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 CONTENTS

1. BACKGROUND.. 2

2. POPULATION.. 2

2.1 Population figures. 2

2.2 Population growth rate. 2

2.3 Age structure. 2

2.4 Gender ratios. 2

2.5 Espérance de vie. 2

2.6 Ethnic Groups. 2

2.7 Language. 2

2.8 Religion. 2

2.9 Education. 2

2.10 Health. 2

3. ECONOMY.. 2

3.1 Recent economic indicators. 3

3.2 Annual Outlook. 4

3.3 Growth sectors. 4

3.4 Economic growth. 5

3.5 Inflation. 5

4. GOVERNMENT AND POLITICS. 5

4.1 Political Structure. 5

• AfDB (African Development Bank)6

• FAO (Food and Agriculture Organization of the United Nations)6

IOM (International Organization for Migration)6

IPU (Inter-Parliamentary Union)6

4.2 Political stability. 7

4.3 Election Watch. 7

4.4 International Relations. 7

5. TRANSPORT AND COMMUNICATIONS. 8

5.1 Roads. 8

5.2 Railways. 8

5.3 Harbour 8

5.4 Airports. 8

5.5telecommunications. 8

6. INVESTING IN BURKINA FASO.. 8

6.2 Conversion and Transfer Policies. 9

6. 3 Expropriation and Compensation. 9

6.4 Dispute Resolution. 9

6.5 Performance requirements and incentives. 9

6.6. No discrimination against 10

6.7 Property rights. 10

6.8 Rights and guarantees. 10

6.9 Regulatory transparency. 11

6.10  Efficient financial markets and portfolio investment11

6.11 Political stability. 11

6.12 Corruption. 12

6.13 Bilateral investment agreements. 12

6.14 Labour12

6.15  Foreign Trade Zones / Free Ports. 12

6.16 The main foreign investors. 12

6.17 Starting a Business. 13

7. SUMMARY OF COUNTRY RISK.. 14

7.1 Sovereign risk. 14

7.2 Currency risk. 14

7.3 risk in the banking sector 14

7.4 Political risk. 14

7.5 Risk of economic structure. 15

8. TRAVEL TO BURKINA FASO.. 15

8.1 airlines. 15

8.2 Visa. 15

8.3 Hotels. 16

8.4 Health - Preventions. 17

8.5 medical Services. 18

8.6 Calendar of cultural events. 18

8.7 Days off, public holidays. 19

8.8 Methods of payment19

9. ADDITIONAL INFORMATION.. 19


                                                       

1. BACKGROUND

 

Former French colony, the Upper Volta was created in 1919 and obtained its independence on 05 août1960. In August 4, 1984 it became Burkina Faso, which means "the land of upright men." Burkina Faso has had a turbulent political history characterized by alternating between states of emergency and constitutional regimes. With the adoption by referendum of the Constitution of June 2, 1991, Burkina Faso enters the era of democratization. Since then the Burkina Faso has a permanent stability and confirms its democratic statehood in West Africa. He participated with remarkable success in various mediations for peace and stability in the West African sub-region.

Since the early 90s, Burkina Faso is in a dynamic of reforms to liberalize the economy and to promote the private sector as the main actor of development. Burkina Faso is located in the heart of West Africa, with an area of 274,200 km ², its capital city is Ouagadougou and the official language is French the currency is the CFA Franc.

2. POPULATION

2.1 Population figures

In 2013, the population of Burkina Faso was 17.8 million people with a density of 64.9 inhabitants per km2.

The number of refugees residing in Burkina Faso is 50,000 (Malians) moved to the north of the country.

2.2 Population growth rate

3,07 % (2012).

2.3 Age structure

Burkina Faso (2012)

-          45.7% of the population is under 15 years

-          51.8% of the population is between 15 and 64 years,

-          2.5% is over 64 years.

 

2.4 Gender ratios

Men : 48%

Women : 52%

 

2.5 Espérance de vie

Life expectancy is 54.43 years in general

2.6 Ethnic Groups

Burkina Faso has more than 60 ethnic groups, the main ones are:

- Mossi 48.6%

- Fulani 7.8%

- Gourmantché 7%

- Bobo 6.8%

- Bissa - Samo 6.5%

- Gourounsi 6%

- Dagari-Lobi 4.3%

- Bwa (Bwamu) 3%

- Senufo-Marka-Dioula 2.2%

- Other 7.8%

 

 

In Burkina Faso also resides foreign community:

- Africans

- Europeans

- Arabic

2.7 Language

The official language is French.

The national languages are:

- Mooré

- Dioula

- Fulfuldé

 

2.8 Religion

The main religions practiced in Burkina Faso are:

- Islam: 60%

- Christianity: 23.2%

- The traditional religion: 15.3%

- Other religions: 0.6%

- No religion : 0.4%

2.9 Education

The gross enrollment rate increased from 77.6% in 2011 to 79.6% in 2012.

In the context of the MDGs Burkina Faso aims to achieve a literacy rate of 60% of the population in 2015.

2.10 Health

The health system in Burkina Faso is exercised in public and private health facilities such as hospitals, regional hospitals, health centers and social promotion. Burkina Faso has the build sub-regional referral hospital (University Hospital Blaise COMPOARE).

To promote the health sector the government of Burkina Faso has adopted a national health development plan and would like to implement a universal health insurance.

3. ECONOMY

 

Burkina Faso is a member of the West African Economic and Monetary Union which it houses the seat. He works for greater regional integration with a common external tariff and a more stable monetary policy.

The economic outlook for 2013 is favorable and the rate of projected growth is expected to be 6.7 % and beyond against 8.0 % in 2012. The continuing trend of growth is 6 to 8 % due to strong primary and tertiary sectors, which are the engines of economic sectors. The primary sector, driven by subsistence agriculture sub-sectors (11.0 % of GDP) and cash (3.5 % of GDP) and livestock (11.3 % of GDP), is the cornerstone of the economy. The above sub-sectors to print their own pace secondary and tertiary sectors. Also, the strong dependence on the primary sector to the weather is a source of weakness for the fundamentals of the economy. Gold production, the mainstay of the secondary sector experienced a sharp slowdown in 2012 (0.7 %) against a growth of 39.4 % in 2011. This is due to the delay in the operation of the gold mine of Bissa Gold. This tends to stabilize the output should be corrected from 2013, with the expected increase in production of at least 10.4 %. Inflationary pressures will be contained to 2.2 % in 2013, below the convergence of the Economic and Monetary Union of West Africa (UEMOA), against 3.6 % in 2012.

Burkina Faso is committed to an accelerated growth program. It intends to implement a new model of growth based on growth poles, including Bagré which represents the first of its kind. It comes to organize the exploitation of natural resources, particularly in the agricultural sector, by increasing the value chain of some promising sectors (livestock products, fruits and vegetables, shea butter, sesame) through the agribusiness to reduce the heavy dependence of the country duo consisting of gold and cotton.

 

3.1 Recent economic indicators

Share of major sectors in GDP in 2008:

 Agriculture : 34.1 %
 Industry : 26.5 %
 Services : 39.3 %

On the economic side, the government's efforts in the implementation of structural reforms are recognized and highlighted by development partners (public financial management, revenue mobilization, increasing the productivity of cotton sector, improving the business climate ) ... Burkina Faso has achieved a significant level of economic performance that deserves to be consolidated. The main economic reforms have focused on the liberalization of trade and prices, privatization of state-owned companies and the revision of the entire legislative and regulatory affairs through the adoption of measures at least 176 since 2005.

The strategies adopted by the government are:

 improving the legal environment for business and the establishment of a governance for private initiative,

 further withdrawal of the State,

 building capacity of enterprises,

 the development of private sector support   institutions,

 The development and strengthening of vocational training high-level

 Developing the potential of the agricultural, agro-industrial and livestock,

 The private sector funding,

 Infrastructure development,

 The incentive for the creation and preservation of jobs,

The development of the mining sector.

Burkina Faso has decided to promote private sector-induced growth. Government intervention in this framework has allowed the implementation of many reforms.

