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
-
Spain’s GB Foods acquires 2,428 hectares in Ghana for tomato production
11:16
-
Senegal opens applications for ‘Goin’ Digital’ startup program
11:06
-
Gabon Revives Maboumine, Draws Indonesian Interest in Rare Earths Push
10:53
-
Congo buys back $354 mln of 2032 bond, eases refinancing pressure
10:46
-
Sub-Saharan Africa’s top universities named in QS ranking as enrollment lags global average
10:35
-
South Africa to host Healthcare Innovation Summit Africa in May
09:27
-
EV Startup Spiro Lands $7M to Scale Electric Motorcycle Fleet
08:58
-
Togo's KYA-Energy Group expands to Côte d'Ivoire
08:44
-
Togo's Median Age of 18 Poses Jobs Challenge as Population Grows
08:28
-
Five banks back CFA41bn financing for Grand-Zambi iron project
19:56
Absa Kenya hires M-PESA’s Sitoyo Lopokoiyit, signalling a shift from branch banking to a telecom-s...
Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...
MTN Group has no official presence in the Democratic Republic of Congo, where the mobile market is d...
Ghana has 50,000 tonnes unsold cocoa at ports Cocoa prices fell from $13,000 to around ...
This week in Africa, Africa CDC is stepping up its drive for health sovereignty, building new partne...
GB Foods acquires 2,428 hectares for tomatoes in Ghana Land to supply Tema tomato processing plant Ghana imports average 54,361 tons paste...
NEM, Perminas sign MoU on Gabon’s Maboumine project Perminas may take equity stake in rare earths mine Project targets 18,000 tons rare earths...
Nine South African universities top sub-Saharan QS rankings University of Cape Town ranked first regionally Region’s higher education faces...
Fiscal consolidation and aggressive tax collection are draining liquidity from Ivorian SMEs, even as the headline GDP growth exceeds six per...
“Dao” ranks among the three films in official competition at the 76th Berlinale and marks Alain Gomis’ second bid for the Golden Bear. The film...
Fort Jesus is a fortress located in Mombasa, on Kenya’s coastline, at the entrance to the natural harbor that long made the city a hub of trade in the...