Cape Town, South Africa// – AXIAN Energy, the energy division of the AXIAN Group, and Mauritius Commercial Bank (MCB), one of the leading financial institutions in the Indian Ocean region, announce the signing of a $60 million financing facility.
A Flexible Financial Structure to Support Growth
The financing package comprises a $40 million revolving credit facility with a three-year tenor and extension option, complemented by $20 million in unfunded instruments. This structure gives AXIAN Energy more financial flexibility, so it can quickly mobilise resources and seize development opportunities in its target markets.
The transaction marks a significant milestone in accelerating AXIAN Energy’s portfolio, equipping the Group with the financial tools required to deliver large-scale energy infrastructure projects across the continent.
A Long-Standing Pan-African Partnership
This financing agreement further strengthens the long-standing relationship between AXIAN and MCB, two pan-African institutions driven by a shared commitment to supporting infrastructure development and economic growth across Africa. Through this transaction, MCB and AXIAN Energy combine their respective expertise to advance this common ambition.
A Rapidly Expanding Renewable Energy Portfolio
Over the past two years, AXIAN Energy has significantly accelerated its growth by expanding its renewable energy project pipeline, with solar projects currently under development in Senegal, Benin, Zambia, Côte d’Ivoire, Madagascar, and Burkina Faso.
Building on this momentum, AXIAN Energy now operates a portfolio comprising 350 MW of installed renewable energy capacity, supported by 77 MWh of energy storage capacity, positioning the AXIAN Group as a major contributor to Africa’s energy transition.
Continued commitment to supporting Africa’s transformation
Building on its regional footprint and strong track record in delivering complex energy and infrastructure projects across Africa, MCB played a central role in structuring a flexible and robust financing solution to support AXIAN Energy’s growth ambitions in the renewable energy sector.
This agreement further underscores MCB’s commitment to enabling impactful investments that drive sustainable economic growth and advance the energy transition agenda across the continent.
“This transaction marks a key milestone in AXIAN Energy’s growth trajectory. It provides us with the financial capacity to sustain the momentum we have built over the past two years, further strengthening our renewable energy portfolio and expanding our presence across new African markets.” Benjamin Memmi, CEO, AXIAN Energy
“We are proud to support AXIAN Energy in structuring this facility, reaffirming our commitment to enabling transformative projects across Africa. By leveraging our sector expertise and deep understanding of regional markets, we have delivered a tailored financing solution that aligns with AXIAN’s long-term renewable energy ambitions.
This partnership highlights our role as a strategic financial partner, mobilising capital towards investments that drive sustainable growth and accelerate the energy transition across the continent.” Mathieu Delteil, Global Head of Structured Finance, MCB
ABOUT AXIAN ENERGY
Instructively, the Energy division of the AXIAN Group, AXIAN Energy, is a pan-African player committed to the sustainable transformation of the continent’s energy landscape. As a developer and operator of large-scale renewable energy projects, the company pursues a clear ambition: accelerating Africa’s energy transition while strengthening energy inclusion for communities and territories.
While the Mauritius Commercial Bank Ltd is the leading bank in Mauritius and the main entity of the MCB Group. Over the years, MCB Group’s diversification strategy has ensured it becomes an increasingly prominent financial services player in the region. MCB Group is currently ranked 1st in East Africa and 12th in Africa among the Top 1000 Banks in terms of Tier 1 capital by The Banker. The Group is investment grade-rated by Moody’s Ratings and currently ranks 10th in Africa in terms of assets (Jeune Afrique Top 300 Champions de la Finance, November 2025).
