Cabinet Pierre ABADIE charter Accountant & Law Advisor www.pierreabadie.com

COUNTRY PROFILE

CONTENTS investment ...... 11 1. BACKGROUND...... 2 6.11 Political stability ...... 12 2. POPULATION ...... 2 6.12 Corruption ...... 12 2.1 Population figures ...... 2 6.13 Bilateral investment agreements ...... 12 2.2 Population growth rate ...... 2 6.14 Labour ...... 12 2.3 Age structure ...... 2 6.15 Foreign Trade Zones / Free Ports ...... 12 2.4 Gender ratios ...... 2 6.16 The main foreign investors ...... 12 2.5 Life expectancy ...... 2 6.17 Starting a Business ...... 14 2.6 Ethnic Groups ...... 2 7. SUMMARY OF COUNTRY RISK ...... 14 2.7 Language ...... 2 7.1 Sovereign risk ...... 14 2.8 Religion ...... 2 7.2 Currency risk ...... 14 2.9 Education ...... 2 7.3 Risk in the banking sector ...... 14 2.10 Health ...... 2 7.4 Political risk ...... 15 3. ECONOMY ...... 2 7.5 Risk of economic structure ...... 15 3.1 Recent economic indicators ...... 3 8. TRAVEL TO BURKINA FASO ...... 15 3.2 Annual Outlook ...... 4 8.1 Airlines ...... 15 3.3 Growthsectors ...... 4 8.2 Visa ...... 16 3.4 Economic growth ...... 5 8.3 Hotels ...... 16 3.5 Inflation ...... 5 8.4 Health - Preventions ...... 18 4. GOVERNMENT AND POLITICS ...... 5 8.5 Medical Services ...... 18 4.1 Political Structure ...... 5 8.6 Calendar of cultural events ...... 19 4.2 Political stability...... 7 8.7 Days off, public holidays ...... 19 4.3 Election Watch ...... 7 8.8 Methods of payment ...... 19 4.4 International Relations ...... 8 9. ADDITIONAL INFORMATION ...... 20 5.TRANSPORT AND COMMUNICATIONS .. 8 5.1 Roads ...... 8 5.2 Railways ...... 8 5.3 Harbour ...... 8 5.4 Airports ...... 8 5.5 Telecommunications ...... 8 6. INVESTING IN BURKINA FASO ...... 8 6.2 Conversion and Transfer Policies ...... 9 6. 3 Expropriation and Compensation ...... 9 6.4 Disputes Resolution ...... 9 6.5 Performance requirements and incentives. 9 6.6. No discrimination against...... 10 6.7 Property rights ...... 10 6.8 Rights and guarantees ...... 10 6.9 Regulatory transparency ...... 11 6.10 Efficient financial markets and portfolio 1 www.cabinetpierreabadie.com

2.6 Ethnic Groups Burkina Faso has more than 60 ethnic groups, the 1. BACKGROUND main ones are: - Mossi 48.6% Former French colony, the Upper Volta was created - Fulani 7.8% in 1919 and obtained its independence on 05 - Gourmantché 7% août1960. In - Bobo 6.8% August 4, 1984 - Bissa - Samo 6.5% it became - Gourounsi 6% Burkina Faso, - Dagari-Lobi 4.3% which means - Bwa (Bwamu) 3% "the land of - Senufo-Marka-Dioula 2.2% upright men." - Other 7.8% Burkina Faso has had a turbulent In Burkina Faso also resides foreign community: political history characterized by alternating - Africans between states of emergency and constitutional - Europeans regimes. With the adoption by referendum of the - Arabic Constitution of June 2, 1991, Burkina Faso enters the era of democratization. Since then the Burkina 2.7 Language Faso has a permanent stability and confirms its The official language is French. democratic statehood in . He The national languages are: participated with remarkable success in various - Mooré mediations for peace and stability in the West - Dioula African sub-region. - Fulfuldé Since the early 90s, Burkina Faso is in a dynamic of reforms to liberalize the economy and to promote the private sector as the main actor of development. 2.8 Religion Burkina Faso is located in the heart of West Africa, The main religions practiced in Burkina Faso are: with an area of 274,200 km ², its capital city is - Islam: 60% and the official language is French - Christianity: 23.2% the currency is the CFA Franc. - The traditional religion: 15.3% - Other religions: 0.6% 2. POPULATION - No religion : 0.4%

2.1 Population figures In 2013, the population of Burkina Faso was 17.8 2.9 Education million people with a density of 64.9 inhabitants The gross enrollment rate increased from 77.6% in per km2. 2011 to 79.6% in 2012. The number of refugees residing in Burkina Faso is In the context of the MDGs Burkina Faso aims to 50,000 (Malians) moved to the north of the country. achieve a literacy rate of 60% of the population in 2015. 2.2 Population growth rate 3,07 % (2012). 2.10 Health The health system in Burkina Faso is exercised in 2.3 Age structure public and private health facilities such as hospitals, Burkina Faso (2012) regional hospitals, health centers and social 45.7% of the population is under 15 years - promotion. Burkina Faso has the build sub-regional

- 51.8% of the population is between 15 and referral hospital (University Hospital Blaise 64 years, COMPAORE). - 2.5% is over 64 years. To promote the health sector the government of Burkina Faso has adopted a national health development plan and would like to implement a 2.4 Gender ratios universal health insurance. Men : 48% Women : 52% 3. ECONOMY

Burkina Faso is a member of the West African 2.5 Life expectancy Economic and Monetary Union which it houses the Life expectancy is 54.43 years in general seat. He works for greater regional integration with a common external tariff and a more stable 2 www.cabinetpierreabadie.com

monetary policy. initiative, The economic outlook for 2013 is favorable and the further withdrawal of the State, rate of projected growth is expected to be 6.7 % and building capacity of enterprises, beyond against 8.0 % in 2012. The continuing trend the development of private sector support of growth is 6 to 8 % due to strong primary and institutions, tertiary sectors, which are the engines of economic The development and strengthening of vocational sectors. The primary sector, driven by subsistence training high-level agriculture sub-sectors (11.0 % of GDP) and cash Developing the potential of the agricultural, agro- (3.5 % of GDP) and livestock (11.3 % of GDP), is industrial and livestock, the cornerstone of the economy. The above sub- The private sector funding, sectors to print their own pace secondary and Infrastructure development, tertiary sectors Also, the strong dependence on the The incentive for the creation and preservation of primary sector to the weather is a source of jobs, weakness for the fundamentals of the economy. The development of the mining sector. Gold production, the mainstay of the secondary sector experienced a sharp slowdown in 2012 (0.7 Burkina Faso has decided to promote private %) against a growth of 39.4 % in 2011. This is due sector-induced growth. Government intervention in to the delay in the operation of the gold mine of this framework has allowed the implementation of Bissa Gold. This tends to stabilize the output should many reforms. be corrected from 2013, with the expected increase in production of at least 10.4 %. Inflationary The evolution of the growth rate of GDP is as pressures will be contained to 2.2 % in 2013, below follows: the convergence of the Economic and Monetary Union of West Africa (UEMOA), against 3.6 % in 2012. Burkina Faso is committed to an accelerated growth program. It intends to implement a new model of growth based on growth poles, including Bagré which represents the first of its kind. It comes to organize the exploitation of natural resources, particularly in the agricultural sector, by increasing the value chain of some promising sectors (livestock products, fruits and vegetables, shea butter, sesame) through the agribusiness to reduce the heavy dependence of the country duo consisting of gold and cotton.

