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CIEL GROUP REPORTS INCREASED PROFITS FOR THE FIRST QUARTER ENDED 30 SEPTEMBER 2023

Key highlights

The strategy execution across regions led to a strong financial performance

Longtemps montrées du doigt pour les conséquences sociales et environnementales de leurs activités, les entreprises multiplient les actions en matière de durabilité. Pour le Group Head of HR and Sustainability du Groupe CIEL, il faut plus qu’un engagement pour avoir un impact positif réel. La question de la durabilité doit être stratégique, c’est-à-dire que les initiatives doivent être mesurées mais surtout intégrées aux objectifs mêmes de performance. 

CIEL Group delivers strong double-digit revenue growth across the portfolio leading to a solid net profit of
MUR 2.84 bn for the nine months to 31 March 2023

CIEL Textile et l’Université de Maurice ont conclu un protocole d’accord (Memorandum of Understanding) pour une collaboration privilégiée en matière de recherche et de formation professionnelle. La cérémonie de signature s’est tenue ce mercredi 3 mai au campus de Réduit. Ce MoU permettra au groupe textile d’être accompagné par les équipes académiques dans ses réflexions sur les défis de l’industrie et aux étudiants d’accéder plus facilement au marché de l’emploi.

CIEL a tenu, pour la première fois, un Women Forum ce 8 mars, pour mobiliser l’ensemble de ses cadres féminins autour d’une initiative visant à faciliter leur avancement au sein du groupe. Un travail qui a démarré il y a un peu plus d’an.

Groupe mauricien d’investissements diversifiés coté à la bourse de Maurice depuis 2014, le groupe Ciel est présent dans 6 secteurs d’activités. Après avoir débuté dans l’exploitation de la canne à sucre en 1912, le groupe s’est lancé dans le textile dans les années 70 et s’est diversifié par la suite dans les domaines de la finance, de la santé, de l’hôtellerie et de l’immobilier.

Guillaume Dalais nommé Deputy Group Chief Executive du Groupe CIEL

Dans le cadre de son plan de succession, le Conseil d’Administration du Groupe CIEL a annoncé la
nomination de Guillaume Dalais en tant que Deputy Group Chief Executive à compter du 1er Janvier
2023.

For the year ended 30 June 2022, CIEL Limited reported a robust set of financial results, notwithstanding the backdrop of macroeconomic disruptions and a weakening global economy. 

Mauritius-listed African investment company CIEL Limited (CIEL.N0000) delivered its best year-to-date results since the COVID-19 pandemic, surpassing its previous performance just as it celebrates its 110th anniversary. 

In the nine months to 31 March 2022, CIEL’s revenue grew 51% to USD 475 million, with an EBITDA margin increasing to 16.8% from 12.2% in the prior-year period.

In the nine months to 31 March 2022, CIEL achieved 51% revenue growth while delivering robust EBITDA margins and improved Free Cash Flows. Third quarter earnings confirm a solid year-to-date trajectory, notwithstanding the ongoing logistical and pandemic-related challenges in certain sectors as well as the indirect impacts from the Ukraine/Russia conflict on cost inflation.

Se réinventer, expérimenter, inspirer, saisir de nouvelles opportunités ; l’innovation est au cœur de la stratégie du Groupe.

CIEL encourage cet esprit « intrapreneurial » depuis toujours parmi ses collaborateurs. En lançant il y a trois ans le CIEL Innovation Awards, le Groupe est venu catalyser une culture d’innovation, stimuler les idées et faire émerger des projets impactants au sein du Groupe.

In the first six months of the 2021-2022 financial year, CIEL reported strong growth and improved profitability. This rebound highlights CIEL’s competitiveness in fast-growing international markets and its pertinent strategic positioning. The agility of the group and its capacity to rebound is reflected in the 5.8 percentage point increase in the EBITDA margin to 17.1%. The continued upward trend in profit after tax further demonstrates the effectiveness of its business models which combined with strong cost management discipline and conclusive restructuring has helped the group successfully navigate the last two years of the pandemic.

With the vision to promote the development of women at work and an ambitious target of 35% of women at management level by 2030, CIEL Go Beyond gender programme is being rolled out across the Group. Check out the pictures of the first CIEL Textile ‘Go Beyond Gender’ forum where top leaders and participants across Mauritius, India, Madagascar and Bangladesh were gathered. Sub-working groups will now be tackling specific topics with the view to implement action plan across the organisation.

