Category Archives: Burkina Faso News

Burkina Faso News

GMOs have lessened pesticide poisoning and improved yields in Africa, says report

A report by a top caucus of experts in the United Kingdom shows that many countries have benefited from improved economies and healthier populations by farming genetically modified (GM) crops. Most significantly, the low pesticide use associated with GM farming is linked to fewer incidences of pesticide poisoning among farmworkers—particularly for small-scale farmers, observes the […]

The Sahel faces further destabilisation from the jihadi gold rush

Africa’s Sahel, a region separating the Sahara Desert to the north and savannas to the south, is notorious for widespread poverty and persistent conflict. In fact, Western Sahel, especially Mali, Burkina Faso, and Niger, is the most unstable area on the continent. For years, terrorist attacks have been a frequent occurrence but recently the region […]

Hybrid solutions are the most effective way to deliver reliable clean power to remote off-grid mining operations in Africa

Tarik Sfendla, Market Development Manager, Africa chez Wärtsilä Energy Business

Op-ed by Tarik Sfendla, Market Development Manager, Africa chez Wärtsilä Energy Business The energy markets are undergoing a massive transformation as governments around the world transition away from fossil fuels towards the integration of renewable energy. This trend is clearly visible in the mining industry as demonstrated by recent power projects in South America and in […]

The African Development Bank pledges US$ 25 billion to climate finance for 2020-2025, doubling its commitments

The African Development Bank pledges US$ 25 billion to climate finance for 2020-2025, doubling its commitments

Akinwumi A. Adesina said that the Bank would commit at least US$25 billion towards climate finance Bank to launch ‘Green Baseload’ Facility to provide concessional finance to support reliable and affordable renewable energy baseload; “Desert to Power” initiative enters implementation stage with Yeleen Project in Burkina Faso. The African Development Bank (www.AfDB.org) will double its […]

Orange launches « Sanza », the phone which democratises access to Internet in Africa

Beginning April 2019, Orange customers in Mali, Burkina Faso and Côte d’Ivoire will have access to a new category of smart feature phones powered by KaiOS, the operating system from KaiOS Technologies At Mobile World Congress, Orange (Orange.com) partners with KaiOS Technologies (KaiOSTech.com) and UNISOC (UNISOC.com) to launch a phone with voice recognition at $US 20 in 16 countries […]

Three massive Green Climate Projects in Africa worth over US$110 million

Green Climate Fund Board approves three African Development Bank proposals for Green Climate Projects worth over US$ 110 million

During October 17-20, 2018 Green Climate Fund held a meeting in Manama, Bahrain. It was the 21st board meeting which was co-chaired by Paul Oquist from Nicaragua and Ambassador Lennart Båge from Sweden. GCF got three proposals from African Development Bank which was worth over US$110 million. 20 funding proposals were considered in this meeting […]

Investing in Africa. Unexploited transport and logistics opportunities in Africa

Map of the REC Pillars of the African Economic Community. Photo Credit: Wikipedia

Improved trade and transport linkages between African countries could open up new markets for businesses. Despite recent advances, the African Development Bank (AfDB) estimates only about 11.3% of trade in Africa is intra-regional, highlighting the need for easier movement of goods, services and people across borders. According to Africa Private Equity News, an industry information service, […]

Burkina Faso: The overall fiscal deficit widened sharply in 2017 to 7.7 percent of GDP, an unprecedented level for Burkina Faso where fiscal deficits in recent years have typically ranged from 2 to 4 percent of GDP

Burkina Faso’s economy expanded by more than 6 percent per year on average during 2016-2017, showing considerable resilience in the face of security and weather-related shocks. The fiscal deficit widened sharply in 2017 because of a substantial increase in spending, mainly on investment, but also on wages and salaries. The authorities are implementing economic reforms […]

International Monetary Fund Staff Conclude 2018 Discussions with the West African Economic and Monetary Union on Common Policies for Member Countries

Real GDP growth in the WAEMU is estimated above 6 percent in 2017 for the sixth consecutive year, despite adverse terms of trade shocks and security concerns. Convergence of WAEMU countries’ budget deficits of 3% of GDP by 2019 is crucial for ensuring macroeconomic stability and sustaining growth. An ambitious set of reforms to modernize […]

Wafacash and WorldRemit expand partnership to offer instant money transfers across West and Central Africa

 Morocco-based financial services company Wafacash (www.Wafacash.com) is scaling up operations with leading digital money transfer service WorldRemit (www.WorldRemit.com) to offer instant money transfers across West and Central Africa. The companies already work together in Morocco and Senegal, but will expand into Cameroon, Benin, Burkina Faso, Niger and Cote D’Ivoire before the end of the year. The new service will […]

