Morocco’s Casablanca Stock Exchange signed a memorandum of understanding with the Central Bank of Mauritania on Thursday to support the creation of the Nouakchott Stock Exchange, as the West African nation seeks to deepen its financial infrastructure and attract foreign capital.
The agreement, signed by Casablanca Stock Exchange CEO Tarik Senhaji and Mauritania’s central bank governor Mohamed-Lemine Dhehby, aims to lay the groundwork for a modern, regulated capital market in Nouakchott. It includes technical, operational, and strategic assistance from Morocco, as well as training programs to develop local market expertise.
This partnership goes beyond market infrastructure — it’s a lever for economic transformation and financial influence, Senhaji said. “We’re proud to support our sister country Mauritania in this historic step.”
The planned exchange forms part of Mauritania’s broader strategy to diversify its economy, expand financing options for local businesses, and align with international market standards. Officials say the project will help channel national savings into productive investment and position Nouakchott as a regional financial hub.
“Partnering with a leading institution like the Casablanca Stock Exchange marks a turning point,” Dhehby said. “This reflects our commitment to building a transparent and inclusive financial ecosystem capable of attracting global investors.”
The move also reinforces South-South cooperation between African economies, with the Casablanca bourse leveraging its expertise to support regional financial integration.
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