The Bamako International Conference Center (CICB) served as the setting for the first Burkina Economic Days in Mali. Under the banner of the Confederation of Sahel States (AES), this meeting aims to lay the foundations for stronger economic integration between the two nations and, more broadly, between the members of the AES.
This first edition was chaired by the Malian Prime Minister, Major General Abdoulaye Maiga.
The official opening brought together high-ranking figures, including Ms. Julienne Dembele/Sanon, Ambassador Extraordinary and Plenipotentiary of Burkina Faso to Mali, as well as ministers from both countries. The chosen theme, centered on economic integration and wealth creation, reflects the desire of the region’s leaders to
transform political and economic challenges into growth opportunities.
According to Ms. Dembele/Sanon, “these days are not limited to trade, but constitute a showcase of Burkinabe and Malian know-how.”
The Malian Prime Minister hailed this initiative, stressing that it is in line with the vision of the AES heads of state to strengthen economic defense while consolidating strategic partnerships.
Trade relations between Burkina and Mali are characterized by strong interdependence. According to the latest available figures, in 2022, bilateral trade reached significant volumes.
In Burkina, there were exports of US$4.55 billion, with flagship products such as gold and cotton. For Mali, it is indicated that exports were US$3.91 billion, mainly in the mining and agricultural sectors.
However, the joint withdrawal of the two countries from the Economic Community of West African States (ECOWAS), which will take effect in January 2025, could lead to restrictions on the free movement of goods
and people.
Political tensions could also slow down some regional investments. Nevertheless, the ECOWAS Bank for Investment and Development (EBID) continues to maintain financial relations with these Sahelian nations.
Despite these challenges, the economic outlook remains promising.
According to projections for 2025, Burkina Faso could become the fourth largest economy in the CFA zone with a GDP of US$21.9 billion, slightly surpassing Mali, estimated at US$21.6 billion.
The Economic Days, which will continue until December 4, offer a varied program. Trade exhibitions are planned to highlight Burkinabe and Malian companies in key sectors such as agriculture, industry and new technologies. There will also be B2B meetings creating opportunities for cross-border investments and partnerships. In
addition to these activities, there will be cultural initiatives aimed at promoting intercultural dialogue to strengthen the common regional identity.
According to the organisers, this event is part of a logic of collective economic defense. The consolidation of ties between Mali and Burkina is seen as a springboard for regional integration and resilience in the face of global economic challenges.
Prospects for the future
The leaders of the two countries hope that this initiative will be the starting point for a collaborative economic model for the AES. The ultimate goal is to create a common economic space, where the wealth generated by trade and investment will be redistributed to improve the living conditions of the populations.
Prime Minister Abdoulaye Maïga urged participants to seize this historic opportunity to chart a new course. “Only together can we transform our region into a zone of shared prosperity,” he said, calling for concrete commitments to perpetuate this emerging cooperation.
MD/ac/Sf/fss/as/APA