AGP Executive Report

Uranium Project Push: Aura Energy named John Carr as president, with Fortescue’s Spencer Davey joining as CFO and Jeremy Carter as chief strategy officer, as the Tiris uranium project in Mauritania moves toward a bankable feasibility study due mid-October and financing targeted by end-2026, while a pilot plant at Bir Moghrein is already under way. Energy Finance & Rural Power: Mauritania signed a €39.2m concessional loan with France to build 10 solar power stations with storage, aiming to cut rural-urban gaps and support broader electricity and social development goals. Customs & Trade Links: Mauritania’s Finance Minister met the Algerian Customs director general in Nouakchott to strengthen customs cooperation and coordination. Energy Sector Accountability: The Energy and Oil minister warned contractors to speed up project delivery, stressing contract withdrawal and possible cancellation for poor performance or delays. Regional Integration & Diplomacy: President Mohamed Ould Cheikh El Ghazouani reaffirmed Mauritania’s ECOWAS integration push in Sierra Leone and met Kuwait’s crown prince, highlighting debt settlement support and interest in renewable energy and investment. Blue Economy & Ports: Mauritania participated in offshore oil and gas technology talks in Houston and engaged the US Coast Guard on seaport cooperation, including visits to Nouadhibou and Nouakchott. Mali Conflict Fallout: Amnesty International renewed scrutiny of Mali’s security partnership, alleging war crimes by Malian forces and Wagner-linked fighters along the Mauritania border, with reported civilian killings and torture.

Renewables Finance: Mauritania and France signed a €39.2m concessional loan in Nouakchott to build 10 solar power stations with storage, aiming to cut rural-urban gaps and expand access to electricity. Energy Execution: The Energy Minister urged oil and power service contractors to speed up project delivery, warning of contract withdrawals and cancellations for poor performance or delays. Gas Roadmap: President El Ghazouani said Mauritania joined the Gas Exporting Countries Forum as an observer ahead of potential LNG export readiness from the Great Ahmeim turtle field by year-end, under an integrated low-carbon energy strategy. Mining & Trade Links: Hitachi Construction Machinery Europe is reshaping its West and Central Africa dealer network, expanding Movicortes’ coverage to include Mauritania and setting up direct support for mining customers. Regional Business: The Mauritania–Morocco Business Forum ended with a joint council pushing technical committees to speed up trade and priority projects. Mali Border Fallout: Amnesty International released a report alleging war crimes by Mali’s forces and Wagner/Africa Corps along the Mauritania border, documenting killings, torture and disappearances between 2023-2025.

Mali–Mauritania border accountability: Amnesty International says at least 34 civilians were unlawfully killed in seven Malian localities between June 2023 and Dec 2025, alleging torture, enforced disappearances, looting and drone strikes by Mali’s armed forces and Wagner-linked fighters, with research drawing on testimony gathered in Mauritania. Energy finance & delivery pressure: Morocco’s $25bn African Atlantic Gas Pipeline is seeking private and multilateral funding ahead of a Q4 2026 investment decision, with early links planned to connect Morocco with gas resources in Mauritania and Senegal. Gas execution over reserves: A Schneider Electric West Africa executive warns West Africa’s gas boom now hinges on building and delivering projects on schedule, not just having reserves. Mauritania business diplomacy: A Mauritanian–Moroccan business forum in Nouakchott pushed for joint technical committees to speed investment in fisheries, agriculture and other priority sectors, while Mauritania’s President met Kosmos Energy to discuss operations. Trade & infrastructure: Morocco and Mauritania signed a framework to rehabilitate and expand the El Guerguerat–Nouakchott road corridor, targeting a stronger North Africa–West Africa land route. Ports & maritime cooperation: Mauritania’s fisheries and port authorities met a US Coast Guard delegation to discuss seaport collaboration and visits to Nouadhibou and Nouakchott. Oil & gas capability building: Mauritania is taking part in offshore oil and gas exploration and exploitation technology talks in Houston, aiming to attract investors and partnerships.

