Business updates

A breakfast meeting with Mr. Andy Hill, Managing Director of the International Capital Market Association (ICMA) was held on Wednesday 16 September 2026 at the MCCI office in Port Louis. Facilitated by CareEdge Africa, the initiative looked to examine developments in international capital markets and Mauritius’ potential to strengthen its position as an issuer in Africa.

Dr. Drishtysingh Ramdenee, Secretary General of the MCCI, highlighted in his welcome remarks, the value of having the ICMA’s expertise contributed to the exchange and the leverage it adds in supporting the framework for a national strategy.

Mr. Hill delved into the ICMA’s work as well as the organisation’s areas of engagement, providing insights into the association’s role in supporting the development and functioning of international bond markets.”The ICMA operates in 71 countries, including Mauritius where we account for two members here. We have 640 members globally. We focus on primary markets, secondary markets, and repo and collateral.”

Furthermore the exchange focused on the opportunities for Mauritius to further position itself as an issuer on the African continent, alongside the development of capital market infrastructure. Particular attention was given to secondary market liquidity, repo and securities lending markets, and the role of market makers in supporting corporate bond markets.
 

In attendance were numerous banking companies including the Mauritius Commerce Bank (MCB), the HSBC Bank (Mauritius), AfrAsia Bank, Mindex and Maubank.  

At the conclusion of the technical presentation, attendees had the opportunity to put their questions directly to Mr. Hill. Queries covered the resilience of capital markets during periods of crisis, sustainable finance and the potential development of blue bonds, with Mr. Hill noting continued investor interest in sustainable bond instruments.

Caption

From Left to Right: Mr. Andy Hill, Managing Director of the International Capital Market Association (ICMA), Dr. Drishtysingh Ramdenee, Secretary General of the MCCI, Mr. Saurav Chatterjee, Director and CEO of CARE Ratings (Africa) Private Limited and Mrs. Sarada Moothoosamy, Head of Finance and Management.