1. Project MALI DEVELOPMENT CORPORATION & BANK
Themes DEVELOPMENT FINANCE INSTITUTION, NATURAL RESOURCES, ENERGY, INDUSTRY, INFRASTRUCTURE Incl. Housing & Logistics
UN-SDGs
Main
Characteristics
Client: The MALI GOVERNMENT - DEPARTMENT OF ECONOMY AND FINANCE - The MALI CHAMBER OF MINES
Project: ●Rationalisation of the Economic Development and the Valorisation of Natural Resources at the National level ●The NATIONAL DEVELOPMENT BANK and ●The NATIONAL INVESTMENT AND
NATURAL RESOURCES DEVELOPMENT CORPORATION ●Rationalisation of the Natural Resource and Gold Mining value chain at the National level ●The NATIONAL CENTRAL COMMODITY EXCHANGE
Value: USD 400M
Performance: ●Research and business engineering ●Strategic advisory and presentation to the MALI GOVERNMENT ●Coordination of the international RFP ●Search and selection of the technical partner
●Search and selection of the financial partner: RELIGARE INVESTMENT BANKING & SECURITIES ●PPP negotiations ●Coordination of the feasibility study
Macro Socio-
Economical
& Historical
Context
▪ West Africa is in need of economic integration and sustainable multi sector development to improve the quality of its growth and achieve its vision for the continent and its people.
West African Governments and the Development Institutions, i.e.: the Economic Community of West African States (ECOWAS), the African Development Bank (AfDB), the World Bank & the
International FInance Corporation (IFC) & the French Agency for Development (AFD), promote the creation of "centers of excellence" as well as the streamlining of sector & thematic development
corridors involving Energy, Housing, Infrastructure, Natural Resources and Industry value chains.
▪ Investments into Mali keep increasing, throughout the global financial crisis in 2008, and commodities volatility since mid-2013 ; in point of fact, the Republic of Mali has recorded 5% GDP growth per
year from 2008 till 2011, 7% in 2014 (above 6% UEMOA) and 6% in 2015. The country’s economic program is supported by its technical and financial partners with more than USD 6 Billion committed
to its development as a strategic stronghold, Mali being situated in the centre of the ECOWAS region bordering 7 countries. Mali now hosts 15 banks and financial institutions, USD 7.7 Billion of total
assets, and records good profitability with USD 122 Million in 2015.
▪ Responding to the lack of pragmatic solutions bridging the gap between the local environment realities and the regulatory requirements, a way forward is to be conceived and promoted, thus is
the demand of the Malian Government.
Stakeholders
Ecosystem
/ Frameworks
▪ Mali Government – Ministries :
+ Department of Economy & Finance,
+ Department of Mines,
+ Department Of Investment And Private Sector Promotion,
+ Department of Industrial Development,
+ Department of Agriculture,
+ Department of Housing & Urbanism,
+ Department of the Environment & Sustainable Development,
+ Department of Energy & Water,
+ Department of Transport
▪ Financial Partner: RELIGARE INVESTMENT BANKING & SECURITIES
▪ World Bank,
▪ International Finance Corporation (IFC),
▪ Development Bank of Southern Africa (DBSA),
▪ South African Industry Development Corporation (IDC),
▪ Mali Mining House (MMH SA),
▪ French Agency for Development (AFD),
▪ African Development Bank (AfDB)
▪ The EBID (ECOWAS Bank for Investment and Development). Cumulative net commitments X6 between 2009 & 2014,
reaching USD 1.34Billion in 2014
▪ The BOAD (West African Development Bank). Cumulative commitments stand at EUR5.16Billion by the 31/12/2014
▪ The AfDB (African Development Bank) has committed USD7.3Billion by end of 2014
▪ The EDF (European Development Fund) has committed EUR1.150Billion from 2014 to 2020 to support regional security
& stability, economic integration & trade, agriculture & natural resources development projects
▪ The WORLD BANK Group. Commitments towards Sub Sahara Africa remain the Bank’s highest priority, reaching record
level of USD15.1Billion in 2014 (USD 14,7Billion in 2013)
▪ The I.M.F has committed ongoing advising and monitoring services aimed at structural transformation and regional
integration, and operates a dedicated Regional Technical Assistance Centre (AFRITAC WEST) from Abidjan
▪ The OHADA (Organisation for the Harmonization of Business Law in Africa). Supranational court comprising of 17
African states and 9 validated Uniform Acts to ensure uniformity and consistent legal interpretations (Laws for:
General Commerce, Secured Transactions, Debt Resolution, Insolvency, Arbitration, Carriage of Goods, Harmonization
of Corporate Accounting, Commercial Companies & Economic Interest Groups, Cooperatives Companies).
▪ The EITI (Extractive Industries Transparency Initiative) International standard ensuring transparency regarding
countries’ oil, gas and mineral resources. Implemented in 48 countries, EITI is endorsed by over 95 institutional
investors with a total assets under management of more than USD 16Trillion.
