The Casablanca Stock Exchange Supports Mauritania in Establishing Nouakchott Exchange
In a move that reflects the depth of cooperation between the Islamic Republic of Mauritania and the Kingdom of Morocco, the Central Bank of Mauritania and the Casablanca Stock Exchange signed a memorandum of understanding on Thursday, April 17, 2025. This agreement aims to support Mauritania’s efforts to establish the Nouakchott Exchange, one of the strategic projects intended to develop the national financial market infrastructure.
This agreement comes as part of a continuous pursuit to modernize the Mauritanian economy and diversify its funding sources, enhancing its ability to attract foreign investments, finance growth, support local businesses, and promote a culture of savings. It embodies the shared commitment of the leaders of the two countries, His Majesty King Mohammed VI and President Mohamed Ould Ghazouani, to expand areas of bilateral cooperation and open new horizons for economic partnership.
During the signing ceremony, which took place under the supervision of the Governor of the Central Bank of Mauritania, Mr. Mohamed El Amin El Zahabi, and the Director General of the Casablanca Stock Exchange, Mr. Tarek Sinhaiji, and in the presence of the Moroccan ambassador accredited in Nouakchott, Mr. Hamid Chabar, both sides affirmed their deep commitment to the success of this ambitious project.
The Governor of the Central Bank of Mauritania stated, “The signing of this memorandum of agreement with the Casablanca Stock Exchange represents a crucial step towards providing Mauritania with a modern and transparent financial market. By uniting our efforts with a leading institution like the Casablanca Stock Exchange, we are establishing a robust financial system capable of attracting investments and directing savings towards productive projects.”
For his part, Mr. Tarek Sinhaiji, Director General of the Casablanca Stock Exchange, emphasized the strategic importance of the cooperation, stating, “The financial market is not just a funding mechanism; it is a system based on trust and a major driver of economic transformation. We are proud to contribute to this historic path with our brothers in Mauritania.”
Under the agreement, the Casablanca Stock Exchange will provide technical and strategic support to the Central Bank of Mauritania at various stages of establishing the Nouakchott Exchange, leveraging its experience spanning over a century in developing financial markets.
Among the main objectives that both parties aim to achieve through this cooperation are:
– Establishing a developed financial market that aligns with the aspirations of the Mauritanian national economy.
– Developing human competencies through specialized training and qualification programs.
– Enhancing the exchange of expertise and solidifying cooperation between Southern countries in the field of financial markets.
This agreement marks a new milestone in the partnership between the two institutions and represents a qualitative step towards integrating Mauritania into the global financial system, building a modern and sustainable investment environment that enhances its regional and international presence.
