The closing of the Kiaka Transaction is subject to certain customary conditions, including completion of a transaction between WAF and GAMS-Mining F&I Ltd.
La Banque Africaine de Développement trace les grands axes du Document de stratégie-pays pour 2022-2026
Malgré la crise liée à la pandémie de Covid-19, les perspectives économiques restent favorables au Burkina Faso, selon la note de diagnostic-pays publiée le 13 septembre dernier par la Banque africaine de développement.
The African Infrastructure Investment Managers (AIIM), one of Africa’s infrastructure-focused private equity fund managers, has acquired a significant stake in Sodigaz, an LPG distributor based in Burkina Faso and Benin.
AfDB, partners unveil initiative to secure climate-resilient water and sanitation services in five African countries
AfDB, in partnership with the Nordic Development Fund and the Government of Denmark will roll-out a program to strengthen access to climate-resilient water and sanitation resources in Burkina Faso, Ethiopia, Mali, Niger and Somalia.
Les Ministres de l’énergie des pays du G5 sahel valident la feuille de route régionale de l’initiative Desert to Power
Les ministres de l’énergie des pays du G5 Sahel ont validé la feuille de route régionale de l’initiative Desert to Power, un projet emblématique d’accès à l’énergie durable promu par la Banque africaine de développement.
The United Nations World Food Programme (WFP) received $1.2 million from the Republic of Korea to provide humanitarian activities for food crisis in Ethiopia, Nigeria, Madagascar, South Sudan and Burkina Faso.
Orange a ainsi lancé une plateforme digitale exclusivement dédiée au gaming qui réunit aujourd’hui plus de 10 000 joueurs issus de plus de 15 pays.
Africa Business Communities speaks with Omar Coulibaly, Managing Director of InnoFaso, an agribusiness company based that was recently recognized by the UN as one of the 50 Best Small Businesses in the World in the Global Good Food for All competition.
InnoFaso est une entreprise agroalimentaire basée au Burkina Faso, récemment reconnue par l'ONU comme l'une des 50 meilleures petites entreprises au monde dans le cadre du concours mondial Good Food for All.
Mdxi-MainOne consolide sa position dans le developpement de l'écosystème numérique de l'Afrique de L'Ouest
MDXi, une entreprise de MainOne continue de consolider sa position de leader des data center en Afrique de l'Ouest avec le lancement de son nouveau data center à Appolonia City, au Ghana.
MDXi, a MainOne company, continues to consolidate its position as the leading Data Center Business across West Africa with the launch of its recent Data Center in Appolonia City, Ghana.
MyJouleBox, a solar distributor & operator, completed a €3 million Series A round aimed at strengthening its positions as a leading energy specialist in Benin and accelerate its expansion in Burkina Faso, Senegal and Togo.
The stakes in the two banks, which operate in Guinea and Burkina Faso respectively, are being acquired from BNP Paribas who is exiting these markets for operational reasons.
World Bank provides $470m to advance regional connectivity, economic opportunities in Burkina Faso, Niger and Togo
Burkina Faso, Niger, and Togo will get a $470 million boost from the World Bank’s International Development Association (IDA), for the ongoing efforts to improve regional connectivity, security, and socio-economic opportunity.
L’association Light On organise, jusqu’au 31 juillet prochain, avec le soutien du Groupe de la Banque africaine de développement et d’autres partenaires, le concours « Salon de l’énergie et du développement durable » (SEDD for Innovation).
World Bank appoints Clara Ana De Sousa as new Country Director for Mali, Burkina Faso, Chad, and Niger
The World bank has appointed Clara Ana De Sousa, a Mozambican national, as the new Country Director for the Sahel countries including Mali, Burkina Faso, Chad and Niger effective today. She will be based in Bamako, Mali.
The Euro 20 million agreement is part of the West Africa SMEs Program, a flagship program of ITFC aimed at improving access to finance for SMEs in the region by providing them, as well as partner banks, with credit and capacity building facilities.
World Bank approves $168m financing for solar energy production, rural electrification in Burkina Faso
The World Bank approved financing of $75 million from IDA and $93 million from the Clean Technology Fund via the Sustainable Renewables Risk Mitigation Initiative (SRMI), to help increase access to electricity in rural areas in Burkina Faso.
