DBM - Development Bank of Mauritius
DBM FINANCIAL SERVICES LTD (DBMFS) is a wholly owned subsidiary of DBM LTD (incorporated on 29 July 2002) whose initial main activity was to recover debts of the EX-MCCB Ltd (in liquidation). In January 2008, DBMFS started its activities as an insurance agent of SICOM. As from 27 April 2021, the company has obtained an extended licence with the FSC to sell products(Life and General) for SWAN and MUA.
The Development Bank of Mauritius Ltd has always been committed to address the issues of environmental and climate changes in the country. It has been the first financial institution to provide finance for the purchase of solar water heaters in order to encourage people to adopt renewable energy sources for their domestic consumption.
Now it has incorporated DBM Energy Ltd, its wholly owned subsidiary, to invest the renewable energy sector.
DBM Energy Ltd aims to tap non productive surface areas such building roof tops and reservoirs instead of land which is limited in the country to produce electricity from PV plants.