• Short Summary

    Sonimex (Societe National D'Import Export), a joint Government and private business concern in Mauritania, is to more than treble its investment capital.

  • Description

    1.
    GV PAN Ext. warehouse
    0.06


    SV President arrives
    0.16

    3.
    SV President's wife arrives
    0.22

    4.
    SV President walks towards building
    0.27

    5.
    GV PAN audience seated
    0.37

    6.
    GV Sominex president makes speech
    0.43

    7.
    LV Ditto
    0.48

    8.
    SV President shown over warehouse
    1.02

    9.
    SV PAN guests look at exhibitions
    1.09

    10.
    GV President continues tour of warehouse
    1.12

    11.
    SV Other guests at reception
    1.15



    Initials OS/1359 OS/1429



    Script is copyright Reuters Limited. All rights reserved

    Background: Sonimex (Societe National D'Import Export), a joint Government and private business concern in Mauritania, is to more than treble its investment capital. This was announced last Monday when President Ould Daddah officially opened a new warehouse and centre for Sonimex. To raise the capital from 150 million Francs CFA (about 224,000 sterling) to 500 million France CFA (about 680,000 sterling). This will be done by a share issue, 51 percent of which will be held by the Government and the rest by private national and international investors. Sonimex has the monopoly for the import and sales of rice, sugar tea and woven materials.

    SYNOPSIS: A new warehouse and administration complex for Sonimex (Societe National D'Import Export) has been opened in the Mauritanian capital of Nouakchott. President Ould Daddah and his wife were guests of honour at the ceremony.

    Sonimex has the monopoly for the import and sales of rice, sugar, tea and woven materials. The management is at present studying a scheme for the export of gum-Arabic, a product in plentiful supply. If the plans are realised it will create another two hundred jobs for female workers in Nouakchott.

    During the opening ceremony it was announced that Sonimex will more than treble its investment capital. A share issue will be floated with the Government holding 51 percent of the investment with the remainder divided among national and international investors. In this way the company's capital will be raised from 150 million France CFA (about 224,000 sterling) to 500 million France CFA (about 680,000 sterling)

  • Tags

  • Data

    Film ID:
    VLVABEITTPJH5JJ4N62EYMNI42X3X
    Media URN:
    VLVABEITTPJH5JJ4N62EYMNI42X3X
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    02/07/1971
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:15:00
    Time in/Out:
    /
    Canister:
    N/A

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