IFC backs Mauritania hotel owner
The company owns the Sheraton Nouakchott Hotel, Mauritania’s first internationally branded five-star hotel.
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The International Finance Corporation (IFC) has announced an investment in Grands Hôtels de Mauritanie. The company owns the Sheraton Nouakchott Hotel, operated by Marriott International under the Sheraton brand.
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 travellers, conferences, and international events while meeting growing demand for internationally-recognised hospitality standards.
“This hotel represents a major milestone for Mauritania’s hospitality sector. As the country’s first internationally branded five-star hotel under the Sheraton flag, it sets a new benchmark for quality, service, and sustainability. Beyond welcoming business and leisure travellers, it will create jobs, develop local talent, and strengthen local value chains,” said Mokhtar Mohamed Ebeye, chief executive officer of Grands Hôtels de Mauritanie.
“A dynamic private sector depends on high-quality infrastructure that enables businesses to invest, grow, and create jobs,” said Olivier Buyoya, IFC regional director for West Africa. “By supporting this project, we are helping strengthen an entire economic ecosystem. This investment will stimulate local value chains, support the growth of business tourism, enhance Mauritania’s attractiveness to investors, and contribute to private sector-led economic growth.”
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