Mali is expected to receive from the African Export and Import Bank (Afreximbank) $ 700 million (about 350 billion CFA francs) in multi-source funding to support commercial and related infrastructure projects in Mali, announced Dr. Benedict Oramah, President of the Bank.
Received in audience on Wednesday (March 28th) in Bamako by Malian President Ibrahim Boubacar Keïta, Benedict Oramah said the support will target activities aimed at increasing the country’s industrial capacity in cotton processing and the development of transport and hotel infrastructures.
It will be precisely the financing of an industrial park along the border with Burkina Faso and Côte d’Ivoire; the development of the country’s aviation sector; the construction of cross-border rail infrastructure; and financial support to the local banking industry. Key strategies aligned with Afreximbank’s strategy to promote intra-African trade and industrialization of the continent.
The Bank also intends to deploy its Emergency Food Trade Financing Facility in the country to enable Mali to cope with drought by replacing physical food reserves with readily available financing to import equivalent volumes of food in the event of a drought. ’emergency.
These new investments by the Bank, announced in this way, will reinforce the actions already undertaken in the country in the tourism and hospitality sectors, which include the financing of the Radisson Hotel and the Sheraton Hotel, which should open its doors. in May.
