Mauritania ,Germany Sign €15 Million Employment Agreement
Nouakchott
The Minister of Economy and Development, Mr. Mohamedou Ahmedou Mhaimid, signed a financial agreement on Tuesday, in Nouakchott with Ms. Sonja Höss, Regional Advisor at the German Development Bank (KfW), aimed at supporting employment in Mauritania through financing for small and medium-sized enterprises.
The grant amounts to 15 million euros, equivalent to approximately 675 million new ouguiyas, to support employment in Mauritania through financing for small and medium-sized enterprises.
The Minister of Economic Affairs and Development highlighted the strong Mauritania-Germany partnership across economic and social sectors, stressing that the agreement reflects President Mohamed Ould Cheikh El Ghazouani’s vision of placing youth at the heart of development and building a diversified, resilient economy. He also emphasized the importance of employment, resource mobilization, and support for small and medium-sized enterprises.
The German Ambassador to Mauritania, Florian Reindel, welcomed the partnership as an important milestone in strengthening friendship and cooperation between the two countries, affirming their commitment to a relationship based on mutual trust and dialogue. He expressed hope that the agreement would improve the living conditions of Mauritanian youth.