Energy & Investment Diplomacy: President Mohamed Ould Cheikh El Ghazouani met Kosmos Energy’s CEO Andrew Inglis, alongside the energy minister, signaling continued focus on Mauritania’s upstream opportunities. Private Sector Returns: Mixta Africa shareholders approved a N12.60 dividend per share at its 18th AGM, with payment set for Sept. 30, after strong property sales in 2025. Oil & Gas Capacity Building: Mauritania is taking part in Houston’s OTC conference with a dedicated pavilion to showcase offshore oil, gas and renewables and meet investors. Banking & Jobs: The IFC discussed cooperation with Mauritania on financing private-sector activity, including investment opportunities in banking and support for women’s employment. Blue Economy & Ports: Mauritania joined the Blue Africa Summit in Tangier and met the US Coast Guard to deepen seaport cooperation, including visits to Nouadhibou and Nouakchott ports. Regional Trade & Infrastructure: A new Morocco–Mauritania road deal targets rehabilitation of the El Guerguerat–Nouakchott corridor, strengthening the North-West Africa to West Africa land route. Humanitarian & Migration: The Mauritanian Coast Guard rescued 260 irregular migrants off Nouakchott, highlighting ongoing maritime migration pressures. Governance & Risk: Amnesty International renewed scrutiny of Mali’s conflict, linking alleged war crimes to operations involving Malian forces and Wagner personnel—an issue with spillover relevance for Mauritania’s security outlook.

Mauritania–Morocco Trade & Transport: Morocco and Mauritania signed a framework deal to rehabilitate and widen the 480-km Nouakchott–Nouadhibou road corridor, aiming to ease freight and boost trade flows (over $400m in 2025). EU Humanitarian & Migration Funding: The EU announced nearly €710m for displaced people and crisis relief, including €140m for Eastern Mauritania host communities and migration-related support in Sub-Saharan Africa. Energy & Resources Recognition: Mauritania’s Energy and Petroleum Minister Mohamed Ould Khaled received an African Leadership Excellence Award in New York, spotlighting strategic resource governance. Water Security Finance: The African Water Facility highlighted progress since 2006—23.2m people gained water access and 11.3m gained sanitation—supporting Mauritania-relevant water infrastructure pipelines. Irregular Migration Off Nouakchott: Mauritanian Coast Guard rescued 260 irregular migrants near Nouakchott, underscoring ongoing maritime pressure on West African routes. Regional Business Diplomacy: President Ghazouani launched the Mauritanian–French Business Forum in Paris to deepen investment and economic cooperation. UN & Policy Focus: Mauritania reaffirmed commitment to international law at UNGA, while UNFPA met the Economy Minister on implementing Mauritania’s 2024–2027 population programme. Climate Risk for the Sahel: New analysis flags the Sahel—including parts of Mauritania’s region—as among the hardest hit by El Niño heat through early 2027.

North Africa Trade & Infrastructure: Morocco and Mauritania signed a framework agreement in Rabat to rehabilitate and widen the 480-km Nouakchott–Nouadhibou road corridor, aiming to ease freight, boost trade (over $400m in 2025), and strengthen a land link from the Maghreb to West Africa. Diplomacy & Economic Ties: President Mohamed Ould Cheikh El Ghazouani launched the Mauritanian-French Business Forum in Paris, pushing investment-focused cooperation. Population & Development Finance: Mauritania’s Economy Minister met UNFPA’s regional director to review the 2024–2027 country programme, highlighting support for the recent population census. EU Humanitarian Support (with Mauritania link): The EU announced nearly €710m for displaced people and crisis relief; among migration-related funding, €140m is earmarked for Eastern Mauritania host communities and protection needs. Energy & Industry Outlook: A new analysis says West Africa’s gas race is now about execution speed, reliability, and efficiency—not just reserves—relevant for Mauritania’s offshore push. Migration at Sea: Mauritanian Coast Guard rescued 260 irregular migrants off Nouakchott, including Senegalese and Gambians, after a week-long voyage. Business & Investment Recognition: Mauritania’s Energy Minister Mohamed Ould Khaled received an African Leadership Excellence Award in New York for energy and resource governance.

