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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 The Establishment Of A Long-Term Agreement For Premises Cleaning And Green Spaces Maintenance Services
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
13 May 2024
Posting Date:
19 Apr 2024
 
 
 
Summary:
Supply of Vegetables, Fruits, Fish and Chicken
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
26 Apr 2024
Posting Date:
19 Apr 2024
 
 
 
Summary:
Provision of Upkeep and maintenance of computer equipment
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
19 Apr 2024
 
 
 
Summary:
Acquisition of office supplies; leisure equipment; prepaid cards; sports equipment
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
19 Apr 2024
 
 
 
Summary:
Provision of Upkeep, maintenance and repair of buildings; two (02) wheeled vehicles; computer equipment; air conditioners and Cleaning of premises
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
19 Apr 2024
 
 
 
Summary:
Supply of printing consumables; IT consumables; maintenance and cleaning products; Office supplies; office equipment; computer equipment
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
19 Apr 2024
 
 
 
Summary:
Supply of Solar equipment; School supplies; Medical equipment and tools (medicotechnical); Medical materials and tools (medical equipment) for the benefit of CSPS
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
19 Apr 2024
 
 
 
Summary:
Supply of Specific supplies and specific printed matter; Office supplies; Maintenance products; School equipment and IT product and consumables
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
19 Apr 2024
 
 
 
Summary:
Recruitment of a firm to inventory and evaluate the fixed assets of the West African Health Organization.
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
19 Apr 2024
 
 
 
Summary:
Provision of Insurance on the vehicle and Printing and binding
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
19 Apr 2024