Mauritania signs US$40B deal with CWP for world’s biggest renewable energy project

MAURITANIA – The Mauritanian government has signed a US$40 billion framework agreement with CWP Global, an energy group based in Newcastle, Australia to develop a mega green hydrogen project. Mauritania is set to host one of the largest green hydrogen projects on the African continent. Called “AMAN”, it is being led by CWP Global, an energy group based in Newcastle,…

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Mauritania green hydrogen project takes step forward with Chariot pact

MAURITANIA – Mauritanian government has signed a landmark deal with energy transition player Chariot that outlines the next steps for the company’s ambitious 10-gigawatt green hydrogen development known as Project Nour. The framework agreement to map out the next development phases was signed by Mauritania’s Ministry of Petroleum, Mines & Energy, on behalf of the government, and Chariot following the…

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Telecel Group completes acquisition of Mattel Mauritania

MAURITANIA – UK-based group Telecel Group has completed the acquisition of Mauritanian cellco Mattel from Tunisie Telecom (TT) and its local partners. The acquisition will enable Telecel to position itself as a market disrupter of the traditional model of services in Africa. Mattel, the smallest of Mauritania’s three mobile network operators (MNOs), was established in 2000 and is currently owned…

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BMCI, TagPay set to rout out digital bank Masrv for value-added financial services

MAURITANIA – The Mauritanian Bank for International Trade (BMCI) has partnered with TagPay to roll out its digital bank Masrvi, aimed at providing digital, value-added financial services to its customers. Powered by TagPay, Masrvi was launched at the end of April and responds to Mauritanians’ banking needs by providing secure and accessible banking services, across the country through mobile networks,…

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Recyclable waste collector WeCycle secures US$3m investment from Inside Capital

MAURITANIA – Inside Capital, an independent private equity manager, has invested US$3.1 million in the Mauritian recyclable waste collector company WeCycle, to drive its local and regional expansion. WeCyle’s core business consists of collecting paper and cardboard for export to recycling companies in India, Indonesia, South Korea and Madagascar. Inside Capital’s investment will support WeCycle to substantially expand its waste…

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Spanish energy company Elecnor sells stake in Mauritanian wind power project to Siemens

MAURITANIA– Spanish energy company Elecnor has offloaded its stake in the Boulenouar wind power project, located in Western Mauritania, to German company Siemens AG. The Spanish energy company Elecnor is withdrawing after helping to set up the consortium responsible for the development of this clean energy project. The consortium was originally comprised of Elecnor, German company Siemens, and Siemens Gamesa…

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Mauritania receives US$2.1m grant from AfDB to bolster resilience against climate related shocks

MAURITANIA – The Islamic Republic of Mauritania has received a US$2.1 million grant from the African Development Bank to boost the country’s resilience against climate related shocks and food insecurity. AfDB in a statement revealed the funds were sourced from the African Development Fund and that it was extending the funding under its Africa Disaster Risk Financing (ADRiFi) program. ADRIFI…

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