BURKINA FASO--------------------UNITÉ - PROGRÈS - JUSTICEINVEST IN
BURKINA FASOCONTENTS

I. Burkina Faso presentation

CONTENTS
P.3

I.

Burkina Faso Presentation

P.4

II.

Burkina Faso potential

P.5

III.

10 good reasons to invest in Burkina Faso

P.6

IV.

Investment opportunities based on sector

P.10
V.
		

Priority projects of the National Plan for
Economic and Social Development (PNDES)

P.13

VI.

Investments code and business climate

P.18

VII.

Burkina Faso Investment Agency presentation

P.19

VIII.

Chamber of Commerce presentation

P.20

IX.

How to invest in Burkina Faso

P.20

X.

Government Guarantees given to foreign investors

P.21

XI.

Practical informations

P.24

XII.

Contact address• Burkina Faso means in local language « Country of upright people »• Geographic location :West Africa, member State of UEMOA and ECOWAS• Population:		
20 870 060 (2019)			
with 67% under 25 years old			and 52% of women• Official language : 		French• System of government :Democracy• President : 		His Excellency Roch Marc Christian KABORE• Prime Minister : 		His Excellency Christophe Joseph Marie DABIRE- Minister of Foreign Affairs and Cooperation :			Alpha BARRY- Minister of Economy, Finance and Development :			Lassané KABORE- Minister of Trade, Industry and Handicraft :			Harouna KABORE- President of Chamber of Commerce and Industry :			Mahamadi SAVADOGO- Chief Executive Manager of Burkina Faso Investment Agency:
			Huguette R.N BAMA/OUILI- General Manager of Chamber of Commerce and Industry :			Issaka KARGOUGOU- Chief Executive Manager of Companies House of Burkina Faso :			Lancina KY- Chief Executive Manager of exports Agency:			Issa BAGUIYAN• Currency : 1 dollars US = 567 CFA (April 17, 2018)• GDP growth rate in 2018 : 6.6%
• Inflation rate 2018 : 1.5%
• Exports : 3 285 825 000 USD• Agriculture -2018 cotton production : 436 000 tonnes• Energy - Coverage rate (2017) : 35.58%
Electrification rate : 20.62%
Available power 2018 : 351.7 KWH
Deficit 2018 : 60MW
• Mine - Gold Resources : 500 tonnes
Gold production in 2018 : 51.4 tonnes• Administrative Regions : 13 (Centre, Central Plateau, Western Centre, Eastern Centre,
Northern Centre, Southern Centre, North, Sahel, Boucle du Mouhoun, Hauts Bassins,
Cascades, Western South, and East Region)• Independence Day : August 04, 1960
• Capital city : Ouagadougou• Spoken languages : French, Moore, Dioula, etc.
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II. Burkina Faso potential

III. 10 good reasons to invest in Burkina Faso

Burkina Faso National Plan for Economic andSocial Development (PNDES) of 2016-2020
period general objective, as a national referential for State and its partners actions, is to
structurally transform Burkina Faso economy
into a country with a strong, sustainable,
resilient, job creating growth while including
social well-being improvement.
PNDES is divided in three strategic axes:

REFORM
INSTITUTIONSMODERNIZEADMINISTRATION
THROUGH
HUMAN CAPITALIMPROVEMENTSTIMULATEECONOMY ANDJOB CREATIONGROWTH MARKETSPNDES implementation total amount is

28 800 669 916.898 USD
so an annual average amount of01

Political and economic governance in radical reform

02

Stable and sustainable healthy macroeconomic context

03

Economy opened to foreign investments

04

Favourable legal and regulatory framework

05

Zone of monetary stability freely convertible with a fixed parity to Euro(1€= 655,957 FCFA)

06

Young and active population

07

Central geographic location in the heart of Western Africa open
on a market of 300 million consumers

08

Legal and judicial growth market environment,a standardized company law (OHADA)

09

Outstanding international road network which contributes to makeBurkina Faso a trade crossroad for Western Africa countries;

10

Huge economic potential in agriculture, facilities, mining, industry,
tourism, and services.

