Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Stock

Mauritius holds election with cost of living on everyone’s minds

by
November 10, 2024
in Stock
0
Mauritius holds election with cost of living on everyone’s minds
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

By Villen Anganan

PORT LOUIS (Reuters) – Mauritius holds a parliamentary election on Sunday with incumbent Prime Minister Pravind Kumar Jugnauth and his main rivals all promising to tackle a cost of living crisis in the Indian Ocean archipelago.

The country of about 1.3 million people markets itself as a link between Africa and Asia, deriving most of its revenues from a flourishing offshore financial sector, tourism and textiles.

It has forecast 6.5% economic growth this year compared with 7.0% last year but many voters are not feeling the benefits.

Jugnauth’s Alliance Lepep coalition has promised to raise minimum wages, increase pensions and reduce value added tax on some basic goods.

It says it will use payments from the UK under an October agreement for Britain to cede the Chagos Islands while retaining the US-UK Diego Garcia air base.

Mauritius also receives aid from China.

“The alliance led by the prime minister is selling the economic prosperity card, with promises of more money to different segments of the population,” said political analyst Subash Gobine.

The opposition is also pledging to increase pensions as well as introduce free transport and internet services and reduce fuel prices.

It is dominated by the Alliance du Changement coalition led by Navin Ramgoolam and two other parties running in the Linion Reform alliance whose leaders, Nando Bodha and Roshi Bhadain, plan to alternate as prime minister if they win.

“It is the youths who will make the difference in these elections,” voter David Stafford, 36, said in the capital Port Louis, explaining that people were looking for economic innovation and job opportunities as much as fiscal changes.

Just over a million people are expected to choose lawmakers for the islands’ 62 seats in parliament for the next five years from a list of 68 parties and five political alliances.

Last week, Jugnauth’s government blocked social media platforms until a day after the election, when results are expected, citing national security concerns after conversations between public figures were leaked. It lifted the ban a day later after opposition parties criticised the move.

Voting starts at 0300 GMT on Sunday and closes at 1400 GMT. Whichever party or coalition gets more than half the seats in parliament also wins the prime minister’s post.

This post appeared first on investing.com
Previous Post

UMG says Pershing does not have right to require Amsterdam delisting

Next Post

Exclusive-US ordered TSMC to halt shipments to China of chips used in AI applications, source says

Next Post
Exclusive-US ordered TSMC to halt shipments to China of chips used in AI applications, source says

Exclusive-US ordered TSMC to halt shipments to China of chips used in AI applications, source says

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

October 31, 2024
Starbucks moves to the next phase in its turnaround: Winning over employees

Starbucks moves to the next phase in its turnaround: Winning over employees

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
Starbucks moves to the next phase in its turnaround: Winning over employees

Starbucks moves to the next phase in its turnaround: Winning over employees

June 17, 2025
Trump made millions on guitars, Bibles and watches with his name on them, disclosure reveals

Trump made millions on guitars, Bibles and watches with his name on them, disclosure reveals

June 16, 2025
Anne Wojcicki to buy back 23andMe and its data for $305 million

Anne Wojcicki to buy back 23andMe and its data for $305 million

June 16, 2025
Trump says national security concerns in Nippon-U.S. Steel deal can be resolved

Trump says national security concerns in Nippon-U.S. Steel deal can be resolved

June 15, 2025

Recent News

Starbucks moves to the next phase in its turnaround: Winning over employees

Starbucks moves to the next phase in its turnaround: Winning over employees

June 17, 2025
Trump made millions on guitars, Bibles and watches with his name on them, disclosure reveals

Trump made millions on guitars, Bibles and watches with his name on them, disclosure reveals

June 16, 2025
Anne Wojcicki to buy back 23andMe and its data for $305 million

Anne Wojcicki to buy back 23andMe and its data for $305 million

June 16, 2025
Trump says national security concerns in Nippon-U.S. Steel deal can be resolved

Trump says national security concerns in Nippon-U.S. Steel deal can be resolved

June 15, 2025

Disclaimer: WallStreetJedi.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 wallstreetjedi.com | All Rights Reserved