Despite security challenges, Burkina Faso's economy demonstrates resilience with promising outlooks. For the 2024 fiscal year, customs aims to collect $1.8 billion.
In Burkina Faso, customs collected CFA262.22 billion ($427 million) in revenue in the first quarter of 2024, according to the Burkina Information Agency (AIB). This collection represents a recovery rate of 100.38% compared to the initially projected CFA261.22 billion.
Despite the security challenges faced by the country, the economy has shown resilience. According to the International Monetary Fund (IMF), the country's economic prospects remain favorable, partly due to reforms implemented during the Transition. This year, the country is expected to become the fourth-largest economy in the CFA zone, reaching $21.9 billion (at current prices) compared to the estimated $20.3 billion in 2023.
It is worth noting that Burkina Faso's General Directorate of Customs aims to collect CFA1,106.2 billion ($1.8 billion) in revenue for the 2024 fiscal year, representing a 10.62% increase from the previous year.
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals....
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Angola, EU sign €50 million Agrinvest deal for Lobito Corridor Project targets agriculture, jobs, and value chains across key...
Togo to receive fuel shipments from Nigeria’s Dangote refinery Refinery exports 456,000 tons to five African countries Move aims to cut...
Sunil Bharti Mittal to step down as chairman in July Gopal Vittal appointed to lead as part of planned succession Transition comes amid rapid growth...
Koryx adds gold and molybdenum to Haib resource estimate Update points to stronger profitability and longer mine life New prefeasibility study...
AI forces newsrooms to balance automation with credibility and trust Agentic AI boosts efficiency but risks scaling disinformation...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...