3.1 Recent economic indicators Share of major sectors in GDP in 2008: Growth rate of GDP Agriculture: 34.1 % Industry: 26.5 % Economic data on Burkina Faso Services: 39.3 % Statistics 2008 2007 On the economic side, the government's efforts in Basic Indicators the implementation of structural reforms are Growth rate of GDP (%) 4.2 3.6 recognized and highlighted by development Gross domestic product (U.S. $ partners (public financial management, revenue 8,188 6,758 mobilization, increasing the productivity of cotton million, current prices) sector, improving the business climate ) ... Burkina GDP per capita (current U.S. $) 538 457 Faso has achieved a significant level of economic GDP per capita (PPP) 1,215 performance that deserves to be consolidated. The Trade balance (% of GDP) -9.6 -8.8 main economic reforms have focused on the Exports (f.o.b) 8.5 9.1 liberalization of trade and prices, privatization of Imports (f.o.b) 18.1 18.0 state-owned companies and the revision of the Total revenue and grants (% of entire legislative and regulatory affairs through the 19.9 20.1 GDP) adoption of measures at least 176 since 2005. Tax revenue (% of GDP) 12.3 12.5 The strategies adopted by the government are: Grants (% of GDP) 6.5 6.5 Total expenditure and net lending improving the legal environment for business and 26.3 25.8 the establishment of a governance for private (% of GDP)

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Statistics 2008 2007 rate (av; %) Total expenditure and net lending 215,378 174,211 ¥ 3-month money-market rate (USD million) 0.4 0.9 1.3 (av; %) Current expenditure (% of GDP) 14.0 13.9 Salaries (% of GDP) 5.5 5.8 ¥:US$ (av) 103.0 102.0 101.0 Interest on public debt (% of Rmb:US$ (av) 6.13 6.07 6.03 0.5 0.4 GDP) Source: The Economist Intelligence Unit Inflation (%) 9.3 -0.2 Exchange rate (local currency / 452.8 479.2 USD) Money (billions local currency) 893.0 3.3 Growthsectors Money supply (% of GDP) 25.2 Agribusiness Exchange reserves, excluding The first sector is agriculture, which accounts for 980.6 gold. At year-end (million USD) 16.9% of GDP and 80% of the workforce. Besides cotton (2° producer in Africa), the sorghum, millet, corn, peanuts, rice make the farming areas live. 3.2 Annual Outlook Livestock, meanwhile, represents 25% of revenue Economicgrowth from exports.

(% unlessotherwiseindicated) Bagré pole Located 240 kms from the capital, the development 2012 2013 2014 zone Bagré hosts the first growth pole in agro- industrial vocation of the African continent. With the largest hydroelectric dam in Burkina Faso, 1.7 US GDP 2.8 1.6 2.6 billion cubic meters and a capacity of 16 MW, Bagré has, now, more than 30,000 ha secured OECD GDP 1.5 1.2 2.1 convertible. The area is also open on the borders with , Ghana, and provides considerable opportunities of various investments. World GDP 2.2 2.0 2.7

World trade 2.4 3.7 5.2

Source: The Economist Intelligence Unit

Inflation indicators (% unlessotherwiseindicated)

2015 2016 2017 Bagré has become an important eco-tourism potential. All these elements and can create US CPI 2.2 2.3 2.3 favorable conditions for productive investment and OECD CPI 2.2 2.3 2.1 therefore great interest to businessmen.

Manufactures (measured in Energy 1.2 1.8 1.9 US$) Following the liberalization of the sector, there are many opportunities: Oil (Brent; US$/b) 107.3 103.8 97.0 Energy production, including through formulas Non-oil commodities (measured types BOT (Build - Operate and Transfer). 0.7 1.4 3.0 in US$) Private investors expected in the production of electricity by any formula in the context of Source: The Economist Intelligence Unit Public-Private Partnership. Construction and operation of solar power plants Financial variables of medium and large production capacity. Construction and operation of thermal power (% unlessotherwiseindicated) plants. 2015 2016 2017 Installing units of production or assembly of PV modules.

US$ 3-month commercial paper 0.3 1.2 2.2 4 www.cabinetpierreabadie.com

20, 2013 , indicates that the Burkina Faso realize , Digital Economy since 2007, economic growth "above regional Priority actions in 2013 the sectors are: standards " reaching 5.3 % per year. This report is a • Installation of fiber optic network on the document established by independent experts and is national territory. a true source of information on development • Operating from 2016-2017 the "backbone" programs in Burkina Faso. Indeed, according to the national. IMF in recent years, the country of honest men • Creation of a science park to promote the became a potential exporter of gold compared to development of friendly services to other sub-Saharan countries and the volume of its telecommunications / ICTs, the exports. widespread use of ICT in all socio- economic sectors (government, education, Gold production increased from 754 kg in 2007 to health, trade, rural...). 30.2 tons in 2012. The report highlights that growth • Launch of various tenders for building applies to all sectors, and that inflation is at an technical platforms RESINA (National average level of 3%, a rate that is in full compliance Computer Network Administration). with the convergence criteria of the WAEMU. • Cyber sectoral strategies (e-governance, e- health, e-education) to the image of the e- cabinet platform, to enhance the Also under these performances, the IMF decided in effectiveness of different sectors. agreement with the World , to lessen the risk of debt distress Burkina Faso, because according to Mining the document, "the rating change could provide The mining area is open to free enterprise. Any greater flexibility in terms of borrowing conditions mining activity on any part of the Burkinabe in the current system of debt ceiling set by the IMF national territory is subject to the prior issuance of and the World Bank. " mining permits by the competent authorities. The acquisition of mining rights will be on the basis of clear, simple and transparent procedures. A 3.5 Inflation technical and financial conditions being equal, the The inflation rate in Burkina Faso was -0.70% in principle of "first come, first served" will be used. August 2013 (reported by the Central Bank of West The holders of mining rights are required to submit African States (BCEAO) rate). The average and comply with a plan to protect and manage the inflation rate from 2000 to 2013 is 2.73%, reaching environment. a record level of 15.10% in June 2008 and a record Any transaction relating to the mining title is free, low of -2.70% in June 2004. subject to the prior approval of the Minister of Mines; it is notified to the tax authorities. Tenements are assignable and transferable without 4. GOVERNMENT AND POLITICS constraints with a minimum of formalities and Burkina Faso's national context is marked by subject to compliance in this area. political stability with the proper functioning of The State reaffirms the principle of the free republican institutions. participation not exceeding 10 % of mining companies. Research and exploitation of mineral resources 4.1 Political Structure conducted by large, medium and small businesses is Official name mobilizing the Burkinabe capital or abroad are Burkina Faso encouraged by the government without any Form of government discrimination. republic The exploration license confers an exclusive right legal system to all minerals concessible requested and lying The legal system is based on the Napoleonic Code within the boundaries it defines. and the Constitution of 11 June 1991. Upon discovery of a mineable deposit, the national legislature exploration license at full line of exclusive use National Assembly with 127 members elected for subject to compliance thereto license. five years by universal suffrage. Research activities and operations are subject to Head of State payment of various fees, such as taxes, fees and The Head of State is the President, elected by charges. universal suffrage for a term of five years, renewable once. National elections 3.4 Economic growth The last presidential elections were held on 21 A report on the evaluation of economic November 2010. performance over the period 2007-2012 published The last parliamentary and municipal elections took by the International Monetary Fund ( IMF) August place on 02 December 2012. 5 www.cabinetpierreabadie.com

