Mauritius Investment Corporation (Mic)

The Mauritius Investment Corporation (MIC) Ltd is a private limited company fully owned by the Bank of Mauritius. The MIC has been established with a world-class governance structure and complies with international management norms that promote ethical awareness and transparent management. Geared towards the future in mind, the MIC is a strategic accelerator, investing to ensure the nation’s wealth enhancement. In a context marked by uncertainty over the duration and depth of the COVID-19 crisis, the Bank of Mauritius, has set up the Mauritius Investment Corporation Ltd in June 2020. The establishment of the MIC is fully in line with the Bank of Mauritius’ mandate which is to ensure an orderly and balanced economic development of the country as well as safeguard the stability and soundness of the financial system. The structure of the organisation is founded on homogeneous grounds, framed by corporate governance and business ethics. The MIC’s corporate structure consists of a board of directors, chaired by Lord Meghnad Jagdishchandra Desai along with the First Deputy Governor and the Second Deputy Governor of the Bank of Mauritius. It also comprises of high-calibre independent members from the private sector.