Africa > West Africa > Mali > Banking / Investment

Banking / Investment in Mali

  • Africa's last international banks make their stand

    BOTSWANA, 2017/10/31 On June 1, 2017, Barclays sold a 33.7% stake in its African business, Barclays Africa Group Limited (BAGL). The transaction reduced the UK lender’s stake in its African offshoot to 14.9% and permitted, in accounting terms, the deconsolidation of BAGL from its parent. Additional symbolically, it brought to an end Barclays’ operations on the continent next additional than 100 years. The rise of Africa’s home-grown financial players has led most international lenders to withdraw from the continent. However, Société Générale and Standard Chartered are not only staying put but marking territory for digital expansion. James King reports.
  • Why governments need to support the financial sector to meet the unserved needs of smallholder farmers

    BOTSWANA, 2017/09/09 This year, under the leadership of H.E. President Alassane Ouattara and the theme of “Accelerating Africa’s Path to Prosperity: Growing Inclusive Economies and Jobs through Agriculture”, the African Green Revolution Forum (AGRF) 2017 is shaping up as a premier platform to showcase ongoing evolution in Africa’s agricultural transformation schedule and to scale up the political, policy, and financial commitments needed to achieve the Malabo Declaration and the world development schedule around the Sustainable Development Goals (SDGs). Following the launch of the landmark annual Africa Agriculture Status Statement (ASSR) at the AGRF taking place in Cote d’Ivoire from 4-8 September 2017, the major conclusion centres around the power of entrepreneurs and the free market in driving Africa’s economic increase from food production. This is owing to the fact that a lot of businesses are waking up to opportunities of a rapidly growing food market in Africa that may be worth additional than $1 trillion each year by 2030 to substitute imports with high price food made in Africa.
  • We live in a region with strong growth

    BENIN, 2016/08/18 Turnover on West Africa’s BRVM bourse additional than doubled over the completed year, reaching 209.26 billion CFA francs ($362.2 million) in late May. “We benefited from a favorable context. We live in a region with strong increase,” Edoh Kossi Amenounve, the manager of the stock exchange told reporters on Tuesday.
  • ECOWAS Bank to focus on economic growth

    BENIN, 2015/07/28 The ECOWAS Bank for Investment and Improvment(EBID) says it would continue to focus efforts on providing support to private and public sector initiatives to grow the economies and create jobs in the sub-region. Mr Bashir Ifo, EBID President, said everything would be done to lift the people out of poverty and transform their economic situation. Evidence of this, he said could be seen from the bank’s assistance in areas of infrastructure, agriculture and private sector development.
  • Canada gives Mali 29 billion CFA francs for 4 projects

    CANADA, 2014/08/30 Canada and Mali have signed four Memorandums of Considerate totaling about 29 billion FCFA to finance four projects to promote socio-economic development in rural areas of the West African country. Official sources said the MOUs were signed on Wednesday by the Malian Minister of Foreign Affairs, African Integration and International Cooperation, Mr. Abdoulaye Diop and the Chargé d'Affaires of the Embassy of Canada in Mali, Mr Marc-Andre Fredette. The initial project entitled Support to Rural Inclusive Financing in Mali (AFIRMA) is part of a sectoral and inclusive approach to the development of microfinance.
  • The World Bank and the government of Mali signed six funding agreements

    MALI, 2013/12/26 The World Bank and the government of Mali on Tuesday signed six funding agreements, to the tune of 121 billion FCFA, that are meant to improve water supply to Bamako, boost the economy, improve rural electricity supply and manage natural resources, a PANA correspondent learnt here. The agreements, signed by the Malian Minister of Economy and Finance, Mrs. Bouaré Fily Sissoko, and the director of operations of the World Bank for Mali, Ousmane Diagana, are made up of four grants and two credit facilities granted by the International Association for Improvment(IAD) inclunding those from other agencies of the World Bank.
  • Banks to reopen in northern Mali

    MALI, 2013/07/20 Banks that shut down in northern Mali next they were ransacked by Islamists who seized control of large swathes of the West African country last year are to reopen any minute at this time, according to a communique from the council of ministers. It said managers of Malian banks had approved the reopening of the Agency of central bank of West African states (BCEAO) in Mopti, 670km north of Bamako, and the branches of national banks in Gao, Timbuktu and Kidal.