Burkina Faso improves business and land registration
April 05, 2013
The Government of Burkina Faso has completed a project with the Investment Climate Facility for Africa which aimed to enhance business and land registration systems. The project connected the business and land registration agencies in Burkina Faso.
Prior to ICF support, the process of registering a business or obtaining a construction license was not business friendly. It consisted of manual procedures which were often lengthy and costly. Additionally, there was no formal mechanism in place to verify ownership of land title deeds, making it impossible for land owners to use land titles as a form of collateral.
Five years later, the project has established two one-stop-shops for land registration, ten one-stop-shops for business registration and three one-stop-shops for construction licensing, all in Ouagadougou and Bobo-Dioulasso. This has helped to bring these services closer to the business community and the society at large, including bankers, notaries, architects and the construction sector. It now only takes 21 days instead of 182 to obtain a land title.
Procedures involved for registering a business are fewer, enabling more businesses to register within a short time span. Businesses can now be registered within 3 days instead of 18 days using just 4 procedures instead of 12. A construction permit can be processed within 19 days instead of 226 days and requires 15 procedures instead of 32. And it now costs US$ 470 instead of US$ 2,270.
The project is making it easier to register businesses and use land titles as collateral. Thanks to the business friendly environment, more businesses are encouraged to operate in the formal sector and more transactions are taking place. This is also helping the Government of Burkina Faso to raise revenues.