Learnedlast Week and Indian Ocean

week: But we learnedlast week that 8 Miles' cash travels considerably further than this on its way from one continent to the other, according to The Guardian. It has established a cluster of companies in Mauritius, in the Indian Ocean, which funds pass through. That's the inspiration for the name of Sir Bob Geldof's private equity firm, 8 Miles, set up to channel investment into successful businesses in Africa. Geldof is an outspoken champion of African countries, and has raised millions of pounds for the continent through Band Aid and other initiatives. Mauritius is the tax haven of choice for companies investing in Africa. That he sees no contradiction in this type of corporate structure shows how depressingly routine the use of jurisdictions like Mauritius has become. (news.financializer.com). As reported in the news.