Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  STOCK EXCHANGE OF MAURITIUS LTD, THE  >  MCB Group Ltd    MCBG   MU0424N00005

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

MCB : Foundation Scholarship Award 2017 Presented By Education Minister

share with twitter share with LinkedIn share with facebook
share via e-mail
07/31/2017 | 12:07pm CET

The MCB Foundation Scholarship Award 2017 was presented yesterday, in Port-Louis, by the Minister of Education and Human Resources, Tertiary Education and Scientific Research, Mrs Leela Devi Dookun-Luchoomun, to Mr Rony Busviah. The latter is the student ranked just after the laureates in the Economy listings for the 2016 Higher School Certificate (HSC) examinations. Rony Busviah, the 29th MCB Foundation Scholarship awardee, will be undertaking a four year Bachelor of Business Administration Degree at the University of Thomson Rivers in Canada.

In her address, Mrs Dookun-Luchoomun stated that the Mauritius Commercial Bank (MCB) Foundation Scholarship is a perfect example of the excellent, sustained and regular collaboration that exists between the public and private sectors in the field of education. This collaboration is extremely important as it enables Mauritius to achieve its long-term vision of having more professionals trained in prestigious institutions so as to provide the country with the manpower and human resource to ensure the advancement of our small island, she pointed out.

The Minister emphasised on Government's commitment in providing adequate support in the education sector by increasing the number of scholarships allocated to best performing students while taking into consideration the social aspect. As from 2017, five additional scholarships are being allocated to students with disability to pursue tertiary education and Government has also increased financial support in respect to scholarships. This demonstrates the will to foster our best students so that they can take up innovative tertiary education programmes and which are in line with national priorities of Mauritius, added Mrs Dookun-Luchoomun.

For his part, the Chief Executive Officer of MCB Ltd, Mr Alain Law Min, underscored that the MCB has always given importance to education which constitutes an essential pillar for the development of Mauritius. The MCB considers education as a central component of its social priorities and has thus been engaged in promoting initiatives such as the MCB Rodrigues Scholarship and the MCB Football Academy as well as sponsorship driven actions pertaining to annual competitions namely, Science Quest and National Bee Competition, he added.

Each year, Government offers 68 scholarships at HSC level, while the MCB awards the MCB Foundation Scholarship.

The beneficiary of the MCB Foundation Scholarship gets to choose the University of his/her choice provided the selected course is linked to one of the following fields: economy, finance, information technology or accountancy. Governed by the MCB Foundation Act, the MCB Foundation Scholarship was launched in 1988 to mark the institution's 150th anniversary.

Copyright Government of Mauritius. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on MCB GROUP LTD
12/07 MCB BANK : Special Board Meeting of MCB Bank Limited
12/04 MCB BANK : Notice of Book Closure for Profit Payment / Redemption of 7th Install..
12/04 MCB BANK : Transaction of 25,000 shares of MCB Bank Limited
11/28 MCB BANK : Seventh Redemption - 2nd MCBTFC Issue (Formerly 2nd NIBTFC)
11/24 MCB : Civil Court verdict reveals that Mauritius Commercial Bank had a hand in t..
11/13 MCB GROUP LTD : ex-dividend day for final dividend
11/06 MOODY : affirms Baa3 ratings of two Mauritian Banks, maintains stable outlook
10/25 MCB BANK : Financial results of MCB Bank Limited for Quarter ended September 30,..
10/21 MCB BANK : Transaction of 3,500 shares of MCB Bank Limited
10/19 MCB BANK : Board of directors meeting of MCB Bank Limited
More news
Financials ( MUR)
Sales 2018 16 836 M
EBIT 2018 10 065 M
Net income 2018 7 422 M
Debt 2018 -
Yield 2018 3,49%
P/E ratio 2018 8,58
P/E ratio 2019 8,07
Capi. / Sales 2018 3,64x
Capi. / Sales 2019 3,40x
Capitalization 61 319 M
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 1
Average target price 278  MUR
Spread / Average Target 8,2%
EPS Revisions
Pierre-Guy Noël Chief Executive Officer & Executive Director
M. G. Didier Harel Chairman
Kishore Sunil Banymandhub Independent Non-Executive Director
Gilbert Gnany Executive Director & Chief Strategy Officer
Navin Hooloomann Independent Non-Executive Director