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    The Malian economy is doing well: The ADB forecasts growth of 5.3% in 2025

    By: The Editorial Team

    The Malian economy is showing encouraging signs of growth and resilience. In 2023, Mali recorded economic growth of 4.3%, up from 3.7% in 2022. This performance is attributed to several factors, including a significant increase in cotton and gold production, as well as a recovery in investment and household consumption.
    However, challenges remain, particularly due to jihadist attacks and climate shocks. The African Development Bank (AfDB) forecasts continued growth for the coming years, with growth rates of 4.7% in 2024 and 5.3% in 2025.

    The Malian state recovers Sotelma, once the owner of Moroccans

    The Malian state becomes the majority shareholder and pockets a jackpot of 160 billion FCFA.
    New majority shareholder sees good prospects for workers, with new shareholders pact
    After seven months of negotiations with the Moroccan side, the Malian government approved, yesterday in the Council of Ministers, the draft decree approving the specifications to grant Sotelma-SA an authorization to install and operate fixed and 2nd, 3rd and 4th generation mobiles. telecommunications networks and services, data transmission services and international telecommunications services in Mali.

    According to the Minister of Communication, Digital Economy and Modernization of Administration, Alhamdou Ag Iliyène, this work was carried out within the framework of a commission that he himself chaired. This commission, created on the instructions of the President of the Transition, Army General Assimi Goïta, included the ministers responsible for Justice, Finance, State Domains, Industry and Commerce, as well as the Secretary . general of the presidency, with technical support. the support of the President of the Malian Telecommunications/ICT and Post Regulatory Authority (AMRTP).

    The Minister responsible for the Digital Economy specified that the discussions mainly focused on the situation of the company at the time of the start of the negotiations. “This allowed us to evaluate the specifications and previous shareholder agreements, while drawing inspiration from the difficulties encountered and our future ambitions for the company. This led us to propose new specifications, a new shareholders’ pact. And all this was recorded in the texts adopted today,” he explained. Evoking the advantages of this renewal, Minister Ag Iliyène revealed that the permit was sold for the significant sum of 160 billion CFA francs, which according to him is rare in the sub-region.

    He added that the State will become the majority shareholder with 56% of the shares, unlike the previous situation where the State was a minority shareholder. “The Malian state will not pay a franc for this 56%, because the negotiations allowed it,” he said. He also stressed that they will gradually improve the working conditions of staff, as well as investment and training of employees. Alhamdou Ag Iliyène thanked the Moroccan side for this partnership.

    “We have come a long way together, which has allowed us today to achieve renewal, thanks to the understanding of both parties,” he rejoiced. The minister also congratulated all the executives who worked alongside him to achieve this result. He expressed his gratitude to the President of the Transition, Army General Assimi Goïta, for his personal involvement which made this success possible.

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