Mali Business Directory & List of Companies
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Capital City and 5 Largest Cities in Mali
Bamako is the capital and largest city in Mali. It serves as the country's political, administrative, and cultural center.
- Sikasso is the second-largest city in Mali and is located in the southern part of the country. It is known for its agricultural activities.
- Ségou is the third-largest city in Mali and is situated on the Niger River. It has historical significance and is known for its cultural heritage.
- Kayes is located in western Mali and is the fourth-largest city in the country. It is an important transportation hub.
- Mopti is the fifth-largest city in Mali and is located in central Mali, near the confluence of the Niger and Bani rivers. It is often referred to as the "Venice of Mali" due to its location on the water.
Mali Economy in Figures
- Gross Domestic Product (GDP): In 2020, Mali's GDP was approximately 16.8 billion USD, with a per capita GDP of around 890 USD. The economy has historically been based on agriculture, mining, and livestock, with subsistence farming being a significant part of the economy.
- Agriculture: Agriculture plays a crucial role in Mali's economy, employing a large portion of the population. Key agricultural products include millet, sorghum, rice, cotton, and livestock. Mali is one of the largest cotton producers in Africa.
- Mining: Mali is known for its significant mineral resources, including gold and salt. Gold production is a major contributor to the country's economy, with several large gold mines in operation. Mali is one of Africa's leading gold producers.
- Foreign Aid: Mali receives foreign aid and assistance from various international organizations and countries to support development projects, address security concerns, and improve healthcare and education.
- Challenges: Mali faces significant economic challenges, including poverty, political instability, and security issues. These challenges have had adverse effects on economic development and investment.
- Currency: The currency used in Mali is the West African CFA franc (XOF), which is also used by several other West African countries.
- Trade: Mali's main trading partners include France, China, and neighboring African countries. Exports primarily consist of agricultural products, gold, and other minerals.
- Infrastructure: Improving infrastructure, such as roads, electricity, and telecommunications, is a priority for Mali to enhance economic development and trade.
Ten Top Companies in Mali
- Société des Télécommunications du Mali (SOTELMA): The state-owned telecommunications company in Mali, providing telephone and internet services.
- Orange Mali: A subsidiary of the multinational telecommunications corporation Orange, Orange Mali is one of the major players in the telecommunications sector.
- Ecobank Mali: A branch of Ecobank, one of the leading banking groups in Africa, providing a range of financial services.
- Société Nationale d'Electricité du Mali (EDM): The state-owned electricity company responsible for power generation and distribution in Mali.
- Compagnie Malienne pour le Développement des Textiles (CMDT): A state-owned enterprise involved in the cotton and textile industry, promoting cotton production and processing.
- Randgold Resources: While not a Malian company, Randgold Resources (now part of Barrick Gold Corporation) was a significant player in the gold mining sector in Mali.
- Newmont Corporation: Another multinational mining company with operations in Mali, particularly in gold mining.
- Sadiola Gold Mine: A joint venture between AngloGold Ashanti and IAMGOLD, operating the Sadiola Gold Mine in Mali.
- Air Mali: The national airline of Mali, offering domestic and international flights.
- Société Nationale de Gestion des Stocks de Sécurité Alimentaire (SONAGESS): A government agency responsible for food security and managing strategic food reserves.
Ten Top Banks in Mali
Banque de l'Habitat du Mali (BHM): A Malian bank that provides a range of banking and financial services.
- Société Générale de Banques au Mali (SGBM): A subsidiary of the French multinational bank Société Générale, offering banking services in Mali.
- Ecobank Mali: Part of the Ecobank Group, which is a major player in the West African banking sector.
- Banque Internationale pour le Commerce et l'Industrie du Mali (BICIM): A subsidiary of the French banking group BNP Paribas, offering banking services in Mali.
- Banque de l'Union Malienne (BUM): A Malian bank that provides various banking and financial products.
- Banque Malienne de l'Afrique de l'Ouest (BMCE): A bank operating in Mali, serving both individual and corporate clients.
- Banque Atlantique Mali: Part of the Banque Centrale Populaire (BCP) Group, it provides banking services in Mali.
- Banque Nationale de Développement Agricole (BNDA): A government-owned bank that focuses on financing agricultural and rural development in Mali.
- Banque de Développement du Mali (BDM): A Malian bank that offers banking and financial services.
- Banque d'Investissement et de Développement (BID-Mali): A financial institution providing investment and development banking services in Mali.