Mali - Economic development in Mali : evolution, problems and prospects (Vol. 5 of 5) : Public enterprises

RESTRICTED FILE COPY Report No, AW- 14a This report wcis prepared for use within the Bank and its affiliated organizations. They do not accept responsibility for its accuracy cr completeness. The report may not be published nor may it be quoted as representing their views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEV] INTERNATIONAL DEVELOPMENT ASSOCIATION ECONOMIC DEVELOPMENT IN MALI EVOLUTION, PROBLEMS AND PROSPECTS (in five volumes) VOLUME V PUBLIC ENTERPRISES May ZO, 1970 Western Africa Department  EXCHANGF RATES Prior to May 4, 1967 MP' 246.853 U.S. $1.)0 MS1 = CFAF 1 May 4, 1967 to August 11, 1969 MF 493.706 = r.S. $1.(?0 MF 1 = CFAF 0.50 After August 11, 1969 MF 555.419 = Lt.S. $1.(0 MF 1 = C,FAF 0.50 Niote: Cost and investment figures given in this report in Mali francs have not been adjusted for the partial devaluation which took place on August 11, 1969., Any dollar equivalents cited are at the previous rate of exchange unless otherwise noted. 4  VOLUME V PUBLIC ENTERPRISES IN I!ALI TABLE OF CONTENTS Page No. SUMIARY AND CONCLUSIONS ....................i.......... . - iv I. General Discussion A., Role in the Economy ....................*,,.e 1 B. Financial and Economic Situation .......... 4 Financial results of operations 4 h Relations with the Central Goverrnient and the banking system .....6 Economic performance .......8 Investment prospects , . ...... . 10 C,, Government Control, Managemerit and Technical Assistance . 11 D. Recomnmendations ... . .......... 13 II. Analysis of the Princip-1 individu. l nterprses ... ...... 3 ..... 3 A., Trading Companies .. 24 SOMIEX ... 24 OPAM .... 30 UNIOPN..... C................ 34 B. Industrial Companiesmp.... ........... G..* ......... 37 COMATOEX... 37 SONATAM ... .. 40 SEPOM E P OM.... 44 ^ ~~~~~~~SONEA ...,.......o......o..... 48 SOCOMA .................... 53 C. Transport, Public Works . . ...... 7 Air Mali . . .. * * 0*57 RCTMT . .60 RTM/TUB ..................... 60  Page No. SONEATRA ......... ........................ 66 1. SUmmary of Other Enterprises ................... 69 Librairie Populaire ................ 69 Pharmacie Populaire ........ I.. ...... . 70 OCINAM I.. 70 H6telleries du Mali .... 70 ACM-ENCO0M#.. .... . ... . , 70 Usine Ceramique . 71 Briquetterie .......... 71 Imprimerie Nationale , 71 SOCORAM. ......... * ..... 71 Energie du Mali ...... 72 ... .E ....., 72 ACM-CMN*#.** # ......,# ....... *.a*c.....*. 73 Office du Niger .......... ........ 73 Tabl.?s in TI'xt:' Table 1. Mali: The Role of State Enterprises in the Economy 16 Table 2. lali; Selected Data for Public and Hodern Private Enaterprises by Sectors ....... 0.. . 17 Table 3. Mali: Turnover of Public Enterprises ....*** 18 Table 4. Mali: Turnover of Non-tradit,ional Enterprises 19 Table 5. Mali: Net Results of Public Enterpr.ses. 20 T-able 6. Mali: Public Enterprises, Financial Relations with the Central Government ....... .... ... 21 Table 7. Mali: State Enterprises, Relations with Banking S-ystem.; ................................. 22 Table 8. Ma'li: Accounts of SONIEX, 1965/66-167/68......... 27 Table 9. Mali: Financial Ratios of S()MIEX, 1964/65-1967/68 28 Table 10. Mali: For Comparison: Finarncial Ratios of Selec- ted U.S. Trade Companies, 1967 ........., ........ 29 Table 11'. Mali: Accounts of OPAM, 1965,/66-19663.............. 32 Table 12. Mali: Financial Ratios of OIA'4, 1966/67-1968 ...... 33 Table 1.3. Mali: Accou:nts of LTNICCOP, 1966/67-l >67/6&........ 35 Table 114. Mali: Financial Ratios of UMICOOP, 1966/67-1967/68 36 Table 1,. Mali: Accounts of SOMATEX, 168... 38 Table 165. Mali: Financial Ratios of COXATEX, 1968 ........... 39 Table 17. Mali: Accounts of SONATAM', 1965/66-1967/68 ........ 42 Table 113. Mali: Financial Ratios of SO)NATAM, 1965/66-1967/68 43 Table 19 . MIali: Accounts of SEP0M, 1967/68-1968..., ....... 46 Table 20. Ma'li: Financial Ratios of SIEPOM, 1957/1968 ........ 47 Table 21. Mali: Accounts of SONEA, 1965/66-1967/68 .......... 50 Table 22. Mali: Financial Ratios of SONEA and Abattoir Bamako, 1965/66-1967/68.... ........... * .......... 51  -3- Page No. Table 23. Mali: Accounts of Abattoir Bairako, 1966/67-1967/68 52 Table 24. Mali: Consolidated Accounts o:f SOCOMA, 1965/66- 1967/68 ............. 55 Table 25. Mali: Financial Ratios of SOCOMA, Farm and Fac- tory, 1966/67-1968............ ... . 56 Table 26. Mali: Accounts of Air Mali, 1967/68 .58 Table 27. Mali: Financial Ratios of Air Mali, 1967/68 59 Table 28. MHali: Financial Ratios of RCUH, 1965/66-1968 61 Table 29. Mali: Accounts of RCFl, 1965/66-1968. 62 Table 30. Mali: Accounts of RTM, 1967/6.3 64 Table 31. Mali: Financial Ratios of RTM, 1967/68 65 Table 32. Mali: Accounts of SONETRA, 19677/68-1968 67 Table 33. Mali: Financial Ratios of SONZTRA, 1967/68-1968 68 Table 34. iIali: List of State Enterprises Grouped By Super- vising Hinistry .............. .. 74 Table 35. ,lali: Manufacturing Public Eniterprises and their Capacity at the end of 1963l......... 75 Table 36. Maili: Turnover of Public Enterprises, 196l-1967/6C 77 Table 37. mali: Net Profits of Public Eniterprises, 1961- ]!967/68 .... o'*^@* -