Public Management

ECOWAS closes doors to Mali, the U.S. offers assistance

ECOWAS closes doors to Mali, the U.S. offers assistance
Tuesday, 11 January 2022 17:06

Mali will benefit from $1.9 million, provided by the USAID’s West Africa Trade and Investment Hub (WATIH). The resource will be channeled through the local agribusiness Mali Shi SA and Yolélé, an African food company based in the U.S. that creates income opportunities for smallholders by connecting them with global markets for traditional climate-resilient ingredients like fonio. 

According to available information, the project could generate 13,714 jobs and increase farmers' export revenues by up to $4.5 million. This is a relief for Mali, which is currently boycotted by the regional and international community over delay in elections. Due to conflicts, farmers only have access to 5% of the country’s total cultivable land, estimated at 145.2 million hectares by the IFAD in 2020.

Agriculture is a key contributor to Mali’s GDP, but the sector began to wane with political unrest and reduced funding. Another challenge facing the country is the battle between France and Russia over the Wagner rumor and the announcement of a teachers' strike.

Despite this situation, Frantz Tavares, PPP manager for WATIH, believes that “Mali is full of opportunities to support economic growth through private investment, create long-term jobs for small-scale farmers and increase exports of products such as fonio to the United States.”

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
The International Monetary Fund (IMF) said its Executive Board has approved the immediate disbursement of $442.4 million to the Democratic Republic...
Five-year reserve-based facility signed in Abuja on December 20 Funding combines debt refinancing with new capital for upstream growth Output...
Fitch lowered Gabon’s sovereign rating to CCC- amid rising fiscal stress Payment arrears reached CFA443.6 billion by October 2025, up sharply from...
Central bank launches project for real-time transfers across banks and mobile wallets System aims to speed government payments and improve business...
Most Read
01

Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...

Egypt attracts Polish Fruitful investment in horticultural processing
02

In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...

AGRA’s Lilial Githinji “Leadership capacity remains the missing ingredient in Africa’s food systems transformation”
03

Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...

Airtel Africa Partners With SpaceX to Roll Out Starlink Direct-to-Cell
04

BOAD approves $35.7 million to upgrade Burkina Faso–Mali border road Project targets 130 km,...

Burkina Faso Secures BOAD’s $35.7 Million for Road to Mali
05

Fitch lowered Gabon’s sovereign rating to CCC- amid rising fiscal stress Payment arrears reac...

Fitch downgrades Gabon to CCC- as liquidity strains deepen
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.