EU Humanitarian Push: The European Commission announced nearly €710m in aid at UNGA, including €380m for displaced people and migration-related support in Sub-Saharan Africa, plus emergency funding for crises in the Middle East, Ukraine, and winter preparedness for Ukraine. Migration & Safety in Mauritania: Mauritania’s Coast Guard rescued 260 irregular migrants off Nouakchott, including Senegalese and Gambians, highlighting ongoing maritime migration pressures. Family Planning Funding Gap: The Ouagadougou Partnership warned that Francophone West Africa’s family planning gains are fragile as global health financing tightens, citing major progress since 2011 but urging stronger national leadership and sustainable funding. Trade & Infrastructure: Morocco and Mauritania signed a framework to rehabilitate and widen the 480-km Nouakchott–Nouadhibou road corridor to boost trade, with 2025 trade reported above $400m. Extractives Transparency: EITI praised Mauritania’s extractive transparency progress, including revenue forecasting for gas and green hydrogen. Energy Recognition: Mauritania’s Energy Minister Mohamed Ould Khaled received an African Leadership Excellence Award in New York for energy and resource governance. Regional Climate Risk: New research flags the Sahel—including parts of Mauritania—as highly exposed to El Niño-driven heat impacts, raising urgency for protection measures.

Migration & Maritime Safety: Mauritania’s Coast Guard rescued 260 irregular migrants off Nouakchott after two boats were spotted near the fish market; the group included Senegalese and Gambians plus smaller numbers from Guinea-Conakry, Nigeria and Mali, with women and children among those onboard. Humanitarian Finance: The EU unveiled an almost €710M humanitarian package at UNGA, including €52M for Ukraine winter preparedness and major support for displaced people and migrants across Sub-Saharan Africa, with funding also earmarked for host communities in Eastern Mauritania. Regional Diplomacy at UNGA: Egypt’s FM Badr Abdelatty held intensive talks with Arab counterparts including Mauritania’s foreign minister, focusing on Gaza, Sudan, the Horn of Africa, the Red Sea and Yemen. Trade & Infrastructure (Mauritania-Morocco): Morocco and Mauritania signed an agreement to rehabilitate and widen the 480-km Nouakchott–Nouadhibou road corridor to boost transport and trade, citing 2025 trade above $400M. Business & Energy Recognition: Mauritania’s Energy and Petroleum minister Mohamed Ould Khaled received an African Leadership Excellence Award in New York for energy leadership and strategic resource governance. Health Policy: The Ouagadougou Partnership urged stronger national leadership and sustainable financing to protect family planning gains in Francophone West Africa, naming Mauritania among member states.

EU Humanitarian Push: The European Commission announced nearly €710m in UNGA humanitarian aid, including €380m for migrants and crises and emergency support for Palestine and Lebanon, with extra funding for food insecurity and climate shocks across sub-Saharan Africa. Mauritania’s Diplomacy & Law: Mauritania’s foreign minister reaffirmed adherence to the UN Charter and international law, stressing sovereignty, non-interference, and reforms to strengthen institutions and the rule of law. Roads for Trade: Morocco and Mauritania signed an agreement to rehabilitate and widen the 480-km Nouakchott–Nouadhibou road corridor, aiming to boost trade (over $400m in 2025) and move goods faster between West Africa and the Maghreb. Family Planning Funding Pressure: The Ouagadougou Partnership urged stronger national leadership and sustainable financing to protect gains in contraception and reduce unintended pregnancies across Francophone West Africa, warning that external funding is becoming less reliable. Green Hydrogen Momentum: Mauritania’s energy ministry signed an agreement with CWP Global to advance the Aman green hydrogen project toward a final investment decision before 2030. Regional Business & Exports: Algeria’s Condor announced shipments of electronics and household appliances to Mali and Mauritania among other markets, using sea routes via Mauritania to reach Bamako. Finance & Development: Mauritania received an IDA financing donation of $30m for development policy under a budget support operation.

