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Mali

Population -  19.66 million, with a strategic position in the heart of West Africa

 member of Ecowas (economic community of west African states), a single trading bloc made up of 407 million consumers.

 

As a member of ECOWAS, Mali benefits from numerous international Economic Partnership Agreements (EPAs), the most important of which is ECOWAS-EU EPA, giving unrestricted access to the EU.

Mineral Resources

  • Mali is recognized for its great mineral wealth including  gold, iron, bauxite, uranium , as well as other resources. Mali is 3rd largest producer of Gold in Africa with 50 tonnes/year

  • Gold - According to official figures, gold alone brought about 1,388,356 billion FCFA in 2018, this is more than ⅔ of the country budget and nearly 75% of export products. The upward trend in gold income should be maintained, the government estimates that the known reserves and not yet exploited reached about 800 tonnes.​

  • Iron reserves - Mali has significant iron reserves, about 2 million tonnes​

  • Bauxite reserves - Mali has significant bauxite reserves, about 1,2 million tonnes​

  • Uranium reserves - mali has about 5 thousands tonnes estimated for uranium reserves​

  • Mali has also phosphates, copper, lead, zinc, lithium, limestone etc​

  • Oil and Gas - Initial research reveals five high potential basins. Legislation has been revised to encourage exploitation for oil and gas

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Experience & expertise

Two consultants based in Bamako with combined commercial experience of 20 years

Understanding on local economy, business activities and culture gained through education and involvement in Mining, Export & Import, Supply, Real Estate (including relocation and estate services), Business advice, Local partner matching 

Knowledge of Bambara, Manika, Songhai languages in addition to French, English and Russian at Business Competency level

Established relationships with senior government and business leaders together with in-depth understanding of economic activities and the regulatory environment.

Opportunities

INVEST in Agriculture: 39.5% of GDP, Mali is 2nd cotton producer in Africa with more than 500,000 tonnes/year 

Livestock: 25% of GDP of the primary sector and 11% of the national GDP. Mali is the largest country of livestock of ECOWAS

Energy: Total energy efficiency deficit of 22,600 GWh expected by 2030. Demands are in all levels (governmental, industrial and domestic)

Transport, supply, real estate, services etc

ENHANCING LOCAL INFRASTRUCTURE -  to support local community (Social Impact)

RESTORING/REHABILITATING mining sites for communities (Social Impact)

INDEPENDENT REPORT assessing local community relations and benefits (Social Impact)