Private investments opportunities
1.1. The sector
Agriculture has an important place in the economy of Burkina Faso. Its contribution to Burkina Faso GDP in 2008 stands at 16.9% (INSD) and it employs more than 80% of the population. In 2012, its contribution was of 30-45% of the GDP, with an occupancy rate of 86% of the population. Burkina Faso has a high potential in surface water and groundwater, consisting of permanent water courses (the Mouhoun River and its tributary the Kou River, the Comoé River and its tributary the Léraba River, the Pendjari River); of non-permanent watercourses (Nazinon, Nakambé, Beli, Sourou …), of lakes (Dem, Bam, Tengrela), of hydro-agricultural dams (Kompienga Bagré, Ziga and very soon Samandéni) and other water reservoirs. The land area with agricultural potentials is estimated at 9 million ha, of which only a third part (3.5 million ha) is exploited annually. The irrigable land is estimated at about 233,500 ha, with only 26,758 ha managed and developed (11.5%).
The potential of surface water is estimated at 10 billion m3 and the groundwater at 113 billion m3. The existence of significant genetic variability within cultivated local species and the non-negligible irrigation potentials offer a good opportunity of intensification of agricultural production.
Sector-based development policies have identified twelve (12) promising sectors, four of which are in agricultural production: cotton, grains, fruits and vegetables and oilseeds.
Therefore, the development of agriculture has a prominent part in the development strategy of Burkina Faso. Recognizing that agricultural performance is heavily dependent on private entrepreneurship, the country is engaged in the expansion of initiatives to intensify and diversify agricultural production in order to provide the missing link of the added value chain.
The cotton sector in Burkina Faso has been very successful thanks to the creation and organization of the added value chain from the supply of seeds and inputs to producers and their technical supervision to the transportation, processing and commercialization of cotton seeds.
– 2008/2009 production: 720 675 tons;
– First cotton producer in sub-Saharan Africa;
– A strong potential for growth and expansion;
– Introduction and development of genetically modified cotton (GMO cotton).
However, less than 5% of the cotton fiber is processed in the country.
yams, sweet potatoes, cassava and potatoes.
The opportunities include:
– A potentiality for growth and expansion;
– The introduction and development of improved seeds;
– Domestic demand is higher than the offer: 195 102 tons of rice during the 2008-2009 harvest years;
– A strong domestic demand for rice: 300 000 tons in Burkina Faso in 2009 is growing at a rate of 5.6% per year;
– A very strong sub-regional demand, particularly for rice and haricot beans.
In this effort to intensify and increase agricultural production, Burkina Faso has adopted the widespread use and a production program of improved seeds in the grain subsector.
According to the results achieved in the field, the use of improved seeds can increase the current yields by 40%. The rate of use of improved seed is currently 4% in Burkina Faso, with a target of 50% by 2015.
1.2.3. Fruits and vegetables
The Government’s choice for a growth and diversification strategy involves the development of fruits and vegetables, as a source of growth for Burkina Faso. Fruits and vegetables contribution to the country gross domestic production 2009 was 4.5%. Fruits and vegetables production was 30,000 hectares of cultivated area with a possibility of extension to 225,000 hectares (an increase of 7% per year). The production of the sector represents 16.5% of the total agricultural production.
The production quantities are as follows for 2009:
– Green beans: 17 739 tons. There is a real potential for increasing the production of green beans to satisfy the strong foreign existing demand. In fact there is a great renewal interest for this crop. Over two decades (1970-1990) the country was one of the first African exporters of green beans, with quality products worldwide recognized.
– Tomato: 159 632 tons in 2009
– Onions: 242 258 tons of onion bulbs and 21 307 tons of onion leaves in 2009
– Mango: 160 000 tons in 2009
Regarding structural weakness of the agriculture (low productivity, weak mechanization, high entrants cost, illiteracy…) and the cotton price volatility, the government paid particular attention to this branch.
While these crops are well mastered by producers in Burkina Faso it will have a significant
potential for growth given demand in the sub-region (Ghana, Togo, Benin, Ivory Coast, Equatorial Guinea), and Europe and other continents.