5 759 594 947.127 USD.
The percentage allowed to investments expenditures (including capital transfer) is
54.6% representing an amount of 1 571 665 623.67 USD during that period
thus 3 142 974 618,851 USD per year.

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IV. Investment opportunities based on sector

IV. Investment opportunities based on sector

AGRICULTURE

AGRICULTURE

9 million ha,

only 1/3 are farmed

Ore		Gold 			Copper 		Manganese 		Iron, Titanium, Vanadium
Nickel 		Bauxite 		Limestone 		Dolomites 		Phosphate 		
Antimony 		Graphite 		Marble 		

Water resources:
surface water (10 billion m3); underground water (113 billion m3)

About 45%of fruit and vegetable crop are lost because of the lack of storage means

25.000 ha of land in development process in growth centres
Cotton (about 581 000T in 2016): among the greatest producing country in Africa
23.2 millions of ruminant and 42.2 million of poultry bred

Resources (tonnes)
500
70 Million
119 Million
66 Million
30 Million
12.7 Million
93.1 Million
20.7 Million
131.2 Million
700
9,000
100 Million

INFRASTRUCTURES

ENERGY
Sector liberalization 		Low rate of country cover: 33.32%

Low rate of electrification: 18.83%

OuagadougouYamoussoukro
motorway

Railway
Abidjan-OuagaNiamey-Cotonou

Dry port ofOuagadougou

Main roads restoration

Hydroelectric
dams construction

Demand increase: + 13% / year

Available power 325MW, objective 1000 MW in 2020
National peak of 263MW in 2016

International
airport of Donsin

Thermic diesel production: 62.80%

Hydroelectric production: 6,48%
Imports from neighbouring countries (Ivory Coast, Togo, Ghana): 30.72%
Average gap of 60MW in 2016

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IV. Investment opportunities based on sector

IV. Investment opportunities based on sector

ICTs

EDUCATION
High output
internetconnexion 4 G– Internet Box

Added value
services: Video on
demand, mobile
applications, online
payment andadvertisement

E-Governanceimprovement:
Access to
public services
on internet

Cloud service– Data centres
management

鉱物		
Trade andengineering schools

Digital and
DTTV radio
contents andchannels

資源（単位：トン）
Vocational training
centresE-learning
offer

Device andcomputerassembling
plants, electronic
security system

TOURISM AND HOTEL BUSINESSElectronic
deviceassembling

HEALTH

Luxury hotels
constructionand exploitation

Modern restaurants
construction
and managementin big cities

Leisure modern facilities
construction andexploitation (theme parks,zoo, amusement parks,
leisure and relaxation
complexes) in big cities

Construction andmanagement of sub
regional training facilities
in tourism and hotelbusiness jobs

Tourist attractions
development
and exploitation

Hunting areas
development
and exploitation

・Private healthcare centres exploitation(clinics, polyclinics, specialised treatment centre, etc.)• Hospitals of 200 to 500 beds construction through PPP• Health job training opportunities;• Pharmaceutical equipment and product manufacturing;• Equipment maintenance

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V. Priority projects of the National Plan foreconomic and social Development (PNDES)