The evolution of the growth rate of GDP is as follows:

 

Growth rate of GDP

Economic data on Burkina Faso

Statistics

2008

2007

Basic Indicators

 

 

Growth rate of GDP (%)

4.2

3.6

Gross domestic product (U.S. $ million, current prices)

8,188

6,758

GDP per capita (current U.S. $)

538

457

GDP per capita (PPP)

1,215

 

Trade balance (% of GDP)

-9.6

-8.8

Exports (f.o.b)

8.5

9.1

Imports (f.o.b)

18.1

18.0

Total revenue and grants (% of GDP)

19.9

20.1

Tax revenue (% of GDP)

12.3

12.5

Grants (% of GDP)

6.5

6.5

Total expenditure and net lending (% of GDP)

26.3

25.8

Total expenditure and net lending (USD million)

215,378

174,211

Current expenditure (% of GDP)

14.0

13.9

Salaries (% of GDP)

5.5

5.8

Interest on public debt (% of GDP)

0.5

0.4

Inflation (%)

9.3

-0.2

Exchange rate (local currency / USD)

452.8

479.2

Money (billions local currency)

893.0

 

Money supply (% of GDP)

25.2

 

Exchange reserves, excluding gold. At year-end (million USD)

980.6

 

       

 

 

3.2 Annual Outlook

Economic growth

(% unless otherwise indicated)

 

2012

2013

2014

US GDP

2.8

1.6

2.6

OECD GDP

1.5

1.2

2.1

World GDP

2.2

2.0

2.7

World trade

2.4

3.7

5.2

Source: The Economist Intelligence Unit

 

Inflation indicators

(% unless otherwise indicated)

 

2015

2016

2017

US CPI

2.2

2.3

2.3

OECD CPI

2.2

2.3

2.1

Manufactures (measured in US$)

1.2

1.8

1.9

Oil (Brent; US$/b)

107.3

103.8

97.0

Non-oil commodities (measured in US$)

0.7

1.4

3.0

Source: The Economist Intelligence Unit

 

Financial variables

(% unless otherwise indicated)

 

2015

2016

2017

US$ 3-month commercial paper rate (av; %)

0.3

1.2

2.2

¥ 3-month money-market rate (av; %)

0.4

0.9

1.3

¥:US$ (av)

103.0

102.0

101.0

Rmb:US$ (av)

6.13

6.07

6.03

Source: The Economist Intelligence Unit

 

 

3.3 Growth sectors

Agribusiness

The first sector is agriculture, which accounts for 16.9% of GDP and 80% of the workforce. Besides cotton (2° producer in Africa), the sorghum, millet, corn, peanuts, rice make the farming areas live. Livestock, meanwhile, represents 25% of revenue from exports.

 

Bagré pole

Located 240 kms from the capital, the development zone Bagré hosts the first growth pole in agro-industrial vocation of the African continent. With the largest hydroelectric dam in Burkina Faso, 1.7 billion cubic meters and a capacity of 16 MW, Bagré has, now, more than 30,000 ha secured convertible. The area is also open on the borders with Togo, Ghana, Benin and provides considerable opportunities of various investments.

 

 

 

 

 

 

 

 

 

 

 

Bagré has become an important eco-tourism potential. All these elements and can create favorable conditions for productive investment and therefore great interest to businessmen.

 

Energy

Following the liberalization of the sector, there are many opportunities:

 Energy production, including through formulas types BOT (Build - Operate and Transfer).

 Private investors expected in the production of electricity by any formula in the context of Public-Private Partnership.

 Construction and operation of solar power plants of medium and large production capacity.

 Construction and operation of thermal power plants.

Installing units of production or assembly of PV modules.

 

 

Digital Economy

Priority actions in 2013 the sectors are:

        Installation of fiber optic network on the national territory.

        Operating from 2016-2017 the "backbone" national.

        Creation of a science park to promote the development of friendly services to telecommunications / ICTs, the widespread use of ICT in all socio-economic sectors (government, education, health, trade, rural...).

        Launch of various tenders for building technical platforms RESINA (National Computer Network Administration).

        Cyber sectoral strategies (e-governance, e-health, e-education) to the image of the e-cabinet platform, to enhance the effectiveness of different sectors.

 

Mining

The mining area is open to free enterprise. Any mining activity on any part of the Burkinabe national territory is subject to the prior issuance of mining permits by the competent authorities. The acquisition of mining rights will be on the basis of clear, simple and transparent procedures. A technical and financial conditions being equal, the principle of  "first come, first served" will be used.

The holders of mining rights are required to submit and comply with a plan to protect and manage the environment.

Any transaction relating to the mining title is free, subject to the prior approval of the Minister of Mines; it is notified to the tax authorities.

Tenements are assignable and transferable without constraints with a minimum of formalities and subject to compliance in this area.

The State reaffirms the principle of the free participation not exceeding 10 % of mining companies.

Research and exploitation of mineral resources conducted by large, medium and small businesses is mobilizing the Burkinabe capital or abroad are encouraged by the government without any discrimination.

The exploration license confers an exclusive right to all minerals concessible requested and lying within the boundaries it defines.

Upon discovery of a mineable deposit, the exploration license at full line of exclusive use subject to compliance thereto license.

Research activities and operations are subject to payment of various fees, such as taxes, fees and charges.

 

3.4 Economic growth

A report on the evaluation of economic performance over the period 2007-2012 published by the International Monetary Fund ( IMF) August 20, 2013 , indicates that the Burkina Faso realize , since 2007, economic growth "above regional standards " reaching 5.3 % per year. This report is a document established by independent experts and is a true source of information on development programs in Burkina Faso. Indeed, according to the IMF in recent years, the country of honest men became a potential exporter of gold compared to other sub-Saharan countries and the volume of its exports.

 

Gold production increased from 754 kg in 2007 to 30.2 tons in 2012. The report highlights that growth applies to all sectors, and that inflation is at an average level of 3%, a rate that is in full compliance with the convergence criteria of the WAEMU.

 

 

Also under these performances, the IMF decided in agreement with the World Bank, to lessen the risk of debt distress Burkina Faso, because according to the document, " the rating change could provide greater flexibility in terms of borrowing conditions in the current system of debt ceiling set by the IMF and the World Bank. "

 

3.5 Inflation

The inflation rate in Burkina Faso was -0.70% in August 2013 (reported by the Central Bank of West African States (BCEAO) rate). The average inflation rate from 2000 to 2013 is 2.73%, reaching a record level of 15.10% in June 2008 and a record low of -2.70% in June 2004.

 

4. GOVERNMENT AND POLITICS

Burkina Faso's national context is marked by political stability with the proper functioning of republican institutions.

 

4.1 Political Structure

Official name

Burkina Faso

Form of government

republic

legal system

The legal system is based on the Napoleonic Code and the Constitution of 11 June 1991.

national legislature

National Assembly with 127 members elected for five years by universal suffrage.

Head of State

The Head of State is the President, elected by universal suffrage for a term of five years, renewable once.

National elections

The last presidential elections were held on 21 November 2010.

The last parliamentary and municipal elections took place on 02 December 2012.

The next presidential election will be in 2015.

 

The national government

President of Burkina Faso is the president of the Council of Ministers.

 

The main political parties

- Congress for Democracy you Progress (CDP)

- The Union for Progress and Change (UPC)

- The Alliance for Democracy and Federation - African Democratic Rally (ADF GDR).

 

The government after the 2012 parliamentary elections

• President Blaise Compaore

• Prime Minister Luc Adolphe Tiao

• Minister of State, Minister for Relations with Institutions and Policy Reforms: Bongnessan Arsene YE.

 

Minister of State, Minister of Mission to the President of Burkina Faso : Assimi KOUANDA

• Minister of State , Minister of Foreign Affairs and Regional Cooperation : Yipènè Djibril BASSOLE

• Minister of Economy and Finance: Lucien Marie Noël BEMBAMBA

• Minister of Territorial Administration and Security : Jerome BOUGOUMA

• Minister of Justice and Keeper of the Seals : Dramane YAMEOGO

• Minister of Agriculture and Food Security: Mahama ZOUNGRANA

• Minister of Mines and Energy : Lamoussa Salif KABORE

• Minister of Industry, Trade and Handicrafts : Patiendé Arthur KAFANDO

• Minister of Communication , government spokesman Alain Edouard Traore

• Minister of Promotion of Women : Nestorine Sangare COMPAORE

• Minister of Culture and Tourism : Baba Hama

• Minister of Infrastructure, Transport and opening Jean Bertin Ouedraogo

• Minister of Health : Lene SEBGO

• Minister of Housing and Urban Development : Yacouba BARRY

• Minister of Secondary and Higher Education : Moussa Ouattara .

