Burkina Faso may not be high on your list of places to start a business, but it’s worth looking into. The World Bank’s Doing Business 2013 report ranked Burkina Faso as 46th out of 183 countries for ease of doing business, and GEM 2010 reported that only 5 percent of its population is unemployed. Small businesses can go far here, with little formal regulation or restrictions on home-based operations. Burkina Faso has low electricity costs, low transportation costs and no taxes on businesses owned by foreign investors.
Start a Business in Burkina Faso
Burkina Faso is one of Africa’s fastest growing economies with annual growth averaging 5% since 2000. With its strategic location, landlocked between Côte d’Ivoire and Mali, it has access to abundant natural resources and produces cotton, gold, manganese and uranium. Recent discoveries of offshore oil reserves could prove to be another driver for economic growth over coming years.
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Niir Project Consultancy Services (NPCS) can prepare project reports on any business idea you have. The project report includes all part of the business, from market analysis to confirming the availability of numerous necessities such as equipment and machinery, raw materials, and financial projections. Engineers, project consultants, and industrial consultancy businesses from all over the world have profited from the NPCS project report. NPCS also publishes technological, technical, reference, self-employment and startup publications, a directory, company and industry database, and much more, all of which will be found on the official website.
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