First Independent Mena Newspaper
Kanosak Capital Venture Corporation has announced that it has acquired 90 percent interest in ‘’la Société Mauritanienne d’Exploration’’ (“SEM”) from Wafa Mining and Petroleum S.A., a Mauritanian company. In exchange for the acquisition, Kanosak, a Canada-based capital pool company, issued 100,000 common shares and paid US$100,000 in cash. Additional contingent consideration of common shares and […]
At least some 37 foreign workers, who were taken lately hostage by Islamist militants linked to Al Qaeda at a gas plant in Southern Algerian city of In Amenas, were killed during a military operation launched by the Algerian Special Forces to release the captives and retake to the gasfield compound. The identified slain hostages […]
Preparations are in high gear for the 3rd edition of the ‘festival des villes anciennes’ which will begin on the 24th of this month in the isolated historic town of Tichit. The final touches are being made by the organizing committee and the president of the committee Sidi Ali Ould Sidi Ali said they have […]
Mauritania is under the radar of France Telecom in its expansion plan in Africa and the Middle East region. The head of strategy and development of the company, Elie Girard said they are yet to begin procedures but said it will “be very valuable” if they can “manage to enter Benin, Togo, Burkina and Mauritania.” […]
The economic integration of the Maghreb is being discussed for the fifth time at the regional congress in Nouakchott organized by the Central Bank of Mauritania (BCM) in collaboration with the International Monetary Fund (IMF). Participants at the congress vary from different walks of life ranging from ministers, governors from issuing banks, financial experts, economists […]
China and Mauritania have signed an agreement to finance development projects in the latter up to the tune of 10.7 billion Ouguiyas. Of this amount, 4.871 billion ouguiyas will be in the form of a non-refundable donation while 5.845 billion ouguiyas will be given as a loan without any interest. The Minister of Economic Affairs […]
Libya and Tunisia have reopened lately their crossing border post of Ras Jdir which was closed over security concerns and infiltrations of armed groups that threatened the security in the two North African countries that have changed their despotic ruling regimes. The decision was made by Libyan Prime Minister Dr Ali Zidan and his Tunisian […]
Algerian military forces have launched lately a large scale combing campaign targeting Islamist militants groups operating in the Boumerdes-Tizi-Ouzou-Bouira triangle, stronghold of al-Qaeda in the Islamic Maghreb (AQIM) and its affiliates. This campaign comes as the international community braces for military action to dislodge the radical Islamist forces occupying northern Mali after a coup in […]
Yahya Ould Hademine, Minister of Works and Transport paid a courtesy call to the town of Kaédi in the region of Gargol where he held a meeting with officials of the region and discussed subjects related to the rehabilitation of the airport Kaédi, which will be part of the five airports across the country meet […]
Relationships between Mauritania and Libya have become more active after the end of the Libyan uprising which started in Misrata and ended up uprooting Ghaddafi from power with the help of forces from the North Atlantic Treaty Organization. In a recent development, their chambers of commerce have decided to reinforce the interactions between the two […]