• Minister of Education and Literacy Koumba Boly Barry

• Minister of Public Service , Labour and Social Security : Vincent Zakane

• Minister of Scientific Research and Innovation : Gnissa Isaiah KONATE

• Minister of Environment and Sustainable Development : Salif Ouedraogo

• Minister of Youth , vocational training and employment : Basga Emile Dialla

• Minister of Animal Resources: Jeremy Ouedraogo Tinga

• Minister of Water, Water and Sanitation Facilities:   

   Mamouna Belem / Ouedraogo

• Minister of Development of the digital economy

   and jobs : Jean Koulidiati

• Minister of Sport and Recreation: Yacouba

  Ouedraogo

• Minister of Social Action and National Solidarity:

  Alain Zoubga

• Minister of Human Rights and Civic Promotion:

   Prudence Julie MNK NIGNAN / SOMDA

• Minister of Planning and decentralization:

  Toussaint Abel Coulibaly

   Ministers delegates:

• Minister Delegate to the Minister of Economy and

   Finance for the Budget: Clotilde KI / NIKIEMA

• Minister Delegate to the Minister of Foreign

   Affairs and Regional Cooperation for Regional

   Cooperation: Thomas PALE

• Minister Delegate to the Minister of National

   Education and Literacy, in charge of Literacy:

   Amadou Dicko Diemdioda

• Minister Delegate to the Minister of Infrastructure

   of Opening up and Transportation for Transport:

    Baba DIEME

 

 

International organisations in which Burkina Faso

• ACP (Group of African, Caribbean and Pacific)

AfDB(African Development Bank)

• AU (African Union)

• ECOWAS (The Economic Community of West   

   African States)

FAO (Food and Agriculture Organization of the United Nations)

• IAEA (International Atomic Energy Agency)

• ICAO (International Civil Aviation Organization)

• CCI (International Chamber of Commerce)

•IDA (International Development Association)

• IDB (Islamic Development Bank)

•IFAD (International Fund for Agricultural 

  Development)

IFC (International Finance Corporation)

• IFRCS (International Federation of Red Cross and  

   Red Crescent Societies

ILO (International Labour Organization)

• IMF (International Monetary Fund)

•IMSO (International Mobile Satellite organization)

• Interpol

IOC (International Olympic Committee)

IOM (International Organization for Migration)

 IPU (Inter-Parliamentary Union)

• ITSO (International Telecommunications Satellite  

  Organization)

ITU (International Telecommunication Union)

• ITUC (International Trade Union Confederation)

•MIGA(Multilateral Investment Guarantee Agency)

• MONUSCO (Mission of the United Nations Stabilization Mission in the Democratic Republic of Congo)

• OIC (Organization of Islamic Cooperation)

•OIF(Organisation internationale de la 

  Francophonie)

• OPCW (Organization for the Prohibition of  

  Chemical Weapons)

• UN (United Nations)

• UNAMID (African Union United Nations Mission  

   in Darfur)

• UNCTAD (United Nations Conference on Trade  

   and Development)

• UNESCO (United Nations Educational, Scientific 

   and Cultural Organization)

4.2 Political stability

Burkina Faso is unique because of its favorable global macro policy framework characterized by the existence of an advanced political governance, the quality is reflected in terms of political and institutional stability, social cohesion, peace and security, and terms of continuous expansion of spaces of freedom.

  Political and institutional stability in the country for almost more than two decades, is characterized by:

• the effective rule of law Republican existence ;

• the existence of a multiparty democracy

• the separation of powers (executive, legislative and judicial) .

The country is currently experiencing the longest period of political and institutional stability in its history, marked by a constant quest to improve the democratic process, and especially the seamless organization:

• presidential elections in 1991 , 1998, 2005 and   

   2010 ;

• legislative elections in 1992, 1997 , 2002, 2007

  and 2012

• municipal elections in 1995, 2000 , 2006 and

   2012.

With its political and institutional stability recognized, Burkina Faso actively involved in various initiatives in international security and restore peace. It plays an intermediary role in the search for solutions in the sub-regional conflicts.

Peace, security and social cohesion: The Burkina Faso is characterized by the attachment of the highest authorities and community and religious leaders to the preservation of peace and the search for consensus and conciliation. There is not in Burkina Faso ethnic or religious conflicts. Social cohesion has its source in the culture of tolerance and solidarity of the people of Burkina Faso.

The free movement of people and goods is guaranteed to Burkina Faso. She is currently a recognized reality. The Economic Community of West African States (ECOWAS) has also rewarded Burkina Faso October 8, 2010, for his efforts in "rigorous" application of ECOWAS agreements on the free movement of persons and property. «Indeed, she acknowledged that Burkina has made the elimination of harassment at borders (including illegal taxes), the limitation of checkpoints and effective maintenance of its roads to ensure the safety of all residents of the community.

In addition , the country has an efficient security system that guarantees especially private foreign investors , a reassuring environment in which they can grow without fear, uncertainty and move safely.

In order to strengthen democracy and political governance, Burkina gradually implemented many democratic institutions and advisory bodies. These are mainly:

   The National Assembly;

   The Judiciary, the guarantor of individual and collective freedoms:

   The Constitutional Council

• The Supreme Court

• The State Council

• The Court of Auditors;

   The Superior Council of Magistracy

   The Higher Council for Communication (CSC)

   The Independent National Electoral Commission  

   (CENI);

The Ombudsman of Burkina Faso, graceful body intercessor between the government and the governed;

   The Economic and Social Council (CES).

 

4.3 Election Watch

Congress for Democracy and Progress (CDP) President Blaise Compaore won a majority of parliamentary seats (70 /127) in the parliamentary elections of 2 December 2012.

The main rivals of the CDP, the Union for Progress and Change (UPC) party, led by Zephirin Diabré, won 19 seats, and the Alliance for Democracy and Federation African Democratic Rally ( ADF-RDA ) won 18. The participation rate was 45.6 percent and the observers reported a largely free and fair election.

Changes to the constitution in 2000 indicate that the President of Burkina Faso is elected for five years by direct universal suffrage, equal and secret and is re-elected once.

 

4.4 International Relations

Since his accession to the presidency, President Blaise Compaoré is constantly working to create a society of justice, progress and solidarity. A battle that finds its extension in Burkina Faso relations with the world, with diplomacy that wants to wear the universal values of peace and solidarity and promote multilateralism, as a collective response to the problems of humanity.

Burkina Faso and the work to make its voice heard on all major international issues. It is through this option, instead of consolidating the countries in Africa and around the world to contribute to regional and continental integration and to promote peace and global security.

5. TRANSPORT AND COMMUNICATIONS

5.1 Roads

The road network is well developed in Burkina Faso and the main roads are paved. Therefore, the bus has become the most efficient means of transport. Many private companies have emerged (TCV, STAFF, Rakieta ...) and each has their network, their rates and bus stations. In comparison, the bush taxi is more expensive, less comfortable and without warranty of schedule.

 

5.2 Railways

The railway network has a single line that connects Ouagadougou to Abidjan via Bobo-Dioulasso in 24 hours. Since September 1995 the line is operated by a private consortium, Sitarail composed mostly Bolloré and Maersk (both present in maritime affairs)

 

5.3 Harbour

Burkina Faso is a landlocked country. But it has access to the ports of the West African coast:

- Port of Abidjan (Côte d'Ivoire): Rail and road     

   access

- Port of Lomé (Togo): By Road

-Port of Tema (Ghana): By Road

-Port of Takoradi (Ghana): By Road

- Port of Cotonou (Benin): By Road

5.4 Airports

Burkina Faso has two international airports namely those of Ouagadougou and Bobo-Dioulasso. The Ouagadougou airport receives weekly over 34 flights operated by Air Burkina, Air France, Air Ivoire, Royal Air Morocco, Algeria Air Afriqiyah, Ethiopian Airline's and Antrak Air (Ghana).

 

The country has at least fifteen airfields scattered inside the country.

 

The government of Burkina Faso has also launched the construction of a new airport, located 35 km from

Ouagadougou which aims to:

- Better meet the international standards of safety and security;

- Improving the competitiveness of the airport platform Ouagadougou;

- Strengthen the opening of Burkina Faso;

 

 

- participate in the development of the city of Ouagadougou and enable efficient service of the country and the sub-region.

5.5telecommunications

The telecommunications sector in Burkina Faso is represented by three operators the ONATEL (Office National des Telecommunications) that is a national company which operates in the field of fixed networks and mobile telephony through its subsidiary is TELMOB. AIRTEL TELECEL which are private operators involved exclusively in the field of mobile telephony in recent years.

 

 

 

6. INVESTING IN BURKINA FASO

 

Burkina Faso has an investment code governing the sector. With an affordable labor force, a political, social and economic peaceful environment, an effective banking and tourism system, the Burkina Faso gives good reasons to invest.

