Memorandum of Understanding Between the Casablanca Stock Exchange and BCM for the Establishment of a Stock Exchange in Nouakchott

The Casablanca Stock Exchange and the Central Bank of Mauritania (BCM) formalized a cooperation agreement, marking a major milestone in the establishment of the future Nouakchott Stock Exchange. This initiative reflects the shared commitment of His Majesty King Mohammed VI and President Mohamed Ould El-Ghazouani to strengthen bilateral cooperation between the two nations, as well as the dedication of both institutions to developing regional stock markets.

This agreement aligns with Mauritania’s strategy to revitalize its economy, diversify funding sources, and attract foreign investment. It outlines the creation of a modern, connected stock exchange adhering to international standards, designed to support local businesses, encourage national savings, and integrate the country into the global financial system.

Drawing on nearly a century of expertise, the Casablanca Stock Exchange will provide technical, operational, and strategic support for the implementation of this project. Key objectives include fostering an inclusive stock market, enhancing local capacities through training programs, and promoting South-South cooperation and the sharing of best practices.

The agreement was signed by Mohamed-Lemine Dhehby, Governor of the Central Bank of Mauritania, and Tarik Senhaji, Director General of the Casablanca Stock Exchange, in the presence of His Excellency Mr. Hamid Chabar, Ambassador of the Kingdom of Morocco to Mauritania.

During the signing ceremony, Dhehby emphasized that this agreement represents a decisive step toward establishing a modern, transparent, and inclusive financial market in Mauritania. He underscored the importance of this strategic cooperation in building a robust financial ecosystem capable of channeling national savings into productive investments and attracting international capital, positioning Mauritania as a credible player in the regional financial landscape.

For his part, Tarik Senhaji highlighted that a stock exchange transcends its role as a mere financing tool, serving as a trusted infrastructure and a lever for economic transformation. He expressed pride in supporting Mauritania and the Central Bank in this historic endeavor.

The ceremony symbolizes the determination of both institutions to pursue fruitful collaboration and their shared commitment to fostering a prosperous and sustainable economic future for Mauritania and the region.