Situated in West Africa, Mali covers an area of 1,240,190 km2. The landlocked nation shares its borders with Algeria, Burkina Faso, Cote d’Ivoire, Guinea, Mauritania, Niger and Senegal. Mali’s main resources are gold and phosphates. Bamako is the nation’s capital and economic epicenter, a city with 2 million inhabitants. Mali has a population of 17.9 million, of which 39.9% reside in urban areas.
Economic growth in Mali is estimated to be 5.3% according to the World Bank. Mali is the:
- First cotton producer in Africa
- Third largest producer of gold in Africa
- Biomass is the largest source of energy in Mali providing 78% of all energy consumed
- Mali’s key industry is agriculture
- 80% of Mali’s population is involved in farming, livestock, or fishing
In the past year, Agriculture was the largest sector of the Malian economy in terms of value added, accounting for 41%; succeeded by the Services sector contributing 40.4%; with the Industry sector providing 18.6% of total added value. Between 2012 and 2016 the Agriculture recorded an average growth of 2.3%. If you want to know more about investing in Mali and the agriculture sector, click the link below: