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Mali plans infrastructure projects from $800m mining fund
['Staff Writer']
Miningmx
MALI could leverage revenues from its overhauled mining sector to raise up to 500 billion CFA francs ($883.1 million) for energy, water and transport projects, said Reuters citing the comments of the country’s finance minister Alousseni Sanou.
Officials said in December that a government audit had uncovered 761 billion CFA francs in alleged arrears owed by mining firms.
Speaking on state television at the weekend, after the inaugural meeting of the Energy, Water and Transport Infrastructure Development Fund, Sanou said the fund had raised 109.14 billion CFA francs between January 2025 and June 2026.
Sanou said it generates at least 50 billion CFA francs a year and could underpin far larger borrowing.
Infrastructure Minister Dembele Madina Sissoko said proposed projects include railways, roads, vessels and schemes tied to state carrier Mali Airlines.