Mauritius - Maubank Holdings Limited

Project Summary

Approval Date 11 Dec 2017
Signature Date 27 Jun 2019
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 74,773,063.75
Status Implementation

Project General Description

The proposed project entails a senior loan to MauBank Holdings with an amount of USD 100 million for up to a 12-year tenor including a 5-year grace period. MauBank was formed through the merger of two government-owned commercial banks (National Commercial Bank (NCB) & Mauritius Post and Cooperative Bank (MPCB) in January 2016). A senior loan to MauBank Holdings to provide long-term liquidity required for its subsidiary bank, MauBank Ltd (MauBank) to expand its Small and Medium Enterprise (SME) operations, which are in line with the Government of Mauritius’ 10-Year SME Master plan by focusing on various sectors such as manufacturing, ICT, agriculture, construction, trade and services. This intervention will complement the Bank’s other ongoing programs in Mauritius such as power sector and infrastructure support projects in addition to a commercial bank and PE fund operations.

Project Objectives

The overarching objective of this project is to scale-up lending and financial service delivery to SMEs in Mauritius, which is a high priority national agenda for Mauritius. This sovereign guaranteed senior loan, the AfDB will foster private sector investments in SMEs operating in a wide range of sectors such as manufacturing, trade, agriculture, aquaculture, ICT, transport and other services sectors.


The proposed loan is critical to strengthen its capital base and enable MauBank to grow its SME business. Through its ecosystem approach, MauBank is expected to support more SMEs in Mauritius by providing more affordable financing schemes, business advisory services, linking with other SMEs (cluster approach) etc. As part of its corporate strategy, MauBank targets to increase its SME clients from 4,400 to 6,000 including 1,500 women enterprises and 300 youth enterprises, and SME loan portfolio to reach more than MUR 10 billion from the current level of MUR 3.4 billion by 2027.

Participating Organization

African Development Bank
MauBank Holdings Limited


IATI identifier 46002-P-MU-HAB-001
Last Update 25 Mar 2023


Contact Details

Name Jonathan Richard Kamkosi BANDA

Geographic Location

Country Mauritius
Coordinates Location Name
-20.16194 57.49889 Port Louis