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
-
Togo Continues Biometric ID Rollout in Maritime Region, Adds Zio
15:18
-
Togo Accounts for 16.2% of WAEMU Cross-Border Lending to Top Firms
15:16
-
WACS Cable Outage Disrupts Internet Services Across Congo
14:58
-
TotalEnergies Sells Nigerian Oil Interests to Local Firm Vaaris Resources
14:55
-
Amethis Closes $472 Million Pan-African SME-Focused Fund
14:52
-
Angola’s Sovereignty Premium: How Debt Strategy Is Being Repriced as Geopolitical Agency
14:11
-
ECOWAS Urges Grid Interconnection and Regulatory Alignment for Energy Transition
10:13
-
Togo Launches Study to Map Agroecological Practices in Plateaux-Ouest
10:06
-
European consortium leads bid to build Kribi bitumen plant
05:16
-
Cameroon’s power purchases from IPPs rise 17% to CFA156.1bn in 2024
18:10
Development Partners International sold its 20.17% stake in Atlantic Business International for mo...
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...
Ivory Coast expects a new government after the prime minister and cabinet resigned following Decem...
African startups raised about $3.1 billion in 2025, up from $2.2 billion in 2024, accord...
A general technical failure on the WACS subsea cable disrupted internet access across the Democratic Republic of Congo. Regulators said maintenance...
TotalEnergies agreed to sell a 10% non-operated stake in Nigerian onshore and shallow-water assets to Vaaris Resources. The assets contributed...
Angola is paying a high “sovereignty premium,” swapping oil-backed Chinese debt for costly market financing to regain control over production and...
Deglet Nour production seen rising 18.3% year on year Higher output expected to boost date exports and revenue Tunisia’s date harvest is...
Located at the mouth of the Senegal River, about twenty kilometers from the Atlantic Ocean, Saint-Louis Island holds a distinctive place in the country’s...
Benin considers hosting a pan-African cultural event inspired by FESMAN but plans to use a different name. Culture Minister Jean-Michel Abimbola...