The
Mauritania Economy and Business depend a lot on agriculture and mining. Iron ore is one of the main natural resources of Mauritania. The Mauritania Economy and Business runs heavily on the export of iron ore. With the recent hike in metal prices, a number of copper and gold mining companies are opening up in the interior of Mauritania. The fish processing is one of the other sectors that draw money for the Government of Mauritania. A big number of laborers in Mauritania are engaged in the construction work. While a few are engaged in road construction, others are engaged in port construction. Most of the construction projects are financed by foreign companies.
The two prime industries recorded in the manufacturing sector include a steel mill and an oil refinery. A fair number of small enterprises opened up by 1986 in Mauritania. A few of them include a manufacturer of perfume, cement bagging company, company dealing in blanket fabrication. In Nouakchott, a sugar mill was built by the Americans. It dealt in the packaging of the imported refined sugar.
After Mauritania gained independence in 1960, the West African Monetary Union incorporated Mauritania as their member. But to demonstrate its autonomous economic identity, Mauritania withdrew from the West African Monetary Union. An autonomous central bank was created by Mauritania. The banking structure and monetary system of Mauritania stand on the Central Bank of Mauritania and six other commercial banks.
For further information on
Mauritania Economy and Business, you can refer to the following links:
Mauritania Economy and Business |
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