Burkina Faso : Captain Ibrahim Traoré strengthens textile sector with creation of mixed economy company
Burkina Faso takes a significant step towards strengthening its textile sector with government approval for the creation of a mixed economy company. This ambitious initiative aims to meet the growing demand for textile products, covering a range from military clothing to civilian items.
With an investment of 15 billion FCFA, the projected factory will have an annual processing capacity of 2.160 tons of cotton into various textile products. This strategic approach is part of an effort to valorize the country’s cotton resources and stimulate the local industry, thereby offering new economic and employment opportunities.
Captain Ibrahim Traoré and his Burkinabe government have mobilized 10 billion FCFA for the social capital of this new entity, with the Textile Fibers Company (Sofitex) as the majority shareholder. This collaboration strengthens the partnership between the public and private sectors, creating an environment conducive to industrial development.
This ambitious strategy by the Burkinabe Head of State aims to anchor the textile industry as a pillar of the national economy, thereby contributing to economic diversification and wealth creation for the country. It also reflects Burkina Faso’s commitment to promoting economic autonomy and strengthening its sovereignty in the strategic textile sector.
