Post by MCB Group

We are proud to announce the successful closing of a USD 100 million, 10-year climate financing facility, led by Proparco as lead arranger, alongside DEG and FMO - Dutch entrepreneurial development bank. This milestone marks MCB's second climate financing line, building on the USD 120 million facility signed with Proparco and DEG in November 2023. The proceeds will be directed towards eligible climate mitigation and adaptation projects across Africa, in line with our Group's Vision 2030. We welcome FMO as a new strategic partner, and enhance our long-standing ties with Proparco and DEG. This transaction is a testament to the international recognition of MCB Sustainable Finance Framework and ESRM practices by leading Development Finance Institutions. Together, we are helping shape Africa's climate transition. Read more: https://on.mcb.mu/mtr #MCBgroup