Search

TotalEnergies Exits Burkina Faso After 71 Years, Sells Assets to Coris Investment

Allen dreyfus Logo
© Allen Dreyfus
  • French energy giant transfers operations to Burkinabè businessman Nassa Idrissa
  • Move follows earlier asset sale in Mali amid shifting geopolitical landscape

Ouagadougou, Burkina Faso – TotalEnergies has ended its more than seven-decade presence in Burkina Faso, selling its assets to Coris Investment Group, owned by Burkinabè businessman Nassa Idrissa. The sale marks a strategic expansion for Idrissa, founder of Coris Bank, Coris Assurance, and Coris Investment, as he enters the hydrocarbons sector.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »

Recent Politics

A vibrant city street in Mali. Photo by Faruk Tokluoğlu @ Pexels
Is Mali's debt strategy becoming West Africa's biggest gamble?
Read More »
Urban Johannesburg, South Africa. Photo @ Pixabay
Can $1.5bn World Bank loan revive South Africa's stalled economy?
Read More »
Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
Should regulators step in as Dangote controls Nigeria's petrol prices?
Read More »

Latest Posts

Latest news insights