Burkina Faso

Overview

Burkina Faso (formerly Upper Volta) achieved independence from France in 1960, also known by its short-form name Burkina, is a landlocked nation in West Africa. It is surrounded by six countries: Mali to the north, Niger to the east, Benin to the south east, Togo and Ghana to the south, and Cote d'Ivoire to the south west. Repeated military coups during the 1970s and 1980s were followed by multiparty elections in the early 1990s. Burkina Faso's high population growth and limited natural resources result in poor economic prospects for the majority of its citizens.

Economy

Burkina Faso is a poor, landlocked country that depends on adequate rainfall. About 90% of the population is engaged in subsistence agriculture and cotton is the main cash crop. The country has few natural resources and a weak industrial base. Cotton and gold are key exports. Since 1998, Burkina Faso has begun to privatize state-owned enterprises and in 2004 revised its investment code to attract foreign investment. As a result, the country has seen an upswing in gold exploration, production, and export. The Burkinabé economy experienced high levels of growth over the last few years but growth is highly dependent on swings in gold and cotton prices. In 2013 Burkina Faso experienced a number of public protests over the cost of living, corruption, and other socioeconomic issues. To defuse tensions the government has offered higher housing bonuses, reduced income taxes, and price controls. Turmoil in neighbouring Mali, unreliable energy supplies, and poor transportation links pose longer-term challenges.

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28 Matters
Access to free legal advice for NGOs on Disaster Risk Reduction laws

Advice on disaster risk reduction laws - OHADA countries

We advised a global charity working in partnership with the world's leading law firms, on the provision of free access to legal advice for... More

International share scheme advice &  in-country rules in OHADA region

Employee Benefits & Share Schemes Plan - OHADA region

We advised a client active within OHADA region, completing an initial country questionnaire/ checklist, and subsequently assisted the... More

Assisting global logistics company across 3 jurisdictions

Employees’ redundancy across 3 jurisdictions

We advised a global logistics company on the redundancy of its employees in Burkina Faso, Guinea and Madagascar. We also acted for the same... More

Facilitating large-scale corporate operations across Africa

Telecoms regulatory advice across multiple French-speaking African countries

We advised an American equipment manufacturer service provider, interested in installations and operations in Burkina Faso, Gabon, Niger,... More

Call us with your telecommunications law questions

Advice on the implementation of new software

We advised a major mobile phone retailer on the regulatory regime and legal risks for the implementation of its new software across ten... More

Facilitating international development.

Development programs in 7 African countries

We advised an international development company, which implements three to six-year international development programs funded by the United... More

OHADA guide on oil & gas activities

OHADA guide on oil & gas activities

Working with a multinational law firm headquartered in London, we prepared a guide containing entry-level information for conducting oil... More

Setting up shop in Africa

International outsourcing service provider

We assisted a world-leading service provider in IT outsourcing in setting-up in Gabon, Burkina Faso, Chad and Niger. We advised on company... More

TSX & NYSE advice on financing gold mine

Equipment Refinancing Facility - Burkina Faso

We advised a TSX and NYSE listed gold-streaming company on its financing of a gold project in Burkina... More

Capital raising on gold project

Bought deal financing

We advised a TSXV-listed Canadian exploration company, in relation to a capital raising and provided time-sensitive due diligence on its... More

Capital raising on gold project

Capital raising advice on gold project

We advised a TSXV listed Canadian exploration company on capital raising. We undertook due diligence on its gold project within a very... More

Mining assets in Burkina Faso.

Mining investment in Burkina Faso and Mali

We advised a major Canadian fund on its investment into mining assets in Burkina Faso and Mali. We conducted full due diligence on both the... More