The Burkina Faso offers tremendous investment opportunities to the international business actors in general and private investment in particular. For the enhancement of these opportunities, Burkina Faso adopted a new development policy to make agriculture, agro-industry, human resource, the mining, services and other activities, the essential pillars of its growth developed around urban centers or localities with high specific potential growth poles and competitiveness, including:

- dominant agro-pastoral pole;

- dominant industrial and technological  pole;

- dominant  services pole;

- dominant mining pole;

- Centers of competence based on high-quality        

    human resources.

 

The Burkina Faso began a revolution in favor of private investment, relying on two main vectors for support in terms of economic policies and strategies. This is our first choice of growth poles integrated approach as a means of organizing the production of goods and services.

 

6.1 Openness to Foreign Investment

The Burkina Faso offers to all foreign investors but mainly to those who are more conclusive an opportunity to invest in a number of potential areas.

With the existence of a sustainable macroeconomic framework cleaned and a very advanced political governance.

 

Burkina Faso has a political and an institutional stability guarantee of a good economic development. For this he has a Presidential Investment Council composed of 30 members designated intuitu personae and coming from the domestic private sector, foreign private sector operating in Burkina Faso and members from companies and transnational institutions. The Board's mission is to organize the discussion and make recommendations on matters relating to the promotion and development of domestic and foreign private investment.

The Centre for Business Formalities (CEFORE) single passage for businesses that need to do the paperwork necessary for the creation, extension or resumption of corporations, sole proprietorships or secondary business. The CEFORE mission is to support the creation of businesses, facilitate and simplify the process of promoter with different administrations.

 

Chartered Management Centres (CGA) in Ouagadougou and Bobo-Dioulasso provide an accounting and tax assistance; provide training for members on modern and appropriate methods for the organization and management of their businesses.

 

The Burkina Faso is filled of deposits investment opportunities, for that, it has devoted an attractive incentive scheme for investment:

- Establishment of a legal and institutional    

  framework for integrated investment

- Promotion of FDI strategy

- Strengthening of the security of investments

- Monitoring of the implementation of reforms

 

Notable successes have been achieved in terms of facilitation of state / private sector dialogue and in terms of improving the business environment.

These reforms have strengthened the liberalization of the economy and smoother relations between the state and the private sector.

 

6.2 Conversion and Transfer Policies

 

The CFA franc of the African financial community is the currency used in Burkina Faso, in all WAEMU and in seven other countries in Central Africa Economic and Monetary Community of Central Africa (CEMAC XAF). Each currency union has its own central bank. The CFA is pegged to the Euro 1 Euro = 655.957 CFA. Through banks vending machine can easily withdraw money in Burkina Faso. There are also companies reliable transfers to thin the area of money transfer.

 

6. 3 Expropriation and Compensation

The issue of the access to land still meets a large focus of government efforts. A series of measures on the declaration and registration of land ownership were enacted. The government has passed a law on rural land tenure, after a long participatory process initiated after the adoption of the policy of land tenure in rural areas in 2007. A single point was established in Ouagadougou in May 2009 and the Directorate General of Taxation has established in each capital of province tax division responsible for administering the Land Registry. Despite these advances, the lack of title to almost all farmers, mostly small-scale farmers, and the lack of a coherent policy of compensation for expropriation continue to hinder the improvement of the climate of the investment.

6.4 Dispute Resolution

It is possible to resolve any disputes that may arise amicably, by court or by arbitration. Note that the Arbitration Center of Mediation and Conciliation of Ouagadougou (CAMC-O) provides economic operators with an appropriate framework to settle their disputes in preserving the integrity of business relationships. Its implementation builds trust between Burkinabe economic operators and their foreign partners and also helps to relieve the state courts.

 

6.5 Performance requirements and incentives.

"The business climate improvement Program ", focuses on the simplification of delivery "business license" and the implementation of the revised Organization for the Harmonization of Business Law in action (OHADA).

A committee of economic reforms on the business climate (CERCA) was established at the Prime Ministry to support the process.

All this has led to a renewed interest among private investors in our country. And the success of the international conference on financing SCADD held in Paris and Africalia held from 22 to 24 February 2012 in Ouagadougou, are strong evidence edifying.

In the field of industrial promotion, and as Prime Minister Luc Adolphe Tiao "80 investors received permission to set up industrial units which generate about 1,833 permanent jobs. In addition, 72 cases were treated for granting approvals under the Investment Code, with the prospect of creating 4,190 permanent jobs. "

To make an industry sector jobs and a growth creation, the authorities conducted reorganization and expansion and servicing industrial areas. Therefore, the State has identified a budget of 1.5 billion CFA francs for the development of 300 hectares and 192 hectares in Ouagadougou to Bobo- Dioulasso. In his speech on the state of the Nation , delivered on March 29, 2012 before the deputies , Luc Adolphe Tiao said that " the promotion of foreign trade, in addition to our participation in multilateral and regional negotiations , our country held 1 room of cotton and derivatives in Ouagadougou from 21 to 25 September 2011 , in collaboration with the Organization of Islamic Cooperation and participated in the 10th session of the AGOA forum 2011 which was held on 9 and 10 June 2011 in Lusaka, Zambia . " In addition to these attractive conditions Burkina Faso has, for over twenty years, returned to democracy. Anything whose consequences are political stability strong symbol that attracts investors.

 

6.6. No discrimination against

Foreign investors have the same rights and duties as national investors.

 

6.7 Property rights

In its ongoing quest for ways and means to improve the security of investors and their investments, Burkina Faso has signed investment protection agreements with several countries.

 

The purpose of these agreements is to promote and protect foreign investment, and create a legal framework that defines the conditions of the promotion and protection of investments made by investors who are nationals of a country party to the Convention. These agreements provide for the protection of certain fundamental rights of investors.

6.8 Rights and guarantees

In order to reassure investors and their investments, the provisions of common law include:

 

   The ability to acquire the rights of any useful kind to their activities including:

• Property rights, land, forest, industrial;

• Concessions;

• The administrative permits and authorizations;

• The participation in public procurement.

• The application of non-discriminatory measures of law or fact in the field of legislation and regulations that apply to them regardless of their nationality;

• The guarantee of acquired rights of any kind.

•Free administration of his business by any investor: Under the laws and regulations are guaranteed to individuals and businesses regularly established including:

• the right to freely dispose of their property and to organize as they wish their business;

• the freedom to hire, freedom of employment and dismissal;

• free choice of suppliers and service providers;

• commercial freedom;

• free access to sources of raw materials;

• Free movement inside the Burkina Faso of raw materials, consumables, finished and semi-finished products and spare parts.

 

The right to equal protection Foreign companies enjoy the same protection as Burkinabe enterprises, regarding commercial property and intellectual property.

   The right to transfer capital and income of the banking regulations Burkina Faso (after that of the Central Bank of West African States (BCEAO) on investments and loans) provides that securities transactions securities, including options contracts and investment funds, in essence, all inflows in the EU are free, except the import of gold.

 

This right is guaranteed :

• physical and legal entities engaged in Burkina funded by a contribution of foreign investment;

• Foreign persons who are employed in a Burkinabe company . These employees have the right , in accordance with the regulations relating to foreign exchange , transfer their salaries ;

• expatriate staff of the holder of a mining title or beneficiary of an operating license residing in Burkina Faso . The right to free conversion and free transfer to their country of origin of all or part of the amounts that are paid or payable , including social security contributions and pension funds is guaranteed expatriate staff .

  Freedom Foreign exchange outflows in respect of repayment of loans, liquidation of foreign investments and purchases of option contracts are free. All current payments to abroad are allowed as general. In particular are guaranteed:

• the free transfer abroad of the proceeds from the liquidation of investments by non-residents;

• free transfer of profits , dividends, in the ordinary course of business ;

• permission to open foreign currency accounts in the name of non-residents;

the possibility of entering into option contracts in foreign markets and gold .

• proceed freely regulations thereunder ;

• authorization , as a general , purchase by residents of foreign securities which the issue or the sale will have been accepted by the Regional Council for Public Savings and Financial Markets .

  The right to receive an incentive customs regime : The raw materials for the industrial units located in Burkina Faso are admitted to Class I of the Customs Tariff rate of 5%. In addition, any company that performs in Burkina Faso productive investments ( the production, conservation , processing of raw materials into finished or semi finished products, services) can benefit from a bonded warehouse in accordance with Customs Code.