V. Priority projects of the National Plan foreconomic and social Development (PNDES)AGRICULTURE:

INDUSTRY:• Agricultural inputs and equipment supply plant creation project (CAIMA)• Bagre growth centre project• Secondary schools which train farmers creation project in each region• Agricultural and food risks management method implementation project• Support project to growth centres promotion and regional productive systems in Burkina
Faso (PAP-PCSPR)• Agricultural mechanization and support to hydraulic sector development project• Hydro-agricultural and irrigated areas development project• Livestock vaccine production unit creation project at the national breeding laboratory of
Ouagadougou• Veterinary medicine purchase plant implementation project (CAMVET) in Burkina Faso
• 611 drinkable water conveyances carrying out project• 10 376 new borings digging project• 2000 ecological villages creation project• City waste treatment and recovering industrial plants implementation project• Special economic zones (ZES) creation project;• Multimodal dry port creation project in the town of Ouagadougou• Ordinary spinning industry implementation in Bobo Dioulasso;• Small and medium sized companies and small and medium sized industries creation anddevelopment support project (PACD-PME/PMI) ;• Organic fertilizers made of natural phosphate production project;• New industrial zone service project in Bobo Dioulasso;• Refrigerator abattoir construction project• Dairy installation project;• The national centre in support to traditional cotton processing (CNATAC)in Bobo Dioulasso construction and equipment supply project

HEALTH:• Community health centre (CSPS), Hospital with surgery units (CMA), university hospitals(CHU), regional hospitals (CHR) construction and equipment supply project• High quality specialised in neurosurgery hospital construction and equipment supply
project in Ouagadougou• Two geriatrician centres construction and equipment supply project in Ouagadougou and
Bobo-Dioulasso• Two haemodialysis centres construction and equipment supply project

ENERGY:• Hydrocarbon pipelines and storage warehouse construction project• Steam generating stations construction project• Photovoltaic solar energy stations construction project• Solar equipment assembling plant implementation project in partnership with international companies • Hydroelectric plant construction project• Health and school facilities electrification, installation of solar pump in rural area and solar street lamp installation project• Household bio-digester technologies development and popularization project for urban
and rural families

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V. Priority projects of the National Plan foreconomic and social Development (PNDES)

VI. Investments code and business climate

EDUCATION AND TRAINING:

Investments code provides four schemes in favour of investors:• Educational buildings and amphitheatres construction project in universities• Three science and technology park facilities creation project• Hostels construction and equipment supply project• Two technical capacity construction and equipment supply project• 45 centres of technical education and vocational training construction project• 13 scientific secondary schools construction project in the 13 regions

Incentives
The different schemes and their characteristics
Terms

Scheme A

Investmentlevel≥ 175 000 USD ≥ 875 000 USD&&≤ 875 000 USD ≤ 3 500 000
USD

Job creation

At least 20 jobs At least 30 jobs At least 40 jobs At least 30 jobs At least 100
createdcreatedcreatedcreatedjobs createdExportproduction-

INFRASTRUCTURES:• 40 000 social and economic accommodations construction five year programme• Motorway Ouagadougou - Yamoussoukro (Ouagadougou - Koudougou section) construction and asphalting project• Roads development and asphalting works• Telecommunication national Backbone project (PBNT)• Tollbooth restoration on the entire road network

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Scheme B-

Scheme C

Scheme D≥ 3,5 000 000
USD &≤ 44 000 000
USD≥ 1,75 000 000 ≥ 44 000 000
USD
USD

-

Scheme E

At least 80%

Investment Period
CustomsdutiesSettlement of customs duties under category 1 of customs tariffs
to the rate of 5% on operational equipment and first batch of spareparts.

Value addedtax (VAT)

Exemption from value-added tax (VAT) payable on operational equipment and firstbatch of spare parts;

Direct taxes• Direct taxes (exemptions)√ Corporation tax (IS);√ Contribution of patents (Patente);√ Property tax of companies;√ Employer and apprenticeship tax√ Tax on receivables income (IRC).

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0%

VI. Investments code and business climate

Operation Period
Terms

Scheme A

VI. Investments code and business climate

Operation Period
Scheme B

Scheme C

Scheme D

Scheme E

Corporate Tax √ Total exemp- √ Total exemp- √ Total exemp- √ Total exemp- √ Total exemp(IS)tion during the tion during the tion during the tion during the tion during thefirst 02 years
first 03 years
first 04 years
first 04 years
first seven (07)
years
√ 50%
√ 50%
√ 50%
√ 50%
reduction in
reduction in
reduction in
reduction in• Corporation
corporation tax corporation tax corporation tax corporation tax tax (IS)(IS) from 3rd to (IS) from 4th to (IS) from 5th to (IS) from 5th to
5th year
6th year
7th year
7th year• Tax onincome from√ Full payment √ Full payment √ Full payment √ Full payment securitiesof tax at theof tax from the of tax from the of tax from the (IRVM)
6th, year
7th year
8th year
8th year• Instalments

