Mauritania ess business

What percentage of business loans go to SMEs in Mauritania?

Data showed that in 2018 and 2020, only 12 percent of business loans went to small and medium sized (SMEs), while large companies received 88 percent. The report confirms that access to finance remains a key constraint for Mauritania’s private sector, especially smaller firms. Figure 3. Access to financial account by category

Does Mauritania benefit from a strong private sector?

The report finds that Mauritania benefits from a resilient and job-creating formal private sector with job creation mainly driven by large companies.

Do Mauritanian firms have room to improve technology?

The report also suggests that Mauritanian firms have significant room to improve technology in their key business functions. Technology adoption among private sector remained low in 2021, especially with regards to use of technology to aid general business functions, such as sales, sourcing, quality control, and marketing.

What is the Economic Update for Mauritania?

The fifth Economic Update for Mauritania, released today by the World Bank, analyses recent economic developments, the outlook for 2022-24, and proposes policy actions to support Mauritania’s economic transformation focusing on the role of private sector in job creation.

What is the main industry in Mauritania?

Mining, primarily of iron ore operated by the state-owned company “Societe Nationale des Industries Minieres” (SNIM), is one of the largest industries in Mauritania, followed by gold production operated by Canadian multinational company Kinross Gold Corporation for over 10 years. The production of iron ore makes up 46 percent of total exports.

Why has Mauritania renewed its focus on infrastructure?

To facilitate its ambitious plans for the energy, fishing, and agribusiness sectors, Mauritania has renewed its focus on developing infrastructure – particularly road construction and telecommunications.