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African Development Bank Group (AfDB)

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    • Mauritius will receive significant financial support from the African Development Bank to strengthen its post-Covid-19 economic recovery
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Source: African Development Bank Group (AfDB) |

Mauritius: The African Development Bank grants $240 million loan to support economic diversification and competitiveness

Several government measures will be supported, including the government’s approval of the fisheries framework bill to fill the gaps in current legislation

The Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $240 million to Mauritius in Abidjan on 22 May 2024 to implement the second phase of the Economic Competitiveness and Resilience Support Program. “Following the approval and implementation of the first phase of the Program…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African Development Bank and United Kingdom (UK) announce Mauritius as a beneficiary of unlocked climate finance from the landmark Room to Run Sovereign Program

This will allow Mauritius to continue its path of energy transition and enable the integration of renewable energy and achieve the target of 60% renewable energy in the electricity generation mix by 2030

The African Development Bank (www.AfDB.org) and the United Kingdom have announced the selection of the Gas Insulated Switchgear Substations Project in Mauritius as a beneficiary project under the Room to Run Sovereign transaction (R2RS) (https://apo-opa.co/3U3D0CP). This means that up to 100% of the $110 million total project cost corresponding to the climate…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

Mauritius: African Development Bank affirms commitment to continent’s tourism sector at United Nations Tourism conference

The conference brought together African tourism ministers and key tourism stakeholders from the sector to discuss the development of tourism in Africa

The African Development Bank (www.AfDB.org) has reiterated its support to Africa’s tourism sector, seen as one of the continent’s fastest growing areas. Speaking at the 66th Tourism Conference organized by United Nations World Tourism Organization (UNWTO) in Mauritius in July 2023, Leila Mokaddem, Director General for the Southern Africa Regional…

African Development Bank Group (AfDB)

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    • The African Development Bank is extending nearly $150 million in subordinated debt to Mauritius Commercial Bank to expand its loan book across Africa.
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Source: African Development Bank Group (AfDB) |

African Development Bank Approves $147 Million in Subordinated Debt to the Mauritius Commercial Bank to Bolster Capital Base and Drive Loan Portfolio Growth

MCB has recently been expanding its footprint into several African countries and is also deepening its intra-African trade financing activities

The Board of the African Development Bank Group (www.AfDB.org) has approved $147 million in subordinated debt to the Mauritius Commercial Bank Ltd (MCB) to enhance its capital base and mobilize loan growth in the renewables, manufacturing healthcare and other sectors, including SMEs. The debt will take the form of a…

African Development Bank Group (AfDB)

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    • Mauritius has enhanced its public procurement system recently and is working with the African Development Bank to drive further reform
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    • Assessment report - Mauritius
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Source: African Development Bank Group (AfDB) |

Mauritius: African Development Bank assessment report paves the way for further reforms to public procurement system

The report finds that the island nation has a well-established and accessible legal and regulatory public procurement framework

Mauritius has made significant strides in bolstering its public procurement system, but there is room for improvement in electronic procurement and capacity-building for practitioners. Download document: https://apo-opa.info/3lY6OBO These are among the findings of an assessment report the African Development Bank launched virtually on 15 February from Port Louis, the capital. The…

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    • Representatives of the African Development Bank, the Mauritius government and the World Bank presented the Mauritius MAPS Assessment Report to stakeholders in the capital, Port Louis
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Source: African Development Bank Group (AfDB) |

Public procurement in Mauritius shows progress, but room remains for improvement - African Development Bank assessment

The African Development Bank led the assessment in partnership with Mauritius’s Procurement Policy Office using the Methodology for Assessing Procurement Systems (MAPS) framework

Mauritius has made critical strides in its public procurement system, but additional reforms are needed, according to an assessment report the African Development Bank (www.AfDB.org) released to the government on Tuesday. African Development Bank Director of Fiduciary Services and Inspection, Frank Mvula, said that following presentation of the report, the…

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    • For 20222-2027, the African Development Bank's main objective is to support Mauritius' ambitions to become a high-income country by 2030
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Source: African Development Bank Group (AfDB) |

Mauritius: African Development Bank to help build sustainable infrastructure and economic resilience

The Bank aims to promote private sector development to foster and build a more productive, sustainable, inclusive and resilient Mauritian economy

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) on 15 December 2022 in Abidjan approved the Mauritius Country Strategy Paper for 2022-2027 and the implementation of the identified priority development areas. In addition to building economic resilience by improving the business environment and high value-added production, the…

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    • Partners launching the report. From left are Ms. Ahunna Eziakonwa, the UNDP Assistant Administrator and Director of Regional Bureau for Africa, Dr. Hanan Morsy, Deputy Executive Secretary of ECA, Ms. Amanda Serumaga, UNDP Resident Representative for Mauritius and Seychelles, and Prof. Kevin Urama, the Acting Chief Economist and Vice-President of AfDB.
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Source: African Development Bank Group (AfDB) |

New Report Shows Need for Greater Action if Africa is to Hit Sustainable Development Goals (SDG), Agenda 2063 Targets

Building Back Better from the Coronavirus Disease, While Advancing the Full Implementation of the 2030 Agenda for Sustainable Development evaluates Africa’s progress towards the SDGs

The coronavirus pandemic, the war in Ukraine, and climate change have all hampered Africa’s progress toward meeting the Sustainable Development Goals (SDGs). With 2030 less than 8 years away, most African countries are struggling to meet the SDG targets. Without renewed efforts, nearly 492 million Africans will be left in…

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    • The 2022 African Economic conference, held in Mauritius, brought together policymakers, climate experts, private sector representatives, academics, and youth to develop an action plan to guide Africa as it navigates the threat of climate change
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Source: African Development Bank Group (AfDB) |

African Economic Conference 2022 urges development community to “walk the talk” on innovative solutions to fight climate change

Participants asserted that achieving net zero emissions—the crux of the three-day conference—can be accomplished if all stakeholders are robustly engaged

The 17th African Economic Conference ended on Sunday with a charge to the development community and governments to take decisive actions to address climate change. The African Development Bank, United Nations Economic Community for Africa, and United Nations Development Programme, the conference hosts, called on participants to walk the talk…

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    • R-L: UNDP’s Senior Economist for Mauritius and Seychelles, Tony Muhumuza; Minister of Finance, Economic Planning and Development of Mauritius,Dr. Renganaden Padayachy; and African Development Bank's Deputy Director General for Southern Africa, Kennedy Mbekeani at a press conference ahead of the 2022 African Economic Conference in Port Louis
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Source: African Development Bank Group (AfDB) |

Mauritius ready to host 2022 African Economic Conference - Finance Minister Padayachy

This year’s conference will be held in a hybrid format, with in-person delegates gathering in the coastal city of Balaclava, northwest of Mauritius

The island nation of Mauritius is set to host the 2022 African Economic Conference (AEC) (https://AEC.AfDB.org) from 9-11 December, its Minister of Finance, Economic Planning and Development, Dr. Renganaden Padayachy, said Thursday at a news conference announcing the event. The African Economic Conference is Africa’s leading forum for discussing the…