Burkina Faso and Oman have signed a significant investment agreement spanning key sectors, marking a pivotal step in their burgeoning bilateral relations. The deal, announced by Burkina Faso's Ministry of Foreign Affairs on August 28, 2025, focuses on mining, agriculture, and energy.
Karamoko Jean-Marie Traoré, Burkina Faso's Foreign Minister, stated that the Omani sovereign wealth fund's targeted sectors align with Burkina Faso's "strategic priorities," hailing the convergence as a potential catalyst for national development.
Abdulsalam Bin Mohammad Al Murshidi, Chairman of Oman's Sovereign Wealth Fund
Authority, characterized the signing as a "first step" toward enhanced cooperation, urging swift implementation of the agreed projects to maintain momentum.
This rapprochement follows recent bilateral discussions. Despite nascent diplomatic ties and a lack of direct diplomatic representation, the agreement signifies a crucial milestone in solidifying their relationship.
Oman continues to expand its partnerships across Africa, having concluded several agreements with Morocco in April 2025 and signing a memorandum of understanding with Algeria in May for the establishment of a joint investment fund.
This article was initially published in French by Ingrid Haffiny (intern)
Adapted in English by Ange Jason Quenum
Botswana signs $12 billion investment agreement with Qatar’s Al Mansour Holdings Deal spans ...
It’s a common scene in any Lomé (Togo) market, but it’s telling. A customer hands a 10,000 CFA franc...
Africa surpasses 70 GW renewables, remains import-dependent. China dominates solar, batteries...
Zambia and Qatar’s Al Mansour Holdings signed a $19 billion partnership in Lusaka. The...
Egypt’s handset market is projected to leap from $2.5 billion in 2025 to $4.8 billion by...
Namibia has launched a national campaign to renovate dilapidated schools across all 14 regions and 121 constituencies. The initiative aims to upgrade...
Guaranty Trust Holding Company Plc (GTCO) has injected N365.9 billion ($238.5 million) into its subsidiary, Guaranty Trust Bank Limited (GTBank), to...
• Conakry airport records 446,335 passengers in H1 2025, up 20%• Growth driven by mining projects, more international flights• Expansion underway to...
• Harena Resources takes full control of Madagascar rare earths project• Ampasindava deposit holds 606,000 tonnes of TREO reserves• Mine construction cost...
• Grand Egyptian Museum to open November 1 near Giza Pyramids• TikTok named official digital partner for live-streamed ceremony• GEM to display 100,000+...
• Brazzaville hosts first Mwassi festival for African women filmmakers• Festival offers screenings, panels, and professional training workshops• Women...