Doing Business in Burkina Faso (Course, Master)

Syllabus of the Online Subject: Foreign Trade and Business in Burkina Faso (Africa). Ouagadougou.

1. Introduction to the Republic of Burkina Faso (West Africa): the country of upright men
   1. Joseph Ki-Zerbo: Africa, the cradle of humanity has a history and gave birth to History
2. Doing Business in Ouagadougou, Bobo-Dioulasso, Banfora, Dédougou, Tenkodogo, Koudougou, Kaya, Fada N'Gourma, Ouahigouya, Manga, Dori, and Gaoua
3. Burkinabe economy
4. Case Study:
   1. International Arts and Crafts Fair (Ouagadougou)
   2. Minata Kone (businesswoman)
5. International Trade of Burkina Faso
6. Business Opportunities in Burkina Faso
   1. Agriculture
   2. Mining
   3. Industry
   4. Tourism
   5. Services sector
   6. Real Estate and infrastructures
7. Access to the Burkinabe market
8. Business Plan for Burkina Faso

The objectives of the Online Subject “Foreign Trade and Business in the Republic of Burkina Faso” are the following:

1. To analyse the Burkinabe economy and foreign trade
2. To know the business opportunities in Burkina Faso
3. To explore Burkinabe trade relations with the student's country
4. To know Burkinabe Trade Agreements
5. To develop a business plan for the Burkinabe market

Example of the Online Subject - Doing Business in Burkina Faso

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Description of the Online Subject: Foreign Trade and Business in Burkina Faso

1. Burkina Faso (West Africa) shares borders with Mali, Niger, Benin, Togo, Ghana, and Ivory Coast
2. Area of Burkina Faso: 274,200 square kilometres
3. Burkinabe Population: 16 million people
4. Burkina Faso is one of the poorest countries
5. The official language is French
6. Local languages: Moore, Fulfulde, Dioula
7. Independence: 1960 (from France)
8. Burkina is a landlocked African Country
9. Capital: Ouagadougou (1.5 million)
10. The Historian Joseph Ki-Zerbo was born in Burkina Faso

Religions in Burkina Faso:

1. Islam (65% of Burkinabe population, 8 million) and Christianity
2. 30% of Burkinabe are Christians (with Catholic majorities)
3. African Traditional Religions

More information about Burkina Faso (African Portal - EENI Business School & HA University).

Burkina Faso belongs to West African Economic Area (African Civilisation).

Master of Science in International Business in Burkina Faso

Economic Profile of Burkina Faso:

Burkina Faso: one of the regional economies that have implemented more reforms.

The Republic of Burkina Faso established the development strategy for future years to opening to regional and global markets. Burkina wishes “to become a development centre in West Africa.”

1. Burkinabe Currency: West African CFA Franc
2. Agriculture: 90% of Burkina's population
3. Main cash crop: cotton
4. Top Burkinabe exports are cotton and gold (68%)
5. The main commodities exported by Burkina Faso are cotton, nuts, gold, cattle, goats, sheep, sesame seeds, fruits, and vegetables
6. Burkinabe GDP growth: 7%
7. Composition of the Burkinabe GDP: agriculture 35%, industry 23%, services 42%
8. The main sectors of the Burkinabe economy are agriculture, trade and mining
9. Inflation: 3%
10. Regional Trade with other ECOWAS and WAEMU countries is very low, limited to agricultural products
11. Doing Business 2014 Index (WB): 154.
12. Positive liberalisation of the Burkinabe economy
13. Burkina is open to foreign investors
14. Events:
    1. International Arts and Crafts Fair (SIAO)
    2. Pan-African Film and Television Festival of Ouagadougou

Ouandaogo Abdoul Karim (Student of the Master of Science in International Business, University of Ouagadougou & EENI) winner of a WAEMU regional award.

Two Burkinabe students (receiving the Diploma of Master) receiving the Diploma of Master of Science in International Business with Pedro Nonell (EENI's President):

Trans-African Corridor: Trans-Sahelian Highway

Nearest ports:

1. Port of Abidjan (Ivory Coast)
2. Port of Lomé (Togo)
3. Port of Cotonou (Benin)
4. Port of Tema (about 1,000 kilometres).

Trade Agreements (Preferential Access) of Burkina Faso:

1. Community of Sahel-Saharan States (CEN-SAD)
2. Economic Community of West African States (ECOWAS)
3. West African Economic and Monetary Union (WAEMU)
   1. US Trade Agreement (WAEMU)
4. Africa-European Union Strategic Partnership (Cotonou)
5. Generalised System of Preferences (GSP)
6. African Growth and Opportunity Act (US AGOA)
7. Niger Basin Authority

Burkina is a member of:

1. New Partnership for Africa (NEPAD)
2. African Development Bank
3. G5-Sahel
4. Afro-Arab Cooperation
5. Arab Bank for Economic Development in Africa (BADEA)
6. Economic Commission for Africa (ECA)
7. African Union (AU)
8. Convention on Preventing and Combating Corruption
9. Summit Africa-South America
10. Organisation of Islamic Cooperation (OIC)
11. Organisation for the Harmonisation of Business Law in Africa (OHADA)
12. Islamic Development Bank
13. Forum on Sino-African Cooperation
14. Africa (Burkina Faso)-BRICS
15. Africa (Burkina Faso)-Asia Strategic Partnership
16. Africa (Burkina Faso)-India

National Trade Office ONAC. One of the main tasks of the ONAC is to promote international trade between Burkina Faso and the rest of the World.

Group Soyaf (Burkina). Created in 1982 by Mr Salif Yameogo (Managing Director), the Group Soyaf has become one of the biggest holding companies with international standards in West Africa and more specifically in Burkina Faso. In this new millennium, the Group Soyaf drew Burkina Faso several large multinationals whose Telecel International Group in the area of communication and the Framlington Group, a Group of investors.

TELECEL (Burkina). Founded in 1987 by Miko Rwayitaré and owned by 80% to Orascom Telecom (Egypt) since 2000, Telecel International is a multinational Group based in South Africa and Geneva. With its years of experience in Africa, Telecel has developed a single expertise in the study of projects, the establishment and operation of cellular networks on African continent. In all its activities, Telecel International combines national private investors in the shareholding of its associated companies.

❮ Samples - Business in Burkina Faso ❯

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