IFC invests $15M to expand Mauritania’s business tourism sector
Financing will support operations of country's first internationally branded five-star hotel, creating jobs and strengthening local supply chains
NOUAKCHOTT, Mauritania (MNTV) — The International Finance Corporation (IFC), a member of the World Bank Group, has committed up to $15 million in long-term financing to Grands Hôtels de Mauritanie (GHM) to expand the operations of Mauritania’s first internationally branded five-star hotel and support the country’s growing business tourism sector.
The investment will strengthen the operations of the 200-room Sheraton Nouakchott Hotel, which opened in November 2025 and has significantly increased Mauritania’s capacity to host business travelers, conferences and international events while meeting global hospitality standards.
IFC said the financing is expected to enhance the hotel’s long-term contribution to the economy by promoting business tourism, creating employment opportunities and expanding local value chains.
Since opening, the hotel has created more than 200 direct jobs while generating new business opportunities for local suppliers, artisans, food producers and service providers.
GHM Chief Executive Officer Mokhtar Mohamed Ebeye said the hotel represents a major milestone for Mauritania’s hospitality industry, helping raise service standards while supporting workforce development and strengthening local businesses.
IFC Regional Director for West Africa Olivier Buyoya said quality infrastructure is essential for private-sector growth, adding that the investment is expected to improve Mauritania’s attractiveness to investors, stimulate economic activity and encourage business-led development.
The project is also expected to achieve EDGE green building certification by incorporating energy-efficient and water-saving technologies.
IFC said the hotel will operate under international environmental and social standards covering occupational safety, stakeholder engagement and responsible resource management.
IFC said the investment is part of its wider strategy to strengthen Mauritania’s private sector by supporting tourism, mining, agribusiness, infrastructure and financial services.
The organization is also backing reforms to improve the business environment and expand access to finance for micro, small and medium-sized enterprises.
Over the past five fiscal years, IFC has invested and mobilized nearly $2.1 billion in Mauritania to support sustainable private-sector growth.
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