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
-
Canadian junior miner Kobo seeks up to $4M to accelerate gold exploration in Côte d’Ivoire
12:13
-
Arcius Energy, set up by BP and ADNOC, plans two gas wells in Egypt
12:12
-
Ukraine Eyes Mozambique LNG Amid War-Driven Output Losses
11:47
-
Behind Togo's 0.4% Inflation: Cheaper Grain for the Rural Poor, Steeper Energy Bills for City Dwellers
11:23
-
Rwanda Eyes Dairy Council to Address Sector Weaknesses, Raise Output
11:12
-
South African Fintech Happy Pay Secures $5M to Scale Interest-Free BNPL Solution
08:54
-
Innovate for Impact 2026 Opens Applications for Global AgTech Startups
08:30
-
Libya: iCard Targets Unbanked Users with Mobile and Prepaid Solutions
20:28
-
Joe Kinvi Launches Borderless to Digitize Collective Management
20:25
-
Togo: Parliament ends extraordinary session, adopts four bills
16:59
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...
Kobo to raise up to C$5.52 million for Côte d’Ivoire exploration Funds target Kossou drilling, maiden resource estimate by mid-2026 Company advances...
Arcius Energy plans two gas exploration wells offshore Egypt BP-ADNOC venture targets eastern Mediterranean resources, timeline undisclosed Expansion...
Ukraine explores LNG imports from Mozambique after leaders’ talks War damage halves output, drives Ukraine’s shift to imports Mozambique LNG offers...
Rwanda plans dairy council to regulate milk value chain Body targets costs, low incomes, weak sector coordination Plan supports output goal of 1.32...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...