Mali : Bamako to host the first OIC investment forum in Africa

Under the theme “Unlocking Africa’s Investment Potential,” the forum aims to catalyze investment in key sectors such as agriculture, infrastructure, energy, mining, textiles, and tourism. With the participation of more than 700 economic actors, including ministers, investors, and business leaders, the event seeks to create a conducive platform for public-private partnerships and networking among OIC member states.

This strategic event comes at a pivotal time: the country remains under a transitional government led by Colonel Assimi Goïta, who continues to renew international partnerships and reposition Mali on the African and global economic stage.

The OIC: A Growing Force in Africa

The Organization of Islamic Cooperation (OIC), founded in 1969, brings together 57 member states across four continents. It represents a significant share of the world’s population and global economy. In Africa, the OIC plays a crucial role in promoting trade, investment, and sustainable development.
 Countries such as Saudi Arabia, the United Arab Emirates, Qatar, Turkey, Pakistan, and Iran are key players within the OIC, providing financial and technical support for various projects across the continent. This support translates into investments in strategic sectors, thereby contributing to economic growth and regional stability.

Concrete Projects Funded by the OIC in Africa

Through its affiliated institutions, such as the Islamic Centre for Development of Trade (ICDT) and the Islamic Development Bank (IsDB), the OIC has supported several major projects in Africa. For example, Uganda’s Ituka Solar Power Plant Project, with a capacity of 24 MW, received financing of more than US$19 million. This project illustrates the OIC’s commitment to advancing renewable energy initiatives across Africa.

Moreover, the Islamic Development Bank has approved funding for major infrastructure projects, contributing to improved transport networks and boosting intra-African trade.

Strengthening Economic Ties and Attracting Foreign Investment

Hosting this forum in Bamako offers Mali a unique opportunity to strengthen its economic relations with OIC member states and attract foreign investment. For Africa, the event represents a vital platform to promote South-South cooperation and diversify development financing sources.
 The forum could also serve as a model for other African nations seeking to harness the opportunities provided by the OIC to stimulate their economic growth.

The first OIC Investment Forum in Africa, set to take place in Bamako, thus marks a strategic turning point for both Mali and the continent. It provides a golden opportunity to deepen economic ties with the Islamic world and to promote sustainable and inclusive development.