An expert in the field in his second mandate as Minister of Fisheries Nany Chrouga has it clear. "Our main guidelines and focus will be on the developmnent of an added-value fishing industry. Including packaging and processing. We aim to a 100% of local fish products to be processed here."
Mauritania
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Mauritania´s recent discovery of two gas fields has pushed the country to the global spotlight
However big it is - twice as big as France or Spain- Mauritania is only now starting to reach the global arena.
The discovery of two large gas fields in the country’s shore and the continuous arrival all major oil global players have pushed Mauritania to the global spotlight.
But this West African country of 4 million people located over the Atlantic Coast, is a rich country in minerals and fossil fuels. It has one of the richest fishing waters of the world and the country’s scenery predicts its tourism development.
Mauritania has one of the richest fishing waters of the world.
Mauritania
Business & Leadership
AN UNTAPPED DESTINATION
Some would say that Mauritania is a “silent country” because little is internationally known.
Kilometres of virgin beaches, astonishing desert landscape, rich history and ancient cities would make Mauritania tourism industry flourish in the next years.
Under a new inward investment framework with that include free land and a low tax regime, the government of Mauritania seeks to develop the most democratic industry of the world: tourism.
Stability in a New Government
In June, 2019, General Mohamed Ould Ghazouani won the presidential elections in the first round with 52% of the vote. With his victory, President Ghazouani marked the first democratic transition of power in Mauritania.
After a long history of coup de etat´s -at least
10 after gaining independence from France in 1960- Ghazouani assumed power in August 2019, Considered as a moderate politician capable to content all sectors of the Government in its diversity, Ghazuouani has showed so far his political abilities.
Mauritania Financial System
With a new Central Bank Governor and an strategic policy to adjust the banking system to European standards, Mauritania´s financial sector has already started to consolidate.
Banks are increasing their capital, building new offices and financing new development projects all in line with the high expectations of growth in the country.
2019 closed with a growth of 6,9% and it did so without the new gas discovery operating. The foreign currency that will start flooding the country in a couple of years, will certainly boost the economy, and the banking system with it.
Economic Take-Off
Mauritania´s economy has been growing steadily since 2015. From only 3.6% in 2018 to 6,9% in 2019. The recent discovery of gas and arrival of inward investment, have lifted the expectations to reach a double digit growth from 2020.
Stability, expansion of the primary sector, structural reforms, well-performing sectors of mining and fisheries and the new gas discovery will maintain the country's robust macroeconomic framework.
The proportion of poors in Mauritania has been decreasing steadily since 2008 falling from 44.5% of the population in 2008 to 33% in 2014. The Gini coefficient, which measures income inequality, decreased from 35.3 in 2008 to 31.9 in 2014-
One of the richest fishing waters of the world
Mauritania has developed a strong exporting sector around the fishing industry. Local companies holding EU certification standards are leading the sector
Fishing IndustryeBiz Open Talk with Nany Chrouga, Minister of Fisheries and Maritame Industry
Top CompaniesFishing Sector
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RR. PP. digitalesStarfish
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EventosAfrifish
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COUNTRY SNAPSHOT
01 General
COUNTRY
Islamic Republic of Mauritania
LOCATION
Western Africa, bordering the North Atlantic Ocean, between Senegal and Western Sahara
CLIMATE
Desert; constantly hot, dry, dusty
RELIGION
Muslim (official) 100%
INDEPENDENCE
28 November 1960 (from France)
UNEMPLOYMENT RATE
10.2% (2017 est.)
INFLATION RATE
2.3% (2017 est.)
02 Administration
GOVERNMENT
Presidential Republic
LAST ELECTIIONS:
July 2019
LEGAL SYSTEM
Mixed legal system of Islamic and French civil law
POPULATION
3,840,429 (July 2018 est.)
ADMINISTRATIVE REGIONS
15 regions (wilayas, singular - wilaya); Adrar, Assaba, Brakna, Dakhlet Nouadhibou, Gorgol, Guidimaka, Hodh ech Chargui, Hodh El Gharbi, Inchiri, Nouakchott Nord, Nouakchott Ouest, Nouakchott Sud, Tagant, Tiris Zemmour, Trarza
03 Economy
GDP (Official Exchange Rate)
$4.935 billion (2017 est.)
REAL GDP GROWTH
3.5% (2017 est.); 1.8% (2016 est.); 0.4% (2015 est.) Expected growth in 2020 over 6 %
GDP BY SECTOR
agriculture: 27.8% (2017 est.)
industry: 29.3% (2017 est.)
services: 42.9% (2017 est.)
MAIN SECTORS
AGRICULTURE: Dates, millet, sorghum, rice, corn; cattle, camel and sheep
INDUSTRIES:fish processing, oil production, mining (iron ore, gold, copper): gypsum deposits have never been exploited
04
Government
chief of state: President Mohamed Cheikh El GHAZOUANI (since 1 August 2019)
head of government:
Prime Minister Ould Bedda Ould Cheikh SIDIYA (since 5 August 2019)
LEGISLATIVE BRANCH
Unicameral Parliament or Barlamane consists of the National Assembly or Al Jamiya Al Wataniya - 157 seats
JUDICIAL BRANCH
The highest court is the Supreme Court or Cour Supreme (subdivided into 1 criminal and 2 civil chambers, each with a president and 5 counselors
A multicultural country
Mauritania comes from the latin Mauretania, meaning "west" and its people, the Berber, where referred by Romas as Maures. The country offers a contrast between the Bererber and the black african population.
. About three-fifths of the Moorish population has Sudanic African origins and is collectively known as Haratin (“Black Moors”). The rest is maid of Bīḍān ("White Moors”) from Berber descent. Still there is another part of the population of black african origines that include the Fulani, Soninke, Wolof and other ethnic groups.
Profile
Officially called Islamic Republic of Mauritania, this vaste West African country has a population of only around 4 million people, one of the lowest population density in the world.
It borders Senegal, Mali, Argelia and Occidental Sahara, as well as the Atlantic Ocean at the West where its capital, Nouakchott is located.
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