Public Management

Mali and China Sign New Deals to Strengthen Strategic Partnership

Mali and China Sign New Deals to Strengthen Strategic Partnership
Friday, 06 September 2024 20:34

Mali has signed several agreements with Chinese companies, signaling the start of a new "strategic partnership" between the two nations. This was announced during the 9th Forum on China-Africa Cooperation, with Chinese President Xi Jinping meeting Malian President Assimi Goïta on September 2.

"I propose raising Sino-Malian relations to a strategic partnership to continue building on our traditional friendship and writing new chapters of solidarity and cooperation," Xi said.

One of the key agreements is a memorandum of understanding between the Malian Broadcasting and Transmission Company (SMTD) and Huawei to speed up the "Digital Mali" project. Another deal involves TBEA, a company that has been operating in Mali for five years, which plans to build a 100 MW solar power plant and a transmission line in Kénièba, Kayes region.

Mali’s Minister of Energy and Water, Bintou Camara, also mentioned ongoing talks with PowerChina for two solar power plants at Safo 1 and Safo 2, with a combined capacity of 105 MW. PowerChina previously worked on the Félou and Gouina hydroelectric dams and the expansion of President Modibo Keïta International Airport in 2017.

In addition, a military equipment contract was signed between Mali and Chinese defense company Norinco. This deal includes training, technology transfer, and military support.

Foreign Minister Abdoulaye Diop held talks with officials from the China International Development Cooperation Agency, resulting in a memorandum for building a solar power plant in Koulikoro with Beikai Zhongdian Group.

China has long been an economic and trade partner of Mali. According to the International Trade Center, the two countries exchanged over $814 million in goods in 2022, with Mali’s imports from China accounting for $802 million. While trade figures have dropped in recent years, both countries aim to expand their economic ties in the future.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
BCEAO keeps key lending rate at 3.25% and marginal rate at 5.25%. UEMOA growth reaches 6.6% in Q3; inflation falls to -1.3% Central bank...
Vodacom agreed to acquire 15% from the Kenyan Government and 5% from Vodafone, increasing its stake from 35% to 55% at KES34 per...
Third project phase to install solar systems in 51 additional villages Only 20% of rural areas electrified; full coverage needs 874 billion CFA...
I&P closes €41m for IPAE 3, targeting €70m by 2026 Fund will invest €1-5m in 15-20 SMEs across West Africa and Madagascar IPAE...
Most Read
01

Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...

Tanzania’s Mobile Money Goes Global: Vodacom Partners with Visa, Alipay, and MTN
02

Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...

Togo’s Kossi Ténou Appointed President of AMF-UMOA
03

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
04

JA Africa launches $1.5M digital safety program in four African countries Initiative to ...

Google.org, JA Africa to Train Children, Teachers and Caregivers in Digital Safety
05

Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...

Major Tech Reforms Needed for Francophone SSA to Attract More Investment, Report Says
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.