PORT-LOUIS, Mauritius, March 6, 2015/African Press Organization (APO)/ — The Chief Executive of MCB (http://www.mcb.mu), the largest bank in East Africa, will host an online press conference Wednesday 11th March 2015 at 11 a.m. GMT to provide updates on the strategy of the Mauritius Commercial Bank into Africa and positioning at Africa CEO Forum.
Logo: http://www.photos.apo-opa.com/plog-content/images/apo/logos/mcb-logo.png
The Mauritius Commercial Bank (MCB) is fast expanding into continental Africa, positioning itself as a choice partner for businesses and other banks.
MCB is the Diamond Sponsor of the Africa CEO Forum, the must-attend event for the promotion and development of the African private sector, to be held in Geneva on 16th and 17th March. Our aim is to engage in constructive dialogue to shape Africa’s future with the champions of economic growth expected to attend, namely:
• 500 African CEOs
• 100 influential bankers and financiers
• 200 African and international personalities
Journalists interested in attending this online press conference will be able to ASK QUESTIONS LIVE VIA THE INTERNET.
Who: Antony Withers, Chief Executive and Raoul Gufflet, Head of International Division
Date: Wednesday 11th March 2015
Time: 11:00 GMT (Time Converter: http://goo.gl/TyJt6S)
Languages: English
How it works: This service is FREE and only requires a computer connected to the internet.
REGISTER: http://www.apo-opa.com/application.php?L=E&vc=MCB
Technical Contact: +41 22 534 96 97, sec.sg@apo-opa.org
Distributed by APO (African Press Organization) on behalf of The Mauritius Commercial Bank Ltd (MCB).
MCB and Africa
Established in 1838, The Mauritius Commercial Bank (MCB) (http://www.mcb.mu) is the largest bank in East Africa. It is fast expanding into continental Africa, positioning itself as a choice partner for businesses and other banks.
Over the past six years, MCB has serviced more than 100 financial institutions and corporates spanning over 28 countries in Africa. Its main services are project and commodities financing, trade finance, corporate finance advisory, private equity, investment management, structured solutions, syndication, cards services, custody, private banking, wealth management and consulting.
• Market capitalisation of US$ 1.6 billion
• Balance sheet of US$ 7 billion
• Investment grade rated
• 18,000 local and foreign shareholders
• 1 million individual and corporate customers
• Physical presence in nine countries including Mozambique, Kenya and South Africa
• Over 3,000 employees
• Number one bank in East Africa (The Banker, July 2014)
• 1,600 corresponding banks around the world
Mauritius as a hub for financial services
MCB is a vital part of the transformation of Mauritius into an international hub for financial services. Internationally recognised as a proven and trusted financial services platform, Mauritius was among the first jurisdictions to be included in the OECD White List. It has 19 Investment Promotion and Protection Agreements and 17 Double Taxation Avoidance Agreements with African countries, offers a fiscal platform with individual and corporate tax rate at 15% with global businesses taxed at a rate of 0 to 3% and is a secure jurisdiction for structuring and managing African investments.
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