Vegetables are exported towards the sub-region markets where demand is high especially in coastal countries. Therefore the sector offers strong opportunities for exports particularly in Cote d’Ivoire, Togo and Ghana market places.
Fruit and vegetables sector has a great potential for growth given the huge potentials of irrigable land still available (with nearly 225 000 hectares) on the main sites, including Bagré, Sourou, Douna, Bam very soon Samendeni etc.
1.2.4. Oil seeds
Cottonseed: Cottonseed quantity from cotton ginning units varies according to cotton production. With the rise in cotton prices in recent years, the amount of seeds produced will experience a significant increase. Cottonseed is processed in the country in oil, soaps and oil cakes or cattle feed.
Shea nuts: the settlement of shea is estimated at 190 million trees (70% of the territory) and contributes about 2% to the gross domestic product. Annual production is estimated at 150 000 tons of shea nuts for export, making Burkina Faso the second largest producer of shea nuts and the third exporter of shea butter in the world. The shea is the fourth export product of the country. Burkina Faso’s nuts are known for their high fat content and interest more and more European countries. The producers, who have acquired a good mastery of the techniques of collecting, and processing of nuts and the production of butter, are the major strengths of the sector.
Sesame: 51 924 tons in 2009 (the increase in production is 15% per year). Its oil content is about 53 to 58% in Burkina Faso compare to neighboring countries. Sesame is among the most important export crops and yields about 8 billion CFA F per year to 50 000 farmers. Exports of sesame seeds in Burkina Faso amounted 11.0285 billion CFA F in 2008.
Peanuts: 346 292 tons in 2009 (the increase in production is 7% per year). The strong recent growth in peanut production and the introduction of new varieties create a very attractive production base for agro-industry and export.
Cashew nuts: 25 000 tons in 2009. The world market for Cashew nuts is growing and Burkina Faso is focusing efforts for a full exploitation of existing cashew orchards and to strengthen the planting of cashew trees which easily adapt to soils in several areas in the country. Exports of cashew nuts in shell reached 1.291 billion CFA F in 2009. Only a small quantity of cashew is very processed in Burkina Faso .
Gum arabic: known as Acacia Senegal, is a shrub of natural stands representing a great potential for Burkina but which remains largely untapped. The natural stands of Acacia Senegal in Burkina are estimated at about 287,000 hectares , with approximately 15 million feet. Primarily used in the food and pharmaceutical industries, dietetics, international textile firms and printing, the demand in Burkina is estimated at 80,000 tons and is currently covered at only 60%.
Investment opportunities are numerous particularly within the framework of Public-Private
. Large hydro-agricultural and hydro-electric developments at Samendeni and at Ouessa ;
. The exploitation of existing or in-progress large hydro-agricultural developments:
– The Sourou Valley covers an area of 995 km2 with a potential of 30,000 hectares convertible into irrigated perimeters, of which only 12.72% are actually operational;
– The hydro-agricultural and hydroelectric dam of Bagré: The hydro-agricultural potential downstream from the dam and around the lake is estimated at 30,000 ha , with 7100 ha to be irrigated by gravity downstream and 22,900 hectares to be irrigated by pumping. A hydro-electric power of 16 MW output, an eco-tourism center, and a fish farm are already functioning.
– The hydro-agricultural and hydroelectric dam of Samandéni. This dam is built with the support of the development partners of Burkina. It will have a capacity of 1.05 billion m3 retention volume, a hydroelectric power plant of 17 GWh; 23 600 ha of land, including 20,610 irrigated ha of land. In order to develop the agro-industry sector on the dam downriver, an area of multiple activities will be developed.