Teams from the different clusters of CIEL showcased their innovative projects and ideas to our jury under one of the three categories: DigitalTransformation, ReinventingCustomerExperience and SustainableSolutions. This 2nd edition and the high quality of projects and ideas presented is a testimony of CIEL’s commitment to Go Beyond and how we are embracing change through innovation across the Group.

The decisive actions taken by CIEL in response to the global pandemic in early 2020 have enabled the Group to emerge stronger and leaner out of the crisis. Group revenue of MUR 17.9 bn and EBITDA of MUR 2.7 bn resulted in an EBITDA margin of 15.1% for the financial year ended 30 June 2021 (2020: 14.6%), despite revenue that has not yet fully recovered to pre-pandemic levels. CIEL’s profit after tax for the year stood at MUR 446M compared to MUR 2,178M losses in the prior period.

More than 20 women working across various business clusters of the Group gathered to share their work and life experiences around topics related to women empowerment and leadership, in the presence of Christine Sauzier, Sheila Ujoodha and Delphine Ahnee. One more step towards increasing gender equality and enabling economic growth and human development!

A full year now has elapsed since the start of the global COVID-19 pandemic which caused recurring periods of lockdowns as well as travel and operating restrictions in Mauritius and abroad. In this year like no other, CIEL Group’s results continue to show resilience. The particularly good performance of the Textile, Healthcare and Agro & Property clusters reflect the benefits of the Group’s diversified investment portfolio and geographical footprint.

Jean-Pierre Dalais, and Patrick Lee, CEO of MITCO Group answered few questions on the Group’s strong relationship with France, the impacts and economic recovery post COVID-19, and high-end services provided in the Global Business and Corporate Services sector, respectively.

Aiming to track our progress against our objectives - which have been announced in CIEL’s 2020-2030 Sustainability Strategy, the 2019-2020 Sustainability dashboard will allow our teams to accelerate the Group’s sustainability efforts and #GoBeyond waste pollution, gender equalities, climate change, biodiversity loss and social inequalities.

Dans une interview accordée au journal Le Défi Plus, Jean-Pierre Dalais partage son opinion sur les conditions de la relance et le développement économique futur.

CIEL published today its results for the first semester ended 31^st of December 2020. The Group is demonstrating tangible recovery from the unprecedented disruption caused by the coronavirus pandemic outbreak nearly a year ago. While the Hotels & Resorts cluster will continue to weigh on the Group’s profits until the complete restart of the industry, CIEL’s positioning in international markets and strategic segments shows strong operational results, particularly from its Healthcare and Agro & Property clusters but also its Finance cluster.

A curriculum vitae (CV) is the Latin word for "the course of your life”. Leonardo da Vinci invented the first professional profile in 1482, which we call as the résumé. Since then, it has been used extensively in the recruitment process. However, does the curriculum vitae as we’ve known it for centuries stand in 2019? Shelan our Talent Acquisition Specialist tells us more about the do’s and don’ts in designing a CV today.

CIEL Sustainability Champions from CIEL's five industry clusters gathered at Ferney Falaise Rouge on May 14th in a participatory workshop-style forum to share their knowledge, experiences and lessons learnt in sustainable practices. The forum provided a platform for cross-fertilisation and learning and an opportunity to leverage initiatives for greater impact across CIEL’s diversified group.

If you have interviews coming up, these tips are for you. From pre-interview preparation to post-interview follow up, Shelan’s tips will help you be the best of yourself. Remember, your enthusiasm and attitude will reflect a lot of your personality. Herewith below is how you can secure your dream job.

L’approche de CIEL en matière de développement durable récompensée par le Comité de Surveillance de la bourse de Maurice. Le Groupe a affiché un score moyen de 80.34% dans les 4 catégories visées par le SEMSI - la Bonne Gouvernance, l’Economie, l’Environnement et le Social - indiquant une bonne performance générale. CIEL Limited, la holding du Groupe et membre du SEM 10, sera donc officiellement listée sur le Stock Exchange of Mauritius Sustainability Index (SEMSI) à partir du vendredi 29 mars.

