Mauritania, July 15 -- To support the growth of business tourism, strengthen local value chains, and create jobs in Mauritania, IFC, a member of the World Bank Group, today announced an investment in Grands Hotels de Mauritanie SA (GHM), the owner of a five-star hotel in Nouakchott.IFC will provide up to $15 million in long-term financing to support the operations of the country's first internationally branded five-star hotel. Open since November 2025, the 200-room property has significantly expanded Mauritania's capacity to host business travelers, conferences, and international events while meeting growing demand for internationally recognized hospitality standards. IFC's financing will help scale the hotel's operations and maximize its l...