Bamako
Bamako is the Capital and the largest city in Mali. The city is experiencing a high growth rate which economists have rated to be the leading in Africa. The city is also rated as the sixth fastest growing city in the world. According to the census in 2009, the town was estimated to have a population of 1, 809, 106 persons. The town is located close to the Niger River close to the rapids dividing the middle and the upper valleys. The town also has a river port located close to Koulikoro. The administrative activities are controlled done at the Bamako.
Real estate
The value of property at Bamako is rising at an incredibly fast rate as the economy is also growing at a tremendous rate. There are no regulations stopping foreigners from buying property in the or real estate in the town. However, there is an elaborate process that should be followed by the buyer looking to invest in the city. The land prices are higher in the regions close to the city but goes down as you move away from the city.
Urbanization
The commercial center was initially located in the northern area of the river. This area was held in between Rue Baba Diarra, Avenue du Fleuve and Boulevard du Peuple. These areas are the Street market and the Marche Rose.
Bamako urbanization is growing on radius of about 30 km. The downtown area has high population and population effects. This area is also surprisingly where property is most expensive. The Niger River Southern bank is the largest urbanized area. People looking for property in area that is not heavily congested and pollution free should stay out of this region.
Modern CBD investment
Investors who want to invest in a modern CBD; the western region of the town is a suitable and fast developing CBD. One of the fast developing regions is the district ACI-2000 region. This region is taking advantage of the taxiways, the legacy created by the old airport runways and the strategic geometric layout. There is a large administrative region in development between King Fadh Bridge and ACI-2000. The town is the hub for several administrative institutions as well as companies.
For several decades, Saudi Arabia has been the leading investor and donor to Mali but China has taken into the investment of both investment and facilities recently.
Investment options
There is shortage of capital in Bamako. Real estate investments opportunities are readily available.
Local News
West African group mulls intervention in Mali - Christian Science Monitor
Published 12:57, 17th May GMT
Amnesty Int'l: Mali suffering its 'worst crisis' - Boston.com
Published 13:48, 16th May GMT
Mali interim govt raises gold sales tax - Reuters
Published 20:02, 17th May GMT
Mali coup: Tuaregs tell of ethnic attacks - BBC News
Published 07:22, 17th May GMT
West African bloc may re-impose Mali sanctions - Fox News
Published 11:24, 14th May GMT
Egypt, Libya qualifiers to be played wit - FOXSports.com
Published 15:46, 17th May GMT
Gunfire erupts in Mali's Bamako, junta claims control - Reuters
Published 12:01, 1st May GMT
Islamist attacks saint's tomb in Timbuktu - The Associated Press
Published 17:58, 6th May GMT
- retrieved via Google News