Women entrepreneurs' 0.5% loans are quietly repriced to 4.75%
From 0.5% to 4.75%. That is the new rate women entrepreneurs say the Development Bank of Mauritius (DBM) is applying to loans of up to Rs 1.2 million under the Women Entrepreneur Loan Scheme, even on files handed in months ago.
One applicant says she submitted on 19 May and finished every formality by 25 June, before the 2026/27 Budget, yet the bank only looked at her file internally in July and now says the new terms apply. The women want one thing settled: does a scheme's rate lock at the date you apply, or the date the bank gets to you?
The fight is less about the rate than the retroactivity, terms shifting after the file was complete.
Ali Mansoor warns of a 15-year economic cliff for Mauritius
Ali Mansoor, a former Financial Secretary and economist, says Mauritius is heading for an economic "precipice" within 15 years unless the fundamentals change. His worry is not next quarter's growth number. The leaks are structural.
Mansoor points to two things, chronic trade deficits that leave the island importing far more than it sells abroad, and a system of governance he considers too centralised to adapt quickly. Both, he argues, are slow drains that sink economies over decades, not months.
The timeline is the useful part. Fifteen years is long enough to fix, and long enough to keep ignoring.
Intelligence chief Madhow is shifted to the south
The government has shifted Deputy Commissioner of Police Mohunlall Madhow, head of the National Security Service (NSS), the country's main intelligence arm, to the Southern Division, and named Rajeshwar Ramsawock to hold the post on an interim basis. Nobody has explained why the move comes now. Reshuffles at the top of the service rarely stay quiet for long.
Tougher penalties loom for driving on drugs
Driving under the influence of drugs could soon carry stiffer penalties, under a road safety push the government is branding "Sekirite Nou Priorite," Creole for safety is our priority. Officials say drug-driving has slipped through rules written mainly for alcohol, the plan is to close that gap with tougher sanctions and clearer testing.
Shorts
A court convicts a doctor a second time – A court convicts Dr Nishan Moheeputh in a second indecent assault case, months after his first.
A ransom call from her own son – A Poste-de-Flacq mother got calls from her son demanding a Rs 1.4 million ransom.
162 tickets in a Goodlands bike sweep – Police impounded 16 motorcycles and wrote 162 tickets in a Goodlands crackdown on illegal races.
Mauritius courts the Chinese market – At Guangzhou's big food fair, Mauritius is pushing to widen its access to Chinese buyers.
The FCC puts seized cars and boats up for auction – The FCC is auctioning cars, boats and trucks it seized, with real estate to follow.
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