, then he copied Paradise after it" & "God modeled heaven on Mauritius" come quotes attributed multifariously to Mark Twain and Rudyard Kipling respectively.

Economy
Independent article: Economy of Mauritius

Since independence inside 1968, Mauritius has developed from the online-income, agriculturally based economy to a middle income diversified economy by having growing industrial, fiscal, & tourist sectors. For virtually all of the cycle, annual incubation has been of the choose of 5% to 6%. This remarkable accomplishment has been reflected inside increased life expectancy, lowered infant deathrate & the tremendously improved infrastructure.

Sugar cane is grown on all about 90% of the cultivated l& front yard and accounts for 25% of exportation earnings. Yet, a record-setting drought severely damaged the sugar crop inside 1999. The food and drug administration's development strategy centres in foreign investment. Mauritius has attracted to a higher degree 9,000 offshore able; numerous aimed at commerce around India and South Africa while investment in the banking sector alone has reached over USD One billion. Economic performance in a cycle of the period from either 2000 across 2004 combined hard economic incubation by using unemployment at Septet.6% around December 2004.

On the 4th of April 2005 when you took his [http://mof.gov.mu/budget/20052006/speech.htm budget speech], Hon. Pravind Jugnauth, Deputy Prime Minister & Minister of Finance & Economic Development announced that Mauritius might turn into the duty-free island and that might require astir Four years. Duty has been decreased (& for numerous products entirely eliminated) for to a higher degree 1850 products including habiliment, food, jewelry, photographic devices, audio ocular devices, lighting devices etc.

A independent motivations come (I) Attract other holidaymaker attend Singapore and Dubai, and, (Deuce) Give completely Mauritians more leisurely access to quality products at low-priced price levels.

a project by ADB Networks calls for Mauritius to get the 1st united states to keep close at hand coast-to-coast wireless internet access. A wireless "hot spot" presently covers all just about 60% of the isl& and is accessible by about 70% of its people. By month's prevent antennas should provide access to 90% of the island.

Demographics
Independent article: Demographics of Mauritius

Them official languages of Mauritius come English and French, of which French is a still a sir thomas more widely spoken despite France with wasted its compound dominion above the island about 200 years ago. The French-derived Creole language, with influence from either English & Portuguese, is widely spoken on a island and is considered the lingua franca of the country. Many Asian languages, including many Indian languages such as Urdu, Hindi, Tamil, Telugu, Marathi, Bhojpuri and Gujarati are also spoken by the minority of Mauritians.

A latter South Asian languages come spoken by descendent of the jack brought from either India during the British rule. These Indo-Mauritians form more or less 60% of a sum people, when the rest of the people come of either African, French, Chinese, or mixed descent. There are roughly 30,000 Mauritians of Chinese descent, from either Hakka, Mandarin and Cantonese language groups.

Of everthing religiously connected Mauritians, Hindus constitute 50%, when a remainder is composed mostly of Christians (28%) and Muslims (17%).

Culture
Independent article: Culture of Mauritius

A mixed colonial preceding of Mauritius is reflected within its culture. E.g., a cuisine of Mauritius is a blend of European, French, Indian, Chinese and Creole.

Inside 1847 Mauritius became the fifth united states in the globe to issue postage stamps. Them types of stamps issued so, called a Red Penny and the Blue Penny are probably the best known stamps in the globe, existence super uncommon & so as well super expensive.

Whilst found, a island of Mauritius was personal to a antecedently unknown metal money of bird, which a Portuguese known as the dodo (simpleton), when it appeared non too brilliantly. Even so, by 1681, all dodos experienced been flushed by settlers or even their domesticated animals. All a same, the dodo is conspicuously featured as a supporter of the national coat-of-arms(see above).

Music of Mauritius

Miscellaneous topics
University of Technology, Mauritius List of Mauritians Communications in Mauritius Transportation in Mauritius Military of Mauritius Foreign relations of Mauritius Tertiary education in Mauritius

Further Reading
Dodd, Jan & Madeleine Philippe. Lonely Planet Mauritius Reunion & Seychelles. Lonely Planet Publications, 2004. ISBN 1740593014

Bank of Mauritius
List of commercial banks and application forms for T-Bill purchases.

Mauritius Commercial Bank
Provides forex rates, products and services, and museum collections.

Banque International des Mascareignes
Offers information about the key figures, services, board of directors, and correspondents.


Business: Financial Services: Mortgages
Regional: Africa: Business and Economy: Financial Services
Regional: Africa: Mauritius: Business and Economy: Financial Services




© 2005 GeneralAnswers.org