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AfDB, Mauritania’s BCI Group Ink $485,000 AFAWA Agreement

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The African Development Bank (AfDB) has signed a technical assistance agreement with Mauritanian financial institution, the Bank for Trade and Industry Group (BCI), to improve access to financing for women in Africa.

The agreement falls under the Affirmative Finance Action for Women in Africa program, a pan-African initiative that aims to close the $42 billion financing gap for women in Africa by unlocking $5 billion in funding for women-owned and managed small and medium enterprises (SME) by 2026.

Signed by AfDB Director General for North Africa, Mohamed El Azizi and Managing Director of BCI’s Trade and Industry Group, Isselmou Tajidine, the agreement will strengthen the BCI’s financing capacity while supporting women-owned SMEs across West Africa.

According to Tajidine, “This technical assistance project reinforces the BCI Group’s strategic partnership with the AfDB, which will position us as the bank of choice for women entrepreneurs in Mauritania, Senegal, Mali and Guinea. It will help expand our offering of financial products and technical support for women-led businesses.”

“The signing of this technical assistance agreement with the BCI Group is an important step in supporting the financing inclusion and growth of women-led SMEs, which play a crucial role in Mauritania’s economic development,” Tajidine stated.

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Under the patronage of H.E Mohamed Ould Cheik Ghazouani, President of the Republic of Mauritania in partnership with Ministry of Petroleum, Energy and Mines, the Société Mauritanienne Des Hydrocarbures Et De Patrimoine Minier (SMHPM), Petrosen, Cos Petrogaz and the African Energy Chamber, MSGBC Oil, Gas & Power will take place in Nouakchott, Mauritania, with the event serving as a catalyst for investment and multi-sector development in 2023. To find out more visit msgbcoilgasandpower.com or contact sales@energycapitalpower.com.

MSGBC, OIL, GAS & POWER 2023 CONFERENCE AND EXHIBITION

Under the patronage of H.E Mohamed Ould Cheik Ghazouani, President of the Republic of Mauritania in partnership with Ministry of Petroleum, Energy and Mines, the Société Mauritanienne Des Hydrocarbures Et De Patrimoine Minier (SMHPM), Petrosen, Cos Petrogaz and the African Energy Chamber, MSGBC Oil, Gas & Power will take place in Nouakchott, Mauritania, with the event serving as a catalyst for investment and multi-sector development in 2023. To find out more visit msgbcoilgasandpower.com or contact sales@energycapitalpower.com.

Charné Hollands

Charné Hollands

Charné Hollands is the Deputy Editor at Energy Capital & Power. She holds a Higher Certificate in Professional Photography and Masters in Media Studies from the University of Cape Town. Charné writes content for ECP's website and events as well as co-authored African Energy Chamber: Road to Recovery.

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