AGP Executive Report
Last update: 10 hours agoBusiness Tourism Boost: IFC committed up to $15m to expand Grands Hôtels de Mauritanie’s Sheraton Nouakchott, aiming to deepen Mauritania’s business-travel and conference capacity while creating jobs and strengthening local supplier value chains. Inflation Watch: Mauritania’s local commodity prices jumped in June, pushing annual inflation for locally produced goods to 10.2% and overall consumer prices to 9.2% year-on-year, with fish and red meat among the biggest drivers. Energy Build-Out: Mauritania’s PM says Nouakchott is set to gain a 72MW power plant expansion and a 100,000m³ fuel storage increase, with both projects targeted for completion before end-2026. Oil & Gas Interest: Murphy Oil and Chariot have applied for offshore exploration acreage in Mauritania, signaling renewed upstream appetite after recent exits by other firms. Regional Connectivity: Via Africa’s planned Atlantic submarine cable consortium includes Mauritania Telecom and aims to improve Europe-Africa digital links, with Mauritania among the route destinations. Health Investment: An OIC forum in Nouakchott urged partnerships and regional value chains to grow local production of medicines and medical devices, backed by government, finance and private-sector players.
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