Burkina Faso projects 5.7% growth by 2027 and plans military reserve
via Lefaso.net1 min read
Burkina Faso's Council of Ministers has adopted a report on the 2027-2029 multi-year budget and economic programming document, a key element of the country's economic planning. The Minister of Economy and Finance, Dr. Aboubakar Nacanabo, stated that the central objective is to ensure the effectiveness of public spending, aiming for every franc spent to benefit the population. Projections for 2027 indicate a 5.7% economic growth and controlled inflation around 1.5%. However, the Minister acknowledged that the conflict in the Middle East could impact initial assumptions, necessitating reorganization to manage the crisis's effects and maintain robust growth. Additionally, the Council adopted a preliminary bill on the organization of a military reserve. The Minister of War and Patriotic Defense, Major General Célestin Simporé, explained that this reserve aims to structure a pool of immediately mobilizable reservists and strengthen the bond between the nation and its armed forces, adapting defense mechanisms to security realities. The project plans to recruit and train 100,000 reservists by the end of 2026, integrating patriotic defense into a framework of citizen participation. Major General Simporé noted that citizens of fighting age will be trained and called upon as needed, in line with the popular progressive revolution.
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Ouagadougou will host the 8th Congress of the West African Physics Society from July 29 to August 1, where participants will discuss advancements in physics research. The congress will feature scientific presentations, panels, roundtables, and exhibitions focusing on physics applications in energy, agriculture, water, health, industry, artificial intelligence, and innovative technologies. Organizers aim to highlight physics' contribution to solving socio-economic challenges in African countries, viewing it as crucial for strengthening the continent's scientific and technological sovereignty. Professor Billa Gérard Segda, president of the organizing committee, emphasized the congress's focus on development and the need to connect scientific research with societal concerns. He stated that physics should not be confined to laboratories but should address practical problems such as accessible energy, productive and sustainable agriculture, product conservation and transformation, industrialization, healthcare, and digital transformation, while also creating opportunities for youth. The congress theme is "Supporting access to energy, sustainable agriculture, and food security through applied physics." Professor Segda stressed that energy is vital for sustainable industrialization and transforming agricultural products, while addressing agricultural challenges like increased production, better water management, reduced post-harvest losses, improved conservation, and local processin
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The Central Bank of West African States BCEAO concluded a two-day seminar for economic journalists from the West African Monetary Union UMOA in Dakar on August 21, 2026. The seminar focused on major economic, monetary, and financial issues within the community, with the BCEAO reaffirming its commitment to strengthening ties with media professionals to foster a better understanding of policies and reforms. Habib Thiam, Secretary General of the BCEAO, praised the participation and relevance of discussions, noting the seminar deepened understanding of the BCEAO's missions, instruments, and strategic priorities amid a changing global economic landscape. Topics included monetary policy, financial stability, economic financing, financial inclusion, digital financial services, and payment system changes. Thiam emphasized the media's crucial role in providing reliable, rigorous, and contextualized information, making complex economic issues accessible to the public and preventing misinformation. Dominique Mabika, a journalist from Financial Afrik in Senegal, thanked the BCEAO for the initiative, highlighting how it enhanced journalists' knowledge of technical subjects and allowed direct engagement with policymakers. She stressed the responsibility of participants to act as relays for citizens, explaining mechanisms like the PI-SPI platform and BCEAO actions. The BCEAO aims for this seminar to be the start of a more regular dialogue with economic journalists, recognizing the increasin