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| <meta NAME="GENERATOR" CONTENT="Microsoft FrontPage 3.0"> | |
| <title>Economy & Investment</title> | |
| <meta name="Microsoft Border" content="b, default"></head> | |
| <body TEXT="#000000" BGCOLOR="#FFFFFF" LINK="#0000EE" VLINK="#551A8B" ALINK="#FF0000" BACKGROUND="IMAGES/background_en.gif" NOSAVE><!--msnavigation--><table border="0" cellpadding="0" cellspacing="0" width="100%"><tr><!--msnavigation--><td valign="top"> | |
| <p align="center"><b><font SIZE="+4">Economy & Investment</font></b> <br> | |
| </p> | |
| <div align="right"> | |
| <table COLS="2" WIDTH="85%" NOSAVE> | |
| <tr NOSAVE> | |
| <td NOSAVE>Social Indicators (1994)</td> | |
| <td>Trade </td> | |
| </tr> | |
| <tr> | |
| <td>Government</td> | |
| <td>Labor Regulations</td> | |
| </tr> | |
| <tr> | |
| <td>Economic Data</td> | |
| <td>Mining Potentials of Various regions</td> | |
| </tr> | |
| <tr> | |
| <td>Opportunities for Oil Prospecting</td> | |
| <td>All About Mining in Mali</td> | |
| </tr> | |
| <tr> | |
| <td><a href="investment-law.htm">Investment Law in Mali</a></td> | |
| <td></td> | |
| </tr> | |
| </table> | |
| </div> | |
| <p> </p> | |
| <div align="right"> | |
| <table BORDER="0" CELLSPACING="0" CELLPADDING="0" COLS="1" WIDTH="85%" NOSAVE> | |
| <tr NOSAVE> | |
| <td WIDTH="65%" NOSAVE><b><u>Major trade partners (1994)</u></b> <p>Cote | |
| d'Ivoire.............................................28.8% <br> | |
| France........................................................22.3% <br> | |
| Senegal......................................................15% <br> | |
| Belgium.....................................................9.5% <br> | |
| Holland......................................................4.4% <br> | |
| Spain..........................................................3.3% <br> | |
| Great Britain.............................................1.2% <br> | |
| USA...........................................................1.05% <br> | |
| Germany....................................................1.26% </p> | |
| <p><i>Source: BCEAO</i> <br> | |
| </p> | |
| <p><strong><u>Economic Data</u><br> | |
| </strong><font SIZE="2">T</font><font size="3">here is a serviced industrial zone in | |
| Bamako</font><font SIZE="2"><br> | |
| </font><font size="3"><strong>Gold</strong> estimated reserves<b>: </b>800 tonnes <br> | |
| <b>Phosphate:</b> estimated reserves<b> </b>of 20 millions tonnes - (Tilemsi)<br> | |
| <b>Limestone: </b>40 millions tonnes - (Bafoulabe, Hombori) <br> | |
| <b>Rock salt- </b>53 millions tonnes (Taoudenit) </font></p> | |
| <font size="3"><b><p>Bauxite: </b>1,2 billion tonnes (Kayes, west of Bamako) <br> | |
| <b>Iron: </b>2 billions of tonnes (Kayes) </p> | |
| <b><p>Manganese: </b>10 millions of tonnes (Ansongo) <br> | |
| <b>Bituminous- shale: </b>10<b> </b>billions of tonnes <br> | |
| <b>Marble: </b>60 millions of tonnes </p> | |
| <p><strong>Oil</strong> <b>shale: </b>Found in the Gao region <br> | |
| <b>Crypse: </b>405 000 of tonnes </p> | |
| <p>Mali has 40 millions hectares of tillable lands - The main productions are cereals | |
| (2,300,000 tonnes in 1997). Fruits and vegetables (mangoes, French beans, tomatoes, | |
| shallot, gumbo, etc.) industrial farming cotton (560,000 tonnes in 1997), peanut, tobacco, | |
| tea and picking of fruits. </p> | |
| <b><p>Cattle breeding</b><br> | |
| In 1997, cattle, sheep and goats number rose to 28 millions, Horse, donkeys, camels and | |
| pigs rose to 1million </font></p> | |
| <p><strong>Poultry Farming</strong><big> </big><br> | |
| <font size="3">Fowl Livestock numbers estimated to be 22 millions<b> </b>in 1995. </p> | |
| <p><strong>Fishing</strong><br> | |
| Mali exports fish to Ghana and Ivory Coast. Fishing employs 300,000 people in Mali today - | |
| in 1995 150,000 tonnes of fish were caught. <br> | |
| </p> | |
| <p><strong>Bee Keeping</strong><br> | |
| Mali produces tabout 4,000 tonnes of honey and 200 tonnes of beeswax per year. </p> | |
| <b><p>Processing industry </b><br> | |
| In 1993 the number of industrial enterprises reached 200 and the number of employments was | |
| 12,515. </p> | |
| </font><font SIZE="2"><p></font><font size="3">Mali has started benefiting from its new | |
| political and economic reforms. The orientation system set up as well as the | |
| political stability have made it possible to generate a significant flow of direct foreign | |
| investments. They grew to 689 millions CFA F in 1995, 4,9 milliards CFA F in 1996 and 6 | |
| milliards CFA F in 1997 whithin non- mining sectors. </font></p> | |
| <p><b><u>Monetary Policy</u></b> <br> | |
| Mali is a full member of the Economic and Monetary Union of West Africa (UEMOA). As in all | |
| states of the Union, the Franc CFA is the currency in Mali. The goals of UEMOA are: <ul> | |
| <li>Stimulate economic growth as well as protecting the currency</li> | |
| <li>Increase the participation of West Africa Central Banque in financing development | |
| programs in UEMOA states</li> | |
| <li>Contribute to the africanization of economies, and encourage the emergence of small and | |
| mid-size national enterprises.</li> | |
| </ul> | |
| <p> </td> | |
| </tr> | |
| </table> | |
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