The Colonial Chains: CFA Franc and Exploitation
For decades, Burkina Faso’s gold-rich soil has funneled wealth into foreign coffers, particularly France’s, through the mechanisms of the CFA franc zone. This monetary system, a remnant of colonial rule, has effectively allowed France to maintain significant control over the economies of its former colonies. In Burkina Faso, this has translated into substantial portions of its gold exports benefiting foreign interests, leaving the nation grappling with poverty and dependency. The situation is exacerbated by structural adjustment programs (SAPs) imposed by international financial institutions like the IMF and World Bank, which have often led to privatization of resources, reduced public spending, and an emphasis on raw material exports—a cycle critics term “Colonial Economy 2.0.”
Ibrahim Traoré: The Military Captain Who Rewrote the Rules
In 2022, amidst political and economic turmoil, 34-year-old military captain Ibrahim Traoré assumed power in Burkina Faso. Rejecting the traditional trappings of leadership, he declined the presidential salary, opting instead to continue receiving his captain’s pay. This gesture signaled a commitment to service over personal gain.
Key Initiatives Under Traoré:
Nationalization of Gold Mines: Traoré’s administration has taken control of several foreign-owned gold mines, aiming to ensure that the nation’s mineral wealth benefits its citizens. This includes the establishment of a state-owned mining company, Société de Participation Minière du Burkina (SOPAMIB), which has already acquired significant mining operations.
Rejection of IMF Loans: In a move to avoid the pitfalls of debt dependency, the government has turned away from IMF loans, focusing instead on self-reliance and internal resource mobilization.
Infrastructure Development: The administration has embarked on an ambitious infrastructure program, acquiring over 1,000 construction vehicles and aiming to build between 3,000 to 5,000 kilometers of roads annually. This initiative seeks to connect remote areas, boost trade, and stimulate economic growth.
Outcomes in Two Years:
- Economic Growth: The nation’s GDP has seen a significant increase, reflecting the positive impact of these reforms.
- Debt Management: Efforts are underway to manage and reduce national debt, emphasizing fiscal responsibility.
- Improved Services: Enhanced infrastructure has facilitated better access to markets, education, and healthcare for many citizens.
Traoré’s Blueprint: Sovereignty Over Submission
Traoré’s governance model emphasizes national sovereignty and self-determination, challenging traditional Western economic prescriptions.
Key Aspects:
- Food Sovereignty: The government is investing in agriculture by providing farmers with tractors and seeds, and establishing processing facilities to reduce reliance on food imports.
- Cultural Reclamation: In a bid to revive national identity, colonial-era symbols, such as wigs in the judiciary, have been replaced with traditional attire like the “faso danfani,” supporting local artisans and promoting cultural pride.
- Psychological Liberation: Traoré advocates for a mindset shift, encouraging citizens to value indigenous solutions and reject the notion that foreign methods are inherently superior.
Challenges and Risks
While Traoré’s reforms have garnered support, they are not without challenges:
- Security Concerns: The country continues to face threats from jihadist groups, posing risks to stability and development efforts.
- International Pushback: The shift away from traditional Western partnerships has led to tensions with some international actors, potentially affecting foreign aid and investment.
- Operational Efficiency: Nationalized industries must be managed effectively to avoid inefficiencies and ensure that they contribute positively to the economy.
A New Dawn for Africa?
Traoré’s approach presents a potential model for other African nations seeking to reclaim control over their resources and destinies. By prioritizing sovereignty, cultural identity, and self-reliance, Burkina Faso is charting a course that challenges longstanding economic paradigms. As Traoré asserts, “Africa has the resources; what’s missing is courage.” If successful, this model could inspire a continental shift towards empowerment and sustainable development.