  The rights enshrined in the conventions In its efforts to improve security and the protection of fundamental rights of investors , Burkina Faso has joined the main treaty guarantees and protection (MIGA , ICSID , UNCITRAL , ICC, CCJA of OHADA , EITI ... ) and signed a number of bilateral and multilateral agreements on investment protection with several countries. These treaties and conventions spend :

• investment guarantees against political risk or non-commercial risks, including risks:

• expropriation, nationalization, war, social unrest;

• political interference impeding the enforcement of commercial contracts ...

• the right to use freely and international mechanisms for dispute resolution

6.9 Regulatory transparency

The theoretical framework favorable opening to FDI, the political will , judging by Burkina international commitments, and the determination to go for integration within the sub-regional groups (WAEMU , ECOWAS) have significantly reduced risks.

Indeed, Burkina Faso has adopted more than 176 reform measures to improve the investment climate. These reforms have led to significant advances in securing investors and raised the Burkina Faso among the top 10 reformers in the world according to Doing Business 2009, World champion in terms of deregulation of the labor market, with an undisputed leadership among the UEMOA and OHADA space for three years. These efforts have brought the country to obtain the encouragement of the World Bank in 2007 prices for the progress in the implementation of reforms to improve the business climate. Continuous improvement of the macroeconomic framework is linked to:

- The political will of the highest authorities of the country, mainly the President of Burkina Faso, to boost investment and growth;

- At the macro economic framework permanently cleaned (high GDP growth over the past decade, with inflation under control, monetary stability ensured by the fixed parity of the CFA franc against the euro and membership of an Economic and Monetary Union (UEMOA);

- The option clearly displayed for a liberal economy that has led to the liberalization of trade and prices;

- The revision of the entire legislative and regulatory affairs device;

- The adoption of a labor code guarantees freedom of hiring, employment and dismissal;

- Revision of the Investment Code in 2010 to make it more attractive;

- The existence of a very attractive mining code;

- The existence of economic infrastructure of good quality, especially the existence of an international road network good level, together with an effective system of international transit, making Burkina crossroads of trade in WAEMU countries and ECOWAS;

 

- Adherence to Burkina OHADA since 1998 with the aim of resolving the legal and judicial insecurity;

- The implementation of the program Doing Business Better in Burkina Faso;

- The creation or strengthening of support agencies to the private sector.

 

6.10  Efficient financial markets and portfolio investment

 

The attractiveness of Burkina is built on the global competitiveness of its economy from the monetary adjustment of the CFA franc , the improvement of the environment , rehabilitation of the banking system , the creation of a favorable legal climate in the context of sub-regional market integrated and harmonized . On the economic front, the government's efforts in the implementation of structural reforms are recognized and highlighted by development partners (public financial management, revenue mobilization, increasing the productivity of cotton sector, improving the investment climate). These efforts have enabled Burkina Faso to reach a significant level of economic performance. The country has become attractive due to strong and sustainable growth and investment environment in perpetual improvement. Burkina Faso's financial system depends heavily on the banking sector. Banks are generally well capitalized. Infrastructure development continues to be a priority of government Burkina Faso. The strategy of accelerated growth and sustainable development by developing SCADD Burkinabe authorities represents the unifying framework for all sectoral policies for economic growth.

 

6.11 Political stability

Decentralization is a reality in Burkina Faso. Political life is marked by a multiparty system. The party of President Compaore has a majority in the National Assembly. The current policy covers the establishment of the senate. This policy objective not yet acquired the support of all political actors and civil society. These last two years have been marked by incidents of lesser scope relating to trade union and student fight requires better conditions of life and work. The municipal elections and coupled the 2 December 2012 have redrawn the political map of the country. The Union for Progress and Change (UPC), a young political party that participated for the first time in elections, became the second political force. Congress for Democracy and Progress (CDP) , the ruling party , confirmed his supremacy over the political spectrum , with 70 members out of a total of 127 (55 , 1% of the seats). This dominance is also reflected at the municipal level. The political and social climate is marked by tensions, the establishment of the Senate including having divided the Burkinabe political class. Discussions are held with different social strata, religious communities to preserve social peace.

6.12 Corruption

Corruption still appears as the major obstacle to the harmonious development of Burkina Faso. Known to all, yet the phenomenon persists. And even continues to do many evils in society. Corruption leads to increased government spending, reduced tax revenues, misallocation of public resources, it produces a repulsive effect on investors, the removal of economic competition, higher benefit costs and supplies and worsens the country's debt, its negative impact on tourism. Burkina Faso has authorized government agencies to fight against corruption and fraud. If the REN-LAC, the Court of Auditors.

6.13 Bilateral investment agreements

Bilateral Agreements

Agreement with the Kingdom of the Netherlands, the Republic of Guinea, the Federal Islamic Republic of Comoros, Benin, Malaysia, China, Belgium, Ghana, Mauritania, the Federal Republic of Germany, France Tunisia QATAR Republic of Korea, Morocco, Luxembourg, Kampala (Uganda).

 

Tax conventions:

France-Burkina Convention

WAEMU Tax Convention

6.14 Labour

In the exercise of their professional activities, employers and foreign workers are subject to the laws and regulations Burkina Faso. They can be part of professional advocacy organizations in the framework of laws and regulations Burkina Faso. They must comply with health and safety rules and standards set by the laws in force. Relations between employers and employees are governed by the Labour Code

 

6.15  Foreign Trade Zones / Free Ports

The President of Faso inaugurated the dry port in 2010 in Bobo-Dioulasso the second city of Burkina Faso and is located 360 km. The dry Bobo-Dioulasso port, the second city of Burkina Faso has achieved 64.4 billion CFA francs in 2012 customs revenue exploitation of multimodal platform located on the Abidjan-Ouagadougou railway has allowed the ICC-BF of 'rake 646.1 million CFA francs in 2012, against 332 million CFA francs in 2010, the opening of the dry port. The total traffic increased by 244 500 to 407 200 tonnes in the same period. The freight passing through this platform involves several roads leading in Côte d'Ivoire, Mali, Niger and Ghana. The dry port is a multimodal platform of 15 hectares which includes a store under a customs area of 2550 m2, a duty free shop with an area of 2625 m2, a median Bonded 36,500 m2 can accommodate nearly 270 trucks. Another embankment with an area of 16,000 m2 which can accommodate 102 trucks is reserved for traffic in transit. The third median, with an area of 8000 m2, can accommodate 48 trucks. The platform has mainly a container terminal of 15,000 m2. The port is expected in the next few years, the completion of the second phase of the dry port, which is the free port (area not subject to customs duties).

6.16 The main foreign investors

The Burkina Faso encourages Foreign Direct Investment (FDI) and provides legal and tax benefits such as the possibility for foreign companies to own 100% of the shares of a local company. However, investments in sectors such as mining, telecommunications, financial services and electricity are subject to regulation.

Important reforms are underway to facilitate the return of investors in the country. Burkina Faso is eligible for the grant Millennium Challenge Account (funded by the U.S. government), which may increase investment in human capital of the country.

The country has a strong economy to trade and infrastructure are satisfactory. However, the geographical location (no access to the sea), the lack of natural resources and a weak industrial brakes are important for investors. Finally, the business climate is of poor quality, the country is ranked 150th by the Doing Business 2012 ranking of the World Bank. In 2012, it funded a project to improve the business environment (governance, transparency and the creation of a mining code). The mining sector attracts most of the investments and the exploration of new fields is increasing. The floor of Burkina Faso contains gold but also zinc and manganese (mine should be open to exploit this mineral).

The main investors are Lebanon, Libya and France (70% of FDI).

 

 INTERNATIONAL COMPARISON OF INVESTOR PROTECTION

 

Burkina Faso

Afrique sub saharienne

Etats-Unis

Allemagne

Index de transparence des transactions*

6,0

5,0

7,0

5,0

Index de responsabilité des managers**

1,0

4,0

9,0

5,0

Index de pouvoir des actionnaires***

4,0

5,0

9,0

5,0

Index de protection des investisseurs****

3,7

4,5

8,3

5,0

Source: Doing Business - latest available data.

Note: *The higher the index is, more the transactions are transparent. **The greater the index, the more managers are personally liable. ***The greater the index, the more shareholders have the power to defend their rights. ****The greater the index, the greater the protection of shareholders is important.