On the occasion of the 51st Anniversary of the Independence of Mauritius, CIEL Group has carried out various activities across its clusters. This calendar of activities translates CIEL’s commitment to its values: People at Heart, Excellence at Core and Ethical and Sustainable.

51 ans depuis que notre île Maurice a accédé à son Indépendance. Quel chemin parcouru ! Une histoire portée par l’ambition et la vision d’un peuple résilient, ouvert aux autres et tourné vers l’avenir. Bravo à vous citoyens, qui chaque jour, contribuez à l’avancement de notre île par votre passion, votre engagement et votre désir de Go Beyond. Alors que nous marquons, aujourd’hui, une journée fortement symbolique pour tout un peuple, j’ai voulu, humblement, vous partager mes observations.

A balanced world is a better world! As we celebrate the International Women’s Day, it is important for all of us to reflect on and celebrate women’s achievements. We strive as an employer to provide the environment that allows both men and women to grow as we see talent before gender. We are proud to share with you some of the many success stories driven by women at CIEL.

Gestion des Ressources Humaines : Le développement des talents est une des priorités du Groupe CIEL. D'où la mise en place du concept "Talent & Culture". Questions à Jean-Pierre Dalais, Group Chief Executive Officer de CIEL par Lindsay Prosper pour le journal l'Express.

L’édition 2018 du Marché de Noël poursuit sur sa lancée 2017 avec le concept de « marché itinérant, » c’est-à-dire qu’il se tient dans deux lieux différents pour atteindre un plus large et différent public. Organisé depuis 2011 par la Fondation CIEL Nouveau Regard (FCNR) et ACTogether.mu (plateforme gérée et financée par la FCNR), le Marché de Noël Solidaire met à l’honneur le travail d’artisans issus du milieu associatif. Ces derniers travaillent de toute manière déjà tout au long de l’année, au cœur d’ateliers créatifs bien structurés, sur des programmes à visée thérapeutique et/ou visant à les renforcer en capacités. L’intégralité des recettes revient aux ONG participantes : OpenMind, Friends in Hope, Autisme Maurice, Centre de Formation Canne en Fleur, Etoile d'Espérance, Le Pont du Tamarinier, Atelier de Formation - Joie de Vivre, Baz'Art Kreasion, Localhands et Fondation pour l'Enfance - Terre de Paix.

C’est au travers une chanson que 11 collaborateurs du Groupe CIEL ont décidé de faire bouger les lignes. L’aventure commence en mai de cette année, avec le lancement de la plateforme www.bouzemoris.mu par le Groupe CIEL. Les citoyens sont invités à partager leurs idées et initiatives pour faire Maurice avancer, ce qui a inspiré quelques collègues du Groupe à venir de l’avant avec le projet de créer une chanson pour faire littéralement bouze toute l’île.

La onzième édition du CIEL Ferney Trail aura lieu le 15 septembre 2018 dans le sud-est de Maurice. Cet événement unique par sa dimension et la beauté de ses paysages connaît le même succès de participation qu’en 2017, avec plus de 3 500 inscrits – quand ce chiffre record avait été atteint. Les derniers détails du CIEL Ferney Trail 2018 ont été révélés ce mercredi 29 août 2018 au cours d’une conférence de presse au siège du groupe CIEL à Ebène, en présence des organisateurs et des représentants des sponsors. Les personnes inscrites et les accompagnateurs peuvent consulter le site web http://www.ferneytrail.com/ et le compte Facebook de l’événement pour des précisions au sujet de leurs courses respectives.

Un partenariat public-privé qui porte ses fruits Ferney, le 25 août 2018 – Un ensemble de panneaux informatifs sur la ré-introduction de plusieurs espèces d’oiseaux et de plantes endémiques a été dévoilé ce jour dans le magnifique sanctuaire naturel de La Vallée de Ferney par la ‘Global Manager’ de la GEF Small Grants Programme – UNDP, Madame Yoko Watanabe, le PS du Ministère de l’Agro-Industrie et de la Sécurité Alimentaire, Monsieur Boyramboli, le Directeur de la Conservation du Mauritian Wildlife Foundation, Vikash Tatayah et par le Chief Executive Officer du Groupe CIEL, Jean-Pierre Dalais, en présence d’une vingtaine d’invités.

