Idrissa Nassa’s Coris Invest Group has acquired TotalEnergies Burkina, marking a historic shift toward African ownership in the energy sector.
Burkinabe financier Idrissa Nassa expanded his growing business empire Monday as his Coris Invest Group finalized the acquisition of TotalEnergies Marketing Burkina, a move that positions the homegrown conglomerate as a rising force in Africa’s energy sector.
The signing ceremony at the Pullman Dakar Teranga hotel brought together executives from TotalEnergies, representatives of Coris Invest Group, and Burkina Faso’s ambassador to Senegal, Saïdou Maïga.
Nassa, the group’s chairman and CEO, personally signed the transfer documents, underscoring the significance of the deal for a businessman often described as the country’s most influential private-sector player.
“This acquisition reflects our commitment to invest in strategic sectors that strengthen economic sovereignty and create long-term value for Burkina Faso and the region,” Nassa said after the ceremony.
The deal hands Coris Invest Group control of a company long associated with France’s TotalEnergies, giving the Burkinabe group leverage in fuel supply, distribution networks, and energy innovation.
Analysts say it also marks a symbolic shift toward African ownership of key resources at a time when governments and businesses across the continent are pushing for greater independence from foreign multinationals.
The acquisition is expected to bring new investments into Burkina Faso’s energy infrastructure and expand the group’s footprint across West Africa.
The purchase price was not disclosed, but Coris Invest officials described the transaction as one of the most significant private deals in Burkina Faso’s recent history.