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
-
African artists face a ‘geographic penalty’ in streaming payouts despite 22% revenue growth
18:47
-
Ethiopia to Reopen Talks on $1 Billion Eurobond Restructuring After Creditor Concerns
18:43
-
Crypto Sovereignty Was CAR’s Goal. A Report Says Crime Risks Took Hold Instead
18:40
-
Halima Gadji, between the glare of fame and the darkness backstage
18:35
-
Cameroon Ratifies Air Deal With Qatar, Opening Market to Qatar Airways
17:51
-
State Oil Firm SNH Reshuffles Leadership, Names Five Women to Senior Roles
17:48
-
Chinese Addax Petroleum accounts for about 30% of Cameroon oil output in 2025
18:02
-
Cameroon plans CFA4bn investment to improve Memve’ele hydropower reliability
17:53
-
Morocco Signs Three Deals to Strengthen Digital Offshoring
13:51
-
Khouloud Abada Launches RenYou to Streamline Skin Health Follow-Up
13:08
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Circular migration is based on structured, value-added mobility between countries of origin and host...
Urban employment reached 53.7% in WAEMU in early 2025 Most jobs remain informal, low-paid, and in...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new form of economic and digital independence. In practice,...
Ethiopia is placing technical and vocational training at the core of its growth strategy The policy targets youth employment amid high urban...
Madagascar accounts for nearly 60% of Africa’s clove output and export earnings Tanzania and Comoros rely heavily on cloves as key agricultural export...
Health developments range from the official end of the Marburg outbreak in Ethiopia to the launch of a central health data repository by Africa CDC. At...
Streaming dominates music, reshaping royalties and artist income worldwide Sub-Saharan Africa grows fast, but payouts stay far lower Platform, region,...
Halima Gadji, the actress behind Marème, one of the most striking characters in the history of Senegalese television, has died. She was laid to rest on...