Establishment of Mauritania’s First Stock Market by Moroccan Bourse

The Casablanca Stock Exchange has partnered with Mauritania’s central bank to establish the country’s first stock market in Nouakchott. This initiative aims to enhance economic diversification, attract foreign investments, and integrate Mauritania into the global financial system. The Casablanca Stock Exchange is recognized as Africa’s second largest, with a market capitalization of 899 billion dirhams as of April 2025.

The Casablanca Stock Exchange, in collaboration with Mauritania’s central bank, has signed an agreement to establish the country’s inaugural stock market in its capital, Nouakchott. This partnership is part of Mauritania’s broader initiative to enhance its economic landscape by diversifying financing sources and enticing foreign investments.

The Casablanca Stock Exchange will provide critical technical, operational, and strategic assistance for the establishment of this new stock exchange. This development aims to integrate Mauritania into the global financial system, enhancing its economic engagement.

As a nation rich in minerals such as iron ore, gold, copper, and emerging natural gas resources, Mauritania is actively pursuing economic diversification to attract international investors. Notably, the Casablanca Stock Exchange stands as Africa’s second-largest exchange, boasting a market capitalization of 899 billion dirhams (approximately $97 billion) as of April 18, 2025.

Moroccan financial institutions, alongside companies in sectors such as insurance, fertilizers, mining, telecommunications, and real estate, have been increasingly investing in West Africa, highlighting a trend of regional economic collaboration and development.

In conclusion, the collaboration between the Casablanca Stock Exchange and Mauritania’s central bank marks a significant step in establishing the country’s first stock market. This initiative seeks to bolster Mauritania’s economy, broaden funding avenues, and attract foreign investments, ultimately integrating the nation into the international financial framework. Furthermore, it reflects the growing influence of Moroccan businesses across West Africa, indicating a regional trend toward economic development.

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