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Located in the heart of West Africa, Mali is a veritable cultural melting pot with a population of 18 million, half of whom are under 15 years old. With its dynamic and determined youth and its rich natural resources, Mali has always been very influential in the Economic Community of West African States (ECOWAS). ECOWAS is a common market of 300 million consumers that is projected to increase to 600 million by 2050. Now that it has restored its strong growth, Mali has the potential to meet the needs of this market in terms of energy, agriculture, and livestock, mining and tourism
AGRIBUSINESS
Agriculture accounts for 39.5% of Mali’s GDP. Mali is the second largest producer of cotton in Africa at 500,000 tons per year. Modernising this sector means transforming comparative advantages (land, climate, water, and labour) into the engine of the economy.
Mali has the best irrigation potential in the region: Nearly 2 million hectare of irrigable land yet to be equipped. Two (02) largest rivers in west Africa (Niger and Senegal rivers).
ENERGY
By 2030, Mali will have a total deficit in energy efficiency of 22,600 GWh. However, solar, hydro and biomass are all-natural resources that could be developed to achieve energy independence over the same period.
LIVESTOCK
Mali is the country in the West African Economic and Monetary Union with the most livestock. Its unique traditional expertise is recognized and the quality of its meat is admired throughout the sub-region.
INFRASTRUCTURE
Infrastructure development will guarantee inclusive growth that benefits everyone. There is significant need for irrigation and many forms of transportation (air transportation, railways, road transportation, and river transportation).
MINING
The mining sector is one the main pillars of Mali’s economy. In 2014, it contributed 8% of GDP and over 10% in 2015. Gold is the main mining product, with an annual average of 50 tons. Furthermore there are many reserves of : Limestones, iron, bauxite, oil, uranium, lithium and phosphate.
In addition to actual mining operations, the sector offers a variety of opportunities:
- setting up building material manufacturing plants: cement, concret reinforcement bars, lime, plaster, tiles, and paints, etc;
- Establishing gold refineries and oil refineries;
- Services and supplies to local mining companies.
TOURISM
Mali has numerous business tourism assets. The first is certainly its strategic position in West Africa, sine Bamako is just an hour and a half flight from all the capital cities of West Africa. The country has a large and rich tangible and intangible cultural and natural heritage with recognized universal values. This is why many are listed by UNESCO as World Heritage sites: Timbuktu (1998), Old city of Djenne and its mosque (1988), Bandiagara Escarpment in Dogon country ( 1989), Tomb of Askia in Gao (2004).