Business updates

The Mauritius Chamber of Commerce and Industry (MCCI) has signed a Memorandum of Understanding (MoU) with CareEdge Global IFSC Limited on Wednesday 27 August 2025, to foster collaboration in knowledge sharing, capacity building, and joint initiatives supporting infrastructure, trade, and investment linkages between India and Mauritius.

The MoU was signed by Dr. Drishtysingh Ramdenee, Secretary General of the MCCI, and Mr. Aakash Jain, Head – Corporate Affairs and Strategic Business Partnerships at CareEdge Ratings, during the 20th Confederation of Indian Industry (CII) India Africa Business Conclave in New Delhi.

"This MoU reflects our commitment to extending CareEdge's research and analytical expertise to new geographies and to creating platforms for knowledge exchange," said Mehul Pandya, MD & Group CEO of CareEdge Group. "Mauritius plays a pivotal role as a bridge between Africa and Asia, and our partnership with MCCI is a step towards unlocking greater opportunities for businesses and investors on both sides."

"The MCCI is committed to fostering international partnerships that bring value to our members and to the Mauritian economy at large. By partnering with CareEdge Global, we gain access to high-quality sectoral insights and a platform for joint initiatives", commented Dr. Drishtysingh Ramdenee.

Mr. Saurav Chatterjee, Director & CEO of CARE Ratings (Africa), noted: "This partnership is a significant step in deepening economic and knowledge linkages between Mauritius, Africa, and India. At CareEdge Africa, we see this collaboration as an opportunity to bring global best practices in credit assessment, research, and capacity building to the region."

The collaboration is designed as a knowledge-led initiative focused on creating sustained engagement that blends analytical rigour with capacity building, particularly supporting SME development and establishing structuring opportunities through Mauritius to African markets.

CareEdge Global IFSC Limited is the first Credit Rating Agency registered and authorised by the International Financial Services Centres Authority (India) and is part of the CareEdge Group, whose parent company CARE Ratings Limited is India's second-largest rating agency.

Caption

From Left to Right: Mr. Saurav Chatterjee, Director & CEO of CARE Ratings (Africa), Mr. Aakash Jain, Head – Corporate Affairs and Strategic Business Partnerships at CareEdge Ratings, Hon. Michaël Sik Yuen, Minister of Commerce and Consumer Protection, Dr the Hon. Mrs. Jyoti Jeetun, Minister of Financial Services and Economic Planning and Dr. Drishtysingh Ramdenee, Secretary General of the MCCI.