Africa > West Africa > Mali > Moroccan and British companies to invest in Mali

Mali: Moroccan and British companies to invest in Mali

2013/07/26

A group of mining and oil companies, and Moroccan and British businessmen are considering investing additional than 52.5 billion CFA in the health and transport sectors of Mali.

This is contained in a protocol signed on Wednesday in Bamako by the Malian Minister of Mines, Amadou Baba Sy and the Managing Director of the International Centre for Strategic Affairs (ICSA), Lacen Jakhouk.

Sources said a clinic, a pharmaceutical factory to produce drugs, such as malaria drugs, and an inland port would be established. Mali is a landlocked country.

The result expected is the creation of 400 directs jobs.

The Malian Ministry of Mines announced that the country would grant licences for the prospecting and exploitation of minerals and oil to the companies that were signatories of the agreement.

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