Burkina Faso is ranked eighth in Africa and 48th globally in terms of the attractiveness of the mining sector, according to the 2016 rankings by the Fraser Institute based in Canada.By 2015, Burkina Faso was Africa’s second most important country and 29th worldwide.
The country has lost six places in the 2016 African rankings.
The ten most attractive African countries are Cote d’Ivoire (17th in the world); Botswana (19th); Ghana (22nd); DR Congo (29th); Zambia (30th); Eritrea (42nd); Burkina Faso (48th); Namibia (53rd) and Tanzania (64th).
To arrive at the 2016 rankings, the Fraser Institute analyzed the responses of 350 industry players of a questionnaire on 15 factors that influence the decisions of companies to invest in countries.
These criteria include government regulations, the legal system, the taxation regime, the infrastructure, political stability, and labor laws.
The Fraser Institute annually ranks countries according to the attractiveness of their mining sector.