 

Investissement Direct Etranger

2010

2011

2012

Flux d'IDE entrants (millions USD)

35

42

40

Stocks d'IDE (millions USD)

353,9

382,0

430,7

Indicateur de performance*, rang sur 181 économies

166

176

-

Indicateur de potentiel**, rang sur 177 économies

-

151

-

Nombre d'investissements greenfield***

3,0

4,0

-

IDE entrants (en % de la FBCF****)

1,7

1,8

1,4

Stock d'IDE (en % du PIB)

4,0

3,8

4,2

Source: UNCTAD - last available data

Note: * The Performance Index UNCTAD is based on a ratio of the country's share of total global FDI inflows and its share in global GDP. ** The Potential index UNCTAD is based on 12 economic and structural variables such as GDP, foreign trade, FDI, infrastructure, energy, R & D, education, country risk. The Greenfield investments *** correspond to the creation ex nihilo of subsidiaries by the parent company. **** Gross fixed capital formation (GFCF) is an indicator that measures the amount of investment, mainly material, made for one year.

 

The tax rate

Rate of value added tax (VAT): 18%

Corporate Tax: 27.5%

The withholding

Interest: 25%

Dividends: 12.5%

Royalties: 5/20%.

 

Bilateral agreements

The Burkina Faso and France are bound by a tax treaty which was signed August 11, 1965 and ratified on 15 February 1967.

Social security contributions paid by employers: 16%

 

International comparison of corporate tax

 

Burkina Faso

Sub-Saharan Africa

United States

Germany

Number of tax payments per year

46.0

39.0

11.0

9.0

Time required for administrative formalities in hours

270.0

319.0

175.0

207.0

Total taxes as% of profits

43.6

57.8

46.7

46.8

Source: Doing Business - latest available data.

 

Investment opportunities.

Tenders, projects and procurement

Starting a business

 

 Procedures for starting a business

Starting a business

Burkina Faso

Sub-Saharan Africa

Procedures (number)

3.00

8.00

Time (days)

13.00

34.00

Source : Doing Business.

6.17 Starting a Business

The business house of Burkina Faso has contributed to the development of enterprises and the creation of a one-stop housing the Centre for Business Formalities (CEFORE) to facilitate the creation of enterprises, the Centre for facilitating acts of build (CEFAC) for the issuance of building permits. The formalities of new businesses (sole proprietorship or partnership) have been simplified. CEFORE the aim to allow domestic and foreign economic operators, natural or legal persons, to perform in one place before a single point in a sufficiently small time (maximum 7 days) , all the formalities and statements that they are required by law and regulations in force in the legal, tax , social, related to the creation , expansion or takeover of companies , corporations, economic interest groups or branches Foreign .

 

7. SUMMARY OF COUNTRY RISK

 

Burkina's economy is dependent on agricultural production, exports of gold (production reached a record level in the last three years) and those of cotton (long the main export product). The country remains vulnerable to exogenous shocks such as poor rainfall, international financial and oil crises and regional instability.

7.1 Sovereign risk

Conjunctural aspects:

The economy returned to growth after a difficult period.

Food crisis in 2005: Nearly 90% of the population lives on subsistence agriculture, thus the country is highly vulnerable to climatic hazards. Crop year 2004/2005 was severely affected by a strong drought after the locust invasion in 2004 that reduced food stocks of the population. The inadequacy of the crop has been amplified by the hoarding behavior, as well as sub-regional contagion effect due to an increase in exports of food products to Mali and Niger also affected by the drought. Such a shortage of food produced, apart from macroeconomic instability effect on food prices (Total inflation rate up to 10% in 2005), serious effects on human development and so on the growth potential of the country.

Economic slowdown: This period was even more difficult than the sustained rise in oil prices and the delayed effects of the Ivorian conflict made it impossible to use the railway to the port of Abidjan thus preventing the normal functioning of the economy. However, the adaptability of economic actors was surprising: they have reduced the use of motorized transport and are able to export to other maritime countries by road more than 80% since 2003 (only 37% previously).                    

Growth Recovered: Good rains in 2005 led to the discovery production

ample food, reducing the pressure on food prices and excellent cotton harvest at a good price paid to the producer (despite low world prices, resulting in a large deficit for the three cotton companies who organize the supply of inputs and planters buy the entire crop guaranteed minimum price) have uncovered a high growth rate (above 5%) in 2005. These good results were maintained in 2006 and are expected from all the studies done at least as much in 2007 and 2008 (subject to good weather conditions including sufficient rainfall).

 

7.2 Currency risk

The franc zone generates 60% of its foreign trade with countries of the European Union. The majority of this trade is not affected by the fluctuation of the dollar. Better yet, traders have no foreign exchange risk, which is good for business. In general, monetary stability and security of the euro help curb inflation in the Franc Zone.

7.3 risk in the banking sector

Banks dominate the banking system, accounting for about 90% of financial system assets. With 12 commercial banks, the banking sector is subject to a high concentration, with the three largest banks holding nearly 60 % of all assets of the financial sector. Banks are generally well capitalized, but they remain vulnerable due to excessive risk concentration in the cotton sector whose prices vary substantially. The government's position in the banking system, a source of vulnerability in the past, seems to have been stabilized and compliance with regional prudential standards has marginally improved. At the end of June 2009, although none of the banks have responded to the ratios of supervisory structures, 11 banks have maintained a capital adequacy ratio beyond the prudential minimum level, while 9 were consistent with the statutory capital minimum and 8 met prudential liquidity requirements. However, while the ratio of regulatory capital / risk - weighted assets remains consist of 12.4%, the ratio of gross loans to low yield / total loans declined from 15.8 % in December 2008 to 19.4% in June 2009. Bank credit to the private sector also declined by 2.3 percent, reflecting a cautious attitude. Income and profitability have improved, with profit after tax on average assets and equity increased by -0.5 % and -4.7 % to 0.5 percent and 7.1 % respectively during the same period.

7.4 Political risk

Burkina, long spared the shock wave of politico-military crises in the sub region of West Africa, faces a deteriorating political climate in 2015, which would make it much more vulnerable. 

One of the primary risks for the country is to face , whether the removing of Blaise Compaoré goes wrong, a similar case to Côte d'Ivoire in the 1990s situation sucked into the vacuum left by the death Felix Houphouet-Boigny after 33 years in power and the other being that of a social explosion is looming over the country.

To avoid the worst, the head of state of Burkina Faso, the last term ended in 2015 and still has not spoken about his intentions, has a little less than three years to prepare for his departure and avoid and a succession battle or a new popular revolt.

When the political opposition and the unions reject the creation of a Senate, seen as a way for the president to amend the constitution to run for another term, Blaise Compaore has still not commented on his true intentions.

7.5 Risk of economic structure

The economy remains heavily dependent on agriculture, forestry and pastoral activities and exploitation of mineral resources. Besides mining that continues to grow in importance over the years, the pressure of the population growth of 3.1%, one of the highest in the sub-region, extensive farming, is a major risk for accelerated environmental degradation in the context of recurring climatic hazards.

8. TRAVEL TO BURKINA FASO

8.1 airlines

Air France

493, Avenue de la nation

01 BP 116 OUAGADOUGOU

Tel :(00226) 50 49 15 15 OU 50 30 63 65

Fax : (00226) 50 31 22 06

Email : mail.bluebiz.oua@air france.fr

Site Web : www.airfrance.com

 

Air Cote Ivoire

Avenue Kwamé Nkrumah 
01 BP 1459 Ouagadougou 01
Tél : (+226) 50 492 342 / 96
Fax : (+226) 50 31 45 17
Email : 
reservation@aircotedivoire.com

Site Web: www.aircotedivoire.com

 

Air Mali (groupe celestair)

01 BP 1459-OUAGADOUGOU 01

Tel :(00226) 50 49 23 45 OU 50 49 23 46

Email : ouagadougou@air-mali.com

 

Sénégal Air lines

R.C Immeuble Armelle, Secteur 5,

Avenue de l'UEMOA, Ouagadougou.

