Burkina Faso’s Bond Issue Falls Short Amid Security Concerns and Investor Reluctance

• The country raised only 87% of its 30 billion CFA francs ($50 million) target in October
• Investor reluctance and security challenges threaten Burkina Faso’s economic stability

Ouagadougou, Burkina Faso – Burkina Faso missed its fundraising target on October 9, 2024, falling short of the 30 billion CFA francs ($50 million) goal. The country secured just over 26 billion CFA francs ($43 million), representing 87% of its target, according to Sika Finance. This result contrasts sharply with its success in September 2024, when Burkina Faso raised 120 billion CFA francs ($200 million) through a bond issue on the BRVM stock market.