CIEL owns 75.1% of CIEL Finance Limited, in partnership with Amethis Finance, an investment vehicle dedicated to Africa, with a total investment capacity of USD 530M.

  • banking

  • fiduciary services and companies / funds administration

  • asset management

  • private equity

Cluster's Financial Results

Revenue for the year
ended 30 June 2019 (MUR)

2018 : MUR 2,611M



PORTFOLIO - Asset Management

PORTFOLIO - Fiduciary Services and Companies / Funds administration

PORTFOLIO - Private Equity

Business Sectors Leading International Partners




finance Bank One

  • Bank One

    CIEL, in partnership with the Kenyan banking institution I&M Bank, acquired Bank One in February 2008. Bank One provides a wide range of banking and financial products and services and caters for both domestic and international markets. It offers financial solutions at private, retail and corporate levels and currently operates 13 branches throughout Mauritius.

finance BNI Madagascar

  • BNI Madagascar

    BNI is one of the largest commercial banks in Madagascar and is a major player in the corporate banking segment. With over 1000 employees, BNI runs 81 modern branches, including 27 in Antananarivo and its surroundings, and a network of more than 100 ATMs.

finance IPRO

  • IPRO

    IPRO, Investment Professionals Ltd, is a group focused on managing funds invested in Africa, India, Mauritius and Botswana. The group has been operating in Mauritius since 1992 and in Botswana since 2007.

    The four main investment funds managed by IPRO are African Market Leaders, a pan-African listed equity fund, African Absolute Return, a pan-African fixed income fund, IPRO Growth Fund and Ponelopele Fund, which have the majority of their assets invested in Mauritius and Botswana respectively. IPRO cumulates significant regional investment experience and provides its clients with investment solutions in:

    • Africa fund management & advisory services
    • India & Mauritius fund management
    • Portfolio Management to private clients
    • Fund administration services
    • Stockbroking

finance MITCO


    MITCO is a Trust and Corporate Services Group duly licensed by the Mauritius Financial Services Commission since 1993.

    The MITCO Group has built a reputation for providing value added services which enables their clienteles to attain their objectives. 

    Their services are tailor made for:

    • Corporates, Institutions and Funds
    • Entrepreneurs, Private clients and Family offices

    The services offered by the MITCO Group encompass advisory, structuring, set-up, administering, company secretarial, compliance, professional outsourcing and back-office.

    To achieve their goals and objectives, they have dedicated teams of professionals with extensive experience internationally, as well as a long-standing business relationship with professional partners worldwide.

    The main role of MITCO Group is to guide their clients with their projects and provide reengineered and restructuring solutions adaptable to the changing environments, determining factors and times, to suit and match each and every client’s requirements and ambition.

    The headquarter of MITCO Group is in Mauritius, with foreign offices in South Africa (Durban and Johannesburg), Côte d’Ivoire (Abidjan), Kenya (Nairobi) and Seychelles.

finance Kibo Capital Partners

  • Kibo Capital Partners

    Kibo Capital Partners is a private equity management company, domiciled in Mauritius and licensed by the FSC as CIS Manager. Kibo Capital Partners is a venture between CIEL Finance, the financial services arm of CIEL Limited and the firm’s management team. Kibo Capital Partners has currently two funds under management, The Kibo Fund LLC and The Kibo Fund II LLC, with assets totaling USD 100M. These funds target growth companies in Eastern and Southern Africa and the islands of the Indian Ocean.


    The Kibo Fund LLC

    Fund Size : EUR 29M

    Launch Date : 2008

    Stage : Fully invested

    The cornerstone investors in the Fund are CIEL, FMO and DEG. The other investors are Swan and regional investors. The fund is fully invested and has made two exits.


