Research and consulting in Burkina Faso
IOA’s experience conducting research and providing consulting services in Burkina Faso has been on-going for many years, empowering our ability to offer insights on topics and trends in the West African country. The impoverished state is among the world’s ten least-developed, IOA researchers have found. Following the overthrow of government and the constitution in 2022, the Economic Community of West African States and the African Union suspended Burkina Faso from their developmental and mutual assistance bodies until political order is restored. On-going terrorist attacks have resulted in the closure of 16% of schools and population displacement.
IOA economic consultants have determined that, although mineral resources have the potential to expand the mining sector (particularly with gold production on the rise), with few natural resources, the economy depends on the utilisation of land for agriculture.
Key opportunities in Burkina Faso:
- Agricultural land can be utilised for industrial-scale production, particularly cotton
- IOA analysts have determined the country’s mineral deposits (including gold, manganese and zinc) have more commercial potential than is now being realised
- International pressure on the junta controlling governance is leading to the restoration of constitutional government and a better business environment
Key concerns/risks in Burkina Faso:
- The country’s poverty and lack of development have too long remained unaddressed
- Recent droughts have shown the country is vulnerable to climate change, and IOA researchers have found no policies in place to address this worsening environmental challenge
- Because of poverty and a lack of opportunity, Burkina Faso is one of Sub-Saharan Africa’s largest sources of migrants, which has also resulted in the removal of entrepreneurs and the educated needed to build an economy