Bureau : +226 50 33 21 78 / 79

Portable: +226 70 85 86 42

Asky

Avenue Léo Frobenius, quartier ZACA

Tel : (00226) 50 33 12 37 OU  50 33 12 38

Email : ouakpcto@flyasky.com

Site Web : www.flyasky.com

 

Brussels Airlines

01 BP 4402 OUAGADOUGOU

Tel :(00226) 78 55 34 35

Fax :(00226) 50 33 14 47

Email : souleymane.coulibaly@brusselairlines.com

Site : www.brusselsairlines.com

 

Ethiopian Airlines

Avenue Kwame N’krumah

01 BP 4883 OUAGADOUGOU 01

Tel :(00226) 50 30 10 24/25

Email 1 :LemmaY@ethiopianairlines.com

Email 2 :OuaApt@ethiopianairlines.com

Site Web : www.ethiopianairlines.com

 

Royal Air Maroc

1058, avenue Kwame N’krumah

01 BP 5370 OUAGADOUGOU 01

Tel :( 00226) 50 30 50 81

Fax :( 00226) 50 30 60 34

Site Web: www.royalairmaroc.com

 

Kenya airways

Agence aeroports

Air algerie

398, avenue Kwame N’krumah

01 BP 51 OUAGADOUGOU 01

Tel: (00226) 50 31 23 01/02

Fax :(00226) 50 31 56 61

Email: contacts@airalgerie.dz

Site Web: www.airalgerie.dz

 

Air Burkina (groupe celestair)

29, avenue de la nation immeuble air Burkina

01 BP 1459 Ouagadougou 01

Tel :(00226) 50 49 23 23 OU 50 49 23 30

Fax :(00226) 50 31 45 17 OU 50 31 31 65

Email : resa@airburkina.br

Email : ouaga@airburkina.bf

Site Web : www.air-burkina.com

 

8.2 Visa

Il est obtenu sur demande à l’administration centrale en charge de l’immigration représenté par la Division de la Migration(DM), des postes de police frontières terrestres et aériennes, des ambassades ou représentations diplomatiques du Burkina Faso à l’étranger.

 

Tarif

0- transit (1 à 3 jours)................................. 18 euros

1- court séjour (1 à 90 jours) une entrée :………………………………….....35 euros  

2- court séjour (1 à 90 jours) plusieurs entrées :……………………………...……45 euros  

3- long séjour (maximum 6 mois) une entrée :…………………………………....50 euros  

4- long séjour (maximum 6 mois) plusieurs entrées :.………………………………..... 60 euros 

5- long séjour (maximum 12 mois) une entrée :………………………………....….65 euros

 

6- long séjour (maximum 12 mois) plusieurs entrées :…………………………………...75 euros

 

7- long séjour (plus d’un an) une entrée :……………………......……....…...90 euros

8- long séjour (plus d’un an) plusieurs

 

entrées :…………………………….…..100 euros

 

8.3 Hotels

 

Ouagadougou :

 

Azalaï Hôtel

Secteur N°4

Avenue de la résistance du 17 mai

Avenue du président

Aboubacar Sangoule Lamizana

01 BP 127 Ouagadougou 01

Tel :(00226) 50 30  60 00 OU 50 30 60 63

Fax :(00226) 50 30 67 67

Email: independace@azalaihotels.com

Site Web : www.azalaihotel.com

 

Dragon hôtel

Rue des poètes

Quatier barrage, a proximite de silmande

Tel : (00226) 50 31 07 88

 

Joly Hôtel

02 BP 6149,Ougadougou 02

Tel : (00226) 50 37 62 57 OU 50 37 62 58

Fax : (00226) 50 37 62 59

Email : info@jolyhotel.bf

Email :jolyhotel.ouaga200@fasonet.bf

Site Web :www.jolyhotel.bf

 

Hôtel Amiso

198, avenue Thevenoud

01 BP 1363 OUAGADOUGOU 01

Tel : (00226) 50 30 86 74 /77 OU 50 31 51 60/81

Fax :(00226) 50 30 86 78

Email : hotel-amiso@hotmail.com

Site Web : www.hotel-amiso.com

 

Hôtel Palm Beach

Avenue kwame n’krumah

01 BP 5557 OUAGADOUGOU 01

Tel: (00226) 50 31 09 91 OU 50 31 68 29

Fax:(00226) 50 31 68 39

Email : hotelpalmbeach@fasonet.bf

Email : resapalmbeach@fasonet.bf

Site Web : www.palmbeach-burkina.com

 

Hôtel Silmande

Route de Kaya (pres du barrage n°3)

01 bp 4733 Ouagadougou 01

Tel : (00226) 50 35 60 05

Fax : (00226) 50 35 60 54

Email : reception@hotels-ilmande.com

Email : reservations@hotel-silmande.com

 

 

Hôtel Yibi

2079, Avenue Kwamé N’Krumah

10 BP, 13976 Ouagdougou 10

Tel : (00226) 50 30 73 23 / 70 71

Fax : (00226) 50 30 59 00

Email : yibi.hotel@fasonet.bf

Site web : www.yibihotel.com

 

La Palmeraie

Avenue Agostino Neto

Ouagadougou 1873

Tel : (00226) 50 39 96 90

        (00226) 50 30 48 90

Email : resa_palmeraie@giganet.org

 

Laïco Hôtel

Laïco Ouaga 2000 Hôtel

Avenue Pascal Zagré

01 BP 1603 Ouagadougou 01

Tel : (00226) 50 49 98 00

 Cel :(00226) 76 86 26 90

Fax : (00226) 50 49 98 02

Email : reservations@laico-ouaga2000.com

Site web : www.laicohotels.com

 

Le Faso Hôtel

Avenue du Président Saye Zerbo

Tel : (00226) 50 33 07 89

         (00226) 50 33 07 90

 

L’excellence Hôtel

339 rue Mariam Derme

02 BP 5544 Ouagadougou 02

Tel : (00226) 50 33 13 67

 Fax : (00226) 50 33 18 66

Email : excellence.hotel@fsonet.bf

 

Pacific Hôtel

Avenue d l’UEMOA

01 BP 5818 Ouagadougou 01

Tel : (00226) 50 31 30 37

      : (00226) 50 30 65 42

Fax : (00226) 50 31 30 39

Email : pacifichotel@fasonet.bf

 

Splendid Hôtel

Avenue Kwamé N’Krumah

01 BP 1715 Ouagadougou 01

Tel : (00226) 50 31 72 78 / 79 / 82

 Fax : (00226) 50 31 72 91

Email: info@le-splendid.com

Site web: www.le-splendidhotel.com

 

Le Pavillon vert

Quartier Dapoya, secteur 12

81 Avenue de la Liberté

02 BPV5098, Ouagadougou 02

Tel : (00226) 50 31 06 11

 

Relax Hôtel

Avenue de la Nation, Porte 570 01 BP 567 
Ouagadougou 01 BURKINA FASO
Tél: 226 50 31 32 33 / 31 
Fax: 226 50 33 23 44
Email: 
relax.hotel@fasonet.bf

Site web: www.groupe-soyaf.com/relax-ouaga

 

 

 

Palace Hotel

01 BP 567 Ouagadougou 01

Tel: (00226) 50 37 50 60

Fax: (00226) 50 33 23 44

Email: relax.hotel@fasonet.bf

Site web: www.groupe-soyaf.com/palace

 

RAN Hôtel Somketa

01 BP 1808 Ouagadougou 01

Tél: (00226) 50 30 61 06
(00226) 50 30 61 07
(00226) 50 30 61 08
Fax: (00226) 50 30 28 32
E-mail: ouaga@ran-hotels-somketa.com
Site Web :
www.ran-hotels-somketa.com

 

Bobo Dioulasso :

 

Les 2 Palmiers

01 BP 2560

Tel (00226 20 97 27 59

 

Hôtel de l’entente

01 BP 1346

Tel : (00226 20 97 72 05

 

Lauberge

685 rue Guillaume Ouedraogo

01 BP 329

Tel : (00226) 20 97 17 67/68

        (00226) 20 97 14  26

Fax : (00226) 20 97 21 37    

 

Relax Hôtel

01 BP 115

Tel : (00226) 20 97 22 27

        (00226) 20 97 00 96

Fax : (00226) 20 97 21 37

 

Ran Hôtel Somkieta

01 BP 50

Tel : (00226) 20 97 09 00

         (00226) 20 98 18 46

Fax : (00226) 20 98 18 45

 

Hôtel Pacha

Rue Pépin Malherbe

01 BP 293

Tel : (00226) 20 98 09 54

 

Hôtel Watinoma

BP 1219

Tel : (00226) 20 97 20 82

 

Hôtel renaissance

01 BP 1092

Tel : (00226) 20 98 23 21

 

Hôtel Teria

Rue Alwata Diawara

01 BP 3307

Tel : (00226) 20 97 19 72

 

Hôtel Royal

01 BP 640

Tel : (00226) 20 97 12 29

 

Hôtel Soba

01 BP 185

Tel (00226) 20 97 10 12

 

8.4 Health - Preventions

The International Medical Center (IMC)

The International Medical Centre (formerly Centre Medico-Social French (CMS)) is a nonprofit self-care. It is open to all. Since 1 July 2007, the CMI is managed by an association of Burkinabe law, the ISA (International Association of Health). The office of the AIS established a medical plan for the IJC and offers:

·         a team of two doctors (an emergency and general), nurses, a physiotherapist, a psychologist, a speech therapist and a psychomotor;

·         access to general medical consultations, nursing and medical care quality;

·         permanence 24H/24 to support adults and children with medical emergencies;

·         une garantie aux patients les meilleurs soins possibles, bien sûr, au besoin, de diriger ou de soutien dans le réseau local médecins spécialistes dans l'organisation d'une évacuation médicale ou le renvoi à des références appropriées en dehors du pays;

·         An independent technical platform hospitalization for observation, a short hospital stay, intensive care and resuscitation required for stabilization before a medical evacuation;

·         equipment to European standards: a position déchoquage for emergencies, 4 beds hospitalization, ambulance and mobile equipment of pre-hospital resuscitation, defibrillation, resuscitation monitor, ventilator, hospital pharmacy emergency thrombolysis Electrocardiogram , Oxygen, laboratory for rapid tests for malaria (QBC).

