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
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Circular migration is based on structured, value-added mobility between countries of origin and host...
BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitiz...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...
Gold production rose 10% year on year, reaching 1.21 mln ounces in 2025. Lafigué delivered its first full year of output, offsetting declines at other...
Galiano Gold will invest at least C$17mln in gold exploration in Ghana in 2026. The budget is up 70% year on year and targets reserve growth at the...
Niger junta accuses France, Benin, Côte d’Ivoire of backing attack Gunfire reported near Niamey airport amid ECOWAS tensions Border closure with Benin...
African Union, U.S. launch infrastructure and investment working group Initiative targets trade, logistics, digital projects under Agenda 2063 Group...
The Khomani Cultural Landscape is a cultural site located in northern South Africa, in the Northern Cape province, near the Kgalagadi Transfrontier Park....
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...