See Why Foreigners Are Investing In BURKINA FASO

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Burkina Faso is Africa's leading cotton producer, Africa's 5th largest producer and exporter of Gold. Its economy is hampered by its faulty infrastructure, including electrical infrastructure. Mining, real estate development, renewable energies and solar photovoltaic are some of the promising sectors for investment. Burkina Faso does not have conditions favorable to large scale agricultural production. Cotton production has greatly improved through technical assistance, better transport infrastructure, and processing facilities. The government is working anxiously to improve the industrial sector with upgrades to transport infrastructure and subsidies for manufacturers. Mobile penetration, at approximately 50 percent to 55 percent, is still below the average for Africa. 1.5 percent of its populations have access to the Internet. A boost of 10 percent in mobile penetration could generate about 4.3 percent growth in GDP per capita. Burkina Faso's economy is heavily reliant on natural resources and agriculture. It is Africa's 4th largest producer of gold and Africa's leading Cotton producer. Its industrial sector is dominated by State owned enterprises which contributed to 19.5 percent of GDP in 2018. Burkina Faso has been ranked 151st worldwide for the ease of doing business. The country's economy is favorable to trade and its infrastructure is satisfactory. Its lack of access to the sea and agricultural resources, as well as its industrial sector pose major hindrances to investments. The agricultural sector accounted for an estimated 30 percent of Burkina Faso's GDP in 2019. The industrial sector is dominated by State owned corporations and contributed to 25.6 percent of GDP. Gold accounts for around three quarters of the country's total export revenues.

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