Author: Ibrahima jr Dia

ATTIJARI Bank Mauritania, a subsidiary of the Attijariwafa bank group, has launched its first digital bank called Attijari Mobile. In a statement, published Monday, April 30, the institution said that this initiative is part of innovations and diversifications of banking products in the Mauritanian market. Thus, the document reveals that from now on, customers will be able to use their smartphone, tablet or computer to carry out banking transactions. According to the same source, “Attijari Mobile will allow a simplified and secure way to make any type of transfer, establish signatory and signature matrix profiles, make term deposits, consult his…

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The pan-African investment company, M & A Capital, in partnership with the Agency for Development and Supervision of Small and Medium Enterprises, launched on Wednesday, April 25, in Dakar, a project “reserve factoring” or “reverse factoring”, through a joint venture called M & A Fintech. This initiative responds to the desire to provide an alternative to the traditional mode of financing of small and medium-sized enterprises (SMEs), Small and medium industries (PMI), very small businesses (TPE) and very small industry (TPI). The main objective of this project is to strengthen the financing capacity of these structures on the Senegalese economy…

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Contrary to what is reported by several sources including ours, the British Petroleum (BP) oil company did not sell its gas blocks in Mauritania to Total. On the contrary, the British group has just reinforced its presence on the block of the large turtle / Ahmedine gas field, located 125 kilometers off the coasts of Mauritania and Senegal. Many observers had reported last week that the move of Total’s CEO to Nouadhibou, the economic capital of the country where he met with the Mauritanian head of state was the sign of negotiations for the purchase of BP blocks. In fact,…

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The British giant, British Petroleum (BP) has acquired a platform for production, storage and offloading (FPSO) from the company TechnipFMC, reported Monday, April 16. The purchase of this FPSO unit is part of the gas exploitation of block C 8, located off the coast of Mauritania and Senegal. This acquisition comes in a context where a probable sale of BP’s shares on this site has been widely mentioned by the local Mauritanian press. It should be noted that the TechnipFMC company, whose French government owns 4% of shares, was created in 2017. The structure is the result of the merger…

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OMVS: the navigability of the Senegal River within reach The Organization for the Development of the Senegal River (OMVS) intends to mobilize an overall amount of $ 138.525 million for the start of the work of the Integrated Multimodal Transport System (SITRAM) project, planned for this year. On the sidelines of the celebration of the 6th session of the international association Initiatives for the Future of Great Rivers (Iagf), the authorities of the institution unveiled the stage of evolution of this project, which constitutes the one of the flagship components of the subregional organization’s development program. Thus, the officials also…

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Mauritanian Sidi Ould Tah has been re-elected head of the Arab Bank for Economic Development in Africa (BADEA). It was on the sidelines of the 43rd session of the institution (from 10 to 11 April in Jordan) that the members of the Board of Governors renewed their confidence in the former Mauritanian Minister of Economy and Finance. For a new mandate of 3 years, renewable, Sidi Ould Tah will have to sustain the achievements of BADEA which committed in late March to finance about 653 projects, amounting to 5824.768 million dollars. It should be noted that BADEA has set itself…

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The Caisse Nationale de Crédit Agricole du Senegal (CNCAS) launched its business plan called “Synergie 2022” on Friday (April 6th). The 2018-2022 roadmap was unveiled on the sidelines of the institution’s 34th anniversary celebration. The program launched in 2017 has the major objective of strengthening the financing of the establishment of agricultural value chains in the country so that they can generate more growth points. Thus, the structure intends to diversify its banking offers (access to credit) to support agricultural projects including fishing and livestock, which can provide 50 to 60% additional added value. On this occasion, the CNCAS general…

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The company Total is about to buy the shares of the capital held by British Petrolum (BP) on the gas field Turtle / Ahmeyin, located 125 kilometers off the coast between Senegal and Mauritania, said Thursday, April 05, sources of Calame. According to Calame, the Chairman and Chief Executive Officer (CEO) of the French company TOTAL, Patrick Pouyanné secretly negotiates with Mauritania and BP, the purchase of some offshore research permits on this site. Moreover, this explains the interview, held Wednesday between the Mauritanian President, Mouhamed Ould Abdel Aziz and the CEO of this structure. This acquisition would allow TOTAL…

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The British oil and gas company, Sterling Energy Plc, has announced that it has terminated its financing agreement for the Chinguetti oil field, located at 70 kilometers off the Mauritanian coast, according to Monday’s January 29 site. This decision comes in a context where the company intends to validate the cessation of production and temporary suspension of wells (TWS), which must be done in the first or second quarter of 2018. It should be noted that in recent years, the company is facing a problem of financial profitability due to the productive underperformance of the Chinguetti well, which is struggling…

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The Malagasy group Axian in collaboration with the oil distribution company, Jovena announced Friday, 12 January, the commissioning of two thermal power stations, with a cumulative capacity of 76 MW on the Electricity of Madagascar (EDM) network. . Indeed, the authorities inaugurated a “Noor 1” power plant with a power of 48 MW and another “Noor 2” by 28 MW. This project, which started in 2015, is in line with the Malagasy government’s energy mix policy, which aims to improve access to electricity in the country by reducing electricity production costs. On this occasion, Hassanein Hiridjee, CEO of the Axian…

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