On February 19, Mali successfully raised CFA33 billion (about $54.3 million) on the WAEMU securities market in an issue of 3-year fungible Treasury bonds (OAT) initially targeting CAF30 billion (about $49.3 million).
At the end of this operation, the country received CFA38.4 billion (about $63.2 million) in offers from investors, which corresponds to a coverage rate of 128%. This OAT issue is also characterized by a bullet payment at a rate of 6.1% per annum, payable in the first year.
According to the schedule of public securities issues made available by the UMOA-Titres Agency, Mali plans to raise a total of CFA567 billion (about $933 million) on the regional market this year. This is made up of CFA122 billion treasury bills BATs and CFA445 billion in OATs.
Mali has been engaged for several years in a dynamic of economic growth despite the security challenges it faces. According to the country's authorities, GDP growth rate increased to 4.7% in 2018 and 5.1% in 2019, mainly driven by the good performances in agricultural and mining sectors.
Mali is Africa's fourth-largest gold producer with 67 tons in 2018, contributing 9.1% to its GDP. According to government estimates, this share should rise to 9.4% in 2019. Gold production is expected to reach 72 tons this year, with gold reserves in operating mines estimated at nearly 800 tons.
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Mobile phones have become essential tools for work, education, payments and staying connected across...
BOAD exits BOA Bénin and Niger, sells stakes to Sonimex BOA Bénin posts growth; BOA Niger see...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Etihad to launch flights to six African cities by 2027 Routes include Lagos, Accra, Kinshasa with up to seven weekly flights Expansion targets...
Senegal moves to regulate ride-hailing platforms with new decree Reform defines VTCs as intermediaries, taxis as service providers Framework aims to...
Growth driven by high prices and strong global demand Policy push to boost local processing expected to sustain gains Ghana's export revenues from...
US considers raising refugee cap to admit more white South Africans Policy prioritizes Afrikaners, amid disputed persecution claims Move marks shift...
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...