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Burkina Faso

How can green growth benefit Africa?

Eun Joo Allison Yi's picture
Photo: Sarah Farhat/World Bank Group


What exactly do we mean by green growth? For us, it’s not just about riding bikes and planting trees. The Korea Green Growth Trust Fund (KGGTF) defines green growth as adopting an innovative approach toward reaching nations’ goals for sustainable development and addressing climate change. It is a framework for decision-making and a proven process for turning people’s hopes into reality.

Start-up from scratch? How entrepreneurship can generate sustainable development and inclusion in the Sahel

Alexandre Laure's picture

Also available in: Français

In a first for Africa’s Sahel region, entrepreneurs from Senegal to Chad assembled in Niamey, Niger, for the SahelInnov Expo last month to showcase their businesses and exchange ideas. From livestock to drones, all sectors were on display as a new generation of entrepreneurs and start-ups emerges with bold and innovative ways to address the challenges facing their countries and communities. Increasingly recognized as a strategic path to economic growth, supporting SMEs and entrepreneurs has a key impact on development and is generating more interest from governments in the Sahel. 



Michaëlle Jean, the Secretary General of the International Organisation of La Francophonie, His Excellency Mahamadou Issoufou, the President the Republic of Niger, and Almoktar Allahoury, the CEO of CIPMEN.
Photo Credit: CIPMEN


Hosting the event was Niger SMEs Incubator Center (CIPMEN) whose CEO, Almoktar Allahoury, lauded the initiative. “This is the first time all stakeholders have come together: entrepreneurs, public officials, investors, academia and development partners in one place to discuss the many opportunities and remaining obstacles for the private sector — this is just what we need to take the region to the next level.”

Indeed, entrepreneurship could be especially important for this extremely poor region, with half the population living below the poverty line. Burkina Faso and Niger, for example, are among the fastest-growing economies in the world, yet their GDP per capita are just $395 and $652 respectively, compared to the Sub-Saharan African average of $1,647. A vibrant and active entrepreneurial ecosystem would therefore not only boost economic diversification and improve productivity, it also could prove the vital lever to tackling two of the Sahel’s biggest challenges: youth unemployment and climate change.

The devastating combination of climate change, mass migration, trafficking and the rise of violent extremism has resulted in recurring humanitarian crises and massive food insecurity, affecting more than 20 million people across the Sahel in 2015. Enduringly high birth rates, furthermore, will require millions of jobs to be created to respond to the needs of a rapidly growing and increasingly young population. Institutional reach remains weak and a state of protracted insecurity has taken root over vast swathes of territory.

Notes From the Field: Using Trade Diagnostics to Identify Opportunity in Burkina Faso

Miles McKenna's picture
Members of the Cooperative Agriculture Maraicher for Boulbi, nurture their fields of vegetables, as they water and hoe the fields on November 8, 2013 in Kieryaghin village, Burkina Faso. Source - Dominic Chavez/World Bank

Editor's Note: "Notes From the Field" is an occasional feature where we let World Bank Group professionals conducting interesting trade-related projects around the globe explain some of the challenges and triumphs of their day-to-day work. The views expressed here are personal and should not be attributed to the World Bank Group. All interviews have been edited for clarity.

The interview below was conducted with Mariam Diop, a Senior Economist with the World Bank Group. Mariam is based in the country office in Ouagadougou, the capital of Burkina Faso, where she carries out work in the WBG’s new Macro and Fiscal Management Global Practice. Mariam has been deeply involved with the country’s Diagnostic Trade Integration Studies (DTIS), which has helped to identify a number of key restraints on economic growth and shared prosperity in Burkina Faso. The Trade Post spoke with Mariam about what brought her to the country, where she sees opportunities, and how the DTIS has helped on the ground.
 

The importance of linking development to peace and security

Makhtar Diop's picture
During the last week, we traveled in the Sahel region with UN Secretary-General Ban Ki-moon and the leaders of the African Union Commission, the African Development Bank, and the European Union. The result was exciting. Please watch my video blog to learn more.
VP Diop: Sahel trip shows importance of development linked to peace, security

The Costs of Being Landlocked: A Road Trip in Africa

Ali Zafar's picture

The Ouagadougou-Accra-Tema corridor, a road stretching from Ouagadougou in West Africa’s Burkina Faso through Ghana’s bustling capital city Accra and onto the country’s port city Tema, is one of Africa’s most well-known corridors. In October, we joined Albert, a 50-year-old driver from Burkina Faso, on a 750 kilometer journey to highlight the high economic costs faced by landlocked countries and the cumbersome border crossings that impede trade.

The journey, which should have taken seven hours by car, took us 17 hours, 1 border crossing and 20 checkpoints.