Mauritania is set to establish its first stock market with the help of the Casablanca Stock Exchange, aimed at boosting economic development and attracting foreign investment. The agreement highlights the new bourse’s role in integrating Mauritania into global finance.
On Friday, the Casablanca Stock Exchange and Mauritania’s Central Bank signed an agreement to establish the country’s inaugural stock market in Nouakchott. This initiative aims to bolster Mauritania’s economic development and diversify financings while attracting foreign investment, as indicated in a joint statement from both institutions.
The Casablanca Stock Exchange will provide essential “technical, operational and strategic support” for the establishment of the new stock market. This development is expected to integrate Mauritania into the global financial system. As a producer of iron ore, gold, copper, and recently gas, Mauritania is focused on diversifying its economy and drawing foreign investors.
The Casablanca Stock Exchange is recognized as the second-largest in Africa, boasting a market capitalization of 899 billion dirhams (approximately $97 billion) as of April 18, 2025. In recent years, Moroccan banks and companies in sectors such as insurance, fertilizers, mining, telecommunications, and real estate have been increasing their investments across West Africa.
The signing of the agreement between the Casablanca Stock Exchange and Mauritania’s Central Bank marks a significant step towards establishing Mauritania’s first stock market. This initiative aims to enhance the country’s economy through diversification and foreign investment attraction while accommodating integration into the international financial system. The support from the Casablanca Stock Exchange is anticipated to play a crucial role in this developmental strategy.
Original Source: www.tradingview.com
