Market Research In Mali

Mali Profile:

  • Mali, officially the Republic of Mali is a landlocked country in West Africa and has been divided into ten regions and the District of Bamako.
  • Mali’s prominent natural resources include gold, being the third largest producer of gold in the African continent and salt.
  • Mali’s health and development indicators rank among the worst in the world.
  • The country faces risks that exist in the form of renewed political turmoil and Corruption is endemic.
  • The country’s 2017 budget calls for a more than 10% increase in spending, much of which will be devoted to infrastructure and agriculture.

Mali Economy:

  • Mali is among the 25 poorest countries in the world, depends on gold mining and agricultural exports for revenue and also dependent on foreign aid.
  • The country’s fiscal status fluctuates with gold and agricultural commodity prices and the harvest; cotton and gold exports make up around 80% of export earnings.
  • Industrial activity is concentrated on processing farm commodities. The country is developing its iron ore extraction industry to diversify foreign exchange earnings away from gold.
  • About 10% of the population is nomadic and about 80% of the labor force is engaged in farming and fishing.
  • The economy has bounced back with GDP growth above 5% in 2014-16, although physical insecurity, high population growth, corruption, weak infrastructure, and low levels of human capital continue to constrain economic development

Mali Facts:

  • Population: 17.9 million
  • Capital: Bamako
  • Largest city: Bamako
  • Area: 1,240,192 sq km
  • Major language: French (official), Bambara 46.3%, Peul/Foulfoulbe 9.4%, Dogon 7.2%, Maraka/Soninke 6.4%, Malinke 5.6%, Sonrhai/Djerma 5.6%, Minianka 4.3%, Tamacheq 3.5%, Senoufo 2.6%, Bobo 2.1%
  • Major religion: Muslim 94.8%, Christian 2.4%, Animist 2%
  • Life expectancy: 58.2 years (Male), 62.5 years (Female)
  • Monetary unit: 1 Franc CFA(CFA Fr, XOF) = 100 Centimes
  • Main exports: Cotton, gold, livestock
  • GNI per Capita: $2,060

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