Financial Crime World

Due Diligence: A Must in Uncertain Economy for Investors in Mali

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As Mali continues to recover from the 2012 military coup and subsequent Islamist insurgency, investors are being warned about the importance of due diligence in the face of uncertainty. With a history of political instability and corruption, Mali’s economy is fragile and vulnerable to shocks.

Challenges Facing Mali’s Economy

Despite a rebounding GDP in 2013 thanks to international aid and a strong agricultural harvest, the country still faces significant challenges. The mining sector, which accounts for a significant portion of Mali’s exports, has been resilient but is not immune to the broader economic instability. Meanwhile, foreign investment in tourism has plummeted due to security concerns.

Opportunities in Mining and Petroleum Sectors

However, the mining and petroleum sectors have remained attractive to investors, with Mali ranking as one of the top gold producers on the continent and a major cotton exporter. The country’s rich natural resources make it an attractive destination for companies looking to capitalize on its growth potential.

Conducting Business in Mali: A Risky Proposition

But conducting business in Mali requires careful consideration of the risks involved. The lack of an online commercial register means that companies must rely on local sources for information, and ABI’s extensive network can provide valuable insights into the complex regulatory environment.

Why Due Diligence is Essential

As investors weigh their options, it is essential to prioritize due diligence in order to mitigate potential risks and ensure a successful investment. With its deep understanding of the Malian market, ABI is well-positioned to assist companies navigating this challenging landscape.

  • Prioritize due diligence to mitigate potential risks
  • Consider local sources for information due to lack of online commercial register
  • Rely on ABI’s extensive network for valuable insights into the regulatory environment