Mali Textile Joint Stock Company project restart bill passed

The Mali News Network reported on June 7 that the National Transitional Council unanimously approved the 2023- Bill No. 013/PT-RM. In order to promote the restart of the project, Mali’s transitional government promised to pay off the company’s existing debt within 2 years, take a series of measures to ensure the company’s financial and commercial balance, and strive to enable the company to achieve full production and clear all products, reaching 220 Turnover of more than 100 million West African CFA francs (US$18 million). To this end, the transitional government will sign a performance contract with the new company team and establish a supervisory committee to ensure the company’s sustainable development. </p