Ahmad 
Mauritania is steadily striving to achieve a prominent position as a uranium producer in West Africa, becoming the second largest producer in the region and the seventh in the world.
This new wealth will add value to gas and oil revenues expected to begin flowing into Mauritania’s treasury this year.
In a report by the International Monetary Fund on Mauritania, the country is expected to achieve a growth rate of 14.3% by the end of 2025, the highest rate on the African continent.
The Mauritanian uranium deal has sparked interest from Australia’s Ora Energy, which has the concession to implement the Uranium Terse project.
In a statement, the Australian company announced A$16.2 million (US$16.6 million) to fund the Uranium Teris project, with the plan to start production in 2026.
In order to achieve the project’s objectives, Ora Energy must obtain US$230 million in total funding for the project, an amount determined by the Base Engineering Study.
All eyes are now on global demands on project management, which are expected to increase over the next few years, based on the intentions of countries seeking to double their nuclear energy production, reflecting a global trend towards the transition from fossil energies to clean energy.
Namibia is Africa’s number one uranium producer and ranks third in the world in its production, after Kazakhstan and Canada, while the TERIS uranium project marks a remarkable new beginning for Mauritania, which has enormous resources that have not yet been underutilized.
Record increase in borrowing by Arab countries from the International Monetary Fund