Telecom

Mali: Telecom regulator accused of financial irregularities costing the treasury over CFA4bln

Mali: Telecom regulator accused of financial irregularities costing the treasury over CFA4bln
Tuesday, 10 March 2020 15:07

In Mali, the telecommunications and postal regulatory authority (AMRTP) is accused of financial irregularities that have cost the Treasury a total of CFA4,525,370,963 between 2016 and 2018. This information was reported by the Office of the Auditor General (BVG) of Mali.

In a report on the compliance of collection of royalties and other income due to the State and the execution of agreements and contracts signed between the State and telecom operators, BVG stated that the financial irregularities resulted from the AMRTP's failure to comply with the regulations which stipulate “that it controls, by itself or by third parties it mandates, the technical, accounting and financial data provided by the incumbent.”

This administrative fault then led to several financial breaches, including the non-application of provisions relating to the monitoring and recovery of customer receivables; the lack of regular monitoring of the recovery of receivables from operators holding frequency assignment and numbering resource authorizations; and the non-effectiveness of regular monitoring of term deposit operations.

Of the missing amount recorded by BVG, CAF1,816,684,716 has been subject to payment moratorium while CFA1,882,750,000 is subject to litigation proceedings.

On the same topic
Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connectivity starting in 2026. The agreement aims to extend...
Airtel Zambia launched a $107 million nationwide network expansion program to improve coverage, reliability and customer experience. The plan...
Morocco secured its sixth international connection via the Medusa submarine cable, with operations scheduled for 2026. Inwi contracted a 1,416 km...
WIOCC secured $65 million in additional financing to expand digital infrastructure across Africa. Proparco contributed a $15 million loan...
Most Read
01

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
02

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
03

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
04

Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...

$138 Million Standard Bank Facility to Power Safaricom's Ethiopia Business Expansion
05

BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. ...

BNP Paribas Enters Exclusive Talks to Sell BMCI Stake to Holmarcom
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.