News & Events

22/11/2011 - The African Development Bank (AfDB) and finance company, Mauritania Leasing, signed an agreement on 15 November in Dakar for a grant of USD 365,000 provided by the Fund for African Private Sector Assistance (FAPA) to help finance small and medium-sized enterprises in the country.

Categories: Mauritania, Fund for African Private Sector Assistance, Private Sector Development

14/10/2011 - In its new publication, Islamic Banking and Finance in North Africa, the African Development Bank assesses the state of Islamic banking in the region and explains why its use has been limited. The report considers the future potential of Islamic finance, including its possible alignment with North Africa’s development goals, particularly its ability to increase the diversification of funding sources.

Categories: Algeria, Egypt, Libya, Mauritania, Morocco, Tunisia

25/05/2011 - The African Development Bank (AfDB) Group has published an annual report for North Africa which highlights the importance of inclusive growth following recent changes in the region. Morocco, Egypt, Tunisia and Algeria are among the highest beneficiaries of AfDB operations.

Categories: Algeria, Egypt, Libya, Mauritania, Morocco, Tunisia

11/05/2011 - The Report, titled, “The BRICs in North Africa: Changing the Name of the Game?” says the group, which comprised Brazil, Russia, India and China during the time covered by the report (South Africa joined in 2011) is drawn to the region due to a growing need for raw materials and minerals; an amenable investment and regulatory climate; its relatively large population and overall GDP; low production and labour costs, and geographical proximity to European and Middle East markets.

Categories: Algeria, Egypt, Libya, Mauritania, Morocco, Tunisia, Brazil, India, China, Regional Integration

31/03/2011 - The Oversight Committee of the Governance Trust Fund met for the first time this week. The meeting was held under the chairmanship of Mr. Kamal El Kheshen, Vice President for Sector Operations, and took place at the AfDB’s Temporary Relocation Agency in Tunis.

Categories: Tunisia, Democratic Republic of Congo, Senegal, Mauritania, Malawi, Sudan, Ethiopia

28/05/2010 - Nouakchott sera mieux approvisionné en eau potable grâce à la convention que l’Etat mauritanien a signée avec la Banque africaine de développement (BAD), le jeudi 27 mai dernier, à Abidjan-Cocody en marge de la 45ème Assemblée annuelle de l’institution.

Categories: Côte d’Ivoire, Mauritania

04/12/2009 - La BAD et le gouvernement mauritanien ont signé, le 1e décembre 2009, à Zouérate, en Mauritanie, un accord de prêt relatif au projet d’extension de la mine Guelb El Rhein (Guelb II). Le prêt a été signé, pour la partie BAD et, au nom du vice-président de la BAD B. Pittman, par M. Lobe Ndoumbe, directeur à la BAD, et, pour la partie mauritanienne, par M. Taleb Ould Abdivall, administrateur et directeur-général de la SNIM.

Categories: Mauritania

29/10/2009 - The African Development Bank (AfDB) and the Government of Japan have approved a grant of USD 989,000 to la Société Nationale Industrielle et Minière (SNIM) of Mauritania to be paid from the Fund for African Private Sector Assistance (FAPA). The Technical Assistance contribution from FAPA, which comprises over 50% of the overall TA package, will enhance SNIM’s institutional and operational capacities to implement the Environmental and Social Management Plan for the Guelbs II Expansion Project financed in part by the AfDB.

Categories: Mauritania, Japan, Private Sector Development

17/09/2009 - The Board of Directors of the African Development Bank (AfDB) on Wednesday, 16 September 2009 in Tunis approved a US$175-million loan to finance the expansion of the Guelb El Rhein iron ore mine operations in Mauritania.

Categories: Mauritania