Germany funds 15 million euros for Mauritanian jobs
Nouakchott and Berlin sign financing agreement to support small and medium enterprises.
Mauritania's Minister of Economic Affairs and Development, Mouhamedou Ahmedou Mhaimid, signed a 15 million euro financing agreement in Nouakchott on Tuesday. The deal with Sonja Haus, regional advisor for the German development bank KfW, aims to support employment in Mauritania by financing small and medium enterprises (SMEs). The funds, equivalent to approximately 675 million Mauritanian Ouguiya (MRU), will provide financial resources to foster value creation, growth, and job creation within these businesses.
Minister Mhaimid stated that Mauritania and Germany share a strong partnership across economic and social sectors, highlighting employment as a key area of cooperation. He noted that mobilizing resources remains a challenge for SMEs. The German Ambassador stated the agreement strengthens bilateral relations and reflects a mutual desire for continued partnership based on trust and open dialogue, expressing hope for improved living conditions for young Mauritanians.
The financing agreement is intended to provide SMEs with the financial resources they need. This initiative is expected to contribute to the improvement of living conditions for young Mauritanians. The partnership between Mauritania and Germany is described as solid and fruitful in multiple economic and social areas.
Why it mattersSmall and medium enterprises in Mauritania will receive financing to create jobs and foster growth.