. The strengthening of irrigation infrastructures;
. The increase in value of the production and the strengthening of services related to the mobilization of water resources;
. The production of seeds, fertilizers, bio-fertilizers and other agricultural inputs;
. Support services and equipment for agricultural mechanization;
. Development of support services to promote intensification and ensure the competitiveness of agriculture (intensification of production, logistic rehabilitation and establishment of the cold chain and the processing into various semi-finished or finished products) ;
. Production and treatment of new plants;
. Production and processing of fruits;
. The provision of services related to the certification of the product quality;
. Supply of quality training in agriculture;
. All products and services related to the conservation and the final commercialization of the products (packaging, preservatives)…
2.1. The sector
The livestock sector is the third pillar of Burkina Faso’s economy. It contributes more than 18.6% (including forestry and fisheries) to GDP and accounts for 25% of export earnings. With 27.5% value added of the primary sector in Burkina Faso in 2012, he becomes the second sector of the economy. This sector has a huge potential, in terms of size of the herd, absence and eradication of certain diseases, the availability of excellent quality forage throughout the country during the rainy season, the availability of specialists in veterinary care, the existence of a significant biological and genetic varied potential. Burkina Faso has a large livestock including cattle, sheep, goats, poultry, and pigs.
Total number of live animals per species and per year:
|Cattle||7 311 544||7 457 754||7 606 887||7 759 005||7 914 160||8 072 420|
|Sheep||6 702 640||6 903 698||7 110 788||7 324 091||7 543 792||7 770 083|
|Goats||10 035 687||10 336 735||10 646 811||10 966 197||11 295 160||11 633 992|
|Pigs||1 886 851||1 924 568||1 963 039||2 002 276||2 042 300||2 083 127|
|Camels||14 811||15 103||15 401||15 705||16 016||16 331|
|Horses||36 410||36 757||37 106||37 456||37 810||914 543|
|Donkeys||914 543||932 810||951 447||970 452||989 840||1 009 615|
|Poultry||30 501 334||31 416 369||32 358 775||33 329 492||34 329 338||35 359 174|
Sources: General Directorate of Forecasting and Statistics of Livestock
Livestock potentialities are largely underestimated. The control of animal products (meat, milk, eggs, hides and skins, etc.) remains the major constraint.
Supply of meat by the country: In 2009 it was estimated at 150 000 tons, including 36 000 tons in ton carcass equivalent (tec) in exports on the hoof, while demand for animal products in neighboring countries, including Côte d’Ivoire, Ghana, Togo, Benin and Nigeria is strong.
Milk subsector: In 2008, 130 dairy processing units throughout the country collected about 1,498,457 liters. This production was increasing significantly (42.35%) compared to 2007. The number of processing units that participated in the collection has increased by 28.71% compared to 2007. The Central and West regions have the largest number of dairy units. Milk production is on average 110 liters lactation yield of 180 days and per cow. This performance is up to 65% of below the potential, and opportunities for improvement can reach 1400 liters per lactation of 280 days per cow. Despite the potential, imports of dairy products account for about 9 billion FCFA per year, for a breeding country. The objective of Burkina Faso is to increase the share of local milk to meet national demand.
The livestock sector has enormous opportunities for investment as part of its intensification, including:
– Installation of milk processing units;
– Installation of meat processing units;
– Installation of production units of concentrated feed for cattle or poultry;
– Construction of refrigerated slaughterhouses;
– Installation of production units of leather (items);
– Improvement of livestock productivity;
– Installation of modern livestock farms to increase the supply of meat and dairy;
– Production of improved seeds in the area of fodder crops;
– Strengthening of the traceability of the products by the establishment of modern infrastructures (laboratories, equipment and quality control) ;
– Establishment of quality control structures run by private professionals;
– Improvement of the availability and accessibility of veterinary and zoo technical inputs.
3.1. The sector
The mining sector is booming in Burkina Faso and its share of GDP is growing (4.1% in 2009 and 6.2% in 2010). Long regarded as a mainly agricultural country, Burkina Faso discovers it has increasingly significant mining potentials. Various research studies undertaken in the area confirm the richness of the subsoil of Burkina Faso. The number of mining permits increased from 537 in 2008 to 599 in 2009 registering an increase of 10.35%. There is gold all over the entire national territory, along with many other minerals, including zinc, manganese, copper, iron … The total expected production of gold from existing mines is estimated to be at least 260 tons. The amount of gold exported was 12.5 tons in 2009 and 23.5 tons in 2010. From 2011, the average annual gold exports will be around 40 tons until 2014.
