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Mauritius Commercial Bank Ltd. said the withdrawal of global lenders from the continent is providing the Indian Ocean island nation's biggest financial institution growth momentum in niche markets.
Mauritius will host the headquarters of the Africa Credit Rating Agency, a new continental initiative to provide alternative assessments of repayment risk that will start operating by the second quarter of 2026.
Mauritius's first female central bank governor vowed to rebuild confidence in the institution after it endured months of internal wrangling, and take a "data-driven" approach to monetary policy.
The Mauritian government appointed a new governor and second deputy governor of the central bank, changes that are aimed at bringing an end to months of internal wrangling at the institution.