Schedule and contacts

The CMI is open Monday, Wednesday and Friday from 7:30 to 12:30 and 3:00 p.m. to 6:00 p.m.. Tuesday and Thursday from 7:30 to 6:00 p.m.. Saturday from 9:00 to 12:00.

Outside of business hours, an answering machine will inform you on Tel: (00226) 50 30 66 07 and (00226) 76 19 99 99

Care is provided 24H/24 and 7/7

Administrative matters:

e-mail : cmi.ouaga@gmail.com

medical issues:

e-mail : cmi.medecin@gmail.com

 

prices

joining

Family resident: 30,000 CFA

Single person resident: 15,000 CFA

Accessed 15 000 CFA - during consultation hours (adapted to French fare tariff in force, likely to be revised upwards).

 

8.5 medical Services

CLINIQUE DU PLATEAU

 04 BP. 444 - OUAGADOUGOU - BURKINA FASO

 (226) 50 43 71 71 & 70 11 28 28

 

CLINIQUE EL FATEH SUKA

 04 BP. 8297 - OUAGADOUGOU - BURKINA FASO

 (226) 50 43 06 00

 (226) 50 43 12 43

 clinique.elfateh@suka.bf

 www.suka.bf

 

CLINIQUE LAFIASO

 01 BP. 6478 - OUAGADOUGOU - BURKINA FASO

 (226) 50 38 35 93

 (226) 50 38 35 93

 

CLINIQUE LES FLAMBOYANTS

 ... - OUAGADOUGOU - BURKINA FASO

 (226) 50 30 76 00

 (226) 50 30 76 00

 cabinetmedical.bf@liptinfor.bf

 

CLINIQUE MEDICALE AVICENNE

 04 BP. 947 - OUAGADOUGOU - BURKINA FASO

 (226) 40 02 95 65

 cliniquemedicaleavicenne@msn.com

 

CLINIQUE NOTRE DAME PAIX

 01 BP. 5666 - OUAGADOUGOU - BURKINA FASO

 (226) 50 35 61 53

 (226) 50 35 61 57

 cndp@cenatrin.bf

 

CLINIQUE OPHTALMOLOGIQUE LA LUMIERE

 06 BP. 9950 - OUAGADOUGOU - BURKINA FASO

 (226) 50 33 50 74

 (226) 50 33 50 74

 ophtalumiere@cenatrin.bf

 

CLINIQUE OPHTALMOLOGIQUE LA PROVIDENCE

 04 BP. 8054 - OUAGADOUGOU - BURKINA FASO

 (226) 50 34 41 03

 

CLINIQUE SIMIGNA

 01 BP. 4062 - OUAGADOUGOU - BURKINA FASO

 (226) 50 36 27 87 & 70 15 53 87

 (226) 50 36 38 32

 simigna@cenatrin.bf

 

HOPITAL DU BON COEUR

 ... - COUPELAS - BURKINA FASO

 (226) 78 18 56 48

 (226) 78 18 57 48

 amour.et.vie@live.fr

 

HOPITAL SANOU SOURO

 - BOBO DIOULASO - BURKINA FASO

 (226) 20 97 00 44 & 20 97 01 43

 

POLYCLINIQUE DU CENTRE

 01 BP. 403 - OUAGADOUGOU - BURKINA FASO

 (226) 50 48 47 16

 (226) 50 48 47 18

 sanoua14@yahoo.fr

 

POLYCLINIQUE SANDOF

 09 BP. 1201 - OUAGADOUGOU - BURKINA FASO

 (226) 50 36 09 06

 (226) 50 36 09 08

 sandof@fasonet.bf

 

POLYCLINIQUE YENTEMA

 01 BP. 4759 - OUAGADOUGOU 01 - BURKINA FASO

 (226) 50 33 70 70

 (226) 50 31 69 69

 cliniqueyentema@hotmail.com

 

Emergency Numbers:

Dr Aviton : 70 20 5 60 6

 

Firefighter

Tel : (00226) 18 ; 112 ; 16 ; 15

 

Police :17

 

8.6 Calendar of cultural events

 

Ouagadougou :

 

FESPACO (Pan African Film Festival of Ouagadougou) : held in the last week of February of odd years

www.fespaco.bf

 

SIOA (International Crafts Fair of Ouagadougou) : held in the last week of October in even years

www.siao.bf

 

DIALOGUES DE CORPS : held every two years during the month of December

www.latermitière.org

 

RECREATALES: is held every year in early November

 

JAZZ IN OUAGA : is held every year between late April and early May.

www.jazz-ouaga.org

 

OUAGA HIP HOP: held annually in October

www.wagahiphop.com

 

FESTIVAL CINE DROIT LIBRE: is held every year

www.cinedroitlibre.bf

 

FESTIVAL BONANE

 

FITMO (International Festival of Puppet Theater and Ouagadougou): is held every year

www.gambidi.org

 

FESTIVAL YELEEN: held at the time of the Christmas holidays

www.maisondelaparole.org

 

FESTIVAL ROCK A OUAGA: Held every year, running from March to April

 

Bobo Dioulasso :

 

SNC (National Culture Week): Is held in the last week of March in even years

www.snc.gov.bf

 

LA FETE DES MASQUES: is held 5-6 times a year

 

FESTIVAL N’YOGONBEN

 

Koudougou

 

NAK (Atypical Nights of Koudougou): is held every year in the last week of November

 

Dédougou

 

FESTIMA (Dédougou's  Masks  Festival)

8.7 Days off, public holidays

The days and dates below are established as national holidays in Burkina Faso:

- January 1;

- January 3;

- March 8;

- May 1st;

- August 5;

- December 11th;

- Christmas Day;

- Easter Day;

- the Ascension ;

- Assumption;

- All Saints;

- day of Ramadan or Aïd el Segneir;

- the day of Tabaski or Eid el Kabir;

- Mouloud.

 

The days and dates below mark historical events giving rise to commemorative ceremonies

- August 4;

- October 15;

- March 30

 

The days and dates of public holidays are necessarily holidays throughout the national territory.

8.8 Methods of payment

The currency used is the franc CFA. 
Fixed rate (rounded): 100 F.CFA = 0,15 €, 1 € = 655 F.CFA.

Payment cards

You can easily withdraw money with Visa, for example vending machines at banks BICIAB (groupe BNP  Paribas), SGBB(groupe Société Générale)and BOA (Banque of Africa Burkina) present everywhere throughout the country, except in the far north and far south-east. These valves are usually located in front of bank branches in a small enclosed space and kept 24h/24.

Only a few luxury hotels and large shops plush crafts accept cards as payment. MasterCard is hardly accepted in the country, except distributors agencies Atlantic Bank in Ouagadougou and Bobo only.

9. ADDITIONAL INFORMATION

www.lefaso.net

www.pierreabadie.com

www.cabinetpierreabadie.com

www.burkinapmepmi.com

www.burkina24.com

www.finances.gov.bf

www.culture.gov.bf

www.ontb.bf

 

 

Pierre ABADIE

pierreabadie

Conseil Juridique & Fiscal
Expert - Comptable

Counsel & chartered accountant

Fiscalité Internationale & Burkina Faso

Fiscalité: Nouvelles dispositions 2015

Actualité Juridique du Burkina Faso

Actualité juridique du Burkina

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Fiche pays du Burkina Faso

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