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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:
Provision of Recruitment of a design office responsible for monitoring and controlling construction work of the headquarters of the Nakanbé Water Agency
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Acquisitions and services of Security service (authorization) for the benefit of the Regional Directorate of Infrastructure and Opening up of the Center-North
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Acquisitions and services of Rental of buildings for the benefit of the Regional Directorate of Agriculture, Animal and Fishery Resources of the Center-North (DRARAH-CN)
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Acquisition of inactive values and Rental of buildings
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Provision of Catering and Cleaning for the benefit of the town hall
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Provision of Maintenance and repair of school, office and residential furniture, two-wheeled vehicles and tricycles, air conditioners, four-wheeled vehicles (approval required)
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Provision of Construction, maintenance and repair of building, construction and maintenance of hydraulic structures (approval required)
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Acquisition and maintenance of IT equipment and consumables (approval required), solar equipment and other energy sources
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Acquisition of medicines and medical consumables, materials, equipment, tools and various supplies,protective equipment, small medical technical equipment (Approval required) for the CSPS and the veterinary service
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
29 Apr 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Provision of Work to carry out five (05) positive boreholes equipped with PMH in the region of South-West for the benefit of the South-West Regional Directorate of Water and Sanitation
Country:
Burkina Faso
 
Notice Type:
Tender Notice
Deadline:
30 Apr 2024
Posting Date:
25 Apr 2024