The next presidential election will be in 2015. • Minister of Youth, vocational training and employment: Basga Emile Dialla The national government • Minister of Animal Resources: Jeremy President of Burkina Faso is the president of the Ouedraogo Tinga Council of Ministers. • Minister of Water, Water and Sanitation Facilities: The main political parties • Mamouna Belem / Ouedraogo - Congress for Democracy you Progress • Minister of Development of the digital (CDP) economy - The Union for Progress and Change (UPC) • and jobs : Jean Koulidiati - The Alliance for Democracy and • Minister of Sport and Recreation: Yacouba Federation - African Democratic Rally • Ouedraogo (ADF GDR). • Minister of Social Action and National Solidarity: The government after the 2012 parliamentary • Alain Zoubga elections • Minister of Human Rights and Civic Promotion: • Président Blaise Compaore • Prudence Julie MNK NIGNAN / SOMDA • Prime Minister Luc Adolphe Tiao • Minister of Planning and decentralization: • Minister of State, Minister for Relations • Toussaint Abel Coulibaly with Institutions and Policy Reforms: • Ministers delegates: Bongnessan Arsene YE. • Minister Delegate to the Minister of • Minister of State, Minister of Mission to Economy and the President of Burkina Faso : Assimi • Finance for the Budget: Clotilde KI / KOUANDA NIKIEMA • Minister of State , Minister of Foreign • Minister Delegate to the Minister of Affairs and Regional Cooperation : Yipènè Foreign Djibril BASSOLE • Affairs and Regional Cooperation for • Minister of Economy and Finance: Lucien Regional Marie Noël BEMBAMBA • Cooperation: Thomas PALE • Minister of Territorial Administration and • Minister Delegate to the Minister of Security: Jerome BOUGOUMA National • Minister of Justice and Keeper of the Seals • Education and Literacy, in charge of :Dramane YAMEOGO Literacy: • Minister of Agriculture and Food Security: • Amadou Dicko Diemdioda Mahama ZOUNGRANA • Minister Delegate to the Minister of • Minister of Mines and Energy: Lamoussa Infrastructure Salif KABORE • of Opening up and Transportation for • Minister of Industry, Trade and Transport: Handicrafts: Patiendé Arthur KAFANDO • Baba DIEME • Minister of Communication, government spokesman Alain Edouard Traore • Minister of Promotion of Women: International organisations in which Burkina Nestorine Sangare COMPAORE Faso • Minister of Culture and Tourism: Baba • ACP (Group of African, Caribbean and Hama Pacific) • Minister of Infrastructure, Transport and • AfDB (African Development Bank) opening Jean Bertin Ouedraogo • AU (African Union) • Minister of Health: Lene SEBGO • ECOWAS (The Economic Community of • Minister of Housing and Urban West African States) Development: Yacouba BARRY • FAO (Food and Agriculture Organization • Minister of Secondary and Higher of the United Nations) Education: Moussa Ouattara . • IAEA (International Atomic Energy • Minister of Education and Literacy Agency) Koumba Boly Barry • ICAO (International Civil Aviation • Minister of Public Service, Labour and Organization) Social Security : Vincent Zakane • CCI(International Chamber of Commerce) • Minister of Scientific Research and • IDA (International Development Innovation: Gnissa Isaiah KONATE Association) • Minister of Environment and Sustainable • IDB (Islamic Development Bank) Development: Salif Ouedraogo • IFAD (International Fund for Agricultural

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• Development) 2010 ; • •IFC(International Finance Corporation) • legislative elections in 1992, 1997 , 2002, • IFRCS(International Federation of Red 2007 Cross and Red Crescent Societies • and 2012 • ILO (InternationalLabour Organization) • municipal elections in 1995, 2000 , 2006 • IMF (International Monetary Fund) and • IMSO (International Mobile Satellite • 2012. organization) With its political and institutional stability • Interpol recognized, Burkina Faso actively involved in • IOC (International Olympic Committee) various initiatives in international security and • IOM (International Organization for restore peace. It plays an intermediary role in the Migration) search for solutions in the sub-regional conflicts. • IPU (Inter-Parliamentary Union) Peace, security and social cohesion: The Burkina • ITSO (International Telecommunications Faso is characterized by the attachment of the Satellite highest authorities and community and religious • Organization) leaders to the preservation of peace and the search • ITU(International Telecommunication for consensus and conciliation. There is not in Union) Burkina Faso ethnic or religious conflicts. Social • ITUC (International Trade Union cohesion has its source in the culture of tolerance Confederation) and solidarity of the people of Burkina Faso. • MIGA(Multilateral Investment Guarantee The free movement of people and goods is Agency) guaranteed to Burkina Faso. She is currently a • MONUSCO (Mission of the United recognized reality. The Economic Community of Nations Stabilization Mission in the West African States (ECOWAS) has also rewarded Democratic Republic of Congo) Burkina Faso October 8, 2010, for his efforts in • OIC (Organization of Islamic "rigorous" application of ECOWAS agreements on Cooperation) the free movement of persons and property. • OIF (InternationalOrganization of «Indeed, she acknowledged that Burkina has made Francophonie) the elimination of harassment at borders (including • OPCW (Organization for the Prohibition illegal taxes), the limitation of checkpoints and of Chemical Weapons) effective maintenance of its roads to ensure the • UN (United Nations) safety of all residents of the community. • UNAMID (African Union United Nations In addition, the country has an efficient security Mission in Darfur) system that guarantees especially private foreign • UNCTAD(United Nations Conference on investors, a reassuring environment in which they Trade and Development) can grow without fear, uncertainty and move safely. • UNESCO(United Nations Educational, In order to strengthen democracy and political Scientific and Cultural Organization) governance, Burkina gradually implemented many democratic institutions and advisory bodies. These 4.2 Political stability are mainly: Burkina Faso is unique because of its favorable • The National Assembly; global macro policy framework characterized by • The Judiciary, the guarantor of individual the existence of an advanced political governance, and collective freedoms: the quality is reflected in terms of political and • The Constitutional Council institutional stability, social cohesion, peace and • The Supreme Court security, and terms of continuous expansion of • The State Council spaces of freedom. • The Court of Auditors; Political and institutional stability in the country • The Superior Council of Magistracy for almost more than two decades, is characterized • The Higher Council for Communication by: (CSC) • the effective rule of law Republican • The Independent National Electoral existence ; Commission (CENI); • the existence of a multiparty democracy • The Ombudsman of Burkina Faso, • the separation of powers (executive, graceful body intercessor between the legislative and judicial) . government and the governed; The country is currently experiencing the longest • The Economic and Social Council (CES). period of political and institutional stability in its history, marked by a constant quest to improve the democratic process, and especially the seamless 4.3 Election Watch organization: Congress for Democracy and Progress (CDP) • presidential elections in 1991 , 1998, 2005 President Blaise Compaore won a majority of and parliamentary seats (70 /127) in the parliamentary 7 www.cabinetpierreabadie.com

elections of 2 December 2012. 5.4 Airports The main rivals of the CDP, the Union for Progress Burkina Faso has two international airports namely and Change (UPC)party, led by ZephirinDiabré, those of Ouagadougou and Bobo-Dioulasso. The won 19 seats, and the Alliance for Democracy and Ouagadougou airport receives weekly over 34 Federation African Democratic Rally ( ADF-RDA ) flights operated by Air Burkina, Air , Air won 18. The participation rate was 45.6 percent and Ivoire, Royal Air Morocco, Algeria Air Afriqiyah, the observers reported a largely free and fair Ethiopian Airline's and Antrak Air (Ghana). election. Changes to the constitution in 2000 indicate that the The country has at least fifteen airfields scattered President of Burkina Faso is elected for five years inside the country. by direct universal suffrage, equal and secret and is re-elected once. The government of Burkina Faso has also launched the construction of a new airport, located 35 km from 4.4 International Relations Ouagadougou which aims to: Since his accession to the presidency, President - Better meet the international standards of BlaiseCompaoré is constantly working to create a safety and security; society of justice, progress and solidarity. A battle - Improving the competitiveness of the that finds its extension in Burkina Faso relations airport platform Ouagadougou; with the world, with diplomacy that wants to wear - Strengthen the opening of Burkina Faso; the universal values of peace and solidarity and - Participate in the developement of the city promote multilateralism, as a collective response to of Ouagadougou and enable efficient the problems of humanity. service of the country and sub-region Burkina Faso and the work to make its voice heard on all major international issues. It is through this option, instead of consolidating the countries in 5.5 Telecommunications Africa and around the world to contribute to The telecommunications sector in Burkina Faso is regional and continental integration and to promote represented by three operators the ONATEL peace and global security. (National office of telecommunications) that is a national company which operates in the field of 5.TRANSPORT AND COMMUNICATIONS fixed networks and mobile telephony through its subsidiary is TELMOB. AIRTEL TELECEL which 5.1 Roads are private operators involved exclusively in the The road network is well developed in Burkina field of mobile telephony in recent years. Faso and the main roads are paved. Therefore, the bus has become the most efficient means of transport. Many private companies have emerged (TCV, STAFF, Rakieta ...) and each has their network, their rates and bus stations. In comparison, 6. INVESTING IN BURKINA FASO the bush taxi is more expensive, less comfortable and without warranty of schedule.

