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
-
Côte d’Ivoire Named Guest of Honor at Cameroon’s 2026 Craft Fair
20:59
-
Côte d’Ivoire: EU, EBRD Launch €26.5 Million Facility to Expand SME Financing
20:56
-
World Bank Backs $1.02 Billion Plan to Reshape Congo Basin Forest Economy
20:40
-
Guinea Raises 2026 Budget 18.3%, Targets 9.5% Growth Under Simandou 2040 Plan
20:36
-
IMF appoints Mauritania’s Zeidane to head Africa Department
18:56
-
BCEAO sets June 30 deadline for operators to join instant payment platform
18:52
-
Cameroon higher education group plans microfinance bank for student startups
18:34
-
Internet Freedom in Africa Remains Uneven in 2026 Despite Rising Access
18:30
-
Cameroon Delivers Tractors to Agropoles to Scale Production and Agro-Processing
18:28
-
Togo receives CFA1.6B Chinese rice donation to support food security
15:01
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...
Event to promote crafts, innovation and regional cooperation Fair expected to boost market access and partnerships for artisans Côte d’Ivoire has...
World Bank backs $1.02 billion Congo Basin forestry program Initiative targets jobs, sustainable management and emissions reduction Project aims...
Guinea adopts $7.3 billion budget for 2026, up 18.3% Plan targets growth, fiscal discipline and Simandou 2040 program Economy expanding but...
IMF, Rwanda reach staff-level agreement on 38-month ECF program Plan targets macro stability, fiscal management and private sector growth Economy...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...