Burkina Faso’s cabinet on 8 October adopted a bill banning the privatisation of strategic state companies and allowing the state to take stakes in any company it deems strategic, together with the 2027 budget bill. The budget plans revenue of 4,220 billion CFA francs ($7.5 billion), up 13% on the revised 2026 forecast, and spending of 4,839 billion, leaving a deficit of 2.9% of GDP. The government raised its 2026 growth forecast to 6% on higher gold output and approved import rules to protect local makers of soap, detergent and tomato paste. The measures extend the military government’s drive for state control of the economy, which has already taken over several gold mines, and may deter private investors.
Sources
- Burkina24 (cabinet communiqué, official text): https://burkina24.com/2026/10/08/compte-rendu-du-conseil-des-ministres-du-jeudi-08-octobre-2026/
- Financial Afrik: https://www.financialafrik.com/2026/10/08/burkina-faso-le-budget-2027-sous-le-sceau-du-souverainisme-economique/
- Wakat Séra: https://www.wakatsera.com/burkina-compte-rendu-du/
- Faso7: https://faso7.com/2026/10/09/compte-rendu-du-conseil-des-ministres-du-8-octobre-2026/