Burkina Faso seeks 10 billion FCFA on WAEMU Capital Market
Burkina Faso is planning to mobilize 10 billion FCFA in the public securities market of the West African Economic and Monetary Union (WAEMU). The operation should be launched this Wednesday, November 6, says UMOA-Securities in an information note. WAEMU is an organization whose mission is to bring about the economic integration of the member states […]
Islamic State killed 24 soldiers in Burknina Faso
In Burkina Faso, Islamic State claimed responsibility for one of the deadliest attacks against the military of the West African nation in recent months. According to SITE, a website that tracks militant activities in the region, the attack took place on Aug. 20 in Koutougou, in the country’s northern Soum province. Militants killed 24 Burkinabe […]
Burkina Faso: Former military commander, former foreign minister get combined 30-years in prison
A military court in Burkina Faso handed 20 years in jail to a former general and 10 years to a former foreign minister, both of them indicted for involvement in a military coup against a transitional government after former president Blaise Campaore was deposed from power. General Gilbert Diendere, former commander of the elite Presidential […]
China Yunhong Group to invest over $300 million in Burkina Faso
In Burkina Faso, Chinese industrial giant, China Yunhong Group plans to invest about 200 billion FCFA (about $336.6 million) over the next five years in the West African nation. The information was disclosed during a meeting between the company’s CEO, Li Yubao, and President Roch Marc Christian Kaboré. Li Yubao said his group’s planned investments […]
Burkina Faso: IMF approves $25 million credit facility
The Executive Board of the International Monetary Fund (IMF) last weekend completed the second review of Burkina Faso’s economic performance under a three-year program supported by the IMF’s Extended Credit Facility (ECF). According to the board of the international lender, the West African nation will receive about US$25 million, bringing total disbursements under the […]
Terrorism: six killed in church attack in Burkina Faso
Gunmen have killed one pastor and five congregants in an attack on a Protestant church in northern Burkina Faso, government spokesman Remy Fulgance Dandjinou said on Monday. According to local media, the attack took place on Sunday in the small northern town of Silgadji near Djibo, the capital of Soum province. The attackers were on […]
Burkina Faso eyes six solar power plants to boost renewables
Burkinabe government has signed an agreement with private power producers (IPPs) to develop six solar power plants to increase the rate of access to electricity in the West African Sahel nation. The plant will supply a total of 155 MW according to the Minister of Energy, Bachir Ismaël Ouédraogo, who signed several agreements with private […]
Burkina Faso’s Kabore pledges to boost ties with China
After ending its official diplomatic relations with Taiwan’s government last year, Burkina Faso President Roch Marc Christian Kabore has pledged to further the development of ties with China. President Kabore made the remarks while meeting with Chinese State Councilor and Foreign Minister Wang Yi in the capital, Ouagadougou. According to Kabore, Burkina Faso is ready […]
Burkina Faso: 13 killed in intercommunal violence
Inter-communal conflict has claimed at least thirteen lives of civilians in central Burkina Faso, the government said. Burkina has seen a spike in Islamist attacks in recent months as jihadists seek to increase their influence in the West African Sahel nation. According to local media, armed men on motorbikes descended on the village of Yirgou, […]
Burkina Faso: French court rules for extradition of François Compaore
Paris Court of Appeal has rubber-stamped the extradition of Francois Compaore, brother of ousted president Blaise Compaore of Burkina Faso. The court ruled in favor of Francois Compaore’s extradition to his home country where he is wanted in connection with investigations about the assassination of Nobert Zongo, a prominent journalist killed in December 1998, alongside […]
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