5.2 Railways The railway network has a single line that connects Ouagadougou to via Bobo-Dioulasso in 24 hours. Since September 1995 the line is operated by a private consortium, Sitarail composed mostly Bolloré and Maersk (both present in maritime affairs)

Burkina Faso has an investment code governing the 5.3 Harbour sector. With an affordable labor force, a political, Burkina Faso is a landlocked country. But it has social and economic peaceful environment, an access to the ports of the West African coast: effective banking and tourism system, the Burkina - Port of Abidjan (Côte d'Ivoire): Rail and road Faso gives good reasons to invest. access - Port of Lomé (Togo): By Road The Burkina Faso offers tremendous investment - Port of Tema (Ghana): By Road opportunities to the international business actors in - Port of Takoradi (Ghana): By Road general and private investment in particular. For the - Port of Cotonou (Benin):By Road enhancement of these opportunities, Burkina Faso adopted a new development policy to make 8 www.cabinetpierreabadie.com

agriculture, agro-industry, human resource, the - Promotion of FDI strategy mining, services and other activities, the essential - Strengthening of the security of pillars of its growth developed around urban centers investments or localities with high specific potential growth - Monitoring of the implementation of poles and competitiveness, including: reforms - dominant agro-pastoral pole; - dominant industrial and technological Notable successes have been achieved in terms of pole; facilitation of state / private sector dialogue and in - dominant services pole; terms of improving the business environment. - dominant mining pole; These reforms have strengthened the liberalization - Centers of competence based on of the economy and smoother relations between the high-quality human resources. state and the private sector.

The Burkina Faso began a revolution in favor of 6.2 Conversion and Transfer Policies private investment, relying on two main vectors for support in terms of economic policies and The CFA franc of the African financial community strategies. This is our first choice of growth poles is the currency used in Burkina Faso, in all integrated approach as a means of organizing the WAEMU and in seven other countries in Central production of goods and services. Africa Economic and Monetary Community of Central Africa (CEMAC XAF). Each currency 6.1 Openness to Foreign Investment union has its own central bank. The CFA is pegged The Burkina Faso offers to all foreign investors but to the Euro 1 Euro = 655.957 CFA. Through mainly to those who are more conclusive an vending machine can easily withdraw money in opportunity to invest in a number of potential areas. Burkina Faso. There are also companies reliable With the existence of a sustainable macroeconomic transfers to thin the area of money transfer. framework cleaned and a very advanced political governance. 6. 3 Expropriation and Compensation Burkina Faso has a political and an institutional The issue of the access to land still meets a large stability guarantee of a good economic focus of government efforts. A series of measures development. For this he has a Presidential on the declaration and registration of land Investment Council composed of 30 members ownership were enacted. The government has designated intuitu personae and coming from the passed a law on rural land tenure, after a long domestic private sector, foreign private sector participatory process initiated after the adoption of operating in Burkina Faso and members from the policy of land tenure in rural areas in 2007. A companies and transnational institutions. The single point was established in Ouagadougou in Board's mission is to organize the discussion and May 2009 and the Directorate General of Taxation make recommendations on matters relating to the has established in each capital of province tax promotion and development of domestic and division responsible for administering the Land foreign private investment. Registry. Despite these advances, the lack of title to The Centre for Business Formalities (CEFORE) almost all farmers, mostly small-scale farmers, and single passage for businesses that need to do the the lack of a coherent policy of compensation for paperwork necessary for the creation, extension or expropriation continue to hinder the improvement resumption of corporations, sole proprietorships or of the climate of the investment. secondary business. The CEFORE mission is to support the creation of businesses, facilitate and 6.4 Disputes Resolution simplify the process of promoter with different It is possible to resolve any disputes that may arise administrations. amicably, by court or by arbitration. Note that the Arbitration Center of Mediation and Conciliation of Chartered Management Centers (CGA) in Ouagadougou (CAMC-O) provides economic Ouagadougou and Bobo-Dioulasso provide an operators with an appropriate framework to settle accounting and tax assistance; provide training for their disputes in preserving the integrity of business members on modern and appropriate methods for relationships. Its implementation builds trust the organization and management of their between Burkinabe economic operators and their businesses. foreign partners and also helps to relieve the state courts. The Burkina Faso is filled of deposits investment opportunities, for that, it has devoted an attractive incentive scheme for investment: 6.5 Performance requirements and incentives. - Establishment of a legal and institutional "The business climate improvement Program ", framework for integrated investment focuses on the simplification of delivery "business 9 www.cabinetpierreabadie.com

license" and the implementation of the revised 6.8 Rights and guarantees Organization for the Harmonization of Business In order to reassure investors and their investments, Law in action (OHADA). the provisions of common law include: A committee of economic reforms on the business climate (CERCA) was established at the Prime The ability to acquire the rights of any useful kind Ministry to support the process. to their activities including: All this has led to a renewed interest among private • Property rights, land, forest, industrial; investors in our country. And the success of the • Concessions; international conference on financing SCADD held • The administrative permits and in Paris and Africalia held from 22 to 24 February authorizations; 2012 in Ouagadougou, are strong evidence • The participation in public procurement. edifying. • The application of non-discriminatory In the field of industrial promotion, and as Prime measures of law or fact in the field of Minister Luc AdolpheTiao "80 investors received legislation and regulations that apply to permission to set up industrial units which generate them regardless of their nationality; about 1,833 permanent jobs. In addition, 72 cases • The guarantee of acquired rights of any were treated for granting approvals under the kind. Investment Code, with the prospect of creating • Free administration of his business by any 4,190 permanent jobs. " investor: Under the laws and regulations To make an industry sector jobs and a growth are guaranteed to individuals and creation, the authorities conducted reorganization businesses regularly established including: and expansion and servicing industrial areas. • the right to freely dispose of their property Therefore, the State has identified a budget of 1.5 and to organize as they wish their billion CFA francs for the development of 300 business; hectares and 192 hectares in Ouagadougou to • the freedom to hire, freedom of Bobo- Dioulasso. In his speech on the state of the employment and dismissal; Nation , delivered on March 29, 2012 before the • free choice of suppliers and service deputies, Luc AdolpheTiao said that " the providers; promotion of foreign trade, in addition to our • commercial freedom; participation in multilateral and regional • free access to sources of raw materials; negotiations , our country held 1 room of cotton and • Free movement inside the Burkina Faso of derivatives in Ouagadougou from 21 to 25 raw materials, consumables, finished and September 2011 , in collaboration with the semi-finished products and spare parts. Organization of Islamic Cooperation and participated in the 10th session of the AGOA forum The right to equal protection Foreign companies 2011 which was held on 9 and 10 June 2011 in enjoy the same protection as Burkinabe enterprises, Lusaka, Zambia . " In addition to these attractive regarding commercial property and intellectual conditions Burkina Faso has, for over twenty years, property. returned to democracy. Anything whose The right to transfer capital and income of the consequences are political stability strong symbol banking regulations Burkina Faso (after that of the that attracts investors. Central Bank of West African States (BCEAO) on investments and ) provides that securities transactions securities, including options contracts 6.6. No discrimination against and investment funds, in essence, all inflows in the Foreign investors have the same rights and duties as EU are free, except the import of gold. national investors. This right is guaranteed: • physical and legal entities engaged in 6.7 Property rights Burkina funded by a contribution of In its ongoing quest for ways and means to improve foreign investment; the security of investors and their investments, • Foreign persons who are employed in a Burkina Faso has signed investment protection Burkinabe company. These employees agreements with several countries. have the right , in accordance with the regulations relating to foreign exchange , The purpose of these agreements is to promote and transfer their salaries ; protect foreign investment, and create a legal • Expatriate staff of the holder of a mining framework that defines the conditions of the title or beneficiary of an operating license promotion and protection of investments made by residing in Burkina Faso. The right to free investors who are nationals of a country party to the conversion and free transfer to their Convention. These agreements provide for the country of origin of all or part of the protection of certain fundamental rights of amounts that are paid or payable , investors. including social security contributions and 10 www.cabinetpierreabadie.com