    The Kibo Fund II LLC

    Fund Size: USD 50M

    Launch Date: 2014

    Stage : Investment stage

    The cornerstone investors are the IFC, the AFDB and DEG. The other investors are CIEL Limited and Swan, both investors in The Kibo Fund LLC, and a number of other investors including European pension funds and family offices. The Fund has currently invested in the healthcare and logistics sector.

finance ProContact

  • ProContact

    ProContact Ltd (PCL), incorporated in 2001, merged with ProContact Execom, a subsidiary of CIEL in 2011.  ProContact aims to become one of the leading outsourcing companies in the Indian Ocean. The company is structured into several clusters: PCL Marketing, PCL Services, PCL Help Desk, PCL Etudes, PCL Back Office and PCL Finance.

Azur - Treasury Manager


Career Opportunity

Azur Financial Services Ltd, a subsidiary of CIEL Corporate Services Ltd, licensed by FSC and providing treasury management services to companies of CIEL Group, is looking for a professional interested in the following position:

Treasury Manager

The Position

This position reports to the Head of Treasury (HT) of the Company and your missions will be to:

- Assist in the assessment of Clients (CIEL Group Network)’ treasury risk
- Propose best practice policies and strategies to enhance efficiencies, preserve assets and reduce costs
- Adhere to company / client treasury policies and uphold treasury control / best practices.
- Prepare and submit treasury reports on completed transaction, cash flow and market evolution to the HT and the Clients.
- Assist in company and group client’s cash management activities
- Deal for company and Clients on the local foreign exchange and Money Markets.
- Anticipate borrowing needs and identify inter-company funding opportunities for investment
- Liaise and negotiate with banks to benefit from the best facilities
- Handle Clients’ queries as may be required

Main Requirements

- Degree in Finance or equivalent
- Master’s Degree in Finance or Risk management and/or Professional Qualification: ACCA or CA
- Corporate Treasury / Forex Dealing qualifications would be an advantage
- At least 5 years of experience in a Corporate Banking, Corporate Treasury or Bank Treasury environment.
- Good knowledge of financial market (locally / internationally) and treasury risk management instruments.
- Ability to effectively handle multiple priorities, organize workloads and meet tight deadlines
- Well versed in Microsoft Office Programs, particularly Excel
- Previous experience with any accounting or treasury software applications
- Excellent presentation and communication skills


If you think that you have the right profile for this position, please send your CV & motivation letter by e-mail, bearing Ref TM07/18, to

The Human Resource Department
CIEL Corporate Services Ltd
Closing date: 31st August 2018


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Azur - Treasury Manager
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Career Opportunity

MAURITIUS INTERNATIONAL TRUST COMPANY LIMITED (“MITCO”), a subsidiary of Ciel Finance Limited and which forms part of CIEL Group, is currently looking for experienced professionals with a pro-active attitude to service its portfolio of demanding international corporate and private clients for the above positions.


Senior Relationship Officer

In this position, you will be responsible for the comprehensive administration of all companies allocated to you and to assist team members, as and when required.


Key Responsibilities

  • Administer a number of Global Business Companies and trusts in a professional manner to keep the entities in legal and good standing
  • Ensure all correspondences and other communication is attended to professionally and promptly to ensure a consistently high standard of service;
  • Ensure a proper communication line with your clients for consistent high standard of service
  • Follow and comply with established company and regulatory policies and procedures
  • Maintain an awareness of and comply with all anti-money laundering laws, regulations, policies and procedures relevant to MITCO;
  • Make known to management and compliance department all matters involving litigation, potential litigation, claims, potential claims, complaints, potential complaints against the company.


Main Requirements

  • Holder of a relevant degree (e.g. Management, Law, Finance)
  • At least 4 years’ experience in the Global Business Sector
  • Either ACIS or STEP qualified, or partly qualified
  • Excellent written and spoken English and French
  • Ability to work under pressure
  • Computer literate and at ease with updated IT software


If you think that you have the right profile for this position, please send your CV & motivation letter to:

The Human Resource Manager, bearing reference SRO10/18, by e-mail on or by post on the following address:

  • MITCO,
  • 4th Floor, Ebene Skies
  • Rue de L’Institut, Ebene 80817


Closing date:  02nd November 2018



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