Avec un chiffre d'affaires de Rs18,53 Mds au 30 juin 2016, CIEL est en 3e position du Top 100 Companies. Une performance liée, notamment, à ses activités sur le continent africain, où le groupe s'affirme de plus en plus.

Ebène, le 19 juillet 2018 – La Fondation CIEL Nouveau Regard et l’ONG Autisme Maurice ont annoncé aujourd’hui le lancement de l’unique service spécialisé d’Evaluation et de Diagnostic de l’Autisme à Maurice (SEDAM). Ce service vient pallier au besoin grandissant d’offrir un service de qualité et accessible à tous, d’autant plus que le nombre de personnes atteintes de troubles du spectre autistique, tout âge et degré confondus, est estimé à 12 000 à Maurice.

Challenging the status quo is second nature to Hélène Echevin. Appointed CIEL Group’s Chief Officer - Operational Excellence back in March 2017, she has over 18 years of experience in operations and project management. We asked her what operational excellence means, how she puts it into practice at CIEL and what is its impact on the community at large.

Encouraging people to contribute to social actions so as to trigger some form of positive community change. With this end in mind, ACTogether.mu has launched, in the wake of its 10th anniversary last year, the #EngagezVous campaign, financed by CIEL and spread on social media. Six short videos were shot to portray persons devoting their time, energy and skills to social causes, as a way to make the idea of social engagement sprout in the public mind. Watch these videos on ACTogether.mu’s homepage or Facebook page.

#WorldEnvironmentDay is the United Nations’ most important celebration of nature with the aim of raising worldwide awareness and encouraging action for the protection of our environment. On this occasion, every year, CIEL's 5 clusters take the opportunity to #ActforOurEnvironment through cleaning campaigns, tree planting activities, inter-department competitions around #BeatingPlasticPollution. Above all, World Environment Day is People’s Day, a chance to act together, with the aim of creating a platform to build greater commitment and foster change. Check out our calendar of activities across our clusters!

Every day, so many of our compatriots are launching projects and starting initiatives that help our country progress. These actions bring joy into our hearts and make us proud. This is what encouraged us to launch #BouzeMoris*. Through the website bouzemoris.mu, we want to give these projects and actions a platform that allows people throughout Mauritius to show others what they are doing. We hope these actions will inspire others, and ultimately, help us build a better future together. bouzemoris.mu is a participative platform where we can all share how we are making a difference in Mauritius and also discuss ideas that could make our country a better place. No politics, no polemics, just positivity!

Une invitation à partager et promouvoir les actions citoyennes et initiatives positives qui feront l’île Maurice de demain .

Voilà 50 ans que le pays a acquis son indépendance, quel parcours ! La route n’était pas toute tracée, mais nous pouvons être fiers, d’abord, de ce que nous ont laissé nos ancêtres et ensuite, du chemin parcouru depuis. Que ce soit dans l’industrie sucrière, ou les secteurs émergents du textile et de l’hôtellerie, le pays a brillé par sa détermination et par la qualité de ses prestations. Cette envie de progresser a encouragé une diversification plus importante des activités du pays dans les secteurs financiers, de la santé, du tourisme, entre autres. Pionnier dans plusieurs de ces secteurs et afin d’assurer une croissance à long terme, le groupe CIEL, dans sa vision entrepreneuriale, a accompagné ce développement.

Nous célébrons cette année les 50 ans de l’Indépendance de Maurice. Quel chemin parcouru pour ce petit pays au milieu de l’Océan Indien ! Nous pouvons être fiers de notre île Maurice. Que ce soit au niveau économique, géopolitique, culturel ou sociétal, le pays a rapidement évolué, ces dernières années, grâce aux talents locaux et à notre savoir-faire, mais aussi grâce à des partenariats solides, des idées innovantes et une ouverture sur l’international.

On the occasion of the 50th Anniversary of the Independence of Mauritius, CIEL Group will be carrying out various activities across its clusters throughout the year, and especially throughout the month of March. These activities have started since last year already with the celebration of the 10th edition of CIEL Ferney Trail and the launch of its new tagline Bouze Moris. This calendar of activities translate CIEL’s commitment to sustainable development in the country.

We are proud to announce that CIEL has been awarded PwC Corporate Reporting Awards (CRA) 2018 for “Online Reporting” and “Risk Management Disclosures”. Bank One has also won the Main Award for the Financial Institutions.