pension funds is guaranteed expatriate to Doing Business 2009, World champion in terms staff . of deregulation of the labor market, with an Freedom Foreign exchange outflows in respect of undisputed leadership among the UEMOA and repayment of loans, liquidation of foreign OHADA space for three years. These efforts have investments and purchases of option contracts are brought the country to obtain the encouragement of free. All current payments to abroad are allowed as the World Bank in 2007 prices for the progress in general. In particular are guaranteed: the implementation of reforms to improve the • the free transfer abroad of the proceeds business climate. Continuous improvement of the from the liquidation of investments by macroeconomic framework is linked to: non-residents; - The political will of the highest authorities • free transfer of profits , dividends, in the of the country, mainly the President of ordinary course of business ; Burkina Faso, to boost investment and • permission to open foreign currency growth; accounts in the name of non-residents; - At the macro economic framework • the possibility of entering into option permanently cleaned (high GDP growth contracts in foreign markets andgold . over the past decade, with inflation under • proceed freely regulations thereunder ; control, monetary stability ensured by the • authorization , as a general , purchase by fixed parity of the CFA franc against the residents of foreign securities which the euro and membership of an Economic and issue or the sale will have been accepted Monetary Union (UEMOA); by the Regional Council for Public - The option clearly displayed for a liberal Savings and Financial Markets . economy that has led to the liberalization The right to receive an incentive customs regime: of trade and prices; The raw materials for the industrial units located in - The revision of the entire legislative and Burkina Faso are admitted to Class I of the regulatory affairs device; Customs Tariff rate of 5%. In addition, any - The adoption of a labor code guarantees company that performs in Burkina Faso productive freedom of hiring, employment and investments (the production, conservation, dismissal; processing of raw materials into finished or semi- - Revision of the Investment Code in 2010 finished products, services) can benefit from a to make it more attractive; bonded warehouse in accordance with Customs - The existence of a very attractive mining Code. code; The rights enshrined in the conventions In its - The existence of economic infrastructure efforts to improve security and the protection of of good quality, especially the existence of fundamental rights of investors, Burkina Faso has an international road network good level, joined the main treaty guarantees and protection together with an effective system of (MIGA, ICSID, UNCITRAL, ICC, CCJA of international transit, making Burkina OHADA, EITI ...) and signed a number of bilateral crossroads of trade in WAEMU countries and multilateral agreements on investment and ECOWAS; protection with several countries. These treaties and conventions spend: - Adherence to Burkina OHADA since 1998 • investment guarantees against political risk with the aim of resolving the legal and or non-commercial risks, including risks: judicial insecurity; • expropriation, nationalization, war, social - The implementation of the program Doing unrest; Business Better in Burkina Faso; • political interference impeding the - The creation or strengthening of support enforcement of commercial contracts ... agencies to the private sector. • the right to use freely and international mechanisms for dispute resolution 6.10 Efficient financial markets and portfolio 6.9 Regulatory transparency investment The theoretical framework favorable opening to FDI, the political will , judging by Burkina The attractiveness of Burkina is built on the global international commitments, and the determination competitiveness of its economy from the monetary to go for integration within the sub-regional groups adjustment of the CFA francs, the improvement of (WAEMU , ECOWAS) have significantly reduced the environment, rehabilitation of the banking risks. system, the creation of a favorable legal climate in Indeed, Burkina Faso has adopted more than 176 the context of sub-regional market integrated and reform measures to improve the investment climate. harmonized. On the economic front, the These reforms have led to significant advances in government's efforts in the implementation of securing investors and raised the Burkina Faso structural reforms are recognized and highlighted among the top 10 reformers in the world according by development partners (public financial 11 www.cabinetpierreabadie.com

management, revenue mobilization, increasing the 6.13 Bilateral investment agreements productivity of cotton sector, improving the Bilateral Agreements investment climate). These efforts have enabled Agreement with the Kingdom of the Netherlands, Burkina Faso to reach a significant level of the Republic of Guinea, the Federal Islamic economic performance. The country has become Republic of Comoros, Benin, Malaysia, China, attractive due to strong and sustainable growth and Belgium, Ghana, Mauritania, the Federal Republic investment environment in perpetual improvement. of Germany, France Tunisia QATAR Republic of Burkina Faso's financial system depends heavily on Korea, Morocco, Luxembourg, Kampala (Uganda). the banking sector. Banks are generally well capitalized. Infrastructure development continues to Tax conventions: be a priority of government Burkina Faso. The France-Burkina Convention strategy of accelerated growth and sustainable WAEMU Tax Convention development by developing SCADD Burkinabe authorities represents the unifying framework for 6.14 Labour all sectoral policies for economic growth. In the exercise of their professional activities, employers and foreign workers are subject to the laws and regulations Burkina Faso. They can be 6.11 Political stability part of professional advocacy organizations in the Decentralization is a reality in Burkina Faso. framework of laws and regulations Burkina Faso. Political life is marked by a multiparty system. The They must comply with health and safety rules and party of President COMPAORE has a majority in standards set by the laws in force. Relations between employers and employees are governed by the National Assembly. The current policy covers the Labour Code the establishment of the senate. This policy objective not yet acquired the support of all political actors and civil society. These last two 6.15 Foreign Trade Zones / Free Ports years have been marked by incidents of lesser scope The President of Faso inaugurated the dry port in relating to trade union and student fight requires 2010 in Bobo-Dioulasso the second city of Burkina Faso and is located 360 km. The dry Bobo- better conditions of life and work. The municipal Dioulasso port, the second city of Burkina Faso has elections and coupled the 2 December 2012 have achieved 64.4 billion CFA francs in 2012 customs redrawn the political map of the country. The revenue exploitation of multimodal platform Union for Progress and Change (UPC), a young located on the Abidjan-Ouagadougou railway has political party that participated for the first time in allowed the ICC-BF of 'rake 646.1 million CFA elections, became the second political force. francs in 2012, against 332 million CFA francs in Congress for Democracy and Progress (CDP) , the 2010, the opening of the dry port. The total traffic increased by 244 500 to 407 200 tonsin the same ruling party , confirmed his supremacy over the period. The freight passing through this platform political spectrum , with 70 members out of a total involves several roads leading in Côte d'Ivoire, of 127 (55 , 1% of the seats). This dominance is , and Ghana. The dry port is a also reflected at the municipal level. The political multimodal platform of 15 hectares which includes and social climate is marked by tensions, the a store under a customs area of 2550 m2, a duty establishment of the Senate including having free shop with an area of 2625 m2, a median Bonded 36,500 m2 can accommodate nearly 270 divided the Burkinabe political class. Discussions trucks. Another embankment with an area of 16,000 are held with different social strata, religious m2 which can accommodate 102 trucks is reserved communities to preserve social peace. for traffic in transit. The third median, with an area of 8000 m2, can accommodate 48 trucks. The 6.12 Corruption platform has mainly a container terminal of 15,000 Corruption still appears as the major obstacle to the m2. The port is expected in the next few years, the harmonious development of Burkina Faso. Known completion of the second phase of the dry port, to all, yet the phenomenon persists. And even which is the free port (area not subject to customs continues to do many evils in society. Corruption duties). leads to increased government spending, reduced tax revenues, misallocation of public resources, it 6.16 The main foreign investors produces a repulsive effect on investors, the The Burkina Faso encourages Foreign Direct removal of economic competition, higher benefit Investment (FDI) and provides legal and tax costs and supplies and worsens the country's debt, benefits such as the possibility for foreign its negative impact on tourism. Burkina Faso has companies to own 100% of the shares of a local authorized government agencies to fight against company. However, investments in sectors such as corruption and fraud. If the REN-LAC, the Court of mining, telecommunications, financial services and Auditors. electricity are subject to regulation. 12 www.cabinetpierreabadie.com

