The economy of Burkina Faso is based primarily on subsistence farming and livestock raising. Burkina Faso has an average income purchasing-power-parity per capita of $1,900 and nominal per capita of $790 in 2014. More than 80% of the population relies on subsistence agriculture, with only a small fraction directly involved in industry and services. Highly variable rainfall, poor soils, lack of adequate communications and other infrastructure, a low literacy rate, and a stagnant economy are all longstanding problems of this landlocked country. The export economy also remained subject to fluctuations in world prices.
Transport in Burkina Faso consists primarily of road, air and rail transportation. The World Bank classified country's transportation as underdeveloped but noted that Burkina Faso is a natural geographic transportation hub for West Africa.
Ouagadougou is the capital of Burkina Faso and the administrative, communications, cultural, and economic centre of the nation. It is also the country's largest city, with a population of 2,453,496 in 2019. The city's name is often shortened to Ouaga. The inhabitants are called ouagalais. The spelling of the name Ouagadougou is derived from the French orthography common in former French African colonies.
Transnet Freight Rail is a South African rail transport company, formerly known as Spoornet. It was part of the South African Railways and Harbours Administration, a state-controlled organisation that employed hundreds of thousands of people for decades from the first half of the 20th century and was widely referred to by the initials SAR&H. Customer complaints about serious problems with Transnet Freight Rail's service were reported in 2010. Its head office is in Inyanda House in Parktown, Johannesburg.
SEMAFO Inc. was a Canadian-based mining company with gold production and exploration activities in West Africa until 2020 when it was acquired by Endeavour Mining. The name SEMAFO is an acronym for "Mining Exploration Society in West Africa". Its headquarters were based in Montreal, Canada. The corporation owned and operated the Mana Mine in Burkina Faso, the third-largest gold mine in Burkina Faso, and reached commercial production at the Boungou Mine on September 1, 2018. The company was listed on the Toronto stock exchange, as well as on the Nasdaq OMX in Stockholm.
The Mining industry of Ghana accounts for 5% of the country's GDP and minerals make up 37% of total exports, of which gold contributes over 90% of the total mineral exports. Thus, the main focus of Ghana's mining and minerals development industry remains focused on gold. Ghana is Africa's largest gold producer, producing 80.5 t in 2008. Ghana is also a major producer of bauxite, manganese and diamonds. Ghana has 23 large-scale mining companies producing gold, diamonds, bauxite and manganese, and, there are also over 300 registered small scale mining groups and 90 mine support service companies.
The following outline is provided as an overview of and topical guide to Burkina Faso:
Although the subsoil of Ivory Coast contained many other minerals, none existed in commercially exploitable amounts, given the high costs of extraction. Mining contributed only 1 percent of GDP in 1986.
Gold Mining often plays a significant role in Burkina Faso’s economy. Burkina Faso has become Africa's 4th biggest producer of gold in 2012. Production of mineral commodities is limited to cement, dolomite, gold, granite, marble, phosphate rock, pumice, other volcanic materials, and salt.
The bilateral relations between the Republic of India and the Republic of Ivory Coast have considerably expanded in recent years as India seeks to develop an extensive commercial and strategic partnership in the West African region. The Indian diplomatic mission in Abidjan was opened in 1979. Ivory Coast opened its resident mission in New Delhi in September 2004. Both nations are currently fostering efforts to increase trade, investments and economic cooperation.
The West African Craton (WAC) is one of the five cratons of the Precambrian basement rock of Africa that make up the African Plate, the others being the Kalahari craton, Congo craton, Saharan Metacraton and Tanzania Craton. Cratons themselves are tectonically inactive, but can occur near active margins, with the WAC extending across 14 countries in Western African, coming together in the late Precambrian and early Palaeozoic eras to form the African continent. It consists of two Archean centers juxtaposed against multiple Paleoproterozoic domains made of greenstone belts, sedimentary basins, regional granitoid-tonalite-trondhjemite-granodiorite (TTG) plutons, and large shear zones. The craton is overlain by Neoproterozoic and younger sedimentary basins. The boundaries of the WAC are predominantly defined by a combination of geophysics and surface geology, with additional constraints by the geochemistry of the region. At one time, volcanic action around the rim of the craton may have contributed to a major global warming event.
The Birimian rocks are major sources of gold and diamonds that extend through Ghana, Côte d'Ivoire, Guinea, Mali and Burkina Faso. They are named after the Birim River, one of the main tributaries of the Pra River in Ghana and the country's most important diamond-producing area. Ghana and Mali are the second and third largest producers of gold in Africa, respectively.
There are 622 kilometres of 1,000 mmmetre gauge railway in Burkina Faso, which run from Kaya to the border with Côte d'Ivoire. As of June 2014, 'Sitarail' operates a passenger train three times a week along the route from Ouagadougou to Abidjan. Journey time is 43 to 48 hours.
Ivory Coast has 660 kilometres of railway. The track gauge is 1,000 mm.
Gabon was the richest of the former French Equatorial African colonies in known mineral deposits. In addition to oil, which accounted for 80% of the country's exports in 2004, Gabon is a world leader in manganese. Potash, uranium, niobium, iron ore, lead, zinc, diamonds, marble, and phosphate have also been discovered, and several deposits are being exploited commercially. Ownership of all mineral rights is vested in the government, which has increased its share of the profits accruing to foreign companies under development contracts.
The geology of Burkina Faso is dominated by Precambrian rocks of the Guinea Rise, a dome of Archaean rocks, composed largely of migmatites, gneisses and amphibolites, over which lie the greenstone belts of the early Proterozoic age. The latter are metasediments and metavolcanics assigned largely to the Birimian Supergroup, a suite of rocks in which economically significant mineralization occurs. Pre-Birimian migmatites, gneisses, and amphibolites, located under the Birimian rocks, are the oldest rocks in the country. The Birimian deposits in the southwestern part of the country are typically divided between clastic and volcano-clastic formations.
The Chiatura mine is a large mine complex located near the town of Chiatura in central-western Georgia in the Imereti region west of the national capital Tbilisi.
The mining industry of Morocco is important to the national economy. Morocco is the world's largest producer of phosphate, and contains about 75% of the world's estimated reserves. Mining contributed up to 35% of exports and 5% of GDP in 2011. Foreign investors have found the investment climate, the infrastructure, fiscal situation, and political stability very favorable to continue business in the country in this sector.
The Abidjan-Niger Railway is a 1,260-kilometre (780-mile) single-track metre gauge line in francophone West Africa that links Abidjan, the economic capital of Ivory Coast to Ouagadougou, the capital of Burkina Faso. The railway, like others on the continent, was constructed by the colonial power to encourage economic development in the region, although detractors would claim that it was to exploit the region solely for their own advantage.
