Скачать или смотреть “African leaders are so dumb”….Checkmate ♟️

Mali’s mining sector is now the backbone of its economy. Gold alone made up over 25 percent of GDP and more than 80 percent of exports in 2023. For years, Barrick operated under older agreements signed during conflict and instability. The new mining code raised the state’s share to 35 percent and demanded more local content and taxes. It also forced joint ventures to keep 10 percent of shares for Malian investors. While Barrick stayed, other foreign miners are watching closely. Some say this will scare off investment. Others say the risk was that Africa never set terms to begin with. In 2026, Mali created a centralised mining authority reporting directly to the presidency. Power has shifted from multinationals to the state. But will that translate to better outcomes for the people?

Sources: Bloomberg Reuters IMF Barrick.com Africa Business Insider