Burkina is the second UEMOA country to adopt the law on factoring activities. The Transitional Legislative Assembly (ALT) held a plenary session on Monday, 13 June 2022, on the adoption of the law on factoring activities, including the management of financial accounts in the country.

After Togo, Burkina Faso is internalizing the law on factoring activities in UEMOA member countries. Factoring, commonly called factoring, is a financial management technique that consists, for a company, in entrusting, within the framework of a contract, the management of its customer receivables to a financial company called factoring or factor.

According to Seglaro Abel Somé, Minister of Economy, Finance and Foresight, this financial management technique entrusts the management of its claims to a financial company, which could be a bank or a microfinance institution. This financial company gives the corresponding resources or resources to the company, and therefore it is it that will recover its debts.