Burkina Faso Launches Sovereign Mining Fund
Traoré Government Targets Long-Term Economic Independence
To transform “mining rents into a lever for sustainable development and economic sovereignty for the benefit of the people of Burkina Faso,” its Council of Ministers decreed the establishment of the Burkina Faso Sovereign Mining Investment Fund (FSMIB) on 21 May.
Also called Siniyan-Sigui, it will be financed by surpluses generated when international mineral prices—especially gold, which accounts for over 80% of the country’s export revenues—rise above the benchmark set by the state.
The fund, thus generated by tapping into the cyclical movement of mineral prices, will not be used for short-term expenditure or to ease budgetary pressures. It will instead be allocated for building long-term infrastructure and industries while reducing the dependence on external funding for large-scale, strategic projects.
Toward economic sovereignty
The establishment of this fund is the latest in a series of measures instituted by the popular sovereignist government to channel mining revenues—previously extracted out of the country—into national development.
Historically, the mining industry in Burkina Faso was foreign-owned. Only one industrial mine in the country was domestically owned—by a former minister, as his private company—when the regime of Roch Kaboré, propped up by its former colonizer, France, was ousted in a popularly supported military coup in 2022, amid mass anti-France protests.
Led by Capt. Ibrahim Traore, the present military government, which expelled French troops from the country, consolidated power later that year with the backing of the protest movement, trade unions, and other progressive civil society groups.
The Burkinabe stake in its mining has grown multifold. By the end of 2025, six of the country’s 15 industrial mines were majority Burkinabe-owned. Those six amount to 40% of mining operations in the country, and three of these six are directly controlled by the state mining company. This shift followed the nationalization of five foreign-owned mines earlier in 2025.
The state’s direct mining revenues, around USD 930 million in 2023, rose to USD 1.34 billion by the end of 2025. Using this revenue, the government repaid almost a quarter of its domestic debt, amounting to over USD 2 billion.
“Major shortcomings have been identified.”
Nevertheless, “major shortcomings have been identified,” said the Council of Ministers’ communique after the cabinet meeting on 21 May. The most notable among them was “the absence of a mechanism dedicated to capturing and managing surplus mining revenues, as well as the lack of intergenerational savings that would allow future generations to benefit from current mining revenues.”
It is to address this shortcoming that the Council has established the “sovereign wealth fund backed by mineral resources… to, among other things, autonomously finance strategic infrastructure and national industrial recovery” and “strengthen the financial sovereignty.”
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The basic lack of understanding of the dynamics of the math of money as debt will not play out as these 'leaders' think.
The thing is that the 'complexity' of today's economies is driven by the same instability that the present model cannot shed. There is no real case to be made that "modern" society should subject itself to this Ancient Mathematical Illiteracy and all its ramifications! Too many hold a similar mythical vision about today's systems being categorically different from these same practices of ages ago. But "neo-isms" are pretty much the same as the original-isms just at larger scale!
Abstract:
“This document is the result of a rigorous control system theory stability analysis of the current world de facto standard currency system and identifies a root instability in the form of the growth component of Debt associated with the money creation process. It first establishes the inherent instability of Common Lending Practices (application of interest). Then the analysis further charts the logical consequences of said root instability as it affects the economy as a whole and identifies how it provokes a systematic divergence between debt and value attributed to wealth in past cycles with the minimum value required in current and future cycles as those incorporate past unpaid debt i.e. systematic compounding of debt. It also identifies how the only means available within the system design for staving off inflation is through the continued contribution of collateral wealth as guaranty for the creation of new principal debt money commensurate with past debt growth. Finally it illustrates that compounding debt inevitably leads to a point where an inability to provide new wealth to guaranty new money to keep up with debt growth becomes chronic at which point either runaway inflation or a definitive collapse of the system inevitably ensues.”
http://bibocurrency.com/images/pdfdownloads/Formal%20Stability%20Analysis%20and%20experiment%20%28final%29%20rev%203.4.pdf
“Bizarrely, almost every statist admits that politicians are more dishonest, corrupt, conniving and selfish than most people, but still insists that civilization can exist only if those particularly untrustworthy people are given both the power and the right to forcibly control everyone else.
Hundreds of millions of people of diverse backgrounds, cultures and ideas being governed by (supposedly) 535 people is NOT a GOOD idea, or any way to create a moral or just society, and is why the EVIL ideas of coercion, deception, extortion and violence are necessary to sustain the current system of coercion, deception, extortion and violence.
The more you invest in the left-right spectacle, the more you are pulled into defending power rather than questioning it.
You'll find yourself justifying the same violence you once opposed, as long as it's done by your side.
Instead of more and more cameras being pointed at average people, I suggest, more and more cameras be pointed at politicians and police to show why government should be abandoned.
Asking "Without government, who will build the roads?" is like asking "Without slavery, who will pick the cotton?".
The abolitionists of the past were under no obligation to explain how society would work without slavery.
The abolitionists of the present are under no such obligation either. Both of which understand that slavery is wrong and has to end.
The most powerful revolution is to live free.
They've prepared for anger. They've trained for hate. They expect chaos - because it keeps the game going.
But, they weren't ready for people to turn their backs on the system - growing their own food, teaching their own kids, healing their own bodies, reclaiming their minds.
It spreads like wildfire - one root, one truth, one act of self-responsibility at a time.
Resolve to serve no more, and you are at once freed. I do not ask that you place hands upon the tyrant to topple him over, but simply that you support him no longer; then you will behold him, like a great Colossus whose pedestal has been pulled away, fall of his own weight and break in pieces.”
- Etienne de la Boetie