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Proparco and its European partners support MCB in advancing climate transition in Africa

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Signing Ceremony MCB 2026
Signing Ceremony MCB 2026 - DR

Mauritius Commercial Bank Limited (MCB) has secured a USD 100 million senior loan arranged by Proparco, alongside European development finance institutions DEG from Germany and FMO from the Netherlands. Fully dedicated to climate finance, the transaction will support a new generation of low-carbon projects across Africa and reflects Team Europe’s commitment to promoting sustainable and resilient growth.

A long standing partner of MCB since 2001, Proparco, together with Agence Française de Développement, strengthens a trusted relationship with this ninth financing. The transaction builds on an established track record of cooperation in green finance and supports MCB’s continued development as the leading bank in Mauritius and a key regional player in African financing.
 

A concrete contribution to Africa’s climate transition

The facility will primarily finance renewable energy projects, with the possibility to support climate adaptation initiatives. It will contribute to low-carbon growth and help address the structural shortage of long-term infrastructure financing across the continent. Proceeds will be deployed in line with MCB’s Sustainable Finance Framework, reflecting its long-term commitment to sustainability and ensuring allocation to high-impact climate projects. The transaction also aligns with the strengthening of regulatory requirements by the Bank of Mauritius on climate risk management, to which MCB is responding through a robust and forward-looking financial offering.

Team Europe mobilised for sustainable finance

Led by Proparco as arranger under the Friendship Facility, the transaction brings together Proparco, DEG and FMO with equal commitments in a coordinated approach. It demonstrates the ability of European development finance institutions to work collectively in support of strategic African partners. Together, they contribute to accelerating a just transition that balances economic development, access to energy and climate resilience.

This facility underscores the continued trust of our long-standing 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.

Thierry Hebraud

  • Chief Executive Officer of MCB

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.

Françoise Lombard

  • Chief Executive Officer of Proparco

This joint transaction with MCB reflects the shared commitment between DEG, FMO and Proparco to expanding sustainable, low carbon investment across Africa. By working collectively as Team Europe, we are helping accelerate the continent’s climate transition while supporting broader economic resilience.

Roland Siller

  • Chief Executive Officer of DEG

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.

Huib-Jan de Ruijter

  • Co-Chief Investment Officer of FMO
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