African Development Bank Group (AfDB)
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    • The African Development Bank's loan to SNIM will facilitate the acquisition of up to 36 locomotives and 1,743 wagons to transport iron production to the Nouadhibou ore port
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Source: African Development Bank Group (AfDB) |

Mauritania: African Development Bank grants $150 million loan to Boost mining sector

The approval, granted on November 29, is part of SNIM’s $467 million logistics expansion program, which aims to double the transport capacity of its iron ore railway by 2030

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $150 million senior loan to Mauritanian state-owned iron ore firm Société Nationale Industrielle et Minière (SNIM) to increase its logistics capacity and strengthen the country’s mining sector.  The approval, granted on November 29, is part of…

OPEC Fund
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    • OPEC Fund Director General, Dr Abdulhamid Alkhalifa
    • OPEC Fund Building Inside
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Source: OPEC Fund |

The OPEC Fund for International Development (OPEC Fund) approves close to US$1 billion in new development financing

These projects will benefit countries across the globe and aim to bolster infrastructure, food security, renewable energy, economic resilience and governance in partner countries

The OPEC Fund for International Development (OPEC Fund) (www.OPECFund.org) has approved close to US$1 billion in new development financing over the last quarter of 2024, including during its 190th Governing Board meeting in Vienna today. These projects will benefit countries across the globe and aim to bolster infrastructure, food security,…

International Islamic Trade Finance Corporation (ITFC)
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    • Regional Workshop Series on the African Continental Free Trade Agreement Organized by the International Islamic Trade Finance Corporation, the United Nations Economic Commission for Africa and Enhance Integrated Framework (EIF) of the World Trade Organization (WTO) for Key Economic Stakeholders
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Source: International Islamic Trade Finance Corporation (ITFC) |

Regional Workshop Series on the African Continental Free Trade Agreement Organized by the International Islamic Trade Finance Corporation, the United Nations Economic Commission for Africa and Enhance Integrated Framework (EIF) of the World Trade Organization (WTO) for Key Economic Stakeholders

Workshop Series Targeted Key Actors in the Public and Private Sectors in Benin, Burkina Faso, Guinea, Mauritania, Niger, Senegal and Togo

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, in collaboration with the United Nations Economic Commission for Africa, the Enhanced Integrated Framework (EIF) and governments of Benin, Burkina Faso, Guinea, Mauritania, Niger, Senegal, Togo, organized a series of workshops in the…

Source: Kingdom of Morocco - Ministry of Foreign Affairs, African Cooperation and Moroccan Expatriates |

Morocco: His Majesty the King Congratulates Mauritania’s President on National Day

HM the King took this opportunity to recall the depth and solidity of the fraternal ties between the Kingdom of Morocco and the Islamic Republic of Mauritania

HM King Mohammed VI sent a message of congratulations to the President of the Islamic Republic of Mauritania, Mohamed Ould Cheikh El Ghazouani, on his country's National Day. In this message, the Sovereign expresses His warmest congratulations to Ould Cheikh El Ghazouani and His best wishes for further progress and…

Source: United Arab Emirates, Ministry of Foreign Affairs |

United Arab Emirates (UAE) leaders congratulate Presidents of Mauritania, Albania on Independence Day

His Highness Sheikh Mohammed Bin Rashid and His Highness Sheikh Mansour Bin Zayed have also dispatched similar messages to Mokhtar Ould Diay

President His Highness Sheikh Mohamed Bin Zayed Al Nahyan; His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; and His Highness Sheikh Mansour Bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, have sent congratulatory messages to…

African Energy Chamber
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    • African Energy Week (AEW) 2024: Petrosen Targets Final Investment Decision (FID) for Yakaar-Teranga in 2025, Seeks Third-Party Partner
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Source: African Energy Chamber |

African Energy Week (AEW) 2024: Petrosen Targets Final Investment Decision (FID) for Yakaar-Teranga in 2025, Seeks Third-Party Partner

Speaking at an ‘Invest in MSGBC Energies’ session at AEW: Invest in African Energies 2024, Petrosen’s Thierno Ly announced plans to take FID for the Yakaar-Teranga project in 2025

The Yakaar-Teranga project – situated offshore Senegal – is expected to make a Final Investment Decision (FID) in 2025, with production starting between 2028 and 2029, said Petrosen Director General Thierno Ly.   Speaking at a Technip Energies-sponsored Invest in MSGBC Energies panel discussion at African Energy Week: Invest in African…

African Energy Chamber
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    • Frank Kretschmer, General Manager of ExxonMobil Mozambique and Dave Campbell, Senior Vice President at bp, Mauritania and Senegal
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Source: African Energy Chamber |

ExxonMobil, bp Showcase Major African Liquefied Natural Gas (LNG) Projects at African Energy Week (AEW) 2024

ExxonMobil is targeting FID for its Rovuma LNG project in Mozambique by early 2026, while bp approaches the startup phase of the Greater Tortue Ahmeyim LNG development in Senegal and Mauritania

Global energy majors ExxonMobil and bp affirmed their commitment to oil and gas investment in Africa, expressing interest in forging new partnerships to capitalize on rising energy demand during keynote addresses at the African Energy Week: Invest in African Energies conference. ExxonMobil is currently spearheading the Rovuma LNG project in…

Source: Economic Community of West African States (ECOWAS) |

Joint Meeting of the Energy and Hydrocarbons Ministers of the Economic Community of West African States (ECOWAS) Member States, Extended to Include Morocco and Mauritania, on the Nigeria-Morocco African Atlantic Gas Pipeline Project

The project would help in supplying gas to Morocco, 13 ECOWAS countries and Europe, and promote regional integration of the economies of the ECOWAS sub-region

The ECOWAS Ministers of Energy and Hydrocarbons extended to Morrocco and Mauritania have adopted the version of the intergovernmental Agreement (IGA) and the Host State Agreement (HGA) revised by experts, as well as the Framework Document for the establishment of the ECOWAS Renewable and Energy Efficiency Facility (EREEEF). Also adopted…

Source: United Arab Emirates, Ministry of Foreign Affairs |

United Arab Emirates (UAE) Expresses Solidarity with Mauritania and Dispatches Urgent Aid to Communities Impacted by Floods

The UAE’s efforts are part of its humanitarian and developmental role in providing urgent relief to countries worldwide during crises and natural disasters

The United Arab Emirates has announced the provision of urgent humanitarian aid for families impacted by floods that occurred in several states in Mauritania which caused significant damage to property and forced thousands of citizens to evacuate their villages and homes. The UAE expressed its solidarity with the Islamic Republic…

Source: Ministry of Foreign Affairs of the Republic of Belarus |

First Deputy Foreign Minister of Belarus S.Lukashevich receives copies of the Credentials of the Ambassadors of Algeria, Burundi, Kuwait and Mauritania

The sides confirmed mutual interest in holding the first meeting of the Joint Belarusian-Algerian Intergovernmental Commission and discussed the schedule of visits for the near future

On October 30, 2024 the First Deputy Minister of Foreign Affairs of the Republic of Belarus, Sergey Lukashevich, received copies of the Credentials of the Ambassadors of Algeria, Burundi, Kuwait and Mauritania.  During the meeting with the Ambassador of Algeria to the Republic of Belarus (non-resident), Boumediene Gennad, the parties…