It is indeed becoming quite a refreshing season, especially as this event today signals the entry into the domestic banking scene of the British American Investment Group – a Mauritian conglomerate with a well-established presence in other segments of the financial sector, both locally and overseas and, which, based on total assets, ranked 9th in the local business league in 2007.
1 So, on this new breeze, we have insurance, foreign exchange, leasing, and much else. I therefore see this event having more far-reaching consequences going well beyond the domestic financial sector and reflecting the broader economic ambitions of the country. For we need banks, not just in the business of money lending, but at the heart of sustained economic and social development.