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Investments in Mali have been slow but still there has been a sustained effort on the part of the Government to make investments in the retail and the small scale industries. After Mali became independent in 1961 there was a blockage in private and foreign investment in Mali. But the picture slowly changed and in 1968 the country invited foreign investments for its economic development.
The new investment code in Mali was started in 1991. It invited the investment policies of the foreign countries for its development. The foreign and the national investors in Mali were treated at par. Foreign companies in Mali were given exemption from all taxes and fees. But it was made mandatory for the investors to sell 20% of their goods in the national market.
In 1999 the foreign direct investment increased to $51.3 million and dramatically to $104.6 million in 2001. The foreign investors in Mali are required to maintain a production sheet. Monthly stock statements are also required to be maintained by the companies. The companies are allowed to carry out production without hampering the environment. Certain formalities have to be fulfilled by the companies before they make any investment in Mali. The companies have to submit a stamped application to the National Center. The application form has to be addressed to the Minister of Industry.
Foreign investments in Mali have helped in improving its economic growth.
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