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African Development Bank Group (AfDB)

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    • The signed contract is displayed by (right to left) Economy and Finance Minister Sid'Ahmed Ould Bouh, Energy and Petroleum Minister Mohamed Ould Khaled, and Moulay El Arby, Director of Ewa Green Energy, in the presence of project stakeholders and energy sector officials
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Source: African Development Bank Group (AfDB) |

Mauritania signs $300 million Independent Power Producer (IPP) deal for hybrid solar-wind plant under Desert to Power initiative

The project marks a milestone in the country’s drive to expand electricity generation through private financing while accelerating its transition to renewables

Mauritania has signed its first independent power producer contract, a $300 million agreement with Iwa Green Energy to develop a 60-megawatt hybrid solar-wind power plant. The project marks a milestone in the country’s drive to expand electricity generation through private financing while accelerating its transition to renewables. The facility, scheduled…

African Development Bank Group (AfDB)

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    • Group photo of African women entrepreneurs’ associations and workshop participants
    • Presentation of the study report to representatives of Mauritanian women entrepreneurs’ associations
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Source: African Development Bank Group (AfDB) |

African Development Bank Unveils Groundbreaking Mapping of Women Entrepreneurs’ Associations in Africa

The study shows that while nearly one in four African women is an entrepreneur, 87 percent of women’s associations lack financial management capacity

The African Development Bank (www.AfDB.org) has unveiled the findings of a first-of-its-kind study mapping women entrepreneurs’ associations across sixteen African countries, revealing significant capacity gaps that hinder their economic impact. Launched on 6 August in Nouakchott, the study shows that while nearly one in four African women is an entrepreneur,…

African Development Bank Group (AfDB)

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    • Sidi Ould Tah elected ninth president of the African Development Bank Group (1)
    • Sidi Ould Tah elected ninth president of the African Development Bank Group (2)
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Source: African Development Bank Group (AfDB) |

Sidi Ould Tah elected ninth president of the African Development Bank Group

Tah will assume office on 1 September 2025, for a five-year term, following the end of the second mandate of current President, Dr. Akinwumi Adesina

Sidi Ould Tah of Mauritania was today elected President of the African Development Bank Group (www.AfDB.org) at the Bank’s Annual Meetings held in Abidjan, Côte d’Ivoire.   Tah was elected by the Bank’s Board of Governors, comprising Finance and Economy Ministers or Central Bank Governors of the Bank Group’s 81 regional…

African Development Bank Group (AfDB)

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    • The African Development Bank's loan to SNIM will facilitate the acquisition of up to 36 locomotives and 1,743 wagons to transport iron production to the Nouadhibou ore port
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Source: African Development Bank Group (AfDB) |

Mauritania: African Development Bank grants $150 million loan to Boost mining sector

The approval, granted on November 29, is part of SNIM’s $467 million logistics expansion program, which aims to double the transport capacity of its iron ore railway by 2030

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $150 million senior loan to Mauritanian state-owned iron ore firm Société Nationale Industrielle et Minière (SNIM) to increase its logistics capacity and strengthen the country’s mining sector.  The approval, granted on November 29, is part of…

African Development Bank Group (AfDB)
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Dig deep to aim high: how to use mining to unlock Mauritania’s potential (By Malinne Blomberg)

The Bank’s financial support goes hand in hand with a strong commitment to the country's compliance with environmental and social standards

By Malinne Blomberg These are exciting times in Mauritania. This nation connecting West and  North Africa is transforming its economy through mining, green hydrogen, and natural gas. During the campaign for presidential elections, held on June 29, President Ould Ghazouani announced he would scale up the mining industry if re-elected. Here…

African Development Bank Group (AfDB)

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    • Several regions of Mauritania will benefit from the AfDB project, which aims to increase productivity, add value to agricultural products, boost women's incomes and support female entrepreneurship
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Mauritania: The African Development Bank grants $17 million to strengthen resilience of female market gardeners, add value to agricultural production and increase incomes of rural women

