Emerging Markets Headlines Mauritania Morocco

Moroccan Economic Week in Nouakchott in December

As Morocco prepares for the upcoming Moroccan Economic Week in Nouakchott this December, both Morocco and Mauritania have reaffirmed their shared dedication to enhancing cooperation across various sectors, aiming to promote regional stability and security. The second edition of the Moroccan Economic and Cultural Week is scheduled to take place in Mauritania’s capital, Nouakchott, from […]

Finance Headlines Mauritania

IMF supports Mauritania to continue economic reforms with nearly $48 million

The Executive Board of the International Monetary Fund (IMF) has announced a preliminary agreement to provide financial support to Tanzania and Mauritania, totaling approximately $428.15 million, to help both countries pursue crucial economic reforms. For Mauritania, the IMF will disburse around $39.7 million through the Resilience and Sustainability Facility (RSF), alongside an additional $8.6 million […]

Algeria Columns Europe Headlines International Mauritania Morocco

ECJ’s political bias emboldens separatism in north Africa

The European Court of Justice has delivered a ruling stating that the EU trade deals with Morocco are invalid because they covered goods from the Sahara territory, in a verdict that emboldens separatism and undermines ties between the EU and its most stable partner in the southern Mediterranean. The ruling was more of a political […]

Africa Energy Headlines International Mauritania

Mauritania-Senegal: Production of the “Grande Tortue Ahmeyim” gas field planned for early 2025

Mauritanian Minister of Energy and Petroleum, Mohamed Ould Khaled, has announced that the extraction operations from the joint gas field with Senegal, designated as the Grande Tortue Ahmeyim (GTA), are projected to start in early 2025. During his address at the inaugural Mauritanian-Senegalese Economic Forum in Dakar, which commenced earlier this week under the theme […]

Business Emerging Markets Headlines Mauritania

Mauritania: Aya Gold & Silver Inc. announces spin-off and creation of growth-oriented gold company

Aya Gold & Silver announced a preliminary agreement to sell its Tijirit mine in Mauritania to Mx2 Mining, a new company focused on developing gold projects in North Africa. As part of the deal, Aya will invest approximately CAD 7.5 million in Mx2, making it the majority shareholder and securing two seats on the Board […]

Business Emerging Markets Energy Features Headlines Mauritania

First edition of Senegal-Mauritania Economic Forum scheduled in Dakar

The inaugural Senegal-Mauritania Economic Forum is scheduled for September 30 to October 1, 2024, at the Radisson Blu in Dakar. The event will center on the theme, “Economic Integration Amidst Energy Transition: The Role of the Private Sectors in Senegal and Mauritania.” Amidst a global shift toward energy transition, the Senegal-Mauritania Economic Forum seeks to […]

Business Features Finance Headlines Mauritania

World Bank and Mauritania strengthens cooperation over digitization

On Monday September 9 in Nouakchott, Khaled Abidine Sidi, Secretary General of the Ministry of Digital Transformation and Modernization of Administration, met with a delegation from the World Bank Group led by Ousmane Diagana, the Bank’s Vice President for West and Central Africa. In his remarks, Sidi highlighted that the meeting centered on enhancing cooperation […]

Business Emerging Markets Headlines Mauritania

Mauritania: Towards reduction of prices of certain staple foods

The Mauritanian Ministry of Commerce announced a new memorandum of understanding with the Federation of Commerce, aimed at lowering the prices of essential foodstuffs. This agreement seeks to alleviate the financial strain on Mauritian consumers by stabilizing the cost of basic groceries amid challenging economic conditions. According to the Ministry’s statement, the new pricing concerns […]

Features Headlines Mauritania

Mauritania: Telecom operators ordered to improve services by September 22 or face heavy penalties

Mauritania’s Ministry of Digital Transformation and Modernization of Administration has mandated that telecom operators improve the quality of their services by September 22, 2024, or face substantial financial and administrative penalties. The ministry’s memorandum outlined potential sanctions, including a reduction of up to three months from the duration of existing licenses and fines of up […]

Africa Europe Headlines International Mauritania

Spain’s PM on West African tour to stem migration flow, signs deals with Mauritania, Gambia

Spanish Prime Minister Pedro Sanchez agreed with Mauritanian president Mohammed Ould Ghazouani to stem migration flows, as part of a West African tour that will lead him to Gambia and Senegal. The Canary Islands, located close to the African coast and used as a stepping stone for migrants and refugees trying to reach Europe — […]