Burkina Faso: Strategic relaunch of the Burkinabe economy under the vision of President Ibrahim Traoré, the case of SN-BRAFASO
The Burkinabe government has approved the creation of the Société Nouvelle-Brasserie du Faso (SN-BRAFASO), formed from the liquidation of the former BRAFASO. This public-private enterprise marks a crucial step in the industrial revival policy initiated by President Ibrahim Traoré.
With a share capital of six billion CFA francs, SN-BRAFASO is predominantly state-owned, with the government investing 4.2 billion CFA francs, representing 70% of the capital, while the private sector holds the remaining 30%, or 1.8 billion CFA francs. This model illustrates the government’s commitment to strengthening state participation in key sectors while promoting collaboration with the private sector.
SN-BRAFASO aims to manufacture and sell a variety of industrial products, including beer, malt, soft drinks, fruit juices, as well as other products like ice and goods requiring cold storage. The company will also handle the purchasing, processing, and distribution of local raw materials and related products in the national market and for export. This aligns perfectly with President Traoré’s strategy to enhance local resource utilization, emphasizing the domestic processing of raw materials.
The establishment of SN-BRAFASO reflects the vision of a strategic state playing an active role in the country’s industrial revival. By reinvesting in key sectors such as beverages, the state ensures control over a significant part of the economy while fostering the growth of local enterprises. This initiative is expected to have substantial economic impacts, including reducing youth unemployment and promoting the processing industry.
Through this initiative, President Ibrahim Traoré demonstrates a desire to « naturalize » major Burkinabe companies, embedding them within a framework of local development and economic sovereignty. SN-BRAFASO thus becomes a strong symbol of this policy, aiming to breathe new life into the national economy.
