BMICE invested $20 million in Mauritania since its creation
Wednesday, 07 November 2018 16:27
Maghreb Bank for Investment and Foreign Trade (BMICE) informs that since 2015 when it was created, it has invested $20 million in Mauritania’s economy.
Mohamed Djellab (photo), president of the administrative board of the institution created to boost and strengthen economic integration between the five countries of the Arab Maghreb Union (Algeria, Lybia, Tunisia, Morocco, and Mauritania), indicated that these funds were used to finance numerous government projects. He also announced the upcoming opening of a representation of BMICE in Nouakchott.
Apart from financing government projects, BMICE also opened credit lines for private banks. Without providing details on the volume of those investments, the institution explained that the funds were used to finance local trade activities on one hand and on the other, to boost the flow of commercial activities within the Arab Maghreb Union.
Chamberline Moko
Live News
-
Burkina Faso Beats Tax Revenue Target in 2025, Strengthening Fiscal Room
19:08
-
Guinea Overhauls Higher Education to Tackle Youth Unemployment
18:48
-
Luxembourg Offers FinTech Expertise to Help Senegal Scale Its Digital Economy
18:20
-
Cameroon’s Treasury Bill Market Rebounds, Easing Pressure on Short-Term Financing
18:03
-
Congo Considers China’s BeiDou System to Modernize Rail Network and Deepen Digital Ties
18:02
-
Insurtech Cova Uses AI to Simplify Auto Insurance Payments in a Paper-Heavy Market
17:52
-
South Africa Signs Digital Cooperation Pact With Netherlands
16:46
-
Morocco, Portugal Formalize Data Protection Cooperation Amid AI Surge
13:44
-
DRC Moves to Reinforce Online Regulation Amid Rapid Internet Growth
13:36
-
Senegal Police Step Up Meta Cooperation to Tackle Rising Cybercrime
13:33
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...
The government collected CFA501.6 billion in tax revenue in 2025, 22.76% above target. Officials credit reforms and digitalization for the CFA93.12...
The government will tie university evaluations to graduate job placement and track alumni outcomes nationwide. Internships will become mandatory in...
Luxembourg has offered expertise in FinTech, cybersecurity and digital training as Senegal accelerates its tech agenda. Talks focused on...
Congo is exploring the use of China’s BeiDou satellite navigation system to upgrade its railway network. Officials say the technology could...
Rwanda’s capital immediately impresses visitors with its striking cleanliness and orderly layout, qualities that frequently set it apart from other cities...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...