Profondément passionné par l’humain, Dev Sewgobind s’est attelé à la lourde tâche de gérer le facteur humain dans des multinationales. Depuis le début de cette année, il s’est embarqué dans une nouvelle et palpitante aventure au sein du Groupe CIEL.

Le Club féminin du Quatre-Bornes Volleyball Club (QBVBC) s'est envolé pour les Seychelles le mardi 27 février dans le cadre de la Coupe des Clubs Champions de L'Océan Indien - Zone 7 (CCCZ7). Cette compétition est un événement international qui regroupe les meilleures équipes de volleyball de l'Océan Indien, dont Maurice, Rodrigues, Madagascar, Mayotte ou encore les Seychelles, le pays organisateur. Cette 24ème édition se déroulera au Palais des Sports à Mahé du 1er au 10 mars 2018.

Passionné/e de design, fais toi aussi #BouzeMoris ! C'est quoi #BouzeMoris ? C'est une plateforme numérique mise en place par CIEL pour promouvoir les actions citoyennes, grandes ou petites, qui font Bouze Moris. L'objectif est de créer un élan positif au sein de la population. Ce concours est lancé par CIEL, en partenariat avec le magazine KOZÉ, pour les 50 ans de l'Indépendance de Maurice.

We are delighted to announce the appointment of Dev Sewgobind in the position of Chief Officer - Talent & Culture as from 3 January 2018.

Across CIEL's clusters, our services have a common objective: customer satisfaction. CIEL's motto since 2014, "Beyond Horizons" is a promise to relentlessly challenge the status quo, to overcome obstacles and to push the limits. Let's see how our team members "Go Beyond" to deliver the best service to our customers.

Le Chairman du Groupe CIEL, P. Arnaud Dalais, a fêté en 2017 ses 40 ans de carrière. Celui qui a repris les rênes du Groupe en 1991, à l'âge de 36 ans, suite à la disparition de son père Sir Pierre Dalais, partage avec nous quelques-uns des enseignements qu'il a puisés de ses quatre décennies au... CIEL.

What if old hotel uniforms were transformed into art pieces? Showing much creativity in its approach, Sun Resorts has partnered with the Fashion & Design lnstitute (FDI) to launch the Sew Chic Project. The group, managing five hotels in Mauritius and in the Maldives, has donated old staff uniforms to FDI students. Kanuhura also participates in this initiative by donating its old uniforms to local institutions and local communities in Maldives.

As a major listed investment Group in Mauritius, CIEL is well conscious of its long-term responsibility in ensuring and promoting a sustainable way of doing business. With footholds in more than 10 countries, the Group has taken a number of initiatives. Recently, the Building our Ability to Sustain booklet was published to showcase and promote some of these initiatives amongst employees and local communities, investors and customers.

lt was more than a race. On the 9th of September, over 3,500 participants gathered in the early hours of the morning for the 10 th edition of the CIEL Ferney Trail. During the past nine years, the CIEL Ferney Trail has grown up to become a major event in the local sport calendar. This year, the event went beyond its sporting dimension to put people at the centre, with a new tagline: "Bouze Moris !".

CIEL unveils its Purpose Statement and Values which reflect the DNA of the Group since 1912 while providing a simple yet compelling north star and operating frame for its future. In today's world where competition comes from everywhere, our greatest competitive advantage is indeed our unique way of doing business.

Editorial: Jean-Pierre Dalais, Group Chief Executive of CIEL by Horizons Magazine, No 18, December 2017. ...Our products and plant operations can always be copied but the energy and meaning we put in our actions make us truly unique. It is our Purpose and what we stand for, our values that guide our actions and our way of doing business. I'm therefore very excited to unveil our new Purpose Statement: For a World we can all feel proud of...

Si CIEL était une équipe de rugby ou de football, on se serait référé à lui comme le 2e joueur le plus capé de l’effectif… juste après P. Arnaud Dalais, l’actuel Chairman du groupe. Et pour cause, Jayen Veeren, Deputy-Head Messenger, a fêté en octobre ses 40 années de service dans le groupe.

It will surely be one of the highlights of Porlwi by Nature Festival. The CIEL One Beat One Tree Project, which is sponsored by the Group, is an art-piece that will recreate a virtual 3D forest using light effects. This creation is the work of Naziha Mestaoui, artist and architect, who is committed to reforestation programmes in different countries throughout the world. The Porlwi by Nature Festival will run from November 29 up to December 3.

