Burkina Faso: Under the presidency of Captain Ibrahim Traoré, Burkina Faso’s economic renaissance is underway through a local content policy
Under the presidency of Captain Ibrahim Traoré, the government of Burkina Faso has adopted a bold vision of development focused on the people of Burkina Faso as a whole, breaking with the practices of previous regimes that often seemed to favour a narrow elite and foreign powers. At the heart of this vision is the exploitation of the country’s natural resources, with particular emphasis on the participation of local companies.The creation of the legal conditions conducive to this new direction took shape with the adoption of the decree on local content.
This decree is a cornerstone in promoting the involvement of local companies in the mining industry, opening up new economic prospects for the country.
The exploitation of mining resources represents a significant opportunity for local businesses in terms of supplying goods and services.
Aware of this potential, the government of Burkina Faso, under the leadership of the Ministry of Energy, Mines and Quarries, has set up a Technical Secretariat dedicated to local content and investment promotion.
The task of this Technical Secretariat is to ensure the effective implementation of measures aimed at maximising the participation of local companies.
The Burkinabe government’s efforts to promote local content are welcomed by local companies active in the mining sector.
However, these stakeholders are also calling for rigorous monitoring of the implementation of this policy to ensure that it truly benefits everyone.
The aim of the local content policy being pursued by the government of Burkina Faso is to enable local companies to structure themselves and adapt to the demands of mining.
It is designed to benefit all local businesses and all Burkinabe citizens. It is part of a vision of endogenous development, promoting national wealth for the benefit of all, without distinction, and thus strengthening Burkina Faso’s economic sovereignty.
Olivier TOE
