Property for sale in Burkina Faso

1/ Capital: Ouagadougou

Is the capital of Burkina Faso and the administrative, communications, cultural and economic center of the nation. It is also the country's largest city, with a population of 1,181,702 (as of 2006). The city's name is often shortened to Ouaga.

Get more information on property for sale in Ouagadougou

2/ Country: Burkina Faso

Also known by its short-form name Burkina, is a landlocked nation in West Africa. It is surrounded by six countries: Mali to the north, Niger to the east, Benin to the south east, Togo and Ghana to the south, and Côte d'Ivoire to the south west.

3/ Property in Burkina Faso

Burkina Faso is one of the poorest nations in the world, with the great majority of its workers engaged in subsistence farming. The annual cost of Burkina Faso's imports is usually much higher than its earnings from exports, and the nation relies on debt servicing from other countries. Since 1991, Burkina Faso has carried out a series of economic reforms designed to end Government involvement in the competitive sectors and liberalize the economy. The private sector is now recognized as the engine of economic growth, which must remain above 5 per cent per annum if Burkina Faso is effectively to launch sustainable development.

Burkina Faso is the country with the greatest untested potential in West Africa and it is here that Orezone holds a premier land position.

Burkina Faso is exceptional because of its severe weakness in business freedom, labor freedom, property rights, investment freedom, and freedom from corruption. Extensive regulations prevent a flexible commercial environment, and licensing and bankruptcy procedures are costly. The lack of a universal, government-enforced judicial system means that property rights cannot be guaranteed or adjudicated effectively, and local villages often use traditional courts. As with most other nations in the region, Burkina Faso experiences significant corruption.