MIC to reveal the list of beneficiaries of funds

The list of companies that have benefited from the funding of the Mauritius Investment Corporation (MIC) will be made public in its upcoming Annual Report.

Mark Florman, the newly-appointed Chairman of the MIC told Defi Media he will “Iensure that all procedures are respected.”

“We believe in complete transparency. Procedures are in place with regards to approval, disbursement and follow- up of every investment initiative,” he said.

The Annual Report, he added, will be submitted to the Bank of Mauritius, the MIC’s parent entity, in October 2021. “I have received the assurance of the BoM that all details pertaining to the MIC’s activities and operations will be published in a very transparent manner.”

One of its first initiatives, Mark Florman said, will be to make our Investment Policy and our Investment Charter available to the public. With regards to funding, he said listed companies are expected to disclose all sources of external funding, “which they did.”

Concerning non-listed companies, the MIC is reportedly working on Disclosure Agreements.

The identity of non-listed companies will also be communicated in the Annual Report, he said.