Overview 

The Development Bank of Mauritius (DBM) is a key institution driving the economic development of Mauritius. It provides medium and long-term financing facilities to a wide range of sectors, including agriculture, fishing, tourism, construction, textiles, manufacturing (including ICT and biotechnology), and transport. DBM’s tailored financial solutions support business growth, fostering innovation, job creation, and sustainable development.

Sectoral Focus

DBM’s financing extends to various crucial sectors:

  • Agriculture and Fishing: Supporting traditional and modern agricultural practices and enhancing the fishing industry.
  • Tourism: Funding projects that boost the tourism sector, a significant contributor to the Mauritian economy.
  • Construction: Facilitating development in the construction industry.
  • Textiles and Manufacturing: Including support for ICT and biotechnology industries.
  • Transport: Enhancing the transport infrastructure and services.

Support for SMEs

DBM places a strong emphasis on supporting small and medium enterprises (SMEs) through specially designed schemes. These initiatives address the unique financing needs of SMEs, enabling them to:

  • Access capital for growth and expansion.
  • Modernise operations.
  • Enhance competitiveness.

By providing easier access to finance, DBM strengthens the resilience and competitiveness of the SME sector, which is vital to the Mauritian economy.

Subsidiaries

To further its mission, DBM has established two new subsidiaries:

  • DBM Financial Services Limited: Offers specialised financial products and services.
  • DBM Venture Capital Fund Limited: Provides seed capital to entrepreneurs, particularly in the ICT sector. This subsidiary supports early-stage ventures, fostering innovation and technological advancement.

DBM Venture Capital Fund Limited

This subsidiary is pivotal in promoting entrepreneurship within the ICT sector by offering seed capital to early-stage ventures. This support helps:

  • Develop innovative solutions.
  • Create new technologies.
  • Position Mauritius as a hub for technological advancement and digital innovation.

Impact and Contributions

Through its comprehensive range of financing facilities, sector-specific initiatives, and support for SMEs and startups, DBM:

  • Drives economic diversification.
  • Promotes entrepreneurship.
  • Fosters sustainable development across Mauritius.

By empowering businesses with access to capital and strategic support, DBM continues to catalyse growth and innovation, contributing to the long-term prosperity of the Mauritian economy.

Conclusion

The Development Bank of Mauritius (DBM) is integral to the economic development and diversification of Mauritius. Through its financing facilities, support for SMEs, and initiatives promoting innovation and entrepreneurship, DBM plays a crucial role in fostering sustainable development and ensuring the prosperity of the Mauritian economy.