In a milestone for its pan-Africa mission, Africa Finance Corporation, one of the region’s biggest investors in infrastructure development, has announced that it has exceeded 30 member states, representing more than half the continent.
By 2025, a more optimal development of the enormous agricultural potential of the area in Burkina Faso will be possible thanks to the implementation of the Léraba Plain Development and Development Project (PAVAL).
The Islamic Development Bank (IsDB) and the Islamic Corporation for the Development of the Private Sector (ICD), have joined hands with the government of Burkina Faso to implement the BRAVE Women Project in the country.
This equipment delivery was followed by an interactive digital hygiene awareness workshop in Burkina Faso. These activities aim to contribute to the strengthening of cybersecurity and the fight against cybercrime in West Africa.
Businesses and entrepreneurs in Burkina Faso, Ethiopia, Kenya, Liberia, Mali, Mozambique, and Zimbabwe can apply for funding.
The Off-Grid Energy Access Fund of the Energy Inclusion Facility (EIF OGEF) closes the €2 million financing in favour of the French start-up Qotto.
The European Investment Bank has confirmed EUR 38.5 million of new financial and technical support to transform renewable power generation in Burkina Faso and better protect its capital city from future flooding.
Education Cannot Wait (ECW), together with the Government of Burkina Faso, UNICEF and Enfants du Monde, launched a new multi-year programme to provide education to over 800,000 children and adolescents in Burkina Faso.
The International Fund for Agricultural Development (IFAD) is partnering with FAO, WFP, the G5 Sahel and the Green Climate Fund to revitalize economic activities and food systems in the Group of Five Sahel countries, Burkina Faso, Chad, Mali, Mauritania and Niger, and in the Republic of Senegal.
Endeavour Mining and Teranga Gold have entered into a definitive agreement whereby Endeavour will acquire all of the issued and outstanding securities of Teranga by way of a Plan of Arrangement under the Canada Business Corporations Act.
The Ivorian government has reached an agreement with Chinese telecom operator Huawei to strengthen its ICT industry.
Islamic Development Bank approves $320.6m for development projects in Sierra Leone, Burkina Faso, Yemen and Indonesia
The Islamic Development Bank approved $320.56 million in financing to new development projects in water and sanitation, health, roads and women empowerment in Sierra Leone, Burkina Faso, Yemen and Indonesia.
Dutch development financier, FMO, announced the closing of its first loan to the microfinance sector of Burkina Faso, with the signing of €3 million loan facility to Alliance de Credit et d'Epargne pour la Production.
By 2021, Burkina Faso seeks to increase electricity access from 20 per cent to 80 per cent, as part of its National Plan for Economic and Social Development.
The Food and Agriculture Organization (FAO) and the World Food Programme (WFP) say urgent and sustained action is needed to address worsening food and nutrition insecurity in Burkina Faso, citing alarming new data.
The U.S. Government’s Millennium Challenge Corporation (MCC) and the Government of Burkina Faso signed a compact agreement to reduce poverty through economic growth in Burkina Faso.
For the 2020 crop year, the operational teams of Bolloré Transport & Logistics have processed 10,575 tonnes, or 940 TEU, of mangos via air and maritime transport.
Andersen Global has extended its West African expansion through a Collaboration Agreement with CFA Afrique, a tax and legal firm in Ouagadougou.
DHL Global Forwarding, an international provider of air, ocean and road freight solutions, has strengthened its leadership teams in Burkina Faso, Cote d'Ivoire, Senegal and Morocco with new country manager appointments.
FAO welcomed the decision by the Global Environment Facility Council to allocate a substantial $176 million to 24 of its projects that tackle the critical intersection between agriculture and environmental concerns.
Main One has been entrusted by the State of Burkina Faso, backed by the World Bank, to provide bulk connectivity services to a consortium of operators.
RADWIN has announced that Onatel - a service provider in Burkina Faso – has chosen RADWIN's JET DUO base station which supports both the 5.xGHz and 3.5GHz bands in a single enclosure.
The World Bank approved $273 million for Togo, Benin, Burkina Faso and Niger to facilitate access to services for millions of people through the West Africa Unique Identification for Regional Integration and Inclusion (WURI) Program.
Governments and development agencies need to give greater consideration to conflicting objectives of different types of smallholder farmers when promoting sustainable agricultural intensification in sub-Saharan Africa, IIED reports.
