Mauritania, Africa

​​LIST OF INSURANCE COMPANIES IN MAURITANIA

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MAURITANIA

Mauritania, is an Arab Maghreb country in West Africa. It is bordered by the Atlantic Ocean in the west, by Western Sahara (controlled by Morocco) in the north, by Algeria in the northeast, by Mali on the east and southeast, and by Senegal on the southwest. It is named after the ancient Berber Kingdom of Mauretania, which later became a province of the Roman Empire, even though the modern Mauritania covers a territory far to the south of the old Berber kingdom that had no relation with it.

The capital and largest city is Nouakchott, located on the Atlantic coast.
The government of Mauritania was overthrown on 6 August 2008, in a military coup d’état led by General Mohamed Ould Abdel Aziz. On 16 April 2009, General Aziz resigned from the military to run for president in the 19 July elections, which he won. In Mauritania about 20% of the population live on less than US$1.25 per day.
Slavery in Mauritania has been called a major human rights issue as well as female genital mutilation, child labor, and human trafficking

Economy
Graphical depiction of Mauritania’s product exports in 28 color-coded categories
Despite being rich in natural resources, Mauritania has one of the lowest GDP rates in Africa. A majority of the population still depends on agriculture and livestock for a livelihood, even though most of the nomads and many subsistence farmers were forced into the cities by recurrent droughts in the 1970s and 1980s.

Mauritania has extensive deposits of iron ore, which account for almost 50% of total exports. With the current rises in metal prices, gold and copper mining companies are opening mines in the interior. The country’s first deepwater port opened near Nouakchott in 1986. In recent years, drought and economic mismanagement have resulted in a buildup of foreign debt. In March 1999, the government signed an agreement with a joint World Bank-International Monetary Fund mission on a $54 million enhanced structural adjustment facility (ESAF).

The economic objectives have been set for 1999–2002. Privatization remains one of the key issues. Mauritania is unlikely to meet ESAF’s annual GDP growth objectives of 4%–5%.

Oil was discovered in Mauritania in 2001 in the offshore Chinguetti field. Although potentially significant for the Mauritanian economy, it remains to be seen how much it will help the country. Mauritania has been described as a “desperately poor desert nation, which straddles the Arab and African worlds and is Africa’s newest, if small-scale, oil producer.” There may be additional oil reserves inland in the Taoudeni basin, although the harsh environment will make extraction expensive.

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