Mauritania is one of the many African nations whose growth is hampered by the continent’s trade finance gap – estimated at USD 81 billion by the African Development Bank. As with many similar nations, Mauritania is in the early stages of diversifying its economic base, relying heavily on commodities exports to drive growth. It ranked as the 11th largest exporter of iron ore in 2011, for example.
Yet this entrepreneurial nation with a strong export-based economy and numerous opportunities for economic diversification that are beginning to come to fruition, may offer fresh possibilities to investors.
Writing in Africa Briefing, Azzedine Zikara, BACB’s Director for Financial Institutions (Mauritania and Sudan), discusses how the small country offers new opportunities for investors.
Read the full article in Africa Briefing (pages 30-31).
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