Author: El hadji Ibrahima Dia

“We are employers and promoters of local content in Mauritania,” says Mohamed Mahmoud ELEMINE VALL, President of Nassra Group for Investment (GNI). Interview. Can you tell us about your GROUP, which is a significant economic player through its activities, mainly in ship repair? How did it start and what is its credo? Mohamed Mahmoud ELEMINE VALL: Nassra Group for Investment (GNI) was founded over three decades ago, following an experience I gained during the 1980s in the financial sector at a foreign banking institution in Mauritania. Today, GNI operates in several fields besides ship repair, mainly in fishing, trading, mining,…

“I firmly believe in individual action, every woman must understand that being a woman and a leader is very possible. We are not born a leader, we become it! ” Interview by Dia El Hadj Ibrahima, Nouakchott. Financial Afrik spoke to the first Mauritanian to run a bank. After a university career which took her to Switzerland, Tunisia, Spain and the United States, Dr. Leila Bouamatou returned to Mauritania to head the paternal bank, Générale de Banque de Mauritanie. She made her debut in 2009 as head of the treasury of the Générale de Banque de Mauritanie (GBM). For four…

Mauritanian President Mohamed Ould Cheikh El Ghazouani instructed to suspend the AAAID 3,200 hectare project in Dar El Barka. The announcement was made on June 19, 2021 by the Minister of the Economy and the Promotion of Productive Sectors, Ousmane Kane, traveling in this commune located 350 km south of Nouakchott. The suspension of this project attributed since 2015 to AAAID, an association of Arab investors, which is currently carrying out 25 projects in 12 countries, is a significant gesture launched by the government towards the peasants of Dar El Barka opposed to the expropriation of their lands. It is…

The city of Kaédi, regional capital of Gorgol, 400 km south of Nouakchott, capital of Mauritania, hosted, on Monday June 7, 2021, the launching ceremony of the second phase of the Sahel Women’s Empowerment and Demographic Dividend program (SWEDD 2 ) of the World Bank. Four ministers including Kane Ousmane Mamoudou, Mauritanian Minister of the Economy and Productive Sectors, the resident representatives of the United Nations Population Fund (UNFPA) and the World Bank, diplomats, notables and politicians responded to this report. great meeting. The SWEDD2 program was launched by the First Lady of Mauritania, Ms. Mariem Mohamed Fadel Dah. An…

Despite the South African authorities’ attempt to consolidate public finances to contain debt, Moody’s and Fitch remain skeptical. In a press release on Monday, March 1, the two financial rating agencies maintain that South Africa’s debt will bear an increasingly heavy burden. The South African government, in drawing up its 2021 budget, has made adjustments to not only reduce the budget deficit, but also to deal with debt which reached 55.6% of GDP in 2019. However, Moody’s has indicated that these adjustments are modest and will not prevent the burden of public debt from increasing over the next three years.…

Shaken by the effects of the Coronavirus, the profits before taxes (BAI) of Kenyan banks fell drastically over the 11 months of 2020. According to Central Bank (CBK) data released on February 1, 2021, BAI fell 28.2 percent to 107.7 billion shillings ($ 979.15 million) from 150.1 billion shillings ($ 1.3 billion) a year earlier. This represents their lowest level in 8 years in the banking sector which has seen a history of strong profit growth. Based on a few indicators, the net profit in the banking sector for the year 2020 was likely to decline. From this perspective, several…

South Africa and Nigeria join the ZLECA On the occasion of this summit of the African Union, which is held in Nouakchott until July 2, Mauritania delivered on the wire the International Conference Center ” Al Mourabitoune ” with 5,000 places and 300 offices and spaces of presidential breaks for the trifle of 14 billion Ouguiyas or 35 million euros. The book, supervised directly by Mauritanian President Mohamed Ould Abdel Aziz, was produced by businessman Zeine Elabidine Ould Cheikh Ahmed, who is also president of the business. Realized in less than 10 months, this book is added to the airport…

Chief Executive Officer of the Maghrebian Bank of Investment and Foreign Trade (BMICE) since January 2016, Noureddine Zekri has the heavy task of giving a concrete reality to this Maghreb institution which has just granted its first loan operation. Interview. Can you come back to the BMICE’s missions and objectives? To give you some pointers, the Maghreb Bank of Investment and Foreign Trade (BMICE) aims to strengthen the integration of the five countries of the Arab Maghreb Union (UMA): Libya, Tunisia, Algeria, Morocco and Mauritania . It is a geographical area with potential and opportunities not yet exploited and its…

By Dia El Hadj Ibrahima, Tunis The first edition of the African Economic Forum has just started in Tunis in the presence of more than eight African Ministers, the IDB, the Director General of BADEA who is a partner of the event and major economic and political figures from different countries. The official opening was made by the head of government who, despite his busy professional schedule, was able via a video conference to welcome the honorable guests of Tunisia. More than 800 participants took part in this great economic meeting. The objective of this forum would be to bring…

Dia El Haj Ibrahima, special envoy Organized by the Africa Arab Investment and Trade Center, the fifth edition of the Trade and Investment Forum was held in Algiers on March 31 and April 1, 2018. This year’s theme was “Africa, Technology, Development”. Some 600 visitors and exhibitors from more than 26 nationalities were counted. According to the director general of the forum, Amine Boutalbi, “the priority is to make this center a true hub promoting meetings and exchanges of skills contributing to the economic development of the continent.” Make Algeria a real gateway for investors More than 130 meetings in…