Africa CEO Forum 2015: A global springboard for MCB’s Africa ambitions
Anthony Withers, Chief Executive Officer of the Mauritius Commercial Bank (Left) and Raoul Gufflet, International Head of Division of the MCB speak at the MCB event held to announce the Mauritius financial major’s Diamond Sponsorship of the upcoming Africa CEO forum in Geneva over the 16th and 17th of March 2015. (Image: Kashish Jadoo)
Mauritius’ financial services major MCB has taken a big step forward in its African expansion strategy by positioning itself as the Diamond Sponsor of the Africa CEO forum, one of the most important international meetings of the African private sector, which will be held in Geneva over the 16th and 17th of March 2015.
New economic perspectives are expected to emerge from this participation of the MCB after having established a strong presence in Africa, besides its entrenched status as a market leader in Mauritius. The upcoming event will serve as an opportunity for the MCB to unveil its strong franchise from an international viewpoint while fostering networking with international business players.
“We think this will help us (the MCB), to build new relationships and also nurture our Africa network, as well as promoting the MCB brand and ambitions. We can achieve global marketing awareness on the back of this event,” stated Anthony Withers, Chief Executive Officer of the Mauritius Commercial Bank.
“The diamond sponsorship will also give us an unprecedented opportunity to make our voice heard, we will be participating, intervening and will be active in discussion sessions and constructive dialogues on the growth dynamics and on how the private sector will contribute to the sustainable economic progress of the African continent,” he added.
Today, the MCB realises half of its international profits in Africa. It is the most important bank in Eastern Africa today and finds place among the top 25 banks of the continent.
This event will also offer the MCB exceptional international visibility. In Geneva, the group will have the opportunity to put forward its expertise, experience and strategy directly with the business leaders of the most important African companies. The MCB will participate actively in these high-level exchanges, which will be determinant for the future of the African companies. It will prove again its intent to be an important actor in Africa’s growth story by serving as an engine of development for the African private sector.
According to Raoul Gufflet, International Head of Division of the MCB, “Doing business in Africa was never simply “an option” for the MCB, but a matter of necessity. We have always accompanied our customers through traditional operations. Today, MCB has developed sound relations with more than 200 banks and has links with 39 banks in Africa where the MCB is recognised as a big bank by its partners.”
Moreover, in Geneva, the MCB will also promote Mauritius as a financial hub. The island economy asserts itself as a “jurisdiction credible” (or “credible jurisdiction”) today, offering a secure platform and attractive opportunities for Africa-bound investments. Mauritius has already signed 20 Investment Promotion and Protection Agreements (IPPAs) and 19 Double Taxation Avoidance Agreements (DTAAs) with diverse countries, while offering an exceptional tax regime.
- By Kashish Jadoo
About Africa CEO Forum:
Africa CEO Forum is the most important international meeting of business leaders of some of Africa’s biggest companies today. A reference forum on the strategic priorities of the African private sector, it welcomes 800 participants each year, among whom feature the brightest representatives of the African and international economic scene.
The current year’s edition will be held on March 16th and 17th, 2015 in Geneva, and will see the participation of the influential catalysts of the African growth. This comes to more than 500 CEOs hailing from the whole continent, 100 of the most influential bankers and financiers, as well as 200 leading African and international personalities.