▪ Regional security cooperation entitled ECOMOG (Economic Community of West African States Monitoring Group)
▪ The ECOWAS Community Court of Justice (Advisory & Contentious Jurisdiction, and Arbitration)

2. The Vision Elaborate, promote & institutionalise sustainable economic development and social progress in the national priority sectors and secure International investment
Our Mission
▪ Elaborate pragmatic solutions bridging the gap between the local environment realities and the regulatory requirements
▪ Conceive and structure a guiding and financing development institution : The MALI DEVELOPMENT CORPORATION (MDC)
▪ Structure financing and leveraging solutions & systems to start and scale investments
▪ Substantiate with thematic sectorial projects inclusive of stakeholders and value chains, special focus on the Natural Resources sector
OBJECTIVES PERFORMANCE - DELIVERABLES - MEASUREMENT CRITERIA
▪ Identify, select and engage all pertinent stakeholders, align threats and
interests
▪ Integrate the selected activity sectors stakeholders policies, considerations,
objectives and risks, to ensure inclusive growth
▪ Map out of the selected national-priority sector stakeholders:
+ Natural Resources (incl. Mining & Agriculture) Special focus on the Mineral & Extractive Industries + Energy, +
Industry (incl. Beneficiation & Transformation) + Infrastructure (incl. Housing & Logistics)
▪ Engage successful concurrent development & financing institution models
▪ Build on successful rugged models & experiences by integrating the national &
sector specific contextual characteristics
▪ Identify, select and contractualise with Technical and Financial Partners
▪ Integrate sector stakeholders considerations into The Mali Development
Corporation Charter and Policies
▪ Analyse, select and engage Development Institutions and Banks:
+ the African Development Bank (AfDB)
+ the World Bank & the International Finance Corporation (IFC)
+ the French Agency for Development (AFD) & the PROPARCO (Private Investment arm)
+ the Development Bank of Southern Africa (DBSA) & the South African Industry Development Corporation (IDC)
▪ Conduct workshops, presentations and deliberations
▪ Coordinate International RFP and selection process for ideal technical and financial partnerships
▪ Formalise with technical & financial partners: RELIGARE INVESTMENT BANKING & SECURITIES
▪ Structure compliant financial leverage for the development finance
institutions and to fund the Mali Development Corporation, securing
guarantees/collateral/securities
▪ Identify accountable assets which can be structured to be compliant to international financial standards and
systems:
+ Mali is the 3rd Gold producer in Africa and houses 7 of the biggest Mining Corporations in the world which
includes Mining projects listed on the global capital markets : TSX, ASX, DJ...
▪ Structure leverage mechanics for initial funding of the Mali Development Corp. and to guarantee Investments into
national priority projects:
+ Transfer existing and producing mining assets to the MDC
▪ Elaborate pragmatic & detailed thematic solutions and projects for
streamlining priority sector & value chain development; focus on the biggest
activity sector as 1rst milestone, and scale to the other sectors and to the
region: The Natural Resources and more specifically the Mining and
Beneficiation industries
▪ Establish Mali as a "Forward thinking" champion in Africa for sustainable
resources exploration and production
▪ Adapt and scale the successful investment and operation models to the other
priority activity sectors
Elaborate and implement comprehensive and modular mineral industry development projects:
▪ National Chamber of Mines : The MALI CHAMBER OF MINES
▪ National Junior Mining company : The MALI MINING HOUSE SA (Probably the largest national Conglomerate of
mining title owners in Africa)
▪ Central Commodity Exchange platform : The MALI CENTRAL COMMODITY EXCHANGE
▪ National Refinery to LBMA standards : The KANKOU MOUSSA REFINERY
▪ Free zoning for importing value adding industries : The BAMAKO INTERNATIONAL AIRPORT FREE ZONE
▪ National Label for the Mineral value chain to the Sustainable Development standards : The GREEN MINERAL LABEL
▪ National School of Mines : The MALI SCHOOL OF MINES
Mgmt. Systems
& Tools
/ Regulatory
Frameworks
/ Evaluation
Method /
Reporting
▪ ISO Ecosystem (9001/14000) & BS OHSAS (18000)
▪ Project Management Institute Principles (PRISM, PRINCE2, MS Project)
▪ UN Principles For Responsible Investing / Global Compact
▪ Global Reporting Initiative w/, Global Impact Investing Network (IRIS) criterias
▪ Prospero Investment Portfolio Management System (SAGE)
▪ Mutually developed stakeholders' Sustainability Frameworks & Objectives'
Benchmarks for Success - CSR and SRI reporting against those benchmarks
▪ Thematic Scorecards
▪ Quantitative percentage Impact performances
▪ Dedicated Progress Reports produced for the various Stakeholders
▪ Corporate partners: Weekly, Monthly and Quarterly Project Management Reports
▪ Government & Institutions: Project Advancement Monthly and Quarterly Reporting
▪ Investors: Project Advancement & Financial Monthly and Quarterly Reporting
▪ Other Stakeholders: Project Advancement Monthly and Quarterly Reporting