Apart from the mining under operation or constructions, there are other mineral sites still untapped like manganese, zinc, copper, limestone, phosphate, bauxite etc; indeed, these minerals are exploitable by the private sector because of the liberalization of the mining sector. The table below summarizes the mineral potential for which private sector could explore:
|BOMBOREBOROUM||Au*Au*||3314||1,1 g/t1,5 g/t||LodeLode|
|KERBOULE||Au*||> 6||1,4 g/t||Diss. or stockwerk|
|LARAFELLE-BALAGO||Au*||35,6||1,35 g/t||Diss. or stockwerk|
|DIENEMERA||Cu||24||0,8% Cu, 0,5 g/t Au||Diss. or stockwerk|
|GOREN||Cu||40 Mt||0,35% Cu (Mo), Or||Diss. or stockwerk|
|TAMBAO||Mn||19 Mt||45 à 55% Mn||Layer|
|GOUBA||Fe, Ti,V||16 Mt||35% Fe2O3 with 35 000 T of V205 to0,7%||Layer|
|TIN EDIA||Fe, Ti,V||45 Mt||35% Fe2O3 with 160 000 T of V205to 7%||Layer|
|BOUNGA||Ni||20 Mt||1,2%Ni and 0,05% Co||Other type|
|DOUMTENGA||Clay||0,78 to 1 Mt||Materials|
|TIN DIOULAF||Limestone||12,5 Mt||Materials|
|TIN HRASSAN||Limestone||45 to 66 Mt||45 to 55% CaCO3||Materials|
|SAMANDENI||Limestone||7,5 to 12Mt||Materials|
|ALOUB-DJOUANA||Phosphate||100 Mt||20% P205||Materials|
|KODJARI||Phosphate||15 to 30 Mt||20 to 30% P2O5||Materials|
* Resources in metal content
4.1. The sector
The industrial sector has contributed by 21.3% to the GDP in 2010 (INSD). The main industrial branches are: foods, beverages, textiles, hides and skins. The industrial sector is growing with great potential (the growth rate in the industrial production was 6% per year over the period 2008 to 2010).
The country’s industrial policy is directed towards:
– The withdrawal of the State in favor of the private investors
– promoting private industrial investments;
– Creation of industrial growth poles and competitiveness.
12 sectors have been identified (cotton sector, cereals sector, fruits and vegetables sector, oilseed sector, milk sector, meat sector, hides and skins sector, sector of manufacturing and metal products, rubber and plastic sector, sector of quarrying and building materials, sector of fertilizers and pesticides, pharmaceutical sector) as a priority for investment based on the following criteria:
– The availability of raw materials;
– The expected impact on the national economy;
– The existence of local and foreign markets;
– The technology transfer;
– The satisfaction of basic needs of populations;
4.2.1. Raw materials availability
The industrial potentials are defined around a set of products derived from raw materials that allow their transformations:
– Milk processing units;
– Meat processing units;
– Production units for concentrated feed for livestock or poultry;
– Refrigerated slaughterhouses;
– Production units of leather items;
– Processing units for agricultural products: cereals, fruits and vegetables, oilseeds, etc..
– Textile industries (processing units for cotton fiber).
To promote this sector, key reforms should be implemented:
– The creation and servicing of new industrial zones in the cities and growth poles
– The creation of industrial incubators and industrial “clusters”» ;
– The adoption of incentives for industrial investment;
– The adoption of a policy document for industrial development.
4.2.2. The priority value chains
The priority value chains to remember are:
– Edible oils, shea butter, soap and cosmetics, biofuel made from vegetable oil
– Cereals and legumes, derived food products, alcoholic beverages made from cereals, animal feed
– Fruits and vegetables, soft drinks, and other transformations (compotes, jams etc.)
– Livestock, meat, hides and skins, milk and dairy products, and other derivative products
– Cotton, spinning, weaving, dyeing, apparel/clothing
– Pharmaceuticals and herbal products
– Energy: solar thermal based on biofuel (biogas, biodiesel, bioethanol etc.).
