Ouagadougou: The government of Burkina Faso has announced the establishment of Société Nouvelle-Brasserie du Faso, or SN-BRAFASO, a mixed economy company aimed at bolstering the nation’s industrial sector and reducing unemployment. The state holds a 70% stake in SN-BRAFASO, with the remaining 30% owned by private investors.
According to Burkina Information Agency, the newly formed SN-BRAFASO is part of the government’s broader strategy for industrial recovery and aims to process local raw materials while decreasing beverage imports. The company’s capital is set at six billion CFA francs, with the state contributing 4.2 billion CFA francs.
SN-BRAFASO’s objectives include the manufacturing and sale of various products, such as beer, malt, alcoholic beverages, soft drinks, and fruit juices. It will also engage in cold storage and ice manufacturing. Additionally, the company will handle the purchase, sale, and processing of products essential for its operations, focusing on both domestic distribution and expo
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The revival of Brafaso’s activities is significant as the original company, launched in October 2004, ceased operations in 2008 due to legal issues leading to its liquidation. The government’s move to resurrect the company is seen as a step toward economic revitalization and job creation for qualified young professionals in Burkina Faso.
Source: Burkina Information Agency