The Casablanca stock exchange is collaborating with Mauritania’s central bank to establish the country’s first stock market in Nouakchott. This initiative aims to diversify Mauritania’s economy and attract foreign investments, helping to integrate the nation into the global financial system. The Casablanca stock exchange is the second largest in Africa, with a significant market capitalization.
The Casablanca stock exchange has entered into an agreement with Mauritania’s central bank to establish the country’s first stock market in the capital, Nouakchott. This collaborative endeavor aims to bolster Mauritania’s economy by diversifying funding sources and attracting foreign investment, as articulated in a joint statement by the two institutions.
The Casablanca stock exchange will provide crucial technical, operational, and strategic support to facilitate the establishment of Nouakchott’s stock exchange. This new financial platform is expected to help integrate Mauritania into the global financial system, further advancing its economic development.
As an emerging producer of iron ore, gold, copper, and gas, Mauritania is actively seeking to diversify its economy and draw foreign investors. The Casablanca stock exchange ranks as the second largest in Africa, boasting a market capitalization of approximately 899 billion dirhams (equivalent to $97 billion) as of April 18, 2025.
In recent years, Moroccan banks and companies engaged in sectors such as insurance, fertilizers, mining, telecommunications, and real estate have significantly increased their investments across West Africa. This trend reflects a growing regional collaboration aimed at enhancing economic prospects in the area.
In summary, the partnership between the Casablanca stock exchange and Mauritania’s central bank marks a significant milestone in establishing the first stock market in Mauritania. This initiative is poised to enhance economic diversification, attract foreign investments, and integrate the nation into the global financial system, ultimately contributing to the country’s financial and economic development.
Original Source: www.tradingview.com
