MCB Ltd, the banking arm of MCB Group, announced on 1 April 2026 that it had closed a USD 100 million 10-year climate financing facility, with Proparco acting as lead arranger alongside DEG and FMO as co-lenders. The proceeds will be directed primarily towards eligible climate mitigation and adaptation projects across Africa, which MCB said would contribute to the continent's long-term sustainable development.
The transaction represents MCB's second climate financing line, following a USD 120 million facility signed with Proparco and DEG in November 2023. MCB said the new line reflects sustained confidence from international financial institutions in its credit profile and sustainability strategy, and underscores the endorsement of its Sustainability Framework by leading development finance institutions.
FMO JOINS AS NEW STRATEGIC PARTNER
MCB welcomed FMO, the Dutch entrepreneurial development bank, as a new strategic partner, while continuing its long-standing relationships with Proparco and DEG. MCB said the line reflects the strength of its Sustainability Framework and its Environmental and Social Risk Management (ESRM) practices.
MCB'S CLIMATE LENDING STRATEGY
Together, MCB's two climate financing lines, signed in 2023 and 2026, total USD 220 million.
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