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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 occasion, he presented his management report.

The Malian industrialists of Opi were in 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 (Chairman and CEO of Transfopam) by electing him President of the organization.
After two terms at the head of the organization, Cyril Achcar passes the baton to Mamadou Yatassaye. In his report, Cyril Achcar, the outgoing president, said that the period 2018-2019-2020 has been used for the implementation of the "White Paper of Industry" which is a compendium totaling 24 measures of solutions to relieve the respective industrial companies facing the multiple challenges they will have to face, both structural and cyclical.
The outgoing President recalled that a developed country is an industrialized country. And in Mali, the industry faces significant weaknesses and constraints. Among these difficulties, he cited, among others, a Gross Domestic Product (GDP) of the manufacture of 6% against 11% for the average in the Uémoa zone, 15% for Senegal, 19% for Ivory Coast; a number of industrial units around 900 of which 200 are in the formal sector, while the Senegalese and Ivorian neighbors are at 3000 and 6000 units.
Mali, the 1st importer of industrial products in the Uémoa region with a trade balance deficit of nearly 400 billion CFA francs for more than 10 years; poor application of national and Community texts; lack of adequate infrastructure, timid industrial policies in the face of the potential of this sector in terms of impact on employment, wealth creation and the structuring of our economy.

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