Malian, Burkinabe and Ivorian prime ministers launched a special economic zone (SEZ) project between Sikasso (Mali), Bobo-Dioulasso (Burkina Faso) and Korhogo (Côte d’Ivoire) on Sikasso (380 km south of Bamako) on Monday. Ivory Coast), according to official sources.
This initiative aims to promote opportunities for development and industrialization of countries in the perspective of economic and monetary union in order to raise the standard of living of the populations of member states, said a statement from the Government Information Center of Mali.
According to experts from the three countries, this project represents a new dynamic of subregional cooperation and integration.
“The implementation of this Special Economic Zone will encourage the creation and strengthening of public and private industrial projects,” Malian Minister of Economy and Finance Dr. Boubou Cissé told reporters.
“It is urgent to transform our border areas into growth engines,” said Paul Kaba Thiéba, the head of the government of Burkina Faso, at the launching ceremony of the project.
According to the head of the Malian government, Soumeylou Boubèye Maïga, the launch of this SEZ comes from the common will of the three countries to give a “new breath to the dynamics of integration”.
This zone will be, he said, “a real accelerator of economic growth, thus making it possible to reduce poverty considerably and to lay the foundations for the economic emergence of our countries”.
It also offers the respective private sectors, through public-private partnerships (PPP), the opportunity to create the conditions conducive to business development, to establish production units in the area and to develop them.