The Casablanca stock exchange has signed an agreement with Mauritania’s central bank to establish the country’s first stock market in Nouakchott. This effort is aimed at enhancing Mauritania’s economy, diversifying financing sources, and attracting foreign investments. The Casablanca exchange will provide essential support in this initiative, promoting Mauritania’s integration into the international financial system.
The Casablanca stock exchange, along with Mauritania’s central bank, has formalized an agreement for establishing Mauritania’s inaugural stock market in its capital, Nouakchott. This initiative aims to enhance Mauritania’s economic development, diversify funding sources, and attract foreign investments, as stated by the two institutions in a joint communiqué.
As part of the collaboration, the Casablanca stock exchange will provide extensive technical, operational, and strategic support crucial for the establishment of the stock market. The initiative is expected to facilitate Mauritania’s integration into the wider international financial system, thereby fostering economic growth.
Mauritania, rich in resources such as iron ore, gold, copper, and recently discovered gas, is actively seeking to diversify its economy and draw in foreign investors. The Casablanca stock exchange, recognized as the second largest in Africa, boasted a market capitalisation of 899 billion dirhams (approximately $97 billion) as of April 18, 2025.
In recent years, Moroccan banks and companies in various sectors—including insurance, fertilizers, mining, telecommunications, and real estate—have successfully expanded their investments across West Africa, indicating a broader trend of Moroccan economic influence in the region.
The establishment of Mauritania’s first stock market, facilitated by the agreement with the Casablanca stock exchange, marks a significant step towards economic development. This initiative aims to diversify funding options and attract foreign investments, crucial for Mauritania’s growth. The collaboration highlights Morocco’s expanding role in West Africa’s financial landscape, contributing to regional economic integration.
Original Source: www.tradingview.com
