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.
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
GSMA outlines reforms needed to meet targets of the New Technological Deal 2034 High mobile taxes...
M-Pesa accuses Ethio Telecom of blocking access to new Lehulum app App aims to offer unive...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
Deadly floods hit Safi on Dec 14, 2025, killing at least 21 and damaging homes, roads, and key urban areas. No official reports of damage at...
Bilateral trade surged 80% to hit $143m in 10 months, while Al Mana Holding committed $200m to a sustainable aviation fuel plant in...
Senegal to scrap mobile roaming charges with four neighbours Free incoming calls, local rates apply from March 2026 Move supports ECOWAS...
Mauritania secures $60 million Saudi loan for major power project Funding builds 182 km Nouakchott-Néma high-voltage transmission...
In line with a broad movement acknowledging colonial-era spoliations and seeking to rebalance cultural relations between Africa and Europe, countries such...
MoMA opens Pan-African portrait photography exhibition on December 14 Show explores mid-20th century African identity and political...