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Economy of Burkina Faso and business opportunities

Economy of Burkina Faso

Burkina Faso has an average income purchasing-power-parity per capita of $1,666 and nominal per capita of $790 in 2014. More than 80% of the population relies on subsistence agriculture, with only a small fraction directly involved in industry and services. Highly variable rainfall, poor soils, lack of adequate communications and other infrastructure, a low literacy rate, and a stagnant economy are all longstanding problems of this landlocked country. The export economy also remains subject to fluctuations in world prices.

The country has a high population density, few natural resources, and a fragile soil. Industry remains dominated by unprofitable government-controlled corporations. Following the African franc currency devaluation in January 1994 the government updated its development program in conjunction with international agencies, and exports and economic growth have increased. Maintenance of its macroeconomic progress depends on continued low inflation, reduction in the trade deficit, and reforms designed to encourage private investment.

The Burkinabé financial system represents 30% of the country's GDP and is dominated by the banking sector, which accounts for 90% of total financial system assets. Eleven banks and five non-bank financial institutions operate in the country.

The banking sector is highly concentrated, with the three largest banks holding nearly 60% of total financial sector assets. Banks are generally adequately capitalized, but remain vulnerable due to their overexposure to the cotton sector, the prices of which are subject to significant oscillations.

Burkina Faso was ranked the 111th safest investment destination in the world in the March 2011 Euromoney Country Risk rankings.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Burkina Faso"

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This section contains economy and business opportunities and from Burkina Faso.
Burkina Faso Economy Burkinese Economy, business opportunities in Burkina Faso.
Summary:
Call For Tenders For Reinforcement Works Of (04) Old Faep Dédougou, Tcheriba, Fara Tenado
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
13 May 2024
Posting Date:
27 Apr 2024
 
 
 
Summary:
Call For Tenders For The Acquisition Of Kits For Village Birthwaves
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
10 May 2024
Posting Date:
27 Apr 2024
 
 
 
Summary:
Call For Tenders For The Acquisition Of Delivery And Protection Kits For Village Birthwaves.
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
10 May 2024
Posting Date:
27 Apr 2024
 
 
 
Summary:
Call For Tenders For The Recruitment Of A Consultant For The Determination Of The Reference Values Of The Norad Program 2024-2028 Indicators Burkina Faso
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
10 May 2024
Posting Date:
27 Apr 2024
 
 
 
Summary:
Call For Tenders For The Carrying Out Maintenance And Calibration Of The Medical Equipment Of Its Clinic And Its Kitchen Equipment On The Site.
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
05 May 2024
Posting Date:
27 Apr 2024
 
 
 
Summary:
Call For Tenders For The Management Of Fire Safety Of The Offices And Residences Of The Company Iamgold Essakane Sa In Ouagadougou.
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
27 Apr 2024
 
 
 
Summary:
Construction work on a 90 kV double circuit line Kossodo-Ouaga est
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
26 Apr 2024
 
 
 
Summary:
Lot 1 Acquisition of reagents Lot 2 Acquisition of furniture and office equipment Lot 3 Acquisition of office computer equipment
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
26 Apr 2024
 
 
 
Summary:
Maintenance of the electrical circuit for the benefit of the University of Ouahigouya Lot 2: Sanitary plumbing for the benefit of the University of Ouahigouya Lot 3: Maintenance, repair of video projectors for the benefit of the University of Ouahigouya Lot 4: Maintenance and repair of air conditioners for the benefit of the University of Ouahigouya Lot 5: Maintenance and repair of sound equipment for the benefit of the University of Ouahigouya
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
06 May 2024
Posting Date:
26 Apr 2024
 
 
 
Summary:
Acquisition of a prefabricated mobile laboratory for the benefit of the University Lédéa-Bernard OUEDRAOGO (ULBO)
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
06 May 2024
Posting Date:
26 Apr 2024