Barclays MU (IFC-39932)

  • Mauritius
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 10, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 140.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 8, 2019

Disclosed by Bank Apr 29, 2019

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Project Description

According to bank documents, the Project consists of a 7-year US$140 million senior loan to Barclays Bank Mauritius Limited (“BBML”). The IFC loan will strengthen BBML’s long-term funding position and support the expansion of its lending operations to Small and Medium Enterprises (SMEs) and in Climate Finance.

Investment Description
  • International Finance Corporation (IFC)

The proposed investment consists of a 7-year senior loan of up to US$140 million.

Financial Intermediary
Private Actors
Private Actors Description

Barclays Bank Mauritius Limited is a wholly-owned subsidiary of Absa Group Limited (“AGL”). AGL is a pan-African financial services group listed on the Johannesburg Stock Exchange. AGL is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 42,000 employees.

Contact Information

Barclays Bank Mauritius Limited 
+230 4041000 
Ebene, Mauritius


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