Terms

Scheme A

Scheme B

Scheme C

Customs
DutiesExemptionfrom the advalorem duty
for 5 years

Property taxof thecompanies

Total exempTotal exempTotal exemption for 5 years tion for 6 years tion for to 7
years

Total exempTotal exemption for 7 years tion for 7
years

Employer’s
contribution
and apprenticeship tax(TPA)

Total exempTotal exempTotal exemption for 5 years tion for 6 years tion for to 7
years

Total exempTotal exemption for 7 years tion for 7 years

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Exemptionfrom the advalorem dutyfor 6 years• Total exemption from
customs duties
and taxes onexports ofgoods produced
or processed
under theproject, with the
exception of the
IT feeExemption from Exemption from Exemption
ad valorem
ad valorem
from adduty for 7 years duty for 7 years valorem duty
for 7 years

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Scheme E• Paymentof duties andcustoms duties
at a cumulative
rate of 7.3% on
all goods andservices
imported, forseven (07)years

√ Corporatetax (IS): 15%
from the 8th to15th years
Trading
licence tax

Scheme D

Specifics provisions
ADVANTAGES• Two additional years extension of operating benefits related to their accrediRELATED TO DECENtation regime;
TRALIZATION• For the Corporate Tax , the extension of the two (2) years applies to the 1st(companies located at
tranche of the exemption;
least fifty (50)kilometers from Oua- • For transfer duties for valuable consideration: Total exemption over five (5)gadougou)
years for all real estate acquisitions made in connection with the investment;

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VI. Investments code and business climate

VI. Investments code and business climate

Specifics provisions
BENEFITS RELATING TO
CERTAIN SECTORS OF
ACTIVITIES (processingof agro-sylvo-pastoral,
fish and wildlife raw materials, renewable energy
and environmental andhandicraft sectors)

Tax exemptions concern investment phase (customs duty at 5% rate and VAT) andoperation phase (extension of tax on profit, exemption from the ad valorem duty from
5 to 7 years, exemption from employer’s apprenticeship tax from 5 to 7 years).

• One-quarter reduction in eligibility conditions (volume of investment andnumber of jobs to be created)• For the SI: the extension of the two (2) years applies to the 1st trancheof the exemption.

The legal framework is always improving making business climate attractive andBurkina Faso a privileged investments destination.

• For transfer duties for valuable consideration: Total exemption for five (5)fiscal years for all real estate acquisitions made in connection with theinvestment.

Business climate is made of:• Your company creation in only 24 or 72 hours• Opportunity to take advantage of preferential opportunities of the investment code(for investments of more than 200,000 US$)• Opportunity to take advantage of bonded warehouse, industrial warehouse
schemes for any company in accordance with laws in force• Opportunity to take advantage of Trade Liberalization Plan accreditation (SLE/UEMOA/CEDEAO) for plants in accordance with required conditions• Single companies tax at a rate of 27.5% in 2010
• Implementation of an integrated system of Guichet Uniques (one stop shop)• Information and credit office• Burkina Faso Investment Agency (ABI) which supports investors• « Doing Business » indicators monitoring steering committee• Implementation of a State orders regulation Authority (ARCOP) and a department
of dispute settlement out of court• Implementation of a Virtual Liaison System for import and export operations(SYLVIE)

Investment phase• Exemption from the Value Added Tax (VAT)• Exemption from customs duties• Exemption from direct taxes below- corporation tax (IS)- contribution of patents (CP)- Property tax of the Companies- Patronal and Apprenticeship Tax (TPA)
Operation phase
SPECIFIC TAX AND
CUSTOMS REGIME FORGROWTH POLES AND
SPECIAL ECONOMICZONESINVEST IN BURKINA FASO