About the author
Adenta Building Collapse Linked to Illegal Construction and Ignored Stop-Work Orders
A preliminary investigation into the collapse of a three-storey building at Adenta New Site in the Greater Accra Region has revealed that the project was carried out without the required regulatory approvals and in defiance of official stop-work directives issued by local authorities. The findings were released by a Joint Technical Investigative Committee comprising structural engineering experts and representatives from the Ghana Institution of Engineering (GhIE), the Institution of Engineering and Technology, Ghana (IET-Gh), and the Architecture Registration Council (ARC). According to the committee, the incident highlights serious violations of Ghana’s building regulations and raises concerns about compliance and enforcement within the construction sector. The building collapsed on June 3, 2026, trapping five occupants beneath the debris. The victims included three adults and two children. Rescue teams successfully pulled four individuals from the rubble alive and transported them to the […]
Kpandai Residents Encouraged to Promote Unity and Peace for Sustainable Development
Residents of Kpandai in the Northern Region have been encouraged to put aside tribal, linguistic and political differences and work collectively toward the development of their communities. The call was made by the Parish Priest of St. Kizito Parish, Rev. Fr. Moses Nseaminya, during the launch of the St. Kizito Parish Feast, Partnership and Cultural Day Celebration. The event seeks to promote peace, social cohesion and stronger relationships among the various ethnic groups living within the district. Speaking during the launch, Rev. Fr. Nseaminya emphasized that diversity should be viewed as a strength that can drive development rather than a source of conflict and division. He noted that although residents come from different cultural backgrounds and hold varying political views, they all share a common goal of improving the welfare and future of Kpandai. According to the parish priest, meaningful […]
ECG Explains Power Outages in Greater Accra and Western Regions Following Technical Faults
The Electricity Company of Ghana (ECG) has attributed ongoing power interruptions in parts of the Greater Accra and Western regions to separate technical faults affecting its distribution network. In a statement issued on Monday, June 8, 2026, the power distributor said a technical fault at the Nsawam Primary Station has disrupted electricity supply to several communities within the Accra West operational area. The affected communities include Hebron, Medie, Samsam, Satellite, Koleman and nearby areas, where residents have been experiencing intermittent power outages. According to ECG, engineering teams have been deployed to the station and are actively working to identify and rectify the fault to restore stable electricity supply as quickly as possible. Meanwhile, in the Western Region, a broken high-tension (HT) electricity pole at Ankasa has caused a separate power disruption, affecting multiple towns and communities across the area. Communities […]
Burkina Faso forme 8 000 jeunes VDP agricoles pour renforcer l’autosuffisance alimentaire
La cérémonie officielle de sortie de la 3e cohorte des Volontaires pour la Défense de la Patrie (VDP) agricoles et de fin de formation de 8 000 jeunes en entrepreneuriat agricole s’est tenue le 5 juin 2026 à l’École nationale de formation agricole (ENAFA) de Matourkou. L’initiative s’inscrit dans le cadre de l’Initiative présidentielle pour l’agriculture et l’autosuffisance alimentaire, portée par les autorités burkinabè. Cette formation vise à renforcer les capacités des jeunes dans le secteur agricole tout en les impliquant dans une dynamique de production locale et de souveraineté alimentaire. Une jeunesse formée entre agriculture, civisme et engagement citoyen Le directeur exécutif du Bureau national des grands projets du Burkina Faso, Hamidou Sawadogo, a salué l’engagement des bénéficiaires. Selon lui, le programme traduit la volonté des autorités de transformer durablement le secteur agricole afin de réduire la dépendance alimentaire […]
Clément Zongo dédicace trois ouvrages littéraires à Ouagadougou
Le journaliste-chroniqueur burkinabè Clément Zongo a procédé, le 6 juin 2026 à Ouagadougou, à la dédicace de trois ouvrages intitulés La fille aux cheveux châtains, Les Chroniques de Clément Zongo et Juste un coup de plume. La cérémonie, organisée dans la grande salle du Centre national des arts du spectacle et de l’audiovisuel (CENASA), a réuni des acteurs du monde culturel, des professionnels des médias ainsi que de nombreux passionnés de littérature. De son vrai nom Alexis Yaméogo, Clément Zongo est titulaire d’une maîtrise en sciences et techniques de l’information et de la communication. Conseiller des affaires culturelles, il s’est distingué au fil des années grâce à plusieurs récompenses obtenues dans le domaine littéraire. Un roman consacré à la lutte contre les préjugés liés à l’albinisme Parmi les œuvres présentées figure La fille aux cheveux châtains, un roman qui aborde […]
Three Rescued as Rescue Teams Search for Trapped Victims After North Industrial Area Building Collapse
Rescue teams are continuing efforts to locate and extract individuals believed to be trapped beneath the rubble of a collapsed building in Accra’s North Industrial Area following a structural failure that has left several people injured. According to Alex King Nartey of the Ghana National Fire Service's communications team, three people have so far been rescued from the scene and are currently receiving medical treatment. However, emergency responders fear that at least three more individuals may still be trapped under the debris. Speaking at the site, Mr. Nartey explained that rescue operations have been slowed by the absence of earth-moving equipment needed to remove large sections of collapsed concrete and debris safely. He disclosed that the Fire Service has requested assistance from the military, while the Mayor of Accra has also facilitated the deployment of heavy machinery to support the […]
