MCB Ltd secures USD 100 million climate financing line with Proparco, DEG and FMO

The Mauritius Commercial Bank Limited (‘MCB’) has successfully closed a USD 100 million, 10-year climate financing facility, led by Proparco as lead arranger of the club deal, alongside DEG and FMO, further advancing the sustainability agenda of the MCB Group.

This transaction marks MCB’s second climate financing line, following the USD 120 million facility signed with Proparco and DEG in November 2023, highlighting MCB’s continued momentum in scaling its sustainable financing. The proceeds will be primarily allocated to eligible climate mitigation and adaptation projects across Africa, contributing to the continent’s long-term sustainable development.

The new line of credit also underscores the endorsement of MCB’s Sustainability Framework by leading development finance institutions (DFIs), reflecting the strength and robustness of its Sustainability Framework and Environmental and Social Risk Management (ESRM) practices.

MCB welcomes FMO as a new strategic partner and continues to deepen its long-standing relationships with Proparco and DEG, reflecting sustained confidence from international financial institutions in MCB’s credit profile and sustainability strategy.

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