LSEG (London Stock Exchange Group) has been selected by the Banque Centrale de Mauritanie (BCM) to support its Financial Infrastructure Modernization Programme, a project financed by the African Development Bank.
This transformative initiative is set to transfigure Mauritania's financial landscape by upgrading its primary and secondary trading workflow and infrastructure. This shift will encompass auctions, interbank trading, price discovery, and market surveillance, offering robust reporting capabilities to the central bank.
Mr. Mohamed Lemine DHEHBY, Governor of the Banque Centrale de Mauritanie (BCM), expressed, "Our partnership with LSEG marks a significant step in the ongoing enhancement of Mauritania's financial market. The Financial Infrastructure Modernization Program will bolster the market's capabilities and facilitate its seamless integration into the global financial system."
Commenting on this collaboration, Nadim Najjar, Managing Director, Central and Eastern Europe, Middle East and Africa, LSEG, said: "We are delighted to have been chosen by the Banque Centrale de Mauritanie to support them in this important journey. The implementation of advanced technology and streamlined processes is expected to drive efficiency, reduce risks, and enhance transparency. This will ultimately benefit the entire financial community and enable Mauritania to be more competitive on the international stage.”