Related
US singer D4vd to stand trial in killing of teenage girl
American singer D4vd will stand trial on charges of killing and dismembering a 14-year-old girl, after a judge ruled there was enough evidence to proceed. The singer, whose real name is David Anthony Burke, is accused of murdering Celeste Rivas Hernandez, whose body was discovered in the trunk of a Tesla registered in his name. Prosecutors say the teen threatened to expose their illegal sexual relationship, prompting the deadly attack.abc+3 At Monday’s hearing in Los Angeles, Judge Charlaine Olmedo ruled that prosecutors had presented sufficient incriminating evidence to send the case to trial. The ruling followed a five-day preliminary hearing in which investigators presented text messages, purchase records and other evidence they say links Burke to the crime. According to prosecutors, Hernandez was 13 when the relationship began and 14 when she was killed. They also allege that Burke purchased […]
Iran foreign ministry says no current negotiations with United States
Foreign ministry spokesperson Esmaeil Baghaei told a press briefing in Tehran that Iran “has no negotiations with the American side at present” and has made no move to reopen direct talks with Washington. “Claims that Iran has requested negotiations are reports periodically circulated by our opponents,” he added. Baghaei said any contacts now take place only through intermediaries, noting that “mediators may convey messages from the American side regarding current developments in the region, but at present we have no negotiations with the American side.” He stressed that Iran’s recent discussions with Oman over the management of the Strait of Hormuz are purely bilateral. “These talks have no connection with the United States… and they are continuing,” he said, adding that the waterway “remains closed.”english.alarabiya+1 The comments follow earlier statements from Iranian officials who accused the US of violating a […]
New PM Burnham vows to put Britain’s interest first in Trump ties
Burnham, 56, a veteran Labour politician and former mayor of Greater Manchester, said in a BBC interview that he will always defend the United Kingdom’s national interest, even if it means publicly disagreeing with Trump. “All leaders have to do that. You have to defend your own national interest before anything else. That’s what you’re required to do if you’re to do this job properly,” he said. The new prime minister added that he “may take a different opinion” from Trump and would “of course” be willing to call him out where Britain’s interests are at stake. At the same time, he stressed the importance of the longstanding UK‑US relationship and said he would seek to engage the US president directly and frankly. Shortly after taking office, Burnham held a phone call with Trump which both sides described as “very […]
Christian killings: Nigeria hiring lobbyists to mask insecurity — Ted Cruz
Cruz said Nigeria’s engagement of a Washington-based lobbying firm was a public relations move meant to soften criticism from the United States rather than confront the insecurity crisis at home. He said Nigerian officials were trying to influence opinion in Washington while failing to address allegations of attacks on Christians and other vulnerable groups. The senator has been at the forefront of calls for sanctions and accountability over alleged religious persecution in Nigeria. His proposed Nigeria Religious Freedom Accountability Act of 2025 seeks to hold officials responsible for what he describes as the enabling of mass violence against Christians. Reports also said Nigeria signed a $9 million lobbying contract with DCI Group, a US public affairs firm, after being designated a country of particular concern by President Donald Trump. The controversy adds to growing diplomatic tension between Abuja and some […]
Iran army says it attacked US bases in Bahrain, Jordan
The Iranian military said the operation targeted several US facilities in the Gulf and the Middle East, marking another escalation in the ongoing conflict between Tehran and Washington. Earlier reports had also said Iranian forces struck US-linked targets in Kuwait and other neighbouring states as part of a wider retaliation campaign.zeenews Iran has repeatedly argued that its attacks are a response to US strikes on its territory and a warning against further escalation. Bahrain and Jordan have previously reported intercepting projectiles fired toward their territory, with no immediate casualties confirmed in those earlier incidents. The renewed claims underline how the confrontation is spreading across the Gulf, putting pressure on regional security and raising fears of a broader war.
Iran army vows continuous strikes if US doesn’t halt attacks
Iranian commanders issued the warning after a fresh wave of US airstrikes on targets inside Iran and along its southern coastline, including air defence systems, radar sites and coastal bases near the Strait of Hormuz. The operations are part of consecutive nights of US attacks aimed at degrading Iran’s military capabilities.reuters+1 Tehran has responded with missiles and drones aimed at US-linked bases and infrastructure in neighbouring Gulf states such as Kuwait and Bahrain, and has threatened to widen its response if Washington presses on. Iranian officials describe the Strait of Hormuz as an “unbreakable red line”, insisting they will resist any attempt to weaken their control of the vital waterway for global oil shipments.news.un+1 The exchanges have shredded an already fragile ceasefire and interim deal agreed earlier in the year, with shipping through the strait disrupted and regional energy infrastructure […]