The Casablanca Stock Exchange has partnered with Mauritania’s central bank to create the country’s first stock market in Nouakchott, aiming to boost economic development and attract foreign investments. The new exchange will receive comprehensive support from the Casablanca Stock Exchange, facilitating Mauritania’s integration into the global financial system.
On Friday, the Casablanca Stock Exchange along with Mauritania’s central bank announced the signing of a pivotal agreement to establish the nation’s first stock market in Nouakchott. This initiative is integral to Mauritania’s goals of economic development, ensuring enhanced financing diversity and stimulating foreign investment, as stated in their joint declaration.
The Casablanca Stock Exchange will provide vital technical, operational, and strategic assistance necessary for the establishment of the new exchange in Nouakchott, underscoring the collaborative effort to facilitate Mauritania’s integration into the global financial framework.
As a country rich in natural resources such as iron ore, gold, copper, and emerging gas supplies, Mauritania is keen to diversify its economy and beckon international investors. Notably, the Casablanca Stock Exchange ranks as the second largest in Africa, boasting a market capitalization of 899 billion dirhams (approximately $97 billion) as of April 18, 2025. Furthermore, Moroccan banks and firms are making significant investments within various sectors across West Africa, including insurance, fertilizers, mining, telecommunications, and real estate.
In conclusion, the collaboration between the Casablanca Stock Exchange and Mauritania’s central bank represents a strategic move towards establishing the first stock market in Mauritania. This initiative aims to foster economic diversification, attract foreign investment, and integrate the country into the international financial arena, thus paving the way for sustainable economic growth.
Original Source: www.tradingview.com