Important reforms are underway to facilitate the Foreign Direct Investment 2010 2011 2012 return of investors in the country. Burkina Faso is eligible for the grant Millennium Challenge FDI stocks(million USD) 353,9 382,0 430,7 Account (funded by the U.S. government), which may increase investment in human capital of the Indicateur de performance*, 166 176 - country. rang sur 181 économies The country has a strong economy to trade and Performance Index *, ranking - 151 - infrastructures are satisfactory. However, the on 181 economies geographical location (no access to the sea), the lack of natural resources and a weak industrial Number of Investments 3,0 4,0 - brakes are important for investors. Finally, the business climate is of poor quality, the country is greenfield*** ranked 150th by the Doing Business 2012 ranking of the World Bank. In 2012, it funded a project to FDI inflows(in%of 1,7 1,8 1,4 improve the business environment (governance, FBCF****) transparency and the creation of a mining code). The mining sector attracts most of the investments Stock d'IDE (en % du PIB) 4,0 3,8 4,2 and the exploration of new fields is increasing. The floor of Burkina Faso contains gold but also zinc Source: UNCTAD - last available data and manganese (mine should be open to exploit this Note: * The Performance Index UNCTAD is based mineral). on a ratio of the country's share of total global FDI The main investors are Lebanon, Libya and France inflows and its share in global GDP. ** The (70% of FDI). Potential index UNCTAD is based on 12 economic and structural variables such as GDP, foreign INTERNATIONAL COMPARISON OF trade, FDI, infrastructure, energy, R & D, INVESTOR PROTECTION education, country risk. The Greenfield investments *** correspond to the creation ex nihilo of Burki Afrique Etat Allemag subsidiaries by the parent company. **** Gross na sub s- ne fixed capital formation (GFCF) is an indicator that Faso saharien Unis measures the amount of investment, mainly ne material, made for one year. Indexof 6,0 5,0 7,0 5,0 Transaction Transparency The tax rate Rate of value added tax (VAT): 18% Indexresponsibi 1,0 4,0 9,0 5,0 Corporate Tax: 27.5% lity of The withholding managers** Interest: 25% Dividends: 12.5% Indexof 4,0 5,0 9,0 5,0 Royalties: 5/20%. Shareholders'

Power Bilateral agreements The Burkina Faso and France are bound by a tax IndexofInvestor 3,7 4,5 8,3 5,0 treaty which was signed August 11, 1965 and Protection ratified on 15 February 1967. Source: Doing Business - latest available data. Social security contributions paid by employers: 16% Note: *The higher the index is, more the transactions are transparent. **The greater the International comparison of corporatetax index, the more managers are personally liable. Burki Sub- Unite Germa ***The greater the index, the more shareholders na SaharanAfr d ny have the power to defend their rights. ****The Faso ica State greater the index, the greater the protection of s shareholders is important. Number of 46.0 39.0 11.0 9.0

tax Foreign Direct Investment 2010 2011 2012 payments per year FDI inflows(million USD) 35 42 40 Time 270.0 319.0 175.0 207.0 13 www.cabinetpierreabadie.com

Burki Sub- Unite Germa 7.1 Sovereign risk na SaharanAfr d ny Conjunctural aspects: Faso ica State The economy returned to growth after a difficult s period. Food crisis in 2005: Nearly 90% of the population required lives on subsistence agriculture, thus the country is for highly vulnerable to climatic hazards. Crop year administrat 2004/2005 was severely affected by a strong ive drought after the locust invasion in 2004 that formalities reduced food stocks of the population. The in hours inadequacy of the crop has been amplified by the Total taxes 43.6 57.8 46.7 46.8 hoarding behavior, as well as sub-regional as% of contagion effect due to an increase in exports of profits food products to Mali and Niger also affected by the drought. Such a shortage of food produced, Source: Doing Business - latest available data. apart from macroeconomic instability effect on

food prices (Total inflation rate up to 10% in 2005), Investment opportunities. serious effects on human development and so on Tenders, projects and procurement the growth potential of the country. Starting a business Economic slowdown: This period was even more Procedures for starting a business difficult than the sustained rise in oil prices and the Starting a Burkina Sub- delayed effects of the Ivorian conflict made it business Faso SaharanAfrica impossible to use the railway to the port of Abidjan thus preventing the normal functioning of the Procedures 3.00 8.00 economy. However, the adaptability of economic (number) actors was surprising: they have reduced the use of motorized transport and are able to export to other Time (days) 13.00 34.00 maritime countries by road more than 80% since 2003 (only 37% previously).

Source : Doing Business. Growth Recovered: Good rains in 2005 led to the discovery production 6.17 Starting a Business ample food, reducing the pressure on food prices The business house of Burkina Faso has contributed and excellent cotton harvest at a good price paid to to the development of enterprises and the creation the producer (despite low world prices, resulting in of a one-stop housing the Centre for Business a large deficit for the three cotton companies who Formalities (CEFORE) to facilitate the creation of organize the supply of inputs and planters buy the enterprises, the Centre for facilitating acts of build entire crop guaranteed minimum price) have (CEFAC) for the issuance of building permits. The uncovered a high growth rate (above 5%) in 2005. formalities of new businesses (sole proprietorship These good results were maintained in 2006 and are or partnership) have been simplified. CEFORE the expected from all the studies done at least as much aim to allow domestic and foreign economic in 2007 and 2008 (subject to good weather operators, natural or legal persons, to perform in conditions including sufficient rainfall). one place before a single point in a sufficiently small time (maximum 7 days) , all the formalities and statements that they are required by law and 7.2 Currency risk regulations in force in the legal, tax , social, related The franc zone generates 60% of its foreign trade to the creation , expansion or takeover of companies with countries of the European Union. The majority , corporations, economic interest groups or of this trade is not affected by the fluctuation of the branches Foreign . dollar. Better yet, traders have no foreign exchange risk, which is good for business. In general, monetary stability and security of the euro help 7. SUMMARY OF COUNTRY RISK curb inflation in the Franc Zone.

Burkina's economy is dependent on agricultural 7.3 Risk in the banking sector production, exports of gold (production reached a Banks dominate the banking system, accounting for record level in the last three years) and those of about 90% of financial system assets. With 12 cotton (long the main export product). The country commercial banks, the banking sector is subject to a remains vulnerable to exogenous shocks such as high concentration, with the three largest banks poor rainfall, international financial and oil crises holding nearly 60 % of all assets of the financial and regional instability. sector. Banks are generally well capitalized, but 14 www.cabinetpierreabadie.com

they remain vulnerable due to excessive risk 8. TRAVEL TO BURKINA FASO concentration in the cotton sector whose prices vary substantially. The government's position in the 8.1 Airlines banking system, a source of vulnerability in the Air France past, seems to have been stabilized and compliance 493, Avenue de la nation with regional prudential standards has marginally 01 BP 116 OUAGADOUGOU improved. At the end of June 2009, although none Tel :(00226) 50 49 15 15 OU 50 30 63 65 of the banks have responded to the ratios of Fax : (00226) 50 31 22 06 supervisory structures, 11 banks have maintained a Email : mail.bluebiz.oua@air france.fr capital adequacy ratio beyond the prudential Site Web : www.airfrance.com minimum level, while 9 were consistent with the statutory capital minimum and 8 met prudential Air Cote Ivoire liquidity requirements. However, while the ratio of Avenue Kwamé Nkrumah regulatory capital / risk - weighted assets remains 01 BP 1459 Ouagadougou 01 consist of 12.4%, the ratio of gross loans to low Tél : (+226) 50 492 342 / 96 yield / total loans declined from 15.8 % in Fax : (+226) 50 31 45 17 December 2008 to 19.4% in June 2009. Bank credit Email : [email protected] to the private sector also declined by 2.3 percent, Site Web: www.aircotedivoire.com reflecting a cautious attitude. Income and profitability have improved, with profit after tax on Air Mali(groupe celestair) average assets and equity increased by -0.5 % and - 01 BP 1459-OUAGADOUGOU 01 4.7 % to 0.5 percent and 7.1 % respectively during Tel :(00226) 50 49 23 45 OU 50 49 23 46 the same period. Email :[email protected]

7.4 Political risk Sénégal Air lines Burkina, long spared the shock wave of politico- R.C Immeuble Armelle, Secteur 5, military crises in the sub region of West Africa, Avenue de l'UEMOA, Ouagadougou. faces a deteriorating political climate in 2015, Bureau : +226 50 33 21 78 / 79 which would make it much more vulnerable. Portable: +226 70 85 86 42 One of the primary risks for the country is to face , Asky whether the removing of Blaise Compaoré goes Avenue Léo Frobenius, quartier ZACA wrong, a similar case to Côte d'Ivoire in the 1990s Tel : (00226) 50 33 12 37 OU 50 33 12 38 situation sucked into the vacuum left by the death Email : [email protected] Felix Houphouet-Boigny after 33 years in power Site Web :www.flyasky.com and the other being that of a social explosion is looming over the country. Brussels Airlines

01 BP 4402 OUAGADOUGOU To avoid the worst, the head of state of Burkina Tel :(00226) 78 55 34 35 Faso, the last term ended in 2015 and still has not Fax :(00226) 50 33 14 47 spoken about his intentions, has a little less than Email :[email protected] three years to prepare for his departure and avoid Site :www.brusselsairlines.com and a succession battle or a new popular revolt.