• Customs duties and taxes at a cumulative rate of 7.3% on all imported
goods and services, for a period of ten (10) years• Export of goods and services produced or processed under the projectwith total relief from duties and taxes• Total exemption from corporation tax (IS) for the first seven (7) years
and application of a rate of 15% to taxable profit from the 8th year to the15th year• Exemption for the first seven (07) years• installments• the contribution of patents• the property tax of companies (TFS)• Corporate Tax and Apprenticeship (TPA)• Securities Income Tax (IRVM)• Sales of goods and services made are exempt from the Value Added
Tax (VAT)• Purchases of goods and services intended exclusively for the operation
are exempted from the Value Added Tax (VAT) (excluding the tax on
goods and services excluded from the right of deduction according to
tax legislation

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VII. Burkina Faso Investments Agency

VIII. Chamber of Commerce presentation

Burkina Faso Investments Agency was created in 2018, after the dissolution of the Investment promotion Ageny of Burkina Faso (API-BF) which
had been created in 2013.
Burkina Faso Investments Agency is the national coordinator for the promotion of investments. The role of the Agency is to federate, coordinate
and organize all government initiatives and actions in terms of promoting
investments.

CCI-BF is a professional public institution endowed with legal entity,financial and management autonomy. It is under technical supervision oftheMinistry in charge of Trade and Industry. It has three missions. Advisory
mission: It aims at giving to authority advice and information they may ask
for trade, industrial and service issues and presents business opinions on
ways to increase economic prosperity.

Assignments :Representation mission: it consists in CCI-BF representation creation
within institutions and bodies such as : Social and Economic Council(CES),
privatization Commission, Regional Consular Chamber of UEMOA, International Chamber of Commerce, Permanent Conference of African andFrench Consular Chamber , etc. Through this large consular network, theChamber of Commerce and Industry of Burkina Faso is able to represent
Burkina Faso business actors in all the instances where economic interests are discussed and where economic cooperation, trade integrationand promotion issues are decided.

The ABI offers a free and professional service to all investors wishing toinvest in Burkina Faso.
It is the main entry point to the investments and is tasked with:√ Promoting Burkina Faso as a preferred investment destination√ Attracting and monitoring large volume investment projects√ Welcoming and assisting investors in the various stages of creation and√ establishment of their companies√ Developing joint venture partnerships & PPPs
√ Mobilizing financial and / or technical partners for large-scale projects√ Helping remove the blockages encountered by promoters, if applicable√ And ensuring a good business climate in Burkina Faso

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Administrative mission: it consists in state approved service and generalinterest which can be exercised over several sectors. In fact, CCI-BF canacquire and manage trade, industry and institutions or neutral service
interest insuring security and professions and activities loyalty it represents and thus contributes to the whole economic community prosperity.

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IX. How to invest in Burkina Faso

XI. Practical information
1. Political stability in Burkina Faso

• Contact the Burkina Faso Investment Agency (www.investburkina.com)• Create your company and submit your accreditation application to investments code to
the House of Companies of Burkina Faso (www.me.bf)• Extend one’s regional presence towards Burkina Faso
• Expand one’s projects or create a joint-venture with local companies• Apply for international call for tenders• Take the initiative to submit one’s own project to PPP or apply for as potential partner for
already existing projects

The government is from a free and open election hold in 2015 and greeted by the international community.

