Mali has mobilized 109.14 billion CFA francs between January 2025 and June 2026 through its Infrastructure Financing Fund for Energy, Water and Transport to support national infrastructure projects.
Announced during the fund’s inaugural Steering Committee meeting on July 31 in Bamako, chaired by Economy and Finance Minister Alousséni Sanou, government officials clarified that this figure represents revenues collected directly from mining companies and industrial quarry operators rather than disbursed funds or completed works.
Established under Article 98 of the 2023 Mining Code, the fund is supported by a 1 percent levy on the quarterly turnover of mining permit holders alongside 10 percent of the ad valorem royalty during the first five years of production. From the sixth year onward, the turnover levy rises to 2.5 percent, with all revenues deposited into a dedicated public treasury account overseen by the Ministry of Finance. Minister Sanou indicated that the mechanism is expected to generate at least 50 billion CFA francs annually and could potentially leverage up to 500 billion CFA francs in overall project financing.
Proposed priority investments include modernizing railways and roads, acquiring commercial vessels, developing the state carrier Mali Airlines SA, and expanding energy and water utility capacity. This financial mobilization forms part of broader 2023 mining reforms intended to maximize local economic returns from natural resources, operating independently of the 761 billion CFA francs in back taxes recently recovered by the state following industry audits. As industrial gold output experienced a decline to 42.2 tonnes in 2025 with a modest recovery to 43.2 tonnes projected for 2026, the government has committed to issuing annual public reports to maintain transparency in managing and allocating these resources.
MD/te/Sf/lb/abj/APA