Morocco partners with Mauritania to establish Nouakchott Stock Exchange
Casablanca Stock Exchange to share expertise in creating Mauritania’s first financial market
DOHA, Qatar (MNTV) — Morocco and Mauritania have taken a significant step in deepening economic ties with the signing of an agreement to create the Nouakchott Stock Exchange, Mauritania’s first financial market.
The protocol was signed last week between the Central Bank of Mauritania (BCM) and the Casablanca Stock Exchange, with Hamid Chabar, Morocco’s ambassador to Mauritania, in attendance.
The initiative builds on commitments made during a meeting between King Mohammed VI and President Mohamed Ould El-Ghazouani in December.
“This agreement marks a decisive step in establishing a modern, transparent, and inclusive financial market in Mauritania,” said Mohamed-Lemine Dhehby, governor of the Central Bank of Mauritania.
The partnership aims to enhance South-South cooperation and focuses on three key areas:
- Establishing a stock market in Nouakchott that aligns with international standards.
- Developing local expertise through tailored training programs.
- Promoting regional collaboration by sharing Morocco’s century-long financial expertise.
The Casablanca Stock Exchange’s involvement underscores its commitment to leveraging its experience to modernize financial infrastructure across Africa, positioning the Nouakchott Stock Exchange as a cornerstone of Mauritania’s economic transformation.
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