Investors back Burkina Faso

Investors have announced preliminary funding for a pipeline of projects in Burkina Faso.

The first session of the National Plan of Economic and Social Development (PNDES) conference in Paris was devoted to the public sector.

Potential partners put forward their interest to provide FCA8000bn (€12.2bn) for the public sector, a 150% increase of the funding the government was seeking.

Many took the opportunity to raise awareness of the challenges facing investment in the country which the government needs to address, including the consolidation of peace, strengthening public administration capabilities and guaranteeing the rule of law.

President Roch Marc Christian Kaboré is leading the conference, attended by public and private investors as well as figures from the World Bank, Taiwan, the European Union and the African Development Bank.

The conference at the Etoile Saint Honore Centre in Paris will conclude today.

At the end of November, the government announced a pipeline of 80 projects worth $426m.