See also: » 02.03.2011 - "Kenya, Niger, Mali troops support Ghaddafi" » 23.02.2010 - Mauritania recalls ambassador over release of rebels » 04.02.2010 - Mali approved for more IMF disbursements » 11.01.2010 - 20 days ultimatum put on Frenchman's head » 27.11.2009 - French national abducted in Mali » 20.10.2009 - Mali armed to fight al Qaeda insurgents » 17.06.2009 - Over 16 militants killed in a raid » 05.02.2009 - Tuareg rebels beg for Algeria's mediation Houlihan's coupons

Finn autentiske matoppskrifter fra hele verden på Verdensmat.no: Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares

Autentiske matoppskrifter fra hele verden finner du på Verdensmat.no: Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike

afrol News, 5 August - Malian parliamentarians have overwhelmingly adopted a bill that seeks to privatise the nation's cotton sector company.

The privatisation of Malian Textile Development Company, which was supported by 117 lawmakers, was in tandem with the World Bank's demands that the government ensures that the bill is enacted "not later than the end of July 2008." Twenty parliamentarians opposed the bill while five abstained from voting.

The outfit will be replaced by four new companies, and as such, the state's 92.38% shares will be reduced to 7.6%. Geo-cotton will get 17% of the shares while the remaining capital of each of the four new companies in the offing will be apportioned between a strategic take-over with 61% of shares. Producers and workers will respectively hold 20% and 2% shares.

Malian government said the reform aimed to help increase cotton production, managing and sustaining the industry. Deputies on the ruling bench believed the privatisation law will reverse the steady decline of production and chronic deficit in the multi-million dollar industry.

Opposition deputies voted against the bill, arguing that the new companies expected to be established at the year end will not be economically and financially viable.

By staff writer

© afrol News

Tweet

Printable version

On the Afrol News front page now

Rwanda

Rwanda succeeds including citizens in formal financial sector afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda. Read more

Famine warning: "South Sudan is imploding" afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries. Read more

Guinea

Panic in West Africa after Ebola outbreak in Guinea afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease. Read more

Ethiopia

Ethiopia tightens its already strict anti-gay laws afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared. Read more

Ethiopia

Ethiopia plans Africa's biggest dam afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries. Read more