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About North Africa Risk Consulting

North Africa Risk Consulting Inc. is the political risk consultancy specializing exclusively in North Africa & the Sahara. NARCO helps firms navigate Maghreb markets. Ongoing events in North Africa and the Sahara have heightened the need to understand political circumstances, their trajectories and implications for the commercial environment. Learn more about North Africa Risk Consulting.

NARCO is rolling out a new approach to its monthly RoundUp. Instead of one issue with three countries, issues will be divided by country, which allows for more timely RoundUps and more actionable insights for NARCO’s clients. (Too often, RoundUps were overtaken by events that are moving very quickly throughout the region.)

As NARCO told its clients in private last week, there was a very high likelihood that Mauritanian President Mohamed Ould Ghazouani would shuffle his cabinet. Following the release of the Parliamentary Enquiry Committee’s (CEP) report into financial mismanagement and corruption during his predecessor's two administrations, President Ghazouani needed to take decisive action that would clearly show that his administration was different.

In an effort to distinguish his administration from that of his predecessor, President Mohamed Ould Ghazouani sanctioned the formation of a parliamentary committee to investigate Mauritania’s financial stewardship during the previous administration. But the investigation is turning into a political crisis.

As soon as it was announced that Algerian President Abdelmadjid Tebboune had replaced Mohamed Arkab at the Ministry of Energy with Abdelmadjid Attar, NARCO did a quick “Attar” search through its files. The search returned two files: a PDF of the original 1998 Production Sharing Contract (PSC) between Amoco and Sonatrach for Tigantourine; and a due diligence NARCO had undertaken for one of its clients.