22 Hrs
Source:
الاقتصادية
Mali to fund infrastructure with mineral revenues
The Malian government plans to invest the additional revenues generated from mining sector reforms to finance infrastructure projects worth up to $883 million, through establishing a fund based on contributions from mining companies. Over 109 billion CFA francs have been collected until mid-2026. Mining fees have been increased, and the country's share has been raised, leading to disagreements with companies, notably Canadian firm Barrick. The investment aims to develop the energy, water, and transportation sectors in the country. This step comes as part of efforts by African countries to boost revenues from their natural resources and turn them into a driving force for national development.
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