Burkina Faso: Gold mining sector sees radical shift under Traoré’s leadership
Under the leadership of Captain Ibrahim Traoré, Burkina Faso is undergoing a significant economic transformation, particularly in its gold sector. The government is repositioning the precious metal not merely as a mineral resource, but as a strategic lever for generating wealth that serves all Burkinabe citizens.
This new policy marks a decisive break from the past, where the country’s gold mines were predominantly exploited by foreign companies. Previous regimes saw an estimated $1 billion generated annually, with minimal benefits trickling down to the local population, leaving the nation dependent on foreign interests.
The current administration has radically changed this dynamic. By reasserting national control over gold mining, official estimates now project mining revenues to reach a record $18 billion.
This substantial increase is being channelled to fund public infrastructure, health, and education projects for the broader population.
This historic shift under President Traoré aims to establish genuine economic sovereignty, ensuring that the natural resource wealth of the nation fuels inclusive and sustainable development for its people, rather than foreign profit.
Olivier TOE