The United Nations World Food Programme welcomed an in-kind contribution of yellow split peas and fortified vegetable oil from the Russian Federation to provide food assistance to people affected by rising insecurity in Burkina Faso.
IFC signed an agreement with Burkina Faso’s Ministry of Energy to assess how private investment in energy storage can contribute to higher levels of solar power production while enhancing grid stability and dispatch issues.
The Director-General IRENA and the President of Burkina Faso met at the IRENA headquarters in Abu Dhabi and discussed opportunities for accelerated renewable energy deployment in Burkina Faso.
The Director-General of the OPEC Fund for International Development, the OPEC Fund, Dr Abdulhamid Alkhalifa has signed a $20 million development loan to help finance Burkina Faso’s Agricultural Value Chain Support Project.
The Director-General of the OPEC Fund for International Development, Dr Abdulhamid Alkhalifa has signed a US$20 million development loan to help finance Burkina Faso’s Agricultural Value Chain Support Project.
Saudi Fund for Development has partnered with the government of Burkina Faso to inaugurate a $130 million dam that is set to benefit 250,000 farmers with improved irrigation and land reclamation.
AfDB approves €48,82 million for Desert to Power Yeleen programme to increase solar generation in Burkina Faso
The African Development Bank (AfDB) has approved a €48,82 million loan to the Government of Burkina Faso for the Yeleen solar plant, intended to boost national power supply.
Global reforestation platform Tree-Nation is tackling climate change in four African countries, with projects set to regenerate local forests and provide employment for rural communities.
The United Nations Industrial Development Organization (UNIDO) will implement a project to eliminate mercury and improve the gold supply chain in the artisanal and small-scale gold mining (ASGM) sector in Burkina Faso.
Humanitarian agencies are setting up innovative climate risk insurance policies to protect up to 1.3 million people in West Africa from catastrophic drought.
Canadian-based gold mining and exploration Komet Resources Inc has entered into an agreement to sell all the issued and outstanding shares that it holds in the share capital of its subsidiaries in Burkina Faso.
Nexus Gold Corp has reported initial sampling results from the recently acquired, 100 per cent -owned, 98-sq km Dakouli 2 Gold Project.
Gold mining company Roxgold Inc.has announced completion of the Bagassi South Project in Burkina Faso under budget and on schedule.
Gold mining multinational Acacia Mining has signed a binding conditional agreement with its partner, Sarama Resources Ltd., to terminate the earn-in agreement for the South Houndé Project in south-western Burkina Faso.
The President of the European Commission, Jean-Claude Juncker, and the President of Burkina Faso, Roch Marc Christian Kaboré, have strengthened the cooperation and partnership between the two countries.
Burkinabe cashew processor Anatrans has welcomed social impact investor Oikocredit as a new shareholder, in a transaction that saw Dutch headquartered Oikocredit make a € 2 million investment in Anatrans.
The African Development Bank has approved the Africa Disaster Risks Financing (ADRiFi) Programme, the institution’s first climate risk management programme to boost resilience and response to climate shocks in regional member countries.
The Board of the Green Climate Fund (GCF) has approved funding for three proposals from the African Development Bank totaling over $110 million.
The General managers of SITARAIL, Quentin Gerard, the Ivorian Refining Company, Thomas Camara and the Burkinabe National Hydrocarbons Company, Hilaire Kabore, have signed an agreement to develop the supply and transport of petroleum products.
Teranga Gold Corporation has provided updated mineral resource estimate for its Wahgnion gold development project in Burkina Faso, West Africa.
IFC, a member of the World Bank Group, has announced a $60 million investment in a regional risk-sharing facility to support Bank of Africa Group’s lending to small and medium enterprises in eight African countries.
South America mining and exploration group Tajiri Resources Corp has expressed interest in acquiring 100 per cent stake in the advanced Reo Gold Project in Burkina Faso.
Millenium Challenge Corporation $8.8 million to advance progress on development of Burkina Faso Compact
The U.S. Government’s Millennium Challenge Corporation has announced $8.8 million in new funding to advance the development of a five-year MCC compact in Burkina Faso to reduce poverty through economic growth.
Telecommunication company Orange has expressed its desire to become a key player in the energy transition sector in Africa, by providing services directly to the general public or as a wholesaler to public operators.
