Mali takes majority control of civil explosives producer

The Malian government has announced that it is taking majority control of a new company dedicated to producing civil-use explosives inside the country.

Following a recent cabinet meeting at the Koulouba Palace, authorities approved the state’s 51 percent stake in the “Société Industrielle du Centre du Mali FARATCHI-CO-SA,” created in partnership with the Chinese firm Auxin under a shareholder pact signed in November 2024.

The…