- MCB commits to helping Africa reach its transition and electrification goals.
- MCB has recently participated in three landmark projects in Ghana, Rwanda and Nigeria.
A financial institution in Mauritius has committed to helping Africa reach its transition and electrification goals. The Mauritius Commercial Bank (MCB) Ltd, the banking arm of MCB Group, has ambitions to become a more prominent player in the African energy landscape by financing and supporting electrification projects that encourage the use of renewable energy.
MCB has recently participated in three landmark projects in Ghana, Rwanda and Nigeria. These projects are crucial milestones in the electrification goals of these respective countries and their transition from fossil energy to more renewable, low-carbon energy sources.
MCB, as co-Mandated Lead Arranger, assisted in structuring and raising $260 million in debt to fund the completion of the ANOH Gas Processing Plant, Imo State, Nigeria and also funded Rwanda’s Omnihydro project.