24/10/2026

Finance Minister signs credit line with Director General of ITFC for SOMELEC

On 5 June, H the Minister of Finance, Mr. Isselmou Ould Mohamed M’Badi, signed with Mr. Hani Salem Sonbol, Director General of the Islamic International Foundation for Trade Finan
Finance Minister signs credit line with Director General of ITFC for SOMELEC
On 5 June, H the Minister of Finance, Mr. Isselmou Ould Mohamed M’Badi, signed with Mr. Hani Salem Sonbol, Director General of the Islamic International Foundation for Trade Finance (ITFC), on the side-lines of the annual meetings of the Islamic Development Bank Group (IDB), which is currently hosted by the Egyptian city of Sharm el-Sheikh, to finance a line of credit of US$50 million for the Mauritanian Electricity Company (SOMELEC), in the form of a fuel importing.

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Updated 24/10/2026 00:02