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Mauritius

The Mauritius Commercial Bank Limited Signs a USD 20M Term Loan Facility with Bank of Kigali Plc to Support its Strategic Growth Objectives

The loan proceeds will be used mostly to fund their general corporate projects A USD 20M loan has been successfully signed between The Mauritius Commercial Bank Limited (MCB) (www.MCB.mu) and Bank Read More →

Mauritius Commercial Bank Ltd (MCB) to Adopt MITECH’s TRAC Collateral Management System in the Cloud

The TRAC software will be implemented on a Cloud infrastructure, with the aim of going-live with the system before the end of the year The Mauritius Commercial Bank Ltd (MCB) (www.MCB.mu) Read More →

Mauritanian Bank for International Trade Launches Digital Bank, Masrvi, Powered By TagPay

Masrvi was launched at the end of April and responds to Mauritanians’ banking needs by providing secure and accessible banking services The Mauritanian Bank for International Trade (BMCI) (www.BMCI.mr) has partnered Read More →

Bank of Mauritius Becomes Member of Organisation for Economic Co-Operation and Development International Network on Financial Education

The Bank of Mauritius (Bank) has joined the Organisation for Economic Co-operation and Development International Network on Financial Education (OECD/INFE). The OECD/INFE is a forum that brings together central bankers and Read More →

HPS Completes the Acquisition of ICPS

HPS Group today announces the completion of the acquisition of ICPS in Mauritius, which it first announced on February 9th, 2021. Following the lifting of the last suspensive conditions related to Read More →

Investec Mauritius: An Out of The Ordinary Technology Journey

How does an organisation constantly deliver client satisfaction in an era of rapidly changing needs? This is a question that Investec Mauritius has answered. Investec Mauritius has an online banking platform Read More →

HPS Strengthens its Processing Activities in Africa with the Acquisition of ICPS in Mauritius

• ICPS processes secure electronic transactions for more than 20 countries in English and French speaking Africa, as well as in Asia, using HPS PowerCARD technology. • This acquisition will consolidate the processing Read More →

Mauritius Commercial Bank Taps Windward’s AI Solution to Optimize Trade Finance and Compliance Processes

MCB will integrate Windward’s Predictive Intelligence solution to increase efficiency across its trading practices, empowering MCB to continue to trade with confidence in an era of rapidly increasing risks Windward the Read More →

Mastercard Global Outlook 2021 Highlights Permanent Shift to Digital and Opportunity to Boost Financial Inclusion in the Middle East and Africa

  • Mastercard Economics Institute report estimates that 20-30% of the COVID-related surge in e-commerce spending to be a permanent feature in share of overall retail spending
  • Young and digitally savvy Read More →

The Bank of Mauritius Becomes a Member of the Groupe des Superviseurs Bancaires Francophones

Members of the Groupe des Superviseurs Bancaires Francophones (GSBF) have, at their last meeting in September 2020, unanimously approved the request made by the Bank of Mauritius to join this Read More →

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