The Economic Development Board (EDB) hosted a courtesy visit from Mr. Kariuki Ngari, CEO & Managing Director of Standard Chartered Bank Kenya & Africa, accompanied by Mr. Abrar A. Anwar, CEO of Standard Chartered Bank Mauritius, and Mr. Danny Balluck, Chief Financial Officer, on 24 July 2025 at the EDB headquarters in Ebene.
The meeting highlighted the important role that international financial institutions play in facilitating trade, cross-border investment, and supporting Mauritius’s positioning as a leading International Financial Centre (IFC) for Africa.
With an established presence across 11 African countries, Standard Chartered Bank is well-placed to contribute to the continent’s development. Its operations in Mauritius underscore the country’s strong financial ecosystem and strategic vision to serve as a bridge between global capital and African opportunity.
“Standard Chartered’s longstanding commitment to Africa, combined with the certainty and transparency of our financial ecosystem, is a key enabler of our Africa Strategy,” said Mr. Mahen Kundasamy, CEO of EDB. “We value the Bank’s continued support in encouraging their global clients to leverage Mauritius’s strategic advantages both as a launchpad into African markets and as an ideal jurisdiction to establish their regional headquarters.”
Mr. Kariuki Ngari noted, “Mauritius offers the right mix of stability, regulatory excellence, and strategic positioning. We see Mauritius not only as a site of operations but as a vital conduit for channelling capital into Africa, mitigating investment risks, and fostering inclusive, sustainable growth across the continent.” He added that Standard Chartered is well-positioned to tap into its international client portfolio to promote targeted investment opportunities aligned with the country’s development agenda.
The CEO of EDB reaffirmed his commitment to working closely with trusted partners like Standard Chartered Bank to attract impactful investments, foster regional integration, and strengthen Mauritius’s position as a dynamic gateway to Africa.
