#africanews #burkinafaso #ibrahimtraore €220M is a huge amount of money and if injected into an economy, can definitely do wonders. But the President of Burkina Faso, Ibrahim Traore just rejected a 220 million euro deal with a French company, Meridian. Interestingly, the deal was for the French company to design, build, finance, operate and maintain a new International airport in the capital Ouagadougou. The question is why would President Traore reject a 220 million euros deal to construct an airport that would generate revenue for his government, especially given the fact that Burkina Faso is dealing with both insecurity and economic crisis and needs money to face both? Is it because President Traore is anti-West and just wants to cut off anything to do with France? Or does he have a deeper motive? Let’s find out.
You see, whenever African leaders want to embark on building huge construction projects, you would observe that most of the time, these leaders are fond of entering into agreements and signing deals with foreign companies to be in charge of the projects. First of all, the fact that major construction projects including airports, railways, and bridges across Africa are built and being built by foreign companies from China, US or Europe is a shame because it means either Africa is not industrialized enough to have local construction companies that can carry out these projects or the leaders do not believe in the capacity of those ones available. Either way it’s a big shame because it has led to the continent being dependent on foreign actors for its construction needs. To make it worse, the agreements and deals signed with foreign companies are usually in the favor of these companies. It’s either they end up taking a huge part of the profit from the project or they build with substandard materials which end up getting bad in the next few years. A good example is some Chinese construction projects across East Africa.
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