MCB expands green financing with $100 million

Mauritius Commercial Bank Limited (MCB), the flagship banking arm of MCB Group, has secured a $100 million, 10-year climate financing facility, reinforcing its position as a leading sustainable finance player in Africa and deepening its commitment to funding climate-focused projects across the continent.

The facility, arranged by Proparco alongside DEG and FMO, marks MCB’s second major climate financing line in under two years, signaling sustained momentum in scaling its green financing strategy.

Advancing climate-focused investments
Proceeds from the facility will be directed toward eligible climate mitigation and adaptation projects across Africa, supporting sectors critical to the continent’s long-term sustainability, including renewable energy, energy efficiency and climate resilience initiatives.

The transaction builds on MCB’s earlier $120 million climate facility signed in November 2023 with Proparco and DEG, underscoring the bank’s growing role in mobilizing capital for environmentally sustainable development.

Strengthening sustainability credentials
The new financing line reflects strong backing from leading development finance institutions, highlighting confidence in MCB’s Sustainability Framework and its Environmental and Social Risk Management (ESRM) practices. The endorsement reinforces the bank’s ability to structure and deploy capital in line with global sustainability standards.

An MCB executive noted that the facility aligns with the group’s broader ambition to integrate sustainability into its core lending strategy while supporting Africa’s transition to a low-carbon economy.

Deepening global partnerships
Founded more than 187 years ago, MCB is the leading bank in Mauritius, offering retail, corporate and investment banking services, alongside regional operations spanning Madagascar, Maldives, Seychelles, Réunion, South Africa, Kenya, Dubai and Nigeria.

The deal also marks the addition of FMO as a new strategic partner, while strengthening long-standing relationships with Proparco and DEG. The continued support from these institutions underscores confidence in MCB’s credit profile and its capacity to deliver impactful climate financing solutions.

As African economies accelerate efforts to address climate change and infrastructure gaps, MCB’s expanding access to long-term, sustainability-linked funding positions it as a key intermediary channeling international capital into high-impact projects across the continent.