The Marché de Noël Solidaire is back. This annual initiative of ACTogether.mu and the Fondation CIEL Nouveau Regard is rolling once again for its 6th edition. This market will allow the public at large to buy Christmas decorations and gifts. Save these dates: November 30 at Caudan Waterfront and December 8 at Phoenix Mall.

Dans le cadre du Festival Ile Courts qui se tiendra du 10 au 15 octobre 2017 à Maurice, nous avons posé 3 questions à David Constantin, réalisateur mauricien connu pour ses nombreux films à travers le monde. Si vous souhaitez vous lancer dans la réalisation d'un court-métrage, voici ses conseils...

What does it take to become an entrepreneur? You surely need fresh ideas. But also passion, commitment and the guts to materialise them. The 150 exhibitors for the 2nd edition of the Salon Made in Femmes have shown such appetence. Valuing entrepreneurship, CIEL could not but support this event that will take place from September 29 to October 1 at the Domaine Les Pailles. This event is an initiative of Entreprendre au Féminin ocean Indien (EFOI), an association regrouping women entrepreneurs in the region.

Île Courts Festival turns 10 this year. Since its inception in 2007, the festival has brought a major contribution to film making in Mauritius. Driven by the association Porteurs d’Images, the festival has come a long way to get its place in the cultural landscape. This 10th edition will run from October 10 to October 15. Eager to support cultural development in the country, CIEL remains committed to Île Courts Festival by being, once again, amongst its benefactors.

It was more than a race. On the 9th of September, over 3500 participants gathered in the early hours of the morning for the 10th edition of the CIEL Ferney Trail. During the past nine years, the CIEL Ferney Trail has grown up to become a major event in the local sport calendar. This year, the event went beyond its sporting dimension to put people at the heart of this event, which tagline was rightly put: “Bouze Moris !”.

To generate awareness, restore the respectability of social work and to shed light on work done by Mauritian social actors. Such is the endeavour of ACTogether.mu. Founded 10 years back, in 2007, by Fondation CIEL Nouveau Regard, ACTogether is a social platform created to act as a communication support for NGOs engaged in specific spheres of our society – namely the fields of poverty, health, disability, exclusion and education.

Interview de Jean-Pierre Dalais, Group Chief Executive de CIEL par Mémento Magazine, le mensuel des Outre-Mer et de l'Océan Indien, No 459. La stratégie d'investissement, initiée il y a trois ans, par le groupe CIEL porte ses fruits. Effectivement, le groupe est de plus en plus tourné et positionné sur les économies émergentes, celles qui feront le marché de demain. Rencontre avec Jean-Pierre Dalais, Group Chief Executive de CIEL.

Through the release of CIEL’s Sustainable Initiatives Information Booklet entitled Building Our Ability to Sustain, the group has unveiled the five pillars around which its actions are undertaken, and shows its commitment to sustainability vis-à-vis its stakeholders and anchoring its position as a responsible and sustainable entity.

Created and launched in 2008 under the impulse of four employees from CIEL, the CIEL Ferney Trail was crafted to allow Mauritians to discover the Vallée de Ferney through a sports event, while simultaneously conveying the group’s values at large.

Are you familiar with TED Talks? Based on the short talk model, TEDx Talks are a showcase for speakers presenting great, well-formed ideas in 18 minutes or less. Following the motto of “ideas worth spreading”, these talks are medium to present novel ideas, concepts and inventions to the audience, often coupled with new arguments that challenge beliefs and perspectives. A concept adopted by students on local ground to create the first ever TEDxALC. This year, CIEL is proud to sponsor the 2nd edition of TEDx ALC in Mauritius.

Des pigeons roses (aussi connus comme ‘pigeons des mares’), un oiseau rare endémique de Maurice, ont été lâchés ce jour dans le magnifique sanctuaire naturel de la Vallée de Ferney par le Ministre de l’Agro-Industrie et de la Sécurité Alimentaire, l’Honorable Mahen Seeruttun, en présence d’une cinquantaine d’invités.

