The Casablanca stock exchange and Mauritania’s central bank have signed an agreement to establish Mauritania’s first stock market in Nouakchott. This initiative aims to diversify Mauritania’s economy and attract foreign investments, supported technically and strategically by the Casablanca stock exchange.
On Friday, the Casablanca stock exchange, along with Mauritania’s central bank, formalized a partnership aimed at establishing Mauritania’s inaugural stock market in Nouakchott. This initiative is indicative of Mauritania’s strategy to bolster its economy, diversify funding avenues, and entice foreign investment, as outlined in the joint statement by the two institutions.
The Casablanca stock exchange is committed to providing “technical, operational and strategic support” for the establishment of the Nouakchott stock exchange. This new financial platform is expected to facilitate Mauritania’s integration into the global financial arena.
As Mauritania expands its economic activities, including the production of iron ore, gold, copper, and more recently, gas, it seeks to widen its economic base and welcome international investors. Notably, the Casablanca stock exchange ranks as the second largest stock exchange in Africa, with a market capitalization valued at 899 billion dirhams (approximately $97 billion) as of April 18, 2025.
Moreover, Moroccan banks and companies specializing in sectors such as insurance, fertilizers, mining, telecommunications, and real estate have actively invested in West Africa in recent years, further solidifying regional economic ties.
In conclusion, the partnership between the Casablanca stock exchange and Mauritania’s central bank marks a significant advancement in Mauritania’s efforts to establish its first stock market. This development is rooted in the nation’s desire to diversify its economy, attract foreign investments, and integrate into the international financial mainstream, all while benefiting from the expertise of Morocco’s established financial institutions.
Original Source: www.tradingview.com
