Burkina Faso: Major economic and academic decisions taken by the Council of Ministers
The Burkinabe government held an ordinary session of the Council of Ministers on March 12, 2026, in Ouagadougou, chaired by the Head of State, Captain Ibrahim Traoré. At the conclusion of the proceedings, the spokesperson of the Government, Minister Pingdwendé Gilbert Ouédraogo, indicated that several major decisions had been adopted to strengthen economic governance and support national priorities within the framework of the Popular Progressive Revolution.
On the economic front, the Council validated the creation of the public limited company Yennenga Holding Burkina Faso, as well as the approval of its statutes.
According to the Minister of Economy and Finance, Aboubakar Nacanabo, this structure’s mission will be to centralize and manage the state’s holdings in several financial institutions, notably three banks and one reinsurance company where the state holds a majority stake.
Endowed with initial capital of 10 billion FCFA, held 51% by the state and 49% by its subsidiaries, the holding company aims to improve the strategic management of public assets.
This organization will notably allow for the pooling of certain actions, the optimization of resources held by the concerned financial establishments, and support for the financing of structuring projects for the national economy.
See also: Burkina Faso’s digital offensive: controlling the narrative as an ct of sovereignty
Furthermore, the Council welcomed the country’s academic performances during the 47th session of the African and Malagasy Council for Higher Education held in N’Djamena, Chad. With 318 admitted out of 328 candidates, representing a success rate of 96.95%, Burkina Faso ranked first.
The Minister of Higher Education, Adjima Thiombiano, announced the creation of 300 positions for teaching-researchers and researchers to consolidate this momentum in the country’s universities and research centers.
Olivier TOE
