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Mali: Cyril Achcar passes the baton to Mamadou Yatassaye

29/03/2021
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The Presidency of the employers' organization of industrialists of Mali (OPI), Cyril Achcar, passes the baton to Mamadou Yatassaye. On the occasion, he presented his management report.

The Malian Opi industrialists were in a conclave on Saturday, March 20, 2021 at the Salam Hotel to validate the activity report, the financial reports of the outgoing office and elect a new president. At the end of the work, they chose Mamadou Yatassaye (CEO of Transfopam) by electing him president of the organization.
After two terms at the head of the organization, Cyril Achcar thus passes the baton to Mamadou Yatassaye. In his review, Cyril Achcar, the outgoing president, said that the period 2018-2019-2020 was used to implement the “Industry White Paper”, which is a compilation of 24 solution measures in order to relieve the respective industrial companies in the face of the multiple challenges they will have to face, both structural and cyclical.
The outgoing President reiterated that a developed country is an industrialized country. And in Mali, the industry faces major weaknesses and constraints. Among these difficulties, he mentioned, among others, a gross domestic product (GDP) of manufacturing of 6% compared to 11% for the average in the Uémoa zone, 15% for Senegal, 19% for Côte d'Ivoire; a number of industrial units of around 900, 200 of which are in the formal sector, while the Senegalese and Ivorian neighbors are 3,000 and 6,000 units.
Mali, the leading importer of industrial products in the Uémoa region, with a trade deficit of nearly 400 billion CFA francs for over 10 years; poor application of national and Community legislation; lack of adequate infrastructure, timid industrial policies in the face of the potential of this sector in terms of spillover effects on employment, wealth creation and the structuring of our economy

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