Dans le cadre des 10 ans de la plateforme ACTogether.mu, partons à la rencontre de Delphine Bouic, manager de la Fondation CIEL Nouveau Regard, la fondation qui gère et finance cette plateforme de communication pour les ONG locales.

In the wake of the World Environment Day, CIEL group celebrated the event through various initiatives which resonnated across all its clusters.

By creating value while simultaneously seeking for a balance between economic, social and environmental axes, the group has recently published its first collection of Sustainability Initiatives for the year 2016. Entitled “Building our Ability to Sustain”, this online document illustrates some of the initiatives undertaken within CIEL’s five clusters...

With the fastest growing middle-class incomes and 7 countries in the top 10 dynamic economies from around the world, Africa is not only a continent conducive to investment, but one with major growth opportunities and business potential. Between consumer spending by Africans expected to double by 2020 and the United Nations predicting Africa’s population growth to top the list by 2050, CIEL did not wait for the shifting demographics to start investing in the continent.

On the occasion of World Environment Day, celebrated on the 5th of June 2017, CIEL Group will be carrying out various activities across its clusters throughout the month of June. These activities translate CIEL’s commitment to sustainable development. The theme chosen by the United Nations this year is “Connecting People to Nature”. In this regard, and in order to sensitize the public at large, the companies of CIEL Group have prepared a calendar of activities throughout the month of June.

CIEL Group has recently launched two significant strategic transactions: • A voluntary offer from CIEL to acquire all the ordinary shares of CIEL Textile Limited (‘CTL’) not already held by CIEL – CIEL being the existing majority shareholder with 56.31%, and • A 1.865 billion capital injection in SUN Limited (“SUN”) through a Rights Issue of MUR746.1 million and a private placement for an amount of MUR1.12 billion to a subsidiary of Dentressangle Initiatives SAS.

The Board of CIEL Ltd has approved a new Code of Ethics at CIEL’s level which should be shared and implemented in the near future. This step will anchor further our group in good governance principles with our employees abiding by strict ethical standards. In the same vein, CIEL Limited obtained a Corporate Membership Certificate and is now an official Gold Corporate Member of Transparency Mauritius, demonstrating its commitment towards good and solid governance.

The number of nature lovers who visited La Vallée de Ferney on the 12th of March 2017. At the heart of their national duty for biodiversity, La Vallée de Ferney invited all Mauritians to celebrate Independence Day while exploring the forest and walking through mountains.

CIEL is currently working on a redefinition of the group’s purpose, with the view to align CIEL entities and employees around a common vision and reinforce a common way of doing business. As this exercise will come to an end, CIEL will share this reinvigorated vision and values with employees and partners.

CIEL’s Corporate Sustainability Department in collaboration with Ebène Skies Ltd has launched, on March 10th, two simultaneous environmental campaigns.

We must dare to challenge the status quo, to benchmark ourselves against the best and constantly improve.

Entrepreneurship… We’ve all heard wonderful stories about it: people reaching the zenith of the business scene with an innovative idea, reconverted professionals getting their start-ups bought by corporate giants, and the list goes on

Founded in 2007 by Fondation CIEL Nouveau Regard, ACTogether is an online platform created to act as a communication and information channel between NGOs and citizens.

An endemic bird release program is ongoing at La Vallée de Ferney since March 2016

Initiated in 2007, the Ferney Trail is one of the oldest and most popular trails in Mauritius, gathering an average of 2500 participants every year.

The French rugby coach and former captain of the French National Team, Fabien Galthié, was recently on local ground. Given his experience in team management, he shared with CIEL the lessons learned on the pitch and how they could be applied in the business context.

CIEL is pleased to welcome Jean-Michel Nairac as our new Group Risk Officer to further improve CIEL’s risk management framework and processes.

CIEL was invited to participate in the first Initiative for Gender Diversity in Leadership conference.

Looking at CIEL’s global positioning today, one might wonder how the Group transitioned from a modest sugarcane producer back in 1912 to a fully diversified global Group a mere century later. Year after year, the Group has learned to identify and establish new pillars of development. It currently operates across five business clusters in Mauritius, Asia and Africa.

Jean-Pierre Dalais has been appointed Group Chief Executive, effective as from January 2017. In his interview with us, he unveils CIEL's long term vision, the Group's new priorities, and his thoughts on the importance of operational excellence - at Group level, for stakeholders, and for team members.