In many commonly referred to “emerging” nations, the informal sector is often predominant in shaping the economic fabric, compared to the “formal” sector. It is generally thought that when a person doesn’t register his business, this is done in order to avoid paying taxes. Very often, people’s lack of confidence in their government, their financial
From time to time we are asked, why did we choose Burkina Faso to develop our mining operations and create our training and research hubs for the Texas-based company Barksanem™, Inc? Actually, there are many reasons. History first of all, since one of the two founders is Burkinabe and the second grew up in this
The EITI or the Extractive Industries Transparency Initiative has recently announced that “Burkina Faso has made meaningful progress with the EITI Standard”. The EITI is the global standard for the good governance of oil, gas and mineral resources. Considering the major political and economic changes that Burkina Faso has foregone since 2015, this is a remarkable
Many have asked, why does Barksanem™ (BSM™) only focus on the ASM space (Artisanal and small-scale mining)? We have already started to answer this question here: Barksanem™ and ASM Part 1… In that article I spoke about the economic reasons that make our choice incontestably evident. Numbers don’t lie as they say…. To take matters
