The Finance and Economy Minister Alousseny Sanou and the head of the investment promotion agency Musa Ismaila Toure invited Russian businesses to invest in the promising sectors that includes agriculture, mining, energy and telecom, among others.
He made the invitation today presenting about his country’s investment potential at the second Russia – Africa economic and humanitarian forum held in St. Petersburg, Russia. The promising sectors include:
Agriculture sector: Mali has advanced experience in cotton cultivation, which can be applied to other crops as well. The country has 45 hectares of irrigated arable land and the second-largest livestock complex in the region.
Mining industry: Mali is the third country on the continent in terms of gold mining. There are also deposits of lithium, uranium, phosphates, and other valuable minerals in the country.
Energy: Mali needs to develop infrastructure for delivering energy to areas where the food industry is growing.
Telecommunications and transportation: Ensuring proper connectivity between production and consumption zones of agricultural products is necessary.
MaliMali guarantees the security of investments at both the legal and physical levels. The country has implemented new investment and customs codes, developed an extensive system of tax incentives, and has courts to resolve disputes.