Mauritius Commercial Bank wants to expand in Africa

The Mauritius Commercial Bank (MCB) wants to expand to the rest of Africa. To achieve this feat, the bank is planning to use the forthcoming Africa CEO Forum as a platform.

This event, one of major rendezvous of the financial and corporate African scene, will welcome some 800 participants from 38 countries in Geneva, Switzerland, on 16-17 March 2015 with discussions to be held in relation to the strategic priorities of the African private sector.

MCB is one of the four Diamond Sponsors of Africa CEO Forum.

“The Africa CEO Forum will help boost MCB’s brand visibility and its regional ambitions,” MCB CEO Antony Withers said in a stateùent.

“We will be able to showcase our internal capabilities and product offerings to the top African business leaders and the most influential players in African and international finance.

Ranked by the Banker as the largest bank in East Africa, MCB has gradually increased its involvement in Africa.

The ‘Bank of Banks’ initiative aims at positioning MCB as a regional hub in handling trade finance, cards operations outsourcing and consulting services on behalf of MCB’s financial and banking counterparts. As such, MCB bundles its industry capabilities to service some 100 financial institutions covering around 30 African countries.

The Bank is also active through classic short-term finance with more than 50 African banks and participates on the syndicated loan market through deals in African countries.

It is also involved in the secondary market for the purchase and sale of risks, backed by its signing of 18 Master Risk Participation Agreements with top-tier African banks.

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