TechInAfrica – The online Investment Guide (iGuide)—a tool containing up-to-date and reliable information about relevant laws, regulations, cost, and opportunities—was launched in Mauritania, North Africa. The launching was witnessed by the media and the representatives of public and private sector.
The General Secretary a.i. of the Ministry of the Economy and Finance of the Islamic Republic of Mauritania, Mohamed Salem Ould Soueilim stated: “Investment is a key driver of development. The iGuide should help us seize the opportunities provided the international markets as well as promote domestic investment.”
iGuide is a website that contains relevant topics regarding rules and procedures of starting a business, skills, and wage levels of the local labor force, as well as investor rights and business sectors. It is a tool developed by the Ministry of the Economy and Finance partnering with the ECA and UNCTAD.
For users who want to access more detailed information about a specific topic on iGuide’s website, they are required to consult uploaded additional documents, for example, the French version of laws and regulations as well as contact details of the relevant institutions.
Joseph Baricako, the Economic Affairs Officer at United Nations Economic Commission for Africa (ECA) said that iGuide is basically like the other investment guides in other countries in the world, meaning that it is developed, managed, and updated by the national authorities.
Mauritania is not the only African country to launch iGuide this year. In fact, the other African countries have also launched it, including Madagascar, Malawi, Nigeria, the Republic of Congo, and Zambia. Meanwhile, Ethiopia will also launch it by the end of 2018. Until today, at least there are thirteen countries in Africa, Asia, and the Caribbean have an online investment.