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Business images of Mali

Economy of Mali

The economy of Mali is based to a large extent upon agriculture, with a mostly rural population engaged in subsistence agriculture. Mali is among the ten poorest nations of the world, is one of the 37 Heavily Indebted Poor Countries, and is a major recipient of foreign aid from many sources, including multilateral organizations (most significantly the World Bank, the African Development Bank, and Arab Funds), and bilateral programs funded by the European Union, France, the United States, Canada, the Netherlands, and Germany. Before 1991, the former Soviet Union, China and the Warsaw Pact countries had been a major source of economic and military aid.

Top Sectors in Mali

Agricultural in Mali

Agricultural activities occupy 70% of Mali's labor force and provide 42% of the GDP. Cotton and livestock make up 75%-80% of Mali's annual exports. Small-scale traditional farming dominates the agricultural sector, with subsistence farming (of cereals, primarily sorghum, pearl millet, and maize) on about 90% of the 14,000 square kilometres (1,400,000 ha; 3,500,000 acres) under cultivation. The most productive agricultural area lies along the banks of the Niger River between Bamako and Mopti and extends south to the borders of Guinea, Ivory Coast, and Burkina Faso. Average rainfall varies in this region from 500 mm (20 in) per year around Mopti to 1,400 mm (55 in) in the south near Sikasso. This area is most important for the production of cotton, rice, pearl millet, maize, vegetables, tobacco and tree crops.

fishing in Mali

The Niger River is also an important source of fish, providing food for riverside communities; the surplus—smoked, salted, and dried—is exported. Due to drought and diversion of river water for agriculture, fish production has steadily declined since the early 1980s.

Mining in Mali

Mining has long been an important aspect of the Malian economy. Gold, largest source of Malian exports, is still mined in the southern region: at the end of the 20th century Mali had the third highest gold production in Africa (after South Africa and Ghana).These goldfields, the largest of which lie in the Bambouk Mountains in western Mali (Kenieba Cercle), were a major source of wealth and trade as far back as the Ghana Empire. Salt mining in the far north, especially in the Saharan oases of Taoudenni and Taghaza have been a crucial part of the Malian economy for at least seven hundred years. Both resources were vital components of the Trans-Saharan trade, stretching back to the time of the Roman Empire.

Tourism in Mali

Tourism in Mali is not well developed. Due to issues with infrastructure, tourism had been slow to grow but had seen improvements prior to the 2002 Africa Cup of Nations. However, due to the Northern Mali conflict and threats from terrorism, all major tour operators have withdrawn services which saw a decrease in tourists from 200,000 in 2011 to 10,000 the following year. The nation has four UNESCO World Heritage Sites, including Timbuktu.


Mali - Key Economic Indicators

Exports & Imports

Mali's economic engine is still heavily reliant on gold exports, contributing over 70% of total exports in 2022. Cotton exports are expected to rebound in 2023 after a weak season, while the discovery of lithium offers potential for future diversification. Imports continue to be dominated by fuel products, machinery, and cereals.

Balance of Trade

Mali struggles with a persistent trade deficit. While the sharp decline in oil prices in 2023 helped ease the situation, a slight decrease in cotton exports and a rise in import flows following the lifting of ECOWAS sanctions led to a stabilization of the current account deficit around 6.8% of GDP in 2023.

Infrastructure Development

Infrastructure development remains a priority. Though total road length is increasing, a significant portion remains unpaved. The World Bank reports Mali has 19,000 kilometers of roads as of 2021, with ongoing projects aiming to improve this number. Investments are also underway in power generation and irrigation projects to support economic growth.

Fiscal Policy

The Malian government continues efforts to improve tax collection and manage spending. However, with a lower revenue base, achieving a balanced budget remains challenging. The budget deficit is projected to narrow to 4.8% of GDP in 2023, thanks to initiatives like the Integrated Civil Service Management System.

Monetary Policy

The Central Bank of Mali (BCEAO) works to control inflation, which is projected at around 1.0% in 2024 according to the IMF. They utilize interest rates and foreign exchange reserves management to maintain financial stability.

Trade Agreements

Membership in the Economic Community of West African States (ECOWAS) grants Mali duty-free trade with other member countries, fostering regional economic integration.

Environmental Regulations

Mali faces significant environmental challenges like desertification and deforestation. The government is developing regulations to address these issues and promote sustainable resource management.

