On Friday, Mauritania's Prime Minister, Moktare Ould Aje, presided over a ministerial meeting in Nouakchott to discuss a draft law aimed at regulating and developing the country's traditional industry sector. The proposed law seeks to organize the practice of traditional industry activities and simplify their professional structure. This move is expected to enhance financing and promotion opportunities for traditional industries.
The draft law also proposes the establishment of a National Fund for the Promotion of Traditional Industry. This fund will enable craft enterprises to benefit from incentives directed at small and medium-sized enterprises, as well as start-ups. The development of this law is a result of a consultative process that culminated in a national forum on the reorganization of the sector. Various stakeholders participated in the forum.
The initiative is part of President Mohamed Ould Cheikh El Ghazouani's commitment to promoting the traditional industry sector. The President's program, titled "Ambition for the Country," aims to address the lack of a regulatory framework for the sector. This sector plays significant economic, social, and cultural roles in Mauritania.
The traditional industry sector in Mauritania faces several challenges. These include limited access to finance and markets, as well as a lack of formal structures. The proposed law aims to address these challenges by providing a clear regulatory framework. This framework will help to promote the growth and development of traditional industries.
During the meeting, the Prime Minister emphasized the importance of reviewing the draft law. He instructed ministers to consider observations and proposals raised during the meeting. This review process aims to ensure that the final law is comprehensive and effective.
The development of the traditional industry sector is crucial for Mauritania's economic diversification. The sector has the potential to create jobs and generate income for many Mauritanians. By promoting traditional industries, the government aims to reduce the country's reliance on a few key sectors.
The next steps in the process involve further review and consultation on the draft law. The government will work with stakeholders to finalize the law. Once enacted, the law is expected to have a positive impact on the traditional industry sector.
Key points
- The draft law aims to regulate and develop Mauritania's traditional industry sector.
- The proposed law includes the establishment of a National Fund for the Promotion of Traditional Industry.
- The initiative is part of President Mohamed Ould Cheikh El Ghazouani's program to promote the traditional industry sector.
