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

Health personnel at an Ebola quarantine centre. Photo by WHO
How Ebola fears could derail East Africa’s $350bn economic integration dream
Read More »
Makkala nguzu Market, Choma, Zambia. Photo by Seiko Yamada @ Unsplash
Can Zambia’s $1.3bn Eurobond buyback rewrite Africa’s debt narrative?
Read More »
The busy street of Kwame Nkrumah Circle, Accra, Ghana @ Pixabay
Ghana’s borrowing test deepens as investors demand higher returns
Read More »

Recent Politics

Ambassador Berhanu Tsegaye, State Minister at the Ministry of Foreign Affairs of the Federal Democratic Republic of Ethiopia.
Opinion: Growth, peace and elections power Ethiopia’s next chapter
Read More »
A protester holding the Kenyan flag during a demonstration in Nairobi's streets. Photo: @Pexels
How Ruto’s fuel policies triggered public outrage in Kenya
Read More »
French President Emmanuel Macron and Kenyan leader William Ruto at the Africa Forward Summit. Photo @William Ruto/Facebook
Can France win Anglophone Africa after Sahel influence collapse?
Read More »

Latest Posts

Latest news insights