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Bank One Limited

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    • Margaret Soi, Head of Offshore Banking - Mass Affluent Offshore
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Source: Bank One Limited |

The rise of the mass affluent in Africa and how banks can best respond to their needs (By Margaret Soi)

The continent’s middle class is expected to spend US$2.1 trillion by 2025 and US$2.5 trillion by 2030, thus creating a further upward momentum in the demand for goods and services

By Margaret Soi, Head of Offshore Banking - Mass Affluent Offshore The purchasing power of Africa’s middle class is expected to grow significantly in the coming years: the continent’s middle class is expected to spend US$2.1 trillion by 2025 and US$2.5 trillion by 2030, thus creating a further upward momentum…

Bank One Limited
Source: Bank One Limited |

How international banking from Mauritius is transforming the economic landscape in Sub-Saharan Africa

As global banks search for international projects spread across the world, it creates a window for banks based on African soil, such as those in Mauritius, to leverage upon opportunities emerging on the continent

Thavin Audit, Acting Head of International Banking, Bank One (https://International.BankOne.mu), talks about the key role that Mauritius-based banks are playing in Africa by structuring transactions through their international banking divisions to shape investor interest and channel funds towards impactful projects being run by Financial Institutions (FIs), Central Banks, Sovereigns, and…

Bank One Limited

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    • Gerald Ndosi, Head of Trade, Bank One
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    • The future of trade finance in sub-Saharan Africa amidst hard currency challenges
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Source: Bank One Limited |

The future of trade finance in sub-Saharan Africa amidst hard currency challenges

With foreign exchange shortages plaguing sub-Saharan African economies, Bank One’s Head of Trade, Gerald Ndosi, explains what measures can be taken to overcome US dollar liquidity challenges, promote trade finance, and foster sustainable economic growth in the region

International Trade is conducted in the currencies of major economic powers, largely the US dollar, European Union Euro, Japanese Yen, Chinese Yuan, and UK Pound Sterling. Thus, these currencies clearly have a major impact on how trade is conducted across borders globally, including on the African continent. By the same…

Bank One Limited

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    • CFI.co Awards 2022 (Indian Ocean): Bank One receives the “Best International Banking Services” title for the third year in a row
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Source: Bank One Limited |

CFI.co Awards 2022 (Indian Ocean): Bank One receives the “Best International Banking Services” title for the third year in a row

Each year, CFI.co seeks out industry leaders that contribute significantly to the convergence of economies and truly add value for all stakeholders

Bank One (www.BankOne.mu) is pleased to announce that its International Banking segment has been named “Best International Banking Services in the Indian Ocean” for the year 2022 by CFI.co. The title which is the third consecutive award from CFI.co, demonstrates the strong commitment of Bank One to support individuals and…

Bank One Limited
Source: Bank One Limited |

How the African Continental Free Trade Area (AfCFTA) promises to improve labour mobility, spur wealth creation in Africa (By Margaret Soi)

Policymakers say that the free movement of labour will be a key contributor to the successful functioning of the free trade area and realising the above benefits for workers

By Margaret Soi, Head of Cross Border Banking at Bank One Limited (www.BankOne.mu) The African Continental Free Trade Area (AfCFTA) was signed on 21st March 2018 in Kigali, Rwanda, by 44 out of the 55 African countries, and brokered by the African Union (AU). This agreement was born of the realisation that…

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    • Mark Watkinson, CEO of Bank One in Port Louis Mauritius
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Source: Bank One Limited |

Fitch Rates Bank One 'BB-' with a Stable Outlook

The rating provides both investors and customers with an independent and verified view of Bank One’s credit standing

Bank One (www.BankOne.mu) is pleased to announce that it has received a Long-Term Issuer Default Rating (IDR) of 'BB-' with a Stable Outlook from Fitch Ratings for its first rating exercise. The rating was made public by Fitch Ratings (London) on 27 June following a thorough evaluation of Bank One…

Bank One Limited
Source: Bank One Limited |

Global Retail Banking Innovation Awards 2021: Bank One Elite Banking awarded “Best Mass Affluent Banking Offering” for its Cross-border Services

The “Best Mass Affluent Banking Offering” title recognises the efforts of Bank One in serving mass affluent customers

Bank One (www.BankOne.mu) announced that it won the Best Mass Affluent Banking Offering award in the Service Innovations category at the Global Retail Banking Innovation Awards 2021 (GRB21) organised by the Digital Banker. Every year, The Digital Banker celebrates “the world’s most cutting-edge retail banks that are pioneering unrivalled standards…