Burkina Faso: Towards economic sovereignty through agriculture and industrialisation.

Under the leadership of Captain Ibrahim Traoré, Burkina Faso is banking on an ‘endogenous economy’ to reduce its dependence on foreign aid and exploit its internal resources. This strategy, pursued within the framework of the Alliance of Sahel States (AES) with Mali and Niger, places agriculture and industrialisation at the heart of the country’s economic priorities.

In 2024, the country produced almost 6 million tonnes of cereals, thanks to increased investment in production tools and a strengthened agricultural policy. This dynamic has led to an improvement in economic growth, with GDP on the rise and a growth forecast of 3.7% for 2024.

However, security and structural challenges persist. Professor Hamidou Sawadogo, an economics expert, stresses the importance of strengthening territorial defence to guarantee the stability needed for sustainable endogenous development. This is a crucial strategy for Burkina Faso, which is seeking to reconcile security and economic autonomy.