Tax System in Mali

Capital Gains Tax: Mali has a capital gains tax of 25%, which applies to profits from the sale of assets like stocks or real estate.
Corporate Tax Rate: The current corporate tax rate in Mali is 30%.
Sales Tax: Mali's primary indirect tax is Value Added Tax (VAT) with a standard rate of 18%. A reduced rate of 5% applies to specific goods like computer equipment and solar energy products.
Property Tax: Property tax rates in Mali vary depending on the type and location of the property. Generally, they range from around 0.1% to 0.5% of the property value.
Payroll Tax: Mali does not have a separate payroll tax for social security. Social security contributions are included within a single tax called the "contribution to economic, social, and cultural development" (CASEC). Employers and employees each contribute a portion of wages to CASEC.
Tax Deductions and Credits: Mali offers some tax deductions and credits to incentivize specific activities. These might include deductions for business expenses, research and development costs, or investments in certain sectors.
Tax Compliance: Tax compliance in Mali remains a challenge. The government is working on improving tax administration and collection efficiency through initiatives like digitalization and taxpayer education.
Tax Burden: The overall tax burden in Mali is considered moderate compared to some regional neighbors. The tax-to-GDP ratio in Mali has been increasing in recent years, reaching around 19.3% in 2021 according to the OECD. This indicates the government is collecting a growing share of national income through taxes.

69 Live Notices for Mali ....

Showing 1 to 20

Supply, Installation, Training And Commissioning Of Solar Water Pumps In Mali.
country Mali
posting date30 May 2025
deadline12 Jun 2025
Supply, Installation, Training And Commissioning Of Solar Water Pumps In Mali.
country Mali
posting date29 May 2025
deadline12 Jun 2025
Administrative Manager
country Mali
posting date29 May 2025
deadline09 Jun 2025
Administrative Assistant
country Mali
posting date29 May 2025
deadline09 Jun 2025
Senior Accountant
country Mali
posting date29 May 2025
deadline09 Jun 2025
Junior Accountant
country Mali
posting date29 May 2025
deadline09 Jun 2025
Recrutement D’Un Ou Plusieurs Centres De Formation Pour La Mise En Place D’Un Contrat A Long Terme Pour La Formation L’Encadrement Et Le Suivi De Jeunes En Coupe Et Couture A Bamako.
country Mali
posting date29 May 2025
deadline18 Jun 2025
Recrutement D’Un Ou Plusieurs Centres De Formation Pour La Mise En Place D’Un Contrat A Long Terme Pour La Formation L’Encadrement Et Le Suivi De Jeunes En Comptabilite Et Gestion Simplifiee A Bamako.
country Mali
posting date29 May 2025
deadline18 Jun 2025
Unicef-Rfq-9197648 Fourniture Et Installation Des Equipements Reseaux Et Connexion Du Site-Protection
country Mali
posting date29 May 2025
deadline17 Jun 2025
Provision for "CASTING FOR IP OUTER CASING UPPER HALF & LOWER HALF (ROUGH WITHOUT MACHINING"
country Mali
posting date29 May 2025
deadline27 Jun 2025
Provision OF THE AMRTP ENERGY STORAGE SYSTEM
country Mali
posting date29 May 2025
deadline14 Jul 2025
An Accountant
country Mali
posting date28 May 2025
deadline10 Jun 2025
Provision of the Water Supply System of Kayes
country Mali
posting date28 May 2025
deadline30 Jul 2025
Extension Of The Water Supply System Of Kayes
country Mali
posting date28 May 2025
deadline30 Jul 2025
Industrial Chemist
country Mali
posting date27 May 2025
deadline15 Jun 2025
Acquisition Of Meters For Domiciliary Connection And Production/Distribution Works
country Mali
posting date27 May 2025
deadline30 Jun 2025
Demande De Devis Pour La Mise En Place D’Un Accord À Long Terme Pour La Fourniture Et Livraison D’Articles De Coiffure D’Équipements Et Produits
country Mali
posting date23 May 2025
deadline05 Jun 2025
Communication Expert Technical Advisor
country Mali
posting date23 May 2025
deadline06 Jun 2025
Action Against the Mali Faim seeks to recruit a consultant or group of consultants for a SQUEAC (Semi-Quantitative Evaluation of Access and Coverage) in Gao, Bourem, Ménaka and Tombouctou.
country Mali
posting date23 May 2025
deadline28 May 2025
Invitation À Soumissionner Pour La Mise En Place D’Un Ou Plusieurs Accords À Long Terme Pour La Fourniture Et Livraison D’Articles De Commerce Divers En Deux Lots
country Mali
posting date23 May 2025
deadline19 Jun 2025