The project will directly benefit up to 22,200 households and will have indirect impact on nearly 90,000 people

The African Development Bank (ADB) Group (www.AfDB.org) Board of Directors has approved a grant of $17 million to the Islamic Republic of Mauritania to implement the Project for Promotion of Gender-Sensitive Agricultural Value Chains and Women's Entrepreneurship (French acronym PCVASGEF) (http://apo-opa.co/3ztTpsd). This project is financed under the Global Agriculture and…

African Development Bank Group (AfDB)

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    • Desert to power will harness the Sahel's energy potential to provide 250 million people living in the Sahel with clean, abundant and affordable energy
    • The Desert to Power project will produce up to 10 GW of solar energy to supply 250 million people in 11 Sahel countries with photovoltaic power
    • The president of the African Development Bank, Dr. Akinwumi Adesina, who is spearheading the initiative, considers Desert to Power to be the "baobab" of the Bank's projects because of its scale, its scope, the number of people who will benefit and its importance for the economy and people's lives
    • Desert to power will provide on-grid and off-grid electricity to the people of the Sahel
    • A woman working in a dairy factory in Mali. The private sector will benefit greatly from the spin-offs of the Desert to power initiative
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Source: African Development Bank Group (AfDB) |

The African Development Bank's Desert to Power Initiative

The Desert to Power initiative aims to bring energy to one of the least developed and most marginal parts of the continent

Desert-to-Power involves 11 countries across Sahelian belt; 250 million people set to benefit with 10 gigawatts of solar by 2030. The African Development Bank is the driving force behind one of the world's most ambitious energy projects: the Desert to Power initiative aims to bring energy to one of the least…

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    • From L to R : Malinne Blomberg, African Development Bank Deputy Director General for North Africa, Abdelssalam Mohamed Saleh, Mauritania’s Minister of the Economy and Sustainable Development, Nany Ould, Minister of Energy, Oil, and Mines, during the signature of the $289 million financing agreement for two energy project sectors in Mauritania
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Source: African Development Bank Group (AfDB) |

Mauritania: Over $289 million in financing to develop solar power generation and transmission and accelerate energy transition

The first project, the PIEMM, involves building a 225 kV electricity interconnection to link Mauritania to Mali as part of the Desert to Power Initiative

Mauritania's Minister of Economy and Sustainable Development, Abdessalam Mohamed Saleh, and the African Development Bank's (www.AfDB.com) Deputy Managing Director for North Africa, Malinne Blomberg, signed, on Thursday in Nouakchott, financing agreements for two energy sector projects in Mauritania worth a total of US$289.5 million, covering solar power generation, transnational electricity…

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    • Conference of Parties (COP 28): African countries sign on to join pioneering global battery energy storage consortium
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Conference of Parties (COP 28): African countries sign on to join pioneering global battery energy storage consortium

African Development Bank joins initiative of the Global Leadership Council as resource partner

Several African countries have formally expressed interest to join the groundbreaking Battery Energy Storage Systems (BESS) Consortium, launched Saturday during COP28, which could revolutionise Africa’s energy landscape by developing advanced energy storage solutions through collaboration and innovation. Joining the BESS Consortium, a multistakeholder partnership initiative of the Global Leadership Council,…

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    • The African Development Bank is providing $950,000 to support women’s access to finance and training and accelerate economic inclusion in the Sahel region
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Source: African Development Bank Group (AfDB) |

Sahel region: African Development Bank to extend nearly $1m in gender-based grants to boost opportunities for women-led businesses

The grant, which will supplement an earlier $3.9 million financing grant from the Bank’s Transition Support Facility, is expected to bolster 1,400 women-led enterprises

The African Development Bank's Gender Equality Trust Fund (www.AfDB.org) will provide a $950,000 grant to the Africa Small and Medium Enterprise Business Linkages Program in Burkina Faso, Chad, Mali, Mauritania, and Niger.  The grant, which will supplement an earlier $3.9 million financing grant from the Bank’s Transition Support Facility, is expected…