On opportunities for increased cooperation What role can foreign direct investment (FDI) play in boosting Mauritania’s economy, and in which sectors do you see the most opportunities? LAM: Attracting more FDI to Mauritania will be a major goal of the country’s Industrial Acceleration Plan in the near term. Our main focus is on productive sectors, such as agri-business, livestock raising…
On strategies to attract investment, improve infrastructure and support businesses How has the Covid-19 pandemic impacted the economy, and what moves are ensuring that Mauritania can attract investment going forwards? KANE: The measures taken to limit the spread of the virus have had a negative impact on economic activity. As a result, GDP performance shifted from growth of 5.9% in 2019…
Mauritania is determined to contribute to the development and deepening of its economic and commercial partnerships with the countries of the continent by taking advantage of its geostrategic position and natural resources, as well as promoting the private sector, a favourable business climate and the numerous investment opportunities that our country offers. Significant investments have been…
The Ministry of Petroleum, Mines and Energy (MPME), which leads the energy sector, has the primary objec-tives of boosting equal access to energy, developing low-carbon solutions, and positioning the sector as an engine of growth and job creation. The Regulatory Authority issues licences, which are approved by the MPME, and ensures adherence to the 2001 Electri-cal Code. A new electrical code taking…
Over half of Mauritania’s population derives its live-lihood from fishing and raising crops and livestock, indicating the potential impact of the expansion of agri-business value chains on the economy. The agri-culture sector accounted for around 20% of GDP in 2020, but there is scope for this to increase if part-ners such as the International Fund for Agricultural Development (IFAD), the African…
The discovery and subsequent development of the Greater Tortue Ahmeyim natural gas field on the maritime border with Senegal has brought Mauritania’s economy to an important turning point. With first gas in the $4.8bn project backed by BP and Kosmos Energy expected in 2023, the government is set to receive a vital new injection of tax revenue that could help make the long-held goal of economic diversification…
Mauritania, which has historically been classified as a subsistence economy, is working to add value to traditional industries and leverage new sources of revenue to create sustainable and inclusive growth. Decades of over-reliance on exports of iron ore, gold and crude oil fostered a cycle of boom and bust as the country was exposed to fluctuations in global demand for commodities. Meanwhile,…
Mauritania sits at a historic trading crossroads between North and sub-Saharan Africa, and boasts a rich commercial, cultural and religious history. CLIMATE & GEOGRAPHY The country is hot, dry and windy, and receives little rainfall over the course of the year, which contributes to ongoing desertification. Mauritania’s monthly temperature exceeds 25°C year-round, with the hot season…
