Mandatory HQ Establishments Inside Burkina Faso to Strengthen Economic Sovereignty: Expert

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Mandatory HQ Establishments Inside Burkina Faso to Strengthen Economic Sovereignty: Expert

The new rule promotes the involvement of Burkinabé citizens in company management, Pousseni Bakouan, a research professor at the Virtual University of Burkina Faso, told Sputnik Africa.

Such a measure requires companies with annual revenues over 5 billion FCFA ($9 million) to locate their headquarters in Burkina Faso—a step that will also:

🟠boost transparency;

🟠encourage companies to understand Burkina Faso’s socio-economic context when making decisions;

🟠strengthen state control over financial flows.

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