Top Mauritius Lender to Finance Gas, Critical-Minerals Projects
- African countries hold significant critical-mineral deposits
- MCB to close first transactions in upcoming financial year
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Mauritius’ biggest lender by market share will increase exposure to gas and move into into funding the mining of metals needed for clean-energy technologies.
Mauritius Commercial Bank — a unit of Port Louis-based MCB Group Ltd. — is making 10 billion rupees ($211 million) available to help clients transition to a lower-carbon economy, Head of Corporate and Institutional Banking Philippe Touati said. The lender also raised $400 million in December through a syndicated loan, and it plans to do finance sustainable projects with the money, he said.