EU Humanitarian Push: European Commission chief Ursula von der Leyen announced nearly €710m in UN humanitarian aid, including €380m for migrant protection and crises, plus emergency support for Palestine, Lebanon, Ukraine and food-insecurity shocks across sub-Saharan Africa—funding that comes as US UN aid has fallen sharply since 2025. Mauritania–Morocco Trade & Transport: Rabat and Nouakchott signed a framework deal to rehabilitate and widen the 480-km Nouakchott–Nouadhibou road corridor, aiming to boost trade (over $400m in 2025) and move goods like food, construction materials and industrial equipment. Energy & Green Industry: Mauritania’s Ministry of Energy and Petroleum signed an agreement with CWP Global for the Aman green hydrogen project, targeting a final investment decision before 2030; GreenGo Energy and Shuangliang also inked an MoU to advance green ammonia projects in Mauritania. Extractives Transparency: EITI praised Mauritania’s extractive-sector transparency progress and highlighted revenue forecasting for gas and green hydrogen, inviting the PM to receive a compliance leadership award. Regional Health Funding: The Ouagadougou Partnership urged sustainable financing and stronger national leadership to protect family-planning gains in Francophone West Africa, including Mauritania, as external funding grows uncertain. Diplomacy & Reform: Mauritania reaffirmed its commitment to international law at the UN General Assembly, stressing sovereignty, non-interference and institutional reform.

UN Diplomacy: Mauritania’s foreign minister reaffirmed adherence to the UN Charter and international law, stressing sovereignty, non-interference and peaceful dispute settlement ahead of the UNGA. Regional Trade & Transport: Morocco and Mauritania signed a framework to rehabilitate and widen the 480-km Nouakchott–Nouadhibou road link, aiming to cut transport costs and boost trade that topped $400m in 2025. Public Health Funding: The Ouagadougou Partnership urged stronger national leadership and sustainable financing to protect family planning gains across Francophone West Africa, warning funding uncertainty could reverse progress. Energy & Minerals Recognition: Mauritania’s energy minister, Mohamed Ould Khaled, received an African Leadership Excellence Award for energy leadership and resource governance during UNGA week in New York. Green Hydrogen Push: Mauritania’s Ministry of Energy and Petroleum signed an agreement with CWP Global to advance the Aman green hydrogen project, targeting a final investment decision before 2030. Extractives Transparency: EITI praised Mauritania’s compliance and highlighted revenue forecasting work in gas and green hydrogen. Visa-Free Tourism Angle: A new Africa visa openness update notes Mauritania among countries tightening visa rules, a potential drag on regional travel and commerce.

Road & Trade Corridor: Morocco and Mauritania signed a framework agreement in Rabat to rehabilitate and widen the 480-km Nouakchott–Nouadhibou road link, aiming to cut transport costs and boost trade flows that topped $400m in 2025. Energy Recognition: Mauritania’s Energy and Petroleum Minister Mohamed Ould Khaled received an African Leadership Excellence Award in New York for energy leadership and strategic resource governance. Green Hydrogen Push: Mauritania’s Ministry of Energy and Petroleum signed an agreement with CWP Global for the Aman green hydrogen project, with FEED underway and a final investment decision targeted before 2030. Finance & Development: Mauritania secured an IDA financing agreement (budget support) worth $30m, while the Prime Minister chaired follow-up work to improve Millennium Challenge Corporation indicators. Extractives Transparency: EITI praised Mauritania’s extractive-industry transparency measures, including revenue forecasting for gas and green hydrogen. Regional Mobility Watch: New visa rules are tightening across parts of Africa; Mauritania is listed among countries that moved from visa-on-arrival to pre-travel visas. Water Security Diplomacy: Saudi Arabia and Senegal, with the Global Water Organization, convened UNGA-side talks on translating water commitments into implementable financing.

Energy & Resources Recognition: Mauritania’s Minister of Energy and Petroleum, Mohamed Ould Khaled, received the African Leadership Excellence Award in New York for energy leadership and strategic resource governance. Development Finance: Mauritania and the World Bank/IDA signed a $30m financing agreement (budget support) to back development policy, while the Prime Minister pushed faster progress on Millennium Challenge Corporation indicators. Governance & Transparency: EITI praised Mauritania’s extractive-industry transparency work, including revenue forecasting for gas and green hydrogen, and highlighted leadership by stakeholders. Industry & Innovation Partnerships: The Finance Minister met UNIDO’s innovation and manufacturing leadership to support Mauritania’s industrial strategy, and a World Bank mission in Nouakchott discussed decentralization and productive medium-sized cities. Regional Trade & Infrastructure: Morocco and Mauritania signed an agreement to rehabilitate and widen the Nouakchott–Nouadhibou road link via Km 55 to boost trade flows. Green Hydrogen Pipeline: GreenGo Energy and Shuangliang signed an MoU to advance megaton green ammonia projects in Mauritania toward bankable studies and FEED. Tourism Pulse: A new batch of French tourists arrived in Atar, supporting local economic activity.