– Support value chains
– Mining, metals, quarries and derivative products
– Metal processing and manufacturing
– Support technologies: Assembling of equipment (solar, processing, electronic, etc…),
– Information and communications technology, other technologies
– Special support products: gum arabic, cowpea, etc.
– Construction industry and associated technologies
– The substitution of the importations for raw materials and finished products.
5.1. The sector
The electric power supplied by SONABEL comes from 28 thermal power plants and from four hydroelectric plants (two big plants at Kompienga and Bagré, two of medium size at Niofola and Tourni);
– Capacity: 250 Mega Watts (MW);
– Production and Imports: 737 Giga Watt /hour (GWH);
– Country coverage rate: 45% in 2010;
– Electrification rate: 14% in 2010.
As for solar energy, the country sunshine (5.5 kWh/m2 / day on average for 3 000 to 3 500 hours per year) is untapped.
In March 2004, the Government adopted a plan which established the partial withdrawal of the state in favor of private investors:
– Full liberalization with the possibility for private investment in the production and distribution of electric power;
– The enactment of legislation allowing private sector to generate energy through models such as “Built Operate Transfer” (BOT)
– The possibility for private sector direct exploitation for rural electrification.
The comprehensive program for investment in the energy sector is estimated at about 240 billion CFA F and covers the period from 2004 to 2020. The objective is to increase the country’s electrification rate to 60% by 2015.
Concerning the electricity subsector, the measures proposed are:
– Development of the interconnected national electricity grid with the objective to access cheaper energy sources;
– Development of rural electrification by asserting its specific character as a market sector and rural infrastructure from a perspective of sustainable economic and social development in synergy with other market services and social services;
– Mobilization of concessional and private funds to enable access to electricity in rural areas.
The private sector can be involved in energy generation particularly through the BOT formulas in:
– The construction of large solar power plants of high generation capacity;
– The construction of thermal power plants;
– The realization of hydroelectric works;
– The creation of assembly units of photovoltaic modules;
– The construction of the hydroelectric dam of Noumbiel;
– The pre-electrification of villages by photovoltaic solar systems;
– The construction of the hydroelectric dam of Samandéni with an output of 60 megawatts
(MW) for a production of 200 giga watts per hour (GWH) and a cost estimated at 200 billion CFA F.
6.1. The sector
Burkina Faso, a landlocked country, has always paid great importance to the development of communication infrastructures. Significant efforts have been made to match the road system with increased traffic. All roads linking Burkina Faso to the neighboring countries (Benin, Togo, Ghana, Côte d’Ivoire, Mali, and Niger) were tarred. The railway connects Abidjan Kaya via Bobo-Dioulasso and Ouagadougou, a distance of 1262 kilometers.
The service, from the international airport of Ouagadougou, to the major cities and neighboring European countries, is provided by major airlines, and international connections, including Air Burkina, Air Algeria, Air France, Ethiopian Airlines, Brussels Airlines, Royal Air Morocco, Afriquiya Airways… the focus is on maintaining the latest technology in aviation, of the two international airports of Ouagadougou and Bobo-Dioulasso.
The major infrastructure projects identified are:
6.2.1. Road projects
– Completion and/or project of major roads construction
– Periodic maintenance of 1350, 73 km-long paved roads
– Maintenance of 1779, 3 km-long dirt roads
– 1257 km to be asphalted and 230 km of rural roads funded by the Millennium Challenge
6.2.2. Rail projects
– The rail link (Ouaga/Niger, Ouaga/Ghana);
– The participation in strategic rail project AFRICARAIL initiated by the Economic Community of West African States (ECOWAS) which will link the cities of Ouagadougou, Niamey, Cotonou and Lome (according to the linear Kaya-Cotonou-Parakou-Niamey-Lomé-Ouagadougou-Blitta) over 3065 km, with 1187 km in Burkina Faso.
6.2.3. Air transportation projects
– The construction of a new international airport in Ouagadougou-Donsin by the private sector as Build Operate and Transfer (BOT);
– The refurbishment of the existing airport of Ouagadougou with the participation of foreign private investors who will be the controlling shareholders (65% of shares in the mixed economy company) and serve as technical partners in the management and conduct of ground handling services of the above-mentioned airport.
