First Independent Mena Newspaper
Mauritania must accelerate economic diversification to achieve its ambition of becoming an upper-middle-income country by 2050, the World Bank said in a report published on Nov 24, citing the limits of a development model driven by extractive industries. “The extractive-led growth path is reaching its end,” the Bank said, noting that while Mauritania posted an […]
The World Bank has urged Mauritania to adopt decisive reforms to safeguard macroeconomic stability and promote more inclusive and sustainable economic growth. In a statement shared on social media, the Bank stressed the critical need for economic diversification, highlighting the overreliance on the mining sector as a major vulnerability. It recommended that revenues from mining […]
Equatorial Guinea’s Minister of Mines and Hydrocarbons Gran Canaria on Thursday emphasized his country’s commitment to using its energy resources to diversify the economy. Equatorial Guinea is among the largest oil producers in Africa, with an output of 280,000 bopd. Speaking at the III Oil & Gas Meeting Day, Mr. Canaria gave details on multiple […]