Green Hydrogen & Ammonia Deal: GreenGo Energy and Jiangsu Shuangliang sign an MOU to advance megaton green ammonia projects in Mauritania (and Namibia), moving from concept design to bankable feasibility and FEED. EU Budget Support: Mauritania signs a €100m EU budget support agreement to back green growth, health coverage, and social cohesion, including migration management. World Bank/IDA Financing: Mauritania and IDA sign a $30m financing agreement (donation) as part of the third budget support operation for development policy. Local Development & Cities: A World Bank mission meets Mauritania’s decentralization ministry in Nouakchott to assess progress on support for decentralization and productive medium-sized cities. Extractives Transparency: EITI praises Mauritania’s compliance and highlights revenue forecasting for gas and green hydrogen, inviting the Prime Minister to receive a compliance leadership award. Local Content & Green Hydrogen Rules: Petroleum, Mines and Energy holds a media day on draft local-content laws for extractives and a green hydrogen code approved by the Council of Ministers. Infrastructure & Trade Corridor: Morocco and Mauritania sign an agreement to rehabilitate and widen the Nouakchott–Nouadhibou road link via Km 55 to ease transport and trade flows. Tourism Boost: Atar welcomes a new batch of French tourists, with the latest flight bringing 107 visitors, supporting local business activity.

Fish Trade: Nigeria’s fish import bill fell 14.8% year-on-year to about N167.91bn in Q2’26, with Mauritania emerging as a key source for jack and horse mackerel. Green Hydrogen & Ammonia: GreenGo Energy and Shuangliang signed an MoU to advance large-scale green ammonia projects in Mauritania and Namibia, moving toward bankable feasibility and FEED. Development Finance: Mauritania signed an IDA financing agreement worth $30m (donation) for budget support, while the EU approved a €100m budget support deal aimed at green growth, health coverage and migration management. Extractives Local Content: Draft laws on local content in extractive industries and a green hydrogen code were presented to the public, targeting stronger domestic participation and an energy transition framework. World Bank & Decentralization: A World Bank mission met Mauritania’s decentralization ministry to assess progress on supporting decentralization and productive medium-sized cities. Infrastructure & Trade Links: Morocco and Mauritania agreed to rehabilitate and widen the Nouakchott–Nouadhibou road link via Km 55 to boost transport and trade flows. Debt & Reform: The Prime Minister pushed ministries to improve Mauritania’s Millennium Challenge Corporation indicators ahead of potential investment benefits.

Mining & Capital Returns: Kinross cut 2026–27 guidance after extreme weather and operational issues at La Coipa and Round Mountain, but kept costs broadly on track and lifted its 2026 shareholder return target to 50% of free cash flow. Extractives Transparency: EITI praised Mauritania’s extractive transparency progress, highlighting legal frameworks and revenue forecasting for gas and green hydrogen, and flagged a compliance leadership award. Debt & Finance Diplomacy: Mauritania’s Economic Affairs minister joined the Paris Club (Paris Forum) discussions on sovereign debt crisis prevention and met to review technical assistance and sustainable external debt management. World Bank & Decentralization: A World Bank mission met Mauritania’s decentralization ministry to assess progress on support for decentralization and productive medium-sized cities. EU Budget Support: Mauritania signed an EU budget support deal worth €100m to back green growth, health coverage, and migration management. Energy & Grid Buildout: AFD will fund €64m for a high-voltage line (Ghayra–Kiffa), a 50MW plant in Kiffa, and grid links to Mali, aiming to expand connections and reduce rural power gaps. Green Hydrogen Partnerships: GreenGo Energy and Shuangliang signed an MoU to advance megaton green ammonia projects in Mauritania and Namibia toward bankable studies. Trade & Regional Connectivity: Morocco and Mauritania agreed to rehabilitate and widen the Nouakchott–Nouadhibou road link via Km 55 to strengthen transport and trade flows. Tourism Pulse: Atar welcomed a new France flight with 107 tourists, supporting local business activity.