Author: Ibrahima jr Dia

Mauritania’s telephony market is expected to be enriched by a fourth operator by the end of 2018, sources close to telecommunications services said on Thursday (September 27th). Indeed, a group of Mauritanian businessmen is ready to mobilize the necessary capital for the acquisition of this new mobile operator. For the moment no call for tenders has been launched. But investors plan to commission the next network after performing the technical and administrative procedures. A challenge that will not be an easy task considering the complexity of the telecommunications sector in Mauritania. For several years, the 3 traditional operators (Mauritel, Mattel,…

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After an absence of more than 10 years at the International Exhibition of Tourism and Travel in Paris, Mauritania has returned again to “woo” investors in the tourism sector. Indeed, the country has decided to participate in this event this year (from 25 to 28 September) to revive its tourism, which is long sought. This exhibition, the fortieth edition of the genre will allow the Mauritanian and French side to address the tourist season 2018/2019, but also the launch of a series of tourist flights between Paris and Nouakchott, October 20. According to statistics, the resumption of charter flights, particularly…

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After careful consideration, Mauritania finally said yes to the Economic Partnership Agreements (EPAs). Indeed, the Mauritanian authorities signed this convention with the European Union this weekend in Brussels. The main objective of this agreement is to boost trade between Europe and Africa by promoting exports of products in both markets. This is to develop trade and promote economic integration between the two regions to better participate in international trade. Mauritania becomes the 15th country in West Africa to endorse this document. For the moment, only Nigeria is missing for the text to be ratified. The EPAs that divide the continent’s…

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Professor Makhtar Diouf denounced Tuesday, August 1st in Dakar, protectionist practices implemented by developed countries to distort the terms of international trade. In a context of globalization and “trade war”, Africa must use “economic nationalism” to avoid marginalization and be the eternal supplier of raw materials, he said. In a statement published on the sidelines of the program day of the Economic and Monetary Research Laboratory (LAREM), held on July 31 in Dakar and whose theme is “cross-views on the Senegalese economy,” Samir Amine’s disciple largely reverted to the concepts of globalization, economic nationalism and new measures of developed countries…

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After a week of bitter negotiations at the National Committee for International Trade Negotiations (CNNCI), industry players gathered on Tuesday (July 24th) to evaluate the first phase of the negotiations for the African Free Trade Area (ACFTA). The foundation has focused on rules of origin (RO) and trade in services. The aim was to take stock of the work already done on RO and trade in services, but also to address the outstanding issues on the products still to be liberalized. On this occasion, the Senegalese Minister of Commerce, Alioune Sarr, said that “this meeting which is part of the…

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Senegal’s director of foreign trade, Fallou Mbow Fall, said the rules of origin (RO) established in the African Continental Free Trade Area (ZLECAF) are a real boon for the industrial and agricultural development of member countries. This, thanks to its formulations that can inform on the tendency of the region to develop the agricultural and industrial sectors. This announcement was made Tuesday, July 17 in Dakar, on the sidelines of the national consultations on goods and services to be liberalized in this area of ​​free economic exchange. The director said that the RO will also contribute significantly to the development…

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After the time of the politicians, here comes the experts. For 4 days, (from July 17 to 20), Senegalese trade actors, bringing together economic operators, businesses, the private sector, employers and customs officers will discuss the technical aspects of product liberalization in the context of trade. African Continental Free Trade Area. Emphasis will be on rules of origin (RO) and trade in services. The objective of this meeting is to involve all the actors of the trade in order to better defend the interests of Senegal in this process of liberalization. On the first day, the Secretary General of the…

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A few weeks before the summit of the African Union that it will organize (end of June, beginning of July), Mauritania has just carried out a mini cabinet reshuffle in Isselkou ould Ahmed Izidbih.

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The countries of the African Continental Free Trade Area (ZLECAF) are determined to establish an economic free trade area, while applying a dose of protectionism. In the principle of the treaty signed in Kigali last March, member countries will open up to 90% on certain products (over a period of 5 years for developing countries and 10 years for LDCs). And the remaining 10% will be excluded from liberalization. On the sidelines of the meeting of African Ministers of Justice, held Friday, June 8 in Dakar, some specialists have returned to this release of goods and services. Thus, the 10%…

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The minimum capital of Mauritanian banks will be raised by 57% by 2020 according to a correspondence from the governor of the Mauritanian Central Bank (BCM) to the association of Mauritanian banks. Specifically, the minimum capital will increase from 7 billion Ouguiyas in 2018 to 11 billion dollars in 2020, or 30 million dollars. The main objective of the decision is to strengthen the soundness of the Mauritanian banking system, which has some 20 institutions. On the other hand, no change will be made to the mandatory reserve ratio and the key rate applied by the Central Bank. Recall that…

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The curtains fell on the first edition of the CyFy Africa 2018 congress, which took place from 10 to 12 May in Tangiers (Morocco). This international meeting allowed entrepreneurs, decision-makers, investors, operators and researchers to reach consensus on innovation and technology in Africa. Indeed, according to participants, the black continent must ensure its digital integration, create an overall synergy to lead reflections in this direction and take advantage of the digital market to generate growth points. After intense and fruitful debates through series of panels the actors were unanimous, this initiative of CyFy Africa must be perpetuated to widen the…

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From our special correspondent in Tangier, Dia Ibrahima Junior Africa intends to seize the opportunities offered by new technologies to ensure a real transformation and social evolution (health, education ….). This is the watchword launched by the organizers of the CyFy Africa 2018 platform. In a press briefing held Thursday (May 9th) in tangier (Morocco) as a prelude to the official opening of the CyFy Africa 2018 congress, the actors unveiled their roadmap to succeed in this bet. The initiators of this conference will be inspired by the Indian model, which constitutes a world reference in terms of technological innovation…

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GroFin, which specializes in financing small and medium-sized enterprises (SMEs), is determined to bring its innovation to solve the problem of financing these economic units in Senegal. The structure intends to put in place a real roadmap, focused on a financial, strategic and short-term portfolio management plan, to meet the financing challenge for SMEs / SMIs. On the sidelines of the official launch of the company’s activities in Senegal, Thursday, May 3 in Dakar, the director of investments of GroFin, Djibril Maguette Mbengue, has unveiled the plan of action of the establishment which is at its second office in Dakar.…

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Tangier will be the point of convergence for entrepreneurs, investors, public decision-makers, innovators as well as civil society actors. A congress dedicated to innovation and technology will be held from 10 to 12 May in this Moroccan city, located 14 kilometers from Europe, symbolizing the link between Africa and the old continent. During these 3 days, this platform (CyFyAfrica 2018) will allow to discuss new emerging technologies, which are essential production factors to increase the competitiveness of African companies. This conference, co-organized by the Ministry of Industry, Investment, Trade and Digital Economy of Morocco, in partnership with the Foundation of…

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