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Abidjan: President Ghazouani Showcases Mauritania’s Achievements in Supporting the Private Sector
Highlighting Economic Reforms at the Africa CEO Forum
During his participation in the Africa CEO Forum held in Abidjan, Mauritanian President Mohamed Ould Cheikh El Ghazouani presented a comprehensive overview of the reforms and initiatives undertaken by Mauritania to bolster its private sector. Speaking before a distinguished audience of African and international business leaders, President Ghazouani emphasized the government’s commitment to creating a favorable business environment and fostering sustainable economic growth through private sector engagement.
He noted that Mauritania has made significant strides in improving its investment climate, citing the implementation of structural reforms aimed at enhancing transparency, simplifying administrative procedures, and strengthening legal frameworks. These efforts, he explained, are part of a broader national strategy to diversify the economy and reduce dependence on extractive industries.
Key Measures to Empower the Private Sector
President Ghazouani outlined several concrete measures that his administration has taken to support private enterprise and attract foreign investment. These initiatives are designed to stimulate entrepreneurship, create jobs, and drive inclusive development across the country.
- Establishment of a national investment promotion agency to facilitate investor relations and streamline processes.
- Launch of public-private partnerships in key sectors such as infrastructure, agriculture, and renewable energy.
- Reform of the banking and financial sectors to improve access to credit for small and medium-sized enterprises (SMEs).
- Development of industrial zones and logistical hubs to support export-oriented industries.
These reforms, according to the President, have already begun to yield positive results, with increased investor interest and a growing number of private sector-led projects being launched across the country.
Regional Cooperation and Vision for the Future
In his address, President Ghazouani also stressed the importance of regional cooperation in achieving sustainable development. He called for greater integration among African economies and encouraged collaboration between governments and the private sector to address shared challenges such as youth unemployment, infrastructure deficits, and climate change.
He reaffirmed Mauritania’s readiness to play an active role in regional economic initiatives and highlighted the country’s strategic geographic position as a gateway between North and Sub-Saharan Africa. The President concluded by inviting investors to explore the opportunities Mauritania offers, assuring them of the government’s continued support and commitment to economic openness.
Conclusion: A Promising Path for Private Sector Growth
President Ghazouani’s presentation in Abidjan underscored Mauritania’s proactive approach to economic reform and private sector development. Through targeted policies, institutional reforms, and regional cooperation, the country is positioning itself as an emerging destination for investment and entrepreneurship in West Africa.
As Mauritania continues to implement its vision for inclusive and sustainable growth, the support of the private sector will remain a cornerstone of its development strategy. The message from Abidjan is clear: Mauritania is open for business and ready to partner with investors to build a prosperous future.
