Port-Louis, April 1, 2026: 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, stressing 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.
Group Head of Strategic Funding at MCB Anbar Jowaheer commented: “This transaction represents a key milestone for MCB, reflecting strong support from leading DFIs and the international recognition of our Sustainability Framework. The 10-year facility enhances our funding diversification and strengthens our capacity to support climate-related projects across Africa.”
While the CEO, MCB Ltd Thierry Hebraud, added: “This facility underscores the continued trust of our longstanding partners, Proparco and DEG, and the confidence of our new partner, FMO. It strengthens our ability to deliver on our sustainability objectives under our Group’s Vision 2030 and our raison d’être Success Beyond Numbers, while reinforcing our position as a key financial partner in Africa’s transition journey.”
On the other hand, CEO at Proparco Françoise Lombard remarked: “This financing highlights the strength of our partnership with MCB and the continued confidence of our European partners. Led by Proparco, alongside FMO and DEG, this transaction underscores our commitment to supporting transformative projects that advance Africa’s energy transition – combining ambitious climate goals with sustainable economic development.”
Co-Chief Investment Officer of FMO, Huib-Jan de Ruijter underlined: “We are proud to join Proparco and DEG in this climate financing facility for MCB, which directly aligns with FMO’s strategy to accelerate the energy transition and strengthen resilience across our markets. Supporting leading financial institutions is central to our approach, as they often are key actors in scaling renewable energy and climate-adaptation investments where they are most needed. MCB’s strong sustainability framework and regional reach make it a valuable partner in advancing inclusive, low-carbon development across Africa. We look forward to working together to deepen impact and mobilize more finance for the continent’s climate transition.”
