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.
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...
A Telecel entrou oficialmente no mercado de telecomunicações do Gana em fevereiro de 2023, ao assumir as operações da Vodafone, então em dificuldades....
DR Congo issues new rules for regulated digital services Framework sets authorization process, five-year renewable permits Operators must...
Kenya signs deal with China’s Stecol to upgrade Nairobi road Project expands 23.5km route to dual carriageway with interchanges $298.9M China...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as military tensions escalate between Iran, Israel and the...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...