Burkina Faso New International Airport Near Completion - Biggest Bank Nationalized

The long-awaited Donsin International Airport project in Burkina Faso is finally nearing completion, marking a significant milestone in the country's infrastructure development. Initiated in 2013, the project faced numerous delays, including a major setback with the termination of an agreement with the original French partner. However, under the decisive leadership of President Ibrahim Traoré, the project has made remarkable progress in just two years. The Donsin Airport project promises to revolutionize air travel in Burkina Faso by enhancing both safety and efficiency. Once operational, the airport will serve as a major hub for international travel, with a capacity to accommodate up to one million passengers annually, based on 2018 projections. This increased capacity is expected to boost tourism and have a substantial impact on the national economy. Beyond improving transportation infrastructure, the project is creating economic opportunities. The construction phase has already generated numerous jobs, and the airport's operational phase will continue to offer employment, thereby reducing unemployment and stimulating local economies. The swift progress under President Traoré underscores the government's commitment to completing the Donsin Airport project. This commitment reflects a broader vision of economic development and international connectivity. On May 21, 2024 the Donsin International Airport project developer organized a press visit to the construction site, allowing journalists and public speakers to witness the progress firsthand. The visit showcased the nearly complete runway and taxiways, as well as the advanced stages of the aircraft parking areas and supporting infrastructure. During the visit, project officials highlighted the modern technologies and construction techniques being employed to ensure the airport meets international standards. Designed to handle large international flights and cater to a growing number of passengers, the new airport reflects Burkina Faso's ambition to become a significant player in regional and international aviation. As the Donsin Airport project nears completion, Burkina Faso stands on the cusp of a new era in air travel and economic development. The project's successful realization will not only transform the country's aviation landscape but also serve as a testament to the resilience and determination of its leadership and people. In other significant news, on May 22, the Burkinabe government announced a major shift in its banking sector with the nationalization of the Commercial Bank of Burkina (BCB). This decision, formalized through a decree issued at the end of the Council of Ministers meeting on Wednesday, marks a pivotal moment in the country’s financial landscape as the state assumes full ownership and control of a bank that has been a joint venture between the Burkinabe State and the Libyan Arab Bank for over four decades. This nationalization is seen as a necessary step to safeguard the bank’s future and ensure it can effectively contribute to Burkina Faso's economic development. Contact for Business [email protected]

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