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    Ramaphosa, Kiir discuss South Sudan elections, peace process

    Ghana’s cocoa regulator secures $288 million for farmer purchases

    Ghana’s cocoa regulator secures $288 million for farmer purchases

    The Critical Role of Gold in Tanzania’s Economic Growth

    Tanzania gold mine deaths at centre of case against London accreditor of refiners

    Zambia says US health deal must be uncoupled from minerals access

    Zambia says it is negotiating US minerals deal after ‘decoupling’ from health pact

    African Union delegation meets Congo rebels, calls for continued peace efforts

    African Union delegation meets Congo rebels, calls for continued peace efforts

    Kenya appoints Citi, Standard Bank to study possibility of borrowing in international markets

    Kenya infrastructure fund begins deploying $2.6 billion seed capital by buying bonds

    UN experts say war crimes committed in Ethiopia despite formal end to conflict

    Eritrean troops drive through northern Ethiopian town, witnesses say

    African Union to launch African credit rating agency in October, adviser says

    African Union to launch continent’s first credit rating agency

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    The global panel on inequality needs African evidence: here’s how it could work

    The global panel on inequality needs African evidence: here’s how it could work

    Why Africa needs a new credit agency

    Why Africa needs a new credit agency

    Japan signs deal with Namibia to explore for rare earth minerals

    Africa’s mineral strength is wasted if countries don’t work together – new report

    Ethiopia: at least 40 army allies killed in drone strike

    Ethiopia’s peace deal is unravelling – what went wrong with the Tigray agreement

    DRC on a mission to financing the world’s largest hydropower dam

    DR Congo: The INGA Dam Paradox

    Cameroon uncovers more than 200 illegal gold mines, mostly foreign-owned

    Mineral Beneficiation: A Pipedream of Prosperity in an Unequal Financial Architecture

    Zambia signs $1.1 Billion deal to build major oil refinery in Copperbelt

    Is Zambia’s Economy Rebounding Under President Hakainde Hichilema?

    Nigeria considers crude supply reforms to aid Dangote, other refiners

    Refinery rivalry: billion‑dollar oil projects expose East Africa’s long‑running regional tensions

    Zambia’s chaotic but decisive election: government demonstrates strength, democracy shows weakness

    Zambia’s chaotic but decisive election: government demonstrates strength, democracy shows weakness

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    China could drive Africa’s renewable energy revolution, report says

    A study shows wind and solar projects in Kenya and South Africa don’t always benefit the communities that host them

    Angola’s lengthy war shaped the way farmers utilised fire—why it matters

    Angola’s lengthy war shaped the way farmers utilised fire—why it matters

    Schooling is the most severely affected by conflict when children are the target – Study

    Schooling is the most severely affected by conflict when children are the target – Study

    Pensions for Botswana’s elderly are expanding, but care services are lacking—study follows 20 years

    Pensions for Botswana’s elderly are expanding, but care services are lacking—study follows 20 years

    60 new cosmic structures have been discovered by South Africa’s MeerKAT telescope, which is mapping previously unseen gaps between galaxies

    60 new cosmic structures have been discovered by South Africa’s MeerKAT telescope, which is mapping previously unseen gaps between galaxies

    Benin government says armed forces foil coup attempt

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    One in three South Africans have never heard of AI: what this means for policy

    One in three South Africans have never heard of AI: what this means for policy

    Social Media as a Catalyst for the Spread of Dangerous Wealth Ritual Myths

    Social Media as a Catalyst for the Spread of Dangerous Wealth Ritual Myths

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    Overcoming Education Barriers for Young Mothers in Sub-Saharan Africa

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    Jorge Bom Jesus: Linguist and former Prime Minister of São Tomé and Príncipe

    Jorge Bom Jesus: Linguist and former Prime Minister of São Tomé and Príncipe

    Joseph Leabua Jonathan (1914-1987): Former Prime Minister of Lesotho

    Joseph Leabua Jonathan (1914-1987): Former Prime Minister of Lesotho

    Gambia’s president Barrow faces backlash over ‘death wish’ on archrival

    Adama Barrow: President of the Republic of The Gambia

    Rwandan President Paul Kagame announces he will run for a fourth term

    Paul Kagame: Former military officer and president of Rwanda

    Zumbi dos Palmares (1655-1695): Afro-Brazilian leader of the great Palmares Quilombo

    Zumbi dos Palmares (1655-1695): Afro-Brazilian leader of the great Palmares Quilombo

    Léon M’ba (1902-1967): First president of independent Gabon

    Léon M’ba (1902-1967): First president of independent Gabon

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    Netumbo Nandi-Ndaitwah: President of Namibia

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    Manovo-Gounda St. Floris National Park, Central African Republic

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    Fasil Ghebbi, Gondar Region, Ethiopia

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    Bwindi Impenetrable National Park, Uganda

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    Fort Jesus, Mombasa, Kenya

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    Bassari and Bedik Cultural Landscapes, Senegal

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Home Analysis & Report

Senegalese leader Bassirou Diomaye Faye makes trade, diplomatic forays in Mali

May 30, 2024
Senegalese leader Bassirou Diomaye Faye makes trade, diplomatic forays in Mali

Copyright: X / @PresidenceMali

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The Dakar-Bamako corridor remains a vital route for trade between the two neighbouring countries.

The visit of Senegalese President Bassirou Diomaye Faye to Mali, on Thursday 30 May, is of particular importance in strengthening trade and diplomatic relations between the two countries. A number of issues aimed at strengthening bilateral cooperation will be at the centre of discussions.

Trade between Senegal and Mali is of vital importance to both nations.

This is illustrated by Senegal’s recent announcement that it needs 250,000 sheep for the upcoming Eidhul Adha (Tabaski) feast. Mali, as a major supplier of sheep, has promised to meet this demand, thereby strengthening bilateral economic ties.

Trade relations between the two countries are already strong, with Mali ranking first among Senegal’s African clients. In 2022, Senegal’s sales to Africa totalled 1,404.5 billion CFA francs, of which 50.5 percent went to Mali.

This stable trade partnership is an essential pillar of regional economic cooperation.

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Security cooperation between the two countries has also evolved over the years. Since 2013, Senegal has sent troops to Mali as part of peacekeeping missions, both with an African mission and with MINUSMA.

This security and humanitarian contribution bears witness to Senegal’s solidarity and commitment to regional stability and security.

The Dakar-Bamako corridor remains a vital route for trade between the two countries. Discussions will be held to overcome logistical, economic and security challenges in order to ensure fluid and efficient connectivity between Dakar and Bamako, thereby promoting trade and the economic development of both nations. In 2020, goods
traffic on the Dakar-Bamako corridor totalled more than 2.7 million tonnes, despite the challenges posed by the Covid-19 pandemic.

Although the movement of people and goods is generally satisfactory, occasional difficulties persist on the corridor.

Senegal and Mali are also members of the Organisation for the Development of the Senegal River, (OMVS), a regional organisation that aims to promote the economic and social development of member countries through the shared management of the Senegal River’s water resources. This cooperation within the OMVS strengthens the links between the two countries in the field of sustainable development and natural resource management.

Source: APA
Tags: Bassirou Diomaye FayeCFA francDakar-Bamako corridorMaliMINUSMAOrganisation for the Development of the Senegal River (OMVS)

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