When the political opposition and the unions reject Ethiopian Airlines Avenue Kwame N’krumah the creation of a Senate, seen as a way for the 01 BP 4883 OUAGADOUGOU 01 president to amend the constitution to run for Tel :(00226) 50 30 10 24/25 another term, Blaise Compaore has still not Email 1 :[email protected] commented on his true intentions. Email 2 :[email protected]

Site Web :www.ethiopianairlines.com 7.5 Risk of economic structure The economy remains heavily dependent on Royal Air Maroc agriculture, forestry and pastoral activities and 1058, avenue Kwame N’krumah exploitation of mineral resources. Besides mining 01 BP 5370 OUAGADOUGOU 01 that continues to grow in importance over the years, Tel :( 00226) 50 30 50 81 the pressure of the population growth of 3.1%, one Fax :( 00226) 50 30 60 34 of the highest in the sub-region, extensive farming, Site Web: www.royalairmaroc.com is a major risk for accelerated environmental degradation in the context of recurring climatic Kenya airways hazards. Agenceaeroports Air algerie 398, avenue Kwame N’krumah 15 www.cabinetpierreabadie.com

01 BP 51 OUAGADOUGOU 01 Aboubacar SangouleLamizana Tel: (00226) 50 31 23 01/02 01 BP 127 Ouagadougou 01 Fax :(00226) 50 31 56 61 Tel :(00226) 50 30 60 00 OU 50 30 60 63 Email: [email protected] Fax :(00226) 50 30 67 67 Site Web: www.airalgerie.dz Email:[email protected] Site Web :www.azalaihotel.com Air Burkina (groupecelestair) 29, avenue de la nation immeuble air Burkina Dragon hôtel 01 BP 1459 Ouagadougou 01 Rue des poètes Tel :(00226) 50 49 23 23 OU 50 49 23 30 Quatier barrage, a proximite de silmande Fax :(00226) 50 31 45 17 OU 50 31 31 65 Tel : (00226) 50 31 07 88 Email : [email protected] Email : [email protected] Joly Hôtel Site Web : www.air-burkina.com 02 BP 6149,Ougadougou 02 Tel : (00226) 50 37 62 57 OU 50 37 62 58 Fax : (00226) 50 37 62 59 8.2 Visa Email : [email protected] It isavailable on requestto the central governmentin Email :[email protected] charge ofimmigrationrepresented bythe Division Site Web :www.jolyhotel.bf ofMigration(DM), police stations,land and air borders, embassies ordiplomatic Hôtel Amiso missionsabroadBurkina Faso. 198, avenue Thevenoud Tarif 01 BP 1363 OUAGADOUGOU 01 0-Transit(1-3 days)...... 18 Tel : (00226) 50 30 86 74 /77 OU 50 31 51 60/81 euros Fax :(00226) 50 30 86 78 1- short (1-90 days) Email : [email protected] oneinput :………………………………….....35 e Site Web :www.hotel-amiso.com uros Hôtel Palm Beach 2- short (1-90 days) multiple Avenue kwamen’krumah entries:……………………………...……45 euros 01 BP 5557 OUAGADOUGOU 01 Tel: (00226) 50 31 09 91 OU 50 31 68 29 3- long stay (maximum 6 months)one Fax:(00226) 50 31 68 39 entry:…………………………………....50 euros Email :[email protected] 4- long stay (maximum 6 months)multiple Email :[email protected] Site Web :www.palmbeach-burkina.com entries:.………………………………..... 60 euros Hôtel Silmande 5- long stay (maximum 12 months) one Route de Kaya (pres du barrage n°3) input:………………………………....….65 euros 01 bp 4733 Ouagadougou 01 Tel : (00226) 50 35 60 05 6- long stay (maximum 12 months) Fax : (00226) 50 35 60 54 multiple Email : [email protected] Email : [email protected] entries:…………………………………...75 euros

7- long stay (over a year) one Hôtel Yibi entry:……………………...... ……....…...90 euros 2079, Avenue Kwamé N’Krumah 8Long stay (over a year) more 10 BP, 13976 Ouagdougou 10 Tel: (00226) 50 30 73 23 / 70 71 Fax: (00226) 50 30 59 00 entries:…………………………….…..100 euros Email: [email protected] Site web :www.yibihotel.com

8.3 Hotels La Palmeraie

Avenue Agostino Neto Ouagadougou : Ouagadougou 1873

Tel : (00226) 50 39 96 90 Azalaï Hôtel (00226) 50 30 48 90 Secteur N°4 Email : [email protected] Avenue de la résistance du 17 mai

Avenue du président Laïco Hôtel 16 www.cabinetpierreabadie.com

LaïcoOuaga 2000 Hôtel (00226) 50 30 61 07 Avenue Pascal Zagré (00226) 50 30 61 08 01 BP 1603 Ouagadougou 01 Fax: (00226) 50 30 28 32 Tel : (00226) 50 49 98 00 E-mail: [email protected] Cel :(00226) 76 86 26 90 Site Web :www.ran-hotels-somketa.com Fax : (00226) 50 49 98 02 Email : [email protected] Site web :www.laicohotels.com Bobo Dioulasso :

Le Faso Hôtel Les 2 Palmiers Avenue du Président SayeZerbo 01 BP 2560 Tel : (00226) 50 33 07 89 Tel (00226 20 97 27 59 (00226) 50 33 07 90 Hôtel de l’entente L’excellence Hôtel 01 BP 1346 339 rue Mariam Derme Tel : (00226 20 97 72 05 02 BP 5544 Ouagadougou 02 Tel : (00226) 50 33 13 67 Lauberge Fax : (00226) 50 33 18 66 685 rue Guillaume Ouedraogo Email : [email protected] 01 BP 329 Tel : (00226) 20 97 17 67/68 Pacific Hôtel (00226) 20 97 14 26 Avenue d l’UEMOA Fax : (00226) 20 97 21 37 01 BP 5818 Ouagadougou 01 Tel : (00226) 50 31 30 37 Relax Hôtel : (00226) 50 30 65 42 01 BP 115 Fax : (00226) 50 31 30 39 Tel : (00226) 20 97 22 27 Email : [email protected] (00226) 20 97 00 96 Fax : (00226) 20 97 21 37 Splendid Hôtel Avenue Kwamé N’Krumah Ran HôtelSomkieta 01 BP 1715 Ouagadougou 01 01 BP 50 Tel : (00226) 50 31 72 78 / 79 / 82 Tel : (00226) 20 97 09 00 Fax : (00226) 50 31 72 91 (00226) 20 98 18 46 Email: [email protected] Fax : (00226) 20 98 18 45 Site web: www.le-splendidhotel.com Hôtel Pacha Le Pavillon vert Rue Pépin Malherbe Quartier Dapoya, secteur 12 01 BP 293 81 Avenue de la Liberté Tel : (00226) 20 98 09 54 02 BPV5098, Ouagadougou 02 Tel : (00226) 50 31 06 11 HôtelWatinoma BP 1219 Relax Hôtel Tel : (00226) 20 97 20 82 Avenue de la Nation, Porte 570 01 BP 567 Ouagadougou 01 BURKINA FASO Hôtel renaissance Tél: 226 50 31 32 33 / 31 01 BP 1092 Fax: 226 50 33 23 44 Tel : (00226) 20 98 23 21 Email: [email protected] Site web: www.groupe-soyaf.com/relax-ouaga HôtelTeria Rue AlwataDiawara 01 BP 3307 Palace Hotel Tel : (00226) 20 97 19 72 01 BP 567 Ouagadougou 01 Tel: (00226) 50 37 50 60 Hôtel Royal Fax: (00226) 50 33 23 44 01 BP 640 Email:[email protected] Tel : (00226) 20 97 12 29 Site web: www.groupe-soyaf.com/palace Hôtel Soba RAN HôtelSomketa 01 BP 185 01 BP 1808 Ouagadougou 01 Tel (00226) 20 97 10 12 Tél: (00226) 50 30 61 06 17 www.cabinetpierreabadie.com

