Coly Energy Acquires French-Owned TotalEnergies in Mali

Coly Énergie Mali, an energy company, has taken over TotalEnergies’ operations in Mali. The terms of this acquisition ensure that all 1,109 employees of TotalEnergies will keep their jobs.

On Thursday, January 23, a delegation from Coly Énergie, headed by the newly appointed Chairman of the Board, René Hounsinou, met with Malian Prime Minister General Abdoulaye Maïga. They presented the company’s new leadership and assured the government of continued operations without disruptions.

Coly Énergie, in partnership with Benin Petro SA, is expanding its activities to Benin and Côte d’Ivoire. The company plans to strengthen the supply and distribution of petroleum products in West Africa.

The government welcomed the takeover as an important step for the energy sector in Mali. Officials said the move could improve the energy market and create more opportunities for the country. Mali’s Prime Minister reaffirmed his support for this acquisition and stated that it aligns with the vision of President Assimi Goita.

TotalEnergies, a French company, has been in Mali for over 60 years, working in oil, gas, and, more recently, renewable energy through its affiliate, Total Eren. The recent sale of its assets to a group of local investors is a big step for Mali’s energy sector, as it aims to bring technological innovations and significant investments to modernise Mali’s energy sector. The Malian government has praised the partnership, saying it will help protect jobs and support the country’s economy.

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