The National Industrial and Mining Company (SNIM) of Mauritania, the lung of the country’s economy, has a new boss. This is the former Minister of Economy and Finance, Mokhtar Ould Diaye. The latter replaces Hassena Ould Ely, who lasted only one rose (less than a year, November 2019 / September 2019).
The former treasurer of the state was appointed by presidential decree at the end of the council of ministers on Thursday, September 5, 2019. Ould Diaye will have the heavy responsibility of piloting this company, 74% owned by the state, which suffers for several years from a very delicate financial situation. this task will probably not be difficult for this statistic engineer, reputed to be a good financier. Under Mohamed Abdel Aziz’s magisterium, Ould Diaye has notably distinguished himself in the management of public finances. Upon his departure, Mauritania had $ 1, 48 billion in foreign exchange reserves, or 6 months of imports.
SNIM’s new ADG will undoubtedly use its expertise and network of businessmen to attract investment funds. Created in 1974, the nationalization of the French company Miferma (Iron Mines of Mauritania), the SNIM is the largest provider of jobs outside the public service. The establishment employs around 6,500 workers without counting indirect jobs (services ..).