Donors and Investors are welcome to seize the opportunities of this sector to help finance these new facilities. Business opportunities can take the form of management contracts, financial leasing, privatization or concessions.
7. REAL ESTATE BUSINESS
7.1. The sector
– Average rate of growth in the building sector 7.5% per year;
– Urbanization rate: 20% in 2009 (the rate will be 35% in 2026 when the population reaches 21 million people).
As regards the urban renewal plan the envisaged projects are:
– The project to extend the Administrative and Commercial Activities Area (ZACA) with a program for building economic and real estate infrastructures in an area of 86 hectares in the commercial district of Ouagadougou and open to private investors.
– The project Ouaga 2000 which provides applicants with serviced plots;
– The housing project Bobo 2010;
– The program to build housing units as part of the program of social housing and construction of economic infrastructures over the period 2008 to 2014 through public/private partnership;
– The housing construction within the framework of urban land development and construction of cities;
– Creation of economic growth poles in commercial areas and industrial parks.
8.1. The sector
The tourism sector contributes by 4.2% to the gross domestic product (GDP). Tourism is booming with an average growth of 5.8% per year. Tourism resources of Burkina fall into four main tourist areas:
– The center area is the home of business tourism and conferences. It is the area of major international events with Ouagadougou as the focal point;
– The west area is the territory of resort tourism with its picturesque natural sites;
– The Sahel region attracts tourists with its sand dunes and nomad caravans and a large and diverse birdlife.
– The Eastern zone is the area of hunting tourism. It has some large nature reserves in which Arly, Pama and Park W are the most famous. These wildlife reserves occupy about 481,000 hectares of forest. Elephants, lions, deer and various other small wild herbivores are found there. The Eastern zone has over 3000 acres of fishing water.
-The western region offers many possibilities of ramble especially around the natural cascades. In the south, the Nazinga reserve holds the most concentration of elephants in the West Africa region. Burkina Faso has 5 000 elephants over 7 000 living in West Africa. This represents 80% of the size of this animal valued by the vision Tourism.
Burkina Faso has a legendary reputation for hospitality. Its geographical position favors different sightseeing tours. The country hosts many international scientific and cultural meetings, such as the Pan African Film Festival of Ouagadougou (FESPACO), the International Arts and Handicrafts Trade Show of Ouagadougou (SIAO), the National Culture Week (SNC), the international exhibition of tourism and hospitality of Ouagadougou (SITHO) etc. are held regularly.
– The redevelopment of key tourist sites and the construction of new sites hotels, campsites, “tour operators”, activities of travel agencies and dealers of hunting, etc.
– Creation of tourism poles.
9. INFORMATION AND COMMUNICATIONS TECHNOLOGY (ICT)
9.1. The sector
The Sector has been fully liberalized (fixed line, mobile telephony and Internet), it is open to competition and a regulatory body, the Regulatory Authority for Electronic Communications
(ARCE) has been put in place.
The Sector is opened to private investors in the construction and operation:
– Networking of the country (“back bone”) via the optical fiber;
– Development of the “Wireless Fidelity” (WIFI), the “Worldwide Interoperability for
Microwave Access” (WiMAX) and the “Code Division Multiple Access” (CDMA);
– Development of electronic banking services;
– Invitation to tender for the provision of a fourth mobile phone operator.