THENERGY ANALYSIS: Solar-diesel and Wind-diesel Microgrids for Off-grid Mines Gain Momentum – New Projects Expected

Two recent project announcements show that renewables are an attractive solution for improving mining companies’ energy cost positions. Iamgold has announced it is adding a new 12.5 MW solar PV plant to its Essakane gold mine in Burkina Faso. The Canadian company has signed a power purchase agreement (PPA) with the French independent power producer […]

Cross-border collaboration in West Africa to be fostered at the Regional Energy Co-operation Summit

Regional Energy Co-operation Summit to discuss opportunities for cross-border power projects and investments across the West African region – Côte d’Ivoire, 26-27 January 2017. Under the theme unleashing international capital to drive forward West Africa’s regional integration. The event will host keynote addresses from Hon. Patrick Sendolo, Minister of Mines, Lands and Energy of the […]

IMF Executive Board Concludes 2016 Article IV Consultation with Burkina Faso

Economic activity started to rebound in 2016, after two years of weak growth On December 16, 2016, the Executive Board of the International Monetary Fund concluded the 2016 Article IV Consultation with Burkina Faso.[1] The Board also completed the sixth Review of Burkina Faso’s economic performance under a three-year program supported by the IMF’s Extended […]

Orange completes acquisition of mobile operator Airtel in Burkina Faso

Orange announces today that, together with its subsidiary Orange Côte d’Ivoire, it has completed the acquisition of 100% of the mobile operator Airtel in Burkina Faso. Since the signature of an agreement with Bharti Airtel International (Netherlands) BV (“Airtel”) in January 2016, Orange has obtained all the official approbations necessary to complete this transaction. Airtel […]

REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES)

Revitalisation of the Inter- African Coffee Organisation (IACO): Preparation of the 2017-2022 and Strategy and Institutional Review. Financing Agreement reference: 100000038 Project ID No: P-Z1-A00 017 The Inter African Coffee Organisation (IACO)[1] has received financing from the African Development Bank under The Nigerian Technical Cooperation Fund toward the cost of the study for Revitalization of […]

Annual Investment Meeting 2016 delegation head to Africa to tap FDI opportunities

AIM committee targets pan Africa FDI market, described as the fastest growing region globally, achieving 19-fold increase between 1990s and 2013 24 Gulf investors played a key role in the re-emergence of North Africa as a leading FDI destination in 2014, says EY report   Dubai, UAE, January 2016: At a time when the African […]

Cotecna expands reach into Africa with hybrid network from Orange Business Services

Satellite connects offices and clients in remote locations in Africa and globally Extension of secure M2M tracking and transit monitoring solution to Burkina Faso and Senegal Cotecna, one of the world’s leading international testing, inspection and certification companies has extended its hybrid network contract with Orange Business Services. The company, headquartered in Geneva, Switzerland, needed […]

RiskMap 2016: Excitement over “People Power” in Africa will not continue in 2016

People power witnessed in 2014 and 2015, for example in changes of government in Burkina Faso and Nigeria, will be proved limited in 2016. A combination of elections, constitutional pressures and financial difficulties will test governments across the region, including in Chad, Uganda, Congo (Brazzaville), Angola and South Africa. Incumbents will however retain their hold […]

RiskMap 2016: West African nations striving to escape the commodities downturn in an era of increasingly transnational security threats & issues

African governments will need to be resilient to withstand the electoral, constitutional and financial pressures that will test governments across the region in 2016. This is one of the key messages of RiskMap 2016, published today by global business risk consultancy Control Risks (www.ControlRisks.com). RiskMap highlights the most significant underlying trends in global risk and […]

Human Rights and Democracy Trends in Africa

WASHINGTON D.C., United States of America, December 10, 2015/APO (African Press Organization)/ — Remarks  Steven Feldstein Deputy Assistant Secretary, Bureau of Democracy, Human Rights, and Labor New York City Bar Association New York City December 7, 2015 I’m pleased to be here, I’d like to thank Elizabeth Barad and the New York Bar for inviting me […]

African producers call for curb on subsidies and open markets for cotton

WTO members discussed the trade policies in the cotton sector that may have contributed to falling prices and shifting market shares, when they met on 26 and 27 November. African cotton-producing countries welcomed the increased disbursement of financial assistance and called for swift reforms in cotton trade policies. Work on cotton in the WTO follows […]

Corruption on the rise in Africa poll as governments seen failing to stop it

Transparency International estimates 75 million Africans paid a bribe in the past year A majority of Africans say corruption has risen in the past 12 months and most governments are seen as failing in their duty to stop the abuse of power, bribery and secret deals, according to a new opinion poll from Transparency International […]