Moroccan Bourse Partners with Mauritania to Launch First Stock Market

The Casablanca stock exchange signed an agreement with Mauritania’s central bank to establish the country’s first stock market in Nouakchott. This initiative aims to diversify Mauritania’s economy, attract foreign investment, and integrate the nation into the global financial system. The Casablanca stock exchange, the second largest in Africa, will provide operational support for this venture.

On Friday, the Casablanca stock exchange and Mauritania’s central bank finalized a partnership to establish Mauritania’s inaugural stock market in the capital city, Nouakchott. This agreement aims to bolster Mauritania’s economic development, diversify funding sources, and invite foreign investment, as stated in a joint release from the institutions.

The Casablanca stock exchange will provide essential technical, operational, and strategic assistance to facilitate the establishment of the Nouakchott stock market. This new financial platform is expected to help integrate Mauritania into the global financial system significantly.

Mauritania is rich in resources such as iron ore, gold, copper, and increasingly, natural gas, and is seeking to diversify its economy and attract foreign investors. The Casablanca stock exchange itself ranks as the second-largest in Africa, boasting a market capitalization of 899 billion dirhams (approximately $97 billion) as of April 18, 2025.

In recent years, Moroccan banks and businesses in sectors like insurance, fertilizers, mining, telecoms, and real estate have been expanding their investments across West Africa, indicating a growing economic influence in the region.

The establishment of Mauritania’s first stock market in partnership with the Moroccan bourse represents a significant step towards economic diversification and attracting foreign investment. By receiving technical support from the Casablanca stock exchange, Mauritania aims to enhance its integration into the global financial system, thereby promoting regional economic development and stability.

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