The Mauritius Commercial Bank Ltd (MCB)
Source: The Mauritius Commercial Bank Ltd (MCB) |

The Mauritius Commercial Bank Ltd (“MCB”) USD 1,000,000,000 Dual Tranche Syndicated Term Loan Facility

The Facility comprises two tranches – Tranche A with a tenor of 2 years (bullet repayment) and Tranche B with a tenor of 3 years (bullet repayment)

On [Thursday, 9th] September 2021, on behalf of The Mauritius Commercial Bank Ltd (www.MCB.mu) (the “Borrower”, or “MCB”), Abu Dhabi Commercial Bank PJSC (“ADCB”), Citi, Intesa Sanpaolo S.p.A. (“Intesa”), Mizuho Bank, Ltd. (“Mizuho”), Standard Chartered Bank (“SCB”) and SMBC Bank International plc (“SMBC BI”), each as a “Coordinator” and “Bookrunner”…

The Mauritius Commercial Bank Ltd (MCB)
Source: The Mauritius Commercial Bank Ltd (MCB) |

The Mauritius Commercial Bank Limited signs a USD 20M term loan facility with Bank of Kigali Plc to support its strategic growth objectives

The loan proceeds will be used mostly to fund their general corporate projects

A USD 20M loan has been successfully signed between The Mauritius Commercial Bank Limited (MCB) (www.MCB.mu) and Bank of Kigali Plc on 26 July 2021. The aim of this loan is to provide additional liquidity to Bank of Kigali Plc over a 1-2 year period, to facilitate execution of its…

The Mauritius Commercial Bank Ltd (MCB)
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Source: The Mauritius Commercial Bank Ltd (MCB) |

Mauritius Commercial Bank Ltd (MCB) to adopt MITECH’s TRAC Collateral Management system in the Cloud

The TRAC software will be implemented on a Cloud infrastructure, with the aim of going-live with the system before the end of the year

The Mauritius Commercial Bank Ltd (MCB) (www.MCB.mu) is adopting MITECH’s system TRAC (Trade Risk Active Control) to support a continuous and significant growth in its Commodity Trade Finance (CTF) business. TRAC is a Trade Risk and Collateral Management system supporting Structured Trade Commodity Finance. The TRAC solution handles not only…

The Mauritius Commercial Bank Ltd (MCB)
Source: The Mauritius Commercial Bank Ltd (MCB) |

The Mauritius Commercial Bank Ltd (MCB) provides USD 60m funding to fuel Senegal’s national electrification and LNG-use ambitions

The project finance facility is enabling Karpowership to operate its 235 MW Powership alongside the shores of Dakar since August 2019

MCB (www.MCB.mu) is facilitating Senegal’s endeavour to improve its national electrification rate through its USD 60 million participation in the syndicated project finance facility of USD 140 million to Karpowership. MCB was not only a co-mandated lead arranger but provided the highest loan commitment. The project finance facility is enabling Karpowership to…

Source: The Mauritius Commercial Bank Ltd (MCB) |

Mauritius Commercial Bank Taps Windward’s AI Solution to Optimize Trade Finance and Compliance Processes

MCB will integrate Windward’s Predictive Intelligence solution to increase efficiency across its trading practices, empowering MCB to continue to trade with confidence in an era of rapidly increasing risks

Today, Windward (www.Wnwd.com) the Predictive Intelligence company applying AI to transform global maritime trade, and Mauritius Commercial Bank Ltd (www.MCB.mu) the longest-standing and leading banking institution in Mauritius, announced a long-term, multi-year partnership to enhance MCB’s due diligence and monitoring processes linked to its commodity trade finance business. Windward’s AI-powered solution…

The Mauritius Commercial Bank Ltd (MCB)
Source: The Mauritius Commercial Bank Ltd (MCB) |

Euromoney Awards for Excellence: Best Bank in Mauritius

Seven in a row for Mauritius Commercial Bank (MCB)

For the seventh consecutive year, MCB (https://www.MCB.mu/en/) has won the title of Best Bank in Mauritius awarded by Euromoney magazine. The "Awards for Excellence" are the prizes that are valued by important banks and bankers. They were established in 1992 and were the first of their kind in the banking…

Source: The Mauritius Commercial Bank Ltd (MCB) |

Capitalism for everyone: The Mauritius Commercial Bank Ltd (MCB) join forces with the AFRICA CEO FORUM to rethink the role of Africa’s private sector

With the role of capitalism sparking intense debate around the world and as the need to “do good” becomes increasingly pressing in Africa, 1,800 leading decision-makers from industry, finance and politics will come together in Abidjan to boost the impact of African companies

The eighth edition of the largest international gathering of the African private sector will be held on 9 to 10 March 2019 in Abidjan, Côte d’Ivoire; With the role of capitalism sparking intense debate around the world and as the need to “do good” becomes increasingly pressing in Africa, 1,800 leading…

The Mauritius Commercial Bank Ltd (MCB)
Source: The Mauritius Commercial Bank Ltd (MCB) |

A “Meeting of Minds” Report Identifies Five Main Challenges Facing African Banks

Further to the “Meeting of Minds” workshop, a report probing into discussions has been published this week by Mauritius Commercial Bank (MCB)

In October 2019, during the tenth Africa Forward Together (AFT) forum in Mauritius and spearheaded by Mauritius Commercial Bank (MCB) (https://www.MCB.mu), a special workshop aptly called “Meeting of Minds” session leveraged the insight and brainpower of over 35 C-level and senior banking leaders across the African region and beyond. The…

Source: The Mauritius Commercial Bank Ltd (MCB) |

MCB Investment Management Co. Ltd makes its mark on African Fixed Income

MCB Investment Management Co. Ltd (MCBIM) has been investing in pan-African local and hard currency corporate and government bonds since February 2014

We are pleased to report the excellent investment performance of the African Domestic Bond Fund (“ADBF”), the first(1) multijurisdictional fixed income Exchange Traded Fund in Africa, launched by MCB Investment Management Co. Ltd (“MCBIM”) in partnership with the African Development Bank in September 2018. ADBF aims to encourage government bond…

The Mauritius Commercial Bank Ltd (MCB)
Source: The Mauritius Commercial Bank Ltd (MCB) |

The Mauritius Commercial Bank Ltd (MCB) Syndicated Term Loan

USD 800,000,000 or more Dual Tranche Syndicated Term Loan Facility

Tuesday, 2nd April 2019, on behalf of The Mauritius Commercial Bank Ltd (the “Borrower”, or “MCB”) (www.MCB.mu), Standard Chartered Bank (“SCB”) and Sumitomo Mitsui Banking Corporation Europe Limited (“SMBCE”), together the coordinators (“Coordinators”) and active bookrunners (“Active Bookrunners”), are pleased to announce the signing and successful closing of general syndication…