Professional debt recovery services with local expertise
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Overall risk assessment for debt collection
Despite challenges such as insecurity and infrastructure deficits, Burkina Faso remains a strategic market within the West African Economic and Monetary Union (WAEMU). The country shares borders with six other countries, facilitating cross-border trade and transactions. GDP growth (2023): estimated at 3.6% (World Bank). Key sectors: agriculture, mining (particularly gold) and regional trade. Strong integration into the WAEMU and ECOWAS, with a common currency (the CFA franc) and harmonized economic policies. Ouagadougou, the capital, is a logistical and administrative hub for the Sahel region. Single border posts (SBP) located in trade corridors such as Cinkansé facilitate interstate trade and financial flows. Legal proceedings in Burkina Faso follow the framework of the OHADA (Organisation for the Harmonisation of Business Law in Africa), which unifies business law in 17 African countries.
In Burkina Faso, amicable debt collection is often preferred for cultural reasons. The process generally begins with: Reminder letters and official notices in French (the official language); Follow-up calls or face-to-face meetings where possible; Proposals for restructuring or extending payment terms. Given the country's strong community and relationship values, amicable settlement is seen as a sign of respect and an opportunity to avoid public disputes. Legally, amicable collection is not mandatory, but well-documented efforts can strengthen a case in court.
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