Burkina Faso has taken a major step toward tightening control over its mineral wealth with the creation of a new sovereign mining investment fund designed to convert resource revenues into long-term national development.
The Council of Ministers on Thursday adopted a decree establishing the Fonds souverain minier d'investissements du Burkina Faso (FSMIB), also named “Siniyan-Sigui.”
According to Finance Minister Aboubakar Nacanabo, the mechanism will be financed through additional mining revenues generated when global mineral prices exceed benchmark thresholds set by the state.
Any surplus above these price levels will be redirected into strategic infrastructure and industrial projects rather than short-term budget support.
The fund is also expected to support industrialisation, reduce reliance on external financing, and improve the country’s sovereign credit profile.