PART IV: PUBLIC-PRIVATE PARTNERSHIP (PPP)
5. PPP OPPORTUNITIES IN BURKINA FASO
Potential projects for public-private partnerships are among the following:
. Major agricultural and hydro hydro-electric projects Samendeni, Ouessa;
. The operations within the growth poles, in existing large hydro-agricultural developments or under construction:
. The Sourou valley covers an area of 995 km2 with a potential of 30,000 hectares to
be irrigated, with only 12.72% actually developed;
. The hydro-agricultural and hydroelectric dam of Bagré: The hydro-agricultural potential identified and available downstream from the dam and around the lake is estimated at 30,000 ha, of which 7100 ha irrigated by gravity downstream and 22 900 ha to be irrigated by pumping in the reservoir. A hydro-electric power plant of 16 MW, an eco-tourism center, a fish farm already operational;
. The hydro-agricultural and hydroelectric dam of Samandéni which is under construction will have a capacity of 1.05 billion m3 volume of retention, a hydro-electric power plant of 17 GWh, and will help develop 23 600 ha of land including 20,610 ha of land to be irrigated. An area of diverse activities for agro-industry purposes will be built downstream from the dike of the dam Samandéni.
. The hydroelectric dam of Noumbiel;
. The construction of large solar power plants of high production capacity;
. The construction of refrigerated slaughterhouses;
. The construction of thermal power plants;
. The construction of the new international airport in Ouagadougou-Donsin by the private sector in the form of Build, Operate and Transfer (BOT);
. The rail link (rehabilitation of the railway Abidjan-Ouagadougou, Construction of railways Ouaga / Niger and Ouaga / Ghana);
. The gridding of the national territory (« back bone ») through the optical fiber;
. The construction of a new University Hospital in Bobo Dioulasso;
. The construction of a highway linking Ouagadougou to Bobo Dioulasso, etc.
The public-private partnership is a credible alternative to finance infrastructures and services that are able to boost sustainable growth and social development in Burkina. In fact, they are an opportunity for private sector to invest in attractive infrastructures in the countries, in the best technical and technological conditions, with the flexible and adapted financing while reducing the impact of the implementation of those services and infrastructures on public resources.
For that reason, Burkina Faso should proceed with a fast implementation of this type of partnership with the private sector to reach the objectives that it has set within the framework of the Strategy for Accelerated Growth and Sustainable Development (SCADD) and in the achievement of the Millennium Development Goals. Therefore, it is important that the legislative and regulatory arrangements relative to the PPP be quickly adopted to complete the code of the public contracts.
It is also time to open the procedure for programming projects in order to allow the private sector to propose PPP projects to be realized, offering it the possibility to submit to the commission, spontaneous offers in the priority domains identified by the State. Such an opening can stimulate the realizations of infrastructures prior to or complementary to the PPP projects identified by the Government. Besides, it permits every professional, in his domain of expertise, to bring his support and his expertise to the implementation of the country’s development policy.
REMEMBER: TEN GOOD REASONS TO INVEST IN BURKINA FASO
1. A political and institutional stability based on a permanent quest for social and political consensus;
2. A stable macroeconomic context;
3. A decisive choice for a liberal economy;
4. A supportive legislative and regulatory environment, particularly innovative and incentive, with a firm policy of investment protection, security and promotion;
5. Enormous economic potentials and untapped resources in the fields of agriculture, agro industry, mining, industry, tourism and services. A law on public and private partnerships is being adopted by parliament.
6. An enabling legal and judicial environment, a harmonized business law in continuous improvement in the framework of the Organization for the Harmonization of Business Law in Africa (OHADA);
7. A young, dynamic and enterprising population;
8. A zone of monetary stability, with a common currency within the WAEMU, freely convertible with a fixed parity against the euro;
9. A central location in the heart of West Africa, the Economic Community of West African States (ECOWAS) and the West African Economic and Monetary Union (WAEMU). With six bordering countries from ECOWAS and five from WAEMU, Burkina Faso provides access to a potential market of 73 million inhabitants in the WAEMU and more than 280 million within ECOWAS;
10. A good road network with an effective international transit system, making Burkina a crossroads of trade in WAEMU and ECOWAS.
– SCADD (Strategy for Accelerated Growth and Sustainable Development) 2011-2015;
– 5th Round-table Conference of Burkina Faso, General Report on the private sector, business environment, opportunities for investment and public-private partnership, Ministry of Economy and Finance, December 2011;
– The economic advantages, Burkina Faso, Prime Ministry, 2012;
– International Forum of Private Investors in Burkina Faso, Ministry of Economy and Finance, August 2012.
– Images of Burkina Faso from Google.