Business in Mali, general information



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The CFA franc (XOF and XAF), fixed parity with the Euro (1Euros = 655,957 FCFA), common to 14 countries of French-speaking Africa (Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal, Togo, Cameroon, Central African Republic, the Congo Republic, Gabon, equatorial Guinea and Chad).


Institutional and administrative organization

Mali is a Republic, with in its head a President of Republic elected in a universal suffrage for five years. The Parliament is unicameral with a National Assembly elected in the universal suffrage for the same duration. A Constitutional court and an economic, social and cultural Council were set up in 1994. Several political party are divided the political and parliamentary environment.

The territory is organized in administrative districts:

  • 8 regions and the district of Bamako: Gao, Kayes, Kidal, Koulikoro, Mopti, Segou, Sikasso, Timbuktu.
  • Circles (49) placed under the authority of circle major.
  • Approximately 703 municipalities.

Language

The official language is French coexisting with several national languages: the mandingue (subdivided in bambara, malinké, dioula) used by two thirds of the population and used in almost all the country, the tamacheq in the North, the poular for the Fulani, the sénoufo, the bobo, the songhaï, etc.


Religion

Islam is practiced by approximately 90 % of the population. The animists, the Catholics, the Protestants come then.

Area 1 240 192 km²
Capitale Bamako
Population 11,9 millions d'habitants
GDP (gross domestic product) per capita 323 600 F CFA
GDP growth rate in 2008 +4,7 %
GDP growth for 2009
(Forecasts)
+5,1 %
Inflation en 2008 +9,2 %
UEMOA source: April, 2009

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