2. Social context• A young population : average age of 21 years old• Urbanization rate : 22.7%• Rural population rate: 69,312%*• Birth rate : 39,436 pour 1000*• Death rate : 8,818 pour 1000*• Life expectancy : 59,845**Figures: World Bank 2015

3. Travel in Burkina Faso for one’s business

X. Government Guarantees given toforeign investorsa) Main long haul airlines companies travelling from and to Burkina Faso.
• Air France.
• Ethiopian Airlines• Turkish airlines• Brussels airlines

In the objective to give security to investors and their investments, investments code provisions provide for rights and guaranties, mainlyb) Time zone : Burkina Faso = GMT• Freedom to acquire any rights useful for their activities running• Companies management freedom without discrimination based on citizenship in accordance with the law in force• Companies protection in terms of security of tenure and intellectual property without discrimination based on citizenship• Freedom for employees to transfer their salaries• Subject to change regulations, freedom for foreigner investors to transfer the dispose ofcurrency at the time of aforementioned investments settlement, dividends, assets products of all nature invest, liquidation products or their holdings realization

4. Health formalities
Yellow fever vaccination certificate is required for all passengers. As precaution actions, avaccine against cholera is advised. A preventive
treatment against malaria is advised before, during and after your stay.
Compulsory vaccine: yellow fever Advised vaccines: Diphtheria, tetanus,
poliomyelitis, tuberculosis, hepatitis B, typhoid fever and meningitis.
Malaria: transmission through mosquito bites.
Symptoms: shivers, high temperature and lot of sweat.
To protect oneself: sleep under mosquito net. Use creams and insecticides against mosquitoes.

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XI. Practical information

XI. Practical information

5. Visa

7. Burkina Faso days off

By Decree No. 2010-074 / PRES / PM / MEF of March 3, 2010, on the pricing of services inthe Diplomatic and Consular Missions of Burkina Faso abroad and the Central Administration, the Government of Burkina Faso has adopted new entry visa fees in Burkina Faso.

Public holidays and days off (*)
			

one entry 		
several entries
one entry 		
several entries
one entry 		
several entries

65.000 FCFA
78.000 FCFA
85.000 FCFA
92.000 FCFA
118.000 FCFA
131.000FCFA

Paid holiday» »• Long stay Visa (max. 6 months) 		
• Long stay Visa (max. 6 months) 		
• Long stay Visa (max. 12 months) 		
• Long stay Visa (max. 12 months) 		
• Long stay Visa (more than 1 year)• Long stay Visa (more than 1 year)

Paid holiday unless it ison Sunday
Paid holiday
Paid holiday unless it ison Sunday
Paid holiday
Paid holiday
Paid holiday
Paid holiday»

47.000 FCFA
59.000 FCFA

January 1st 		
Holliday and day off					January 3rd 				March 8th										
May 1st					
May 2nd if on Sunday				August 5 th					
October 15th				
October 31st popular uprising		
commemoration Day		
December 11th		
		
December 12th if on Sunday		
December 25									
Easter Monday				The Ascension				
The Assumption									All Saints’ Day									
Mouloud										
Ramadan or Aîd El Segheir							Tabaski or Aîd El Kébir		
		
					

Paid holiday
Paid holiday
Paid holiday unless it ison Sunday
Paid holiday
Paid holiday
Paid holiday unless it ison Sunday
Paid holiday unless it ison Sunday
Paid holiday unless it ison Sunday
Paid holiday unless it ison Sunday
Paid holiday unless it ison Sunday»

6. Burkina Faso climate and vegetation.

»

Vegetation is desert like in North, wooded and shrubby savanna in Centre,
gallery-forest in South.
Burkina Faso has a tropical climate characterised by two seasons: one dry season from
November to May and one rainy season from June to October.

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Impact of civil servant days off
as provided by labour laws

» » » »

one entry 		
son several entries»• Short stay visa (1 to 90 days) 		
• Short stay visa (1 to 90 days) 		

Impact of civil
servant days off

XII. Contact
Useful addresses for foreign investors

Burkina Faso Investment Agency(ABI)
Phone: 00 226 25 37 44 49
Email: info@investburkina.com
Website: www.investburkina.com

Companies House of Burkina Faso
(MEBF)
Phone: 00 226 25 39 80 60/61
Website: www.me.bf

Chamber of Commerce and Industry of Burkina Faso
(CCI-BF)
Phone: 00 226 30 61 14/15
Website: www.cci.bf

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