MALI
HR Outsourcing Solutions

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About Mali

Page Last Updated: 28/05/2024

Located in West Africa, Mali boasts rich cultural heritage and economic potential, with valuable resources like gold and cotton. However, businesses entering Mali face challenges with complex regulations and a dynamic labour market. Africa HR Solutions (AHR) offers comprehensive HR services, including onboarding, payroll management, and compliance with local labour laws. 

Population: 24.1 M


Gross Domestic Product (GDP): $21.66 B
GDP Growth: 4%
Inflation: 1%
Foreign Direct Investment (% of GDP): 3.8%
Unemployment Rate: 3.14%
Capital: Bamako
Currency: West African CFA franc (XOF)
Languages: French

Mali Payroll at a Glance

Currency

West African CFA franc (XOF)

Income Tax

0% – 37%

Employer Taxes

35%

Employee Contribution

3.6%

Fiscal Year

1 January – 31 December

Date Format

dd/mm/yyyy

  • Bamako is the capital and largest city of Mali, serving as the country’s economic and administrative center.
  • Mali is home to ancient cities like Timbuktu and Djenné, renowned for their historical and cultural significance.
  • Mali’s economy is largely agrarian, with agriculture employing around 70% of the workforce; cotton and gold are major exports.
  • Mali has a rich musical heritage, particularly known for its traditional and contemporary music, which has gained international acclaim.
  • The Niger River, one of Africa’s major rivers, runs through Mali, providing essential water resources for agriculture and daily life.
  • New Year’s Day
  • Martyrs’ Day
  • Easter Monday
  • Whit Monday
  • Africa Day
  • Eid al-Fitr
  • Eid al-Adha
  • Independence Day
  • The Prophet’s Birthday
  • Christmas Day
Interesting-Facts

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