Business in Burkina Faso

EENI- School of International Business

Subject: Doing Business in Burkina Faso (Africa). Ouagadougou. Syllabus:

  1. Introduction to the Republic of Burkina Faso (West Africa)
  2. Doing Business in Ouagadougou
  3. The Burkinabe economy
  4. Case Study: The International Arts and Crafts Fair (Ouagadougou)
  5. The 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 subject “Foreign Trade and Doing Business in the Republic of Burkina Faso” are the following:

  1. To analyse the Burkinabe economy and foreign trade
  2. To evaluate the business opportunities in Burkina Faso
  3. To explore Burkina Faso's trade relations with the country of the student
  4. To know Burkina Faso's Trade Agreements
  5. To develop a business plan for the Burkinabe market
The subject “Doing Business in Burkina Faso” is studied...
  1. Professional Master's Programs: International Business, Africa, Islamic Markets
  2. Doctorates (Distance learning): Africa, Islamic Countries
  3. Course: West Africa

Course learning materials in English or French Burkina Faso Portuguese Burkina Spanish Burkina Faso

  1. Credits of the subject “Foreign Trade and Doing Business in Burkina Faso”: 1 ECTS Credits
  2. Duration: one week

Area of Knowledge: Africa

Opening of the U-EENI University in Africa

U-EENI University Africa

Sample of the subject - Doing Business in Burkina Faso
Doing Business in Burkina Faso

EENI Professors in Burkina Fasso:

  1. Dr Geneviève Barro
  2. Dr Ousséni SO
  3. Thierry Somda

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

We Trust in Africa

Description of the Subject: Foreign Trade and Doing Business in 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 the opening of the regional and global markets. Burkina wishes “to become a development centre in West Africa.”

  1. Burkina Faso (West Africa) shares borders with Mali, Niger, Benin, Togo, Ghana, and Ivory Coast
  2. Area of Burkina Faso is 274,200 square kilometres
  3. Population: 16 millions of people
  4. Burkina Faso is one of the poorest countries
  5. The official language is French
  6. Local languages: Moore, the 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 the population, 8 million) and Christianity
  2. 30% of the Burkinabe are Christians (with Catholic majorities)

Burkina Faso belongs to the West African Economic Area of the African Civilisation.

Master in International Business University Ouaga II (Burkina Faso) and EENI (School of International Business)
Master in International Business (Burkina Faso)

Economic Profile of Burkina Faso:

  1. Currency: West African CFA Franc
  2. The agriculture: 90% of Burkina's population
  3. The main cash crop: cotton
  4. The 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. 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. The Regional Trade with another 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. Open to the foreign investors
  14. Events:
    1. The International Arts and Crafts Fair (SIAO)
    2. The Pan-African Film and Television Festival of Ouagadougou

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

National Trade Office ONAC. One of the main tasks of the ONAC is to promote the 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 the African continent. In all its activities, Telecel International combines national private investors in the shareholding of its associated companies.

Trans-African Corridor: the Trans-Sahelian Highway

The nearest ports: the Port of Abidjan (Ivory Coast), the Port of Lomé (Togo), the Port of Cotonou (Benin), and the Port of Tema (about 1,000 kilometres).

Joseph Ki-Zerbo (Burkinabe Historian)

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

West African Economic Monetary Union (WAEMU)

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

Samples - Business in Burkina Faso

ECOWAS Economic Community of West African States

Community of Sahel-Saharan States (CEN-SAD)

Common Market (West African Economic and Monetary Union)

Niger Basin Authority

United States-West African Economic and Monetary Union Agreement

Trans-Sahelian Highway (Dakar-N’Djamena Corridor)

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