The Executive Board of the International Monetary Fund has approved a new three-year arrangement under the Extended Credit Facility for Burkina Faso for $157.6 million.
[Burkina Faso] African Legal Support Facility trains WAEMU members in oil exploration and opportunities
The African Legal Support Facility (ALSF) organized two workshops in Ouagadougou, Burkina Faso, on best practices for managing oil and mining exploration and exploitation contracts.
IFC, a member of the World Bank Group, announced a €65 million financing facility with Société Burkinabè des Fibres Textiles (SOFITEX) to finance the 2017-2018 cotton campaign in Burkina Faso.
Acquisition of Afric Power and Tieri gives ENGIE strong local presence to accelerate its expansion in energy services in West and Central Africa
ENGIE has signed an agreement to acquire two companies specialising in energy services in West Africa.
Gold mining company Roxgold has received permitting approval to develop the Bagassi South Project from the Burkina Faso Ministry of Environment and Sustainable Development.
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group has signed a EUR 107 Million Murabaha Financing Agreement to finance Burkina Faso 2017/2018 Cotton Season.
Nestlé Burkina Faso, in partnership with the Mayor of Ouagadougou and the Burkinabé Pediatric Society have organised the first edition of the corporate fund raising sports event called "Race for Life," with the aim to purchase incubators for the newborns.
A new World Bank Group report titled The Geography of Welfare in Benin, Burkina Faso, Côte d’Ivoire and Togo explains the failure of the sub-region’s strong economic growth (above 5 percent, annually) to translate into benefits for the population.
Wafacash and WorldRemit expand partnership to offer instant money transfers across West and Central Africa
Morocco-based financial services company Wafacash is scaling up operations with leading digital money transfer service WorldRemit to offer instant money transfers across West and Central Africa.
United States Agency for International Development Administrator Mark Green has announced that the U.S. President's Malaria Initiative , led by USAID and implemented together with the U.S. Centers for Disease Control and Prevention, will launch new country programs.
The Ministry of Mines and Hydrocarbons, representing the Government of Equatorial Guinea, has signed an MOU with the Government of Burkina Faso to supply the West African country with LNG and build critical infrastructure to import, store and transport gas.
The African Sustainable Energy Fund managed by the African Development Bank has approve a grant of $1 million to Burkina Faso aimed at creating an enabling environment for private sector investment in energy, especially in mini-grids based on renewable energy.
Sitarail and the governments of Côte d'Ivoire and Burkina Faso sign agreement to modernize rail transport
The Governments of Côte d'Ivoire and Burkina Faso and SITARAIL have formally signed an agreement that will lift the last conditions precedent to the entry into force of the revised concession agreement for the management and operation of the concession
The World Bank has approved a $60 million International Development Association credit for Burkina Faso. Of the estimated 300,000 producers to benefit from the Livestock Sector Development Support Project, 30 percent are women and 20 percent are young people.
Total and Worldline partner with African Fintech InTouch to support deployment of Guichet Unique solutions in eight African countries
Total and Worldline have signed binding technological, commercial and financing agreements with African fintech InTouch.
A project targeting some 30,000 residents of located in Ouagadougou, the capital city of Burkina Faso are seeing the fruits of development initiatives resulting from a $100,000 Community Managed Fund project.
Bolloré Transport & Logistics has been appointed to coordinate and manage the construction of Burkina Faso’s 10th mine, where work began in July 2016.
SES announced that it has been selected to lead a project to extend high-speed communications infrastructure throughout Burkina Faso.
The International Islamic Trade Finance Corporation signs $450 million export financing agreement with Burkina Faso
The International Islamic Trade Finance Corporation has signed a three -year’s $ 450 million socioeconomic development framework agreement with the Government of Burkina Faso.
The technology group Wärtsilä will supply a 15 MWp solar PV power plant to Essakane Solar SAS in Burkina Faso. The solar PV plant will be built next to a 55 MW Wärtsilä power plant currently running on heavy fuel oil.
Orange, one of the world’s leading telecommunications operators, has announced the launch of its brand in Burkina Faso. Less than one year after the closing of the Group’s acquisition of Airtel, together with Orange Côte d’Ivoire, this announcement clearly demonstrates Orange’s ambitions for the West African market.