8.4 Health - Preventions 8.5 Medical Services The International Medical Center (IMC) CLINIQUE DU PLATEAU The International Medical Centre (formerly Centre 04 BP. 444 - OUAGADOUGOU - BURKINA FASO Medico-Social French (CMS)) is a nonprofit self- (226) 50 43 71 71 & 70 11 28 28 care. It is open to all.Since 1 July 2007, the CMI is managed by an association of Burkinabe law, the CLINIQUE EL FATEH SUKA 04 BP. 8297 - OUAGADOUGOU - BURKINA FASO ISA (International Association of Health). The (226) 50 43 06 00 office of the AIS established a medical plan for the IJC and offers: (226) 50 43 12 43  a team of two doctors (an emergency and [email protected] general), nurses, a physiotherapist, a www.suka.bf psychologist, a speech therapist and a psychomotor; CLINIQUE LAFIASO 01 BP. 6478 - OUAGADOUGOU - BURKINA FASO  access to general medical consultations, (226) 50 38 35 93 nursing and medical care quality; (226) 50 38 35 93  permanence 24H/24 to support adults and children with medical emergencies; CLINIQUE LES FLAMBOYANTS  une garantie aux patients les meilleurs ... - OUAGADOUGOU - BURKINA FASO soins possibles, bien sûr, au besoin, de (226) 50 30 76 00 diriger ou de soutien dans le réseau local (226) 50 30 76 00 médecins spécialistes dans l'organisation [email protected] d'une évacuation médicale ou le renvoi à des références appropriées en dehors du CLINIQUE MEDICALE AVICENNE pays; 04 BP. 947 - OUAGADOUGOU - BURKINA FASO  An independent technical platform (226) 40 02 95 65 hospitalization for observation, a short [email protected] hospital stay, intensive care and

resuscitation required for stabilization CLINIQUE NOTRE DAME PAIX before a medical evacuation; 01 BP. 5666 - OUAGADOUGOU - BURKINA FASO  equipment to European standards: a (226) 50 35 61 53 position déchoquage for emergencies, 4 (226) 50 35 61 57 beds hospitalization, ambulance and [email protected] mobile equipment of pre-hospital

resuscitation, defibrillation, resuscitation CLINIQUE OPHTALMOLOGIQUE LA LUMIERE monitor, ventilator, hospital pharmacy 06 BP. 9950 - OUAGADOUGOU - BURKINA FASO emergency thrombolysis (226) 50 33 50 74 Electrocardiogram , Oxygen, laboratory (226) 50 33 50 74 for rapid tests for malaria (QBC). [email protected] Schedule and contacts The CMI is open Monday, Wednesday and Friday CLINIQUE OPHTALMOLOGIQUE LA PROVIDENCE from 7:30 to 12:30 and 3:00 p.m. to 6:00 p.m.. 04 BP. 8054 - OUAGADOUGOU - BURKINA FASO Tuesday and Thursday from 7:30 to 6:00 (226) 50 34 41 03 p.m..Saturday from 9:00 to 12:00. Outside of business hours, an answering machine CLINIQUE SIMIGNA will inform you on Tel: (00226) 50 30 66 07 and 01 BP. 4062 - OUAGADOUGOU - BURKINA FASO (00226) 76 19 99 99 (226) 50 36 27 87 & 70 15 53 87 Care is provided 24H/24 and 7/7 (226) 50 36 38 32 Administrative matters: [email protected] e-mail :[email protected] medical issues: HOPITAL DU BON COEUR e-mail : [email protected] ... - COUPELAS - BURKINA FASO (226) 78 18 56 48 prices (226) 78 18 57 48 joining [email protected] Family resident: 30,000 CFA Single person resident: 15,000 CFA HOPITAL SANOU SOURO Accessed 15 000 CFA - during consultation hours - BOBO DIOULASO - BURKINA FASO (adapted to French fare tariff in force, likely to be (226) 20 97 00 44 & 20 97 01 43 revised upwards). POLYCLINIQUE DU CENTRE 01 BP. 403 - OUAGADOUGOU - BURKINA FASO

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(226) 50 48 47 16 (226) 50 48 47 18 FESTIVAL YELEEN: is held at the time of the [email protected] Christmas holidays www.maisondelaparole.org POLYCLINIQUE SANDOF 09 BP. 1201 - OUAGADOUGOU - BURKINA FASO FESTIVAL ROCK A OUAGA: Held every year, (226) 50 36 09 06 running from March to April (226) 50 36 09 08 [email protected] BoboDioulasso :

POLYCLINIQUE YENTEMA SNC (National Culture Week):Is held in the last 01 BP. 4759 - OUAGADOUGOU 01 - BURKINA FASO week of March in even years (226) 50 33 70 70 www.snc.gov.bf (226) 50 31 69 69 [email protected] LA FETE DES MASQUES:is held 5-6 times a year

Emergency Numbers: FESTIVAL N’YOGONBEN DrAviton :70 20 5 60 6

Koudougou Firefighter

Tel : (00226) 18 ; 112 ; 16 ; 15 NAK (Atypical Nights of Koudougou):is held

every year in the last week of November Police :17

Dédougou 8.6 Calendar of cultural events FESTIMA (Dédougou's Masks Festival) Ouagadougou: 8.7 Days off, public holidays

The days and dates below are established as FESPACO (Pan African Film Festival of national holidays in Burkina Faso: Ouagadougou): is held in the last week of February - January 1; of odd years - January 3; www.fespaco.bf - March 8;

May 1st; SIOA (International Crafts Fair of Ouagadougou) - August 5; :held in the last week of October in even years - www.siao.bf - December 11th; - Christmas Day; DIALOGUES DE CORPS:held every two years - Easter Day; during the month of December - the Ascension ; www.latermitière.org - Assumption; - All Saints; RECREATALES: is held every year in early - day of Ramadan or Aïd el Segneir; November - the day of Tabaski or Eid el Kabir; - Mouloud. JAZZ INOUAGA: is held every year between late April and early May. The days and dates below mark historical events www.jazz-ouaga.org giving rise to commemorative ceremonies - August 4; OUAGA HIP HOP: is held annually in October - October 15; www.wagahiphop.com - March 30

FESTIVAL CINE DROIT LIBRE is held every The days and dates of public holidays are year necessarily holidays throughout the national www.cinedroitlibre.bf territory.

FESTIVAL BONANE 8.8 Methods of payment The currency used is the franc CFA. FITMO (International Festival of Puppet Theater Fixed rate (rounded): 100 F.CFA = 0,15 €, 1 € = and Ouagadougou): is held every year 655 F.CFA. www.gambidi.org

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Payment cards

You can easily withdraw money with Visa, for example vending machines at banks BICIAB (groupe BNPParibas), SGBB(groupe Soci étéGénérale)and BOA (Banque of Africa Burkina) present everywhere throughout the country, except in the far north and far south-east. These valves are usually located in front of bank branches in a small enclosed space and kept 24h/24.

Only a few luxury hotels and large shops plush crafts accept cards as payment. MasterCard is hardly accepted in the country, except distributors agencies Atlantic Bank in Ouagadougou and Bobo only.

9. ADDITIONAL INFORMATION www.lefaso.net www.pierreabadie.com www.cabinetpierreabadie.com www.burkinapmepmi.com www.burkina24.com www.finances.gov.bf www.culture.gov.bf www.ontb.bf

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