OUAGADOUGOU — In a significant economic initiative, the Burkinabè government has earmarked 11 billion 100 million FCFA for the revival of BRAFASO’s operations and the restructuring of financially troubled companies for the year 2024.

The plan, detailed in a report adopted during Wednesday’s Council of Ministers, focuses on revamping the infrastructure of the former BRAFASO site and securing raw materials to kick-start the juice production factory. According to the government, the investment will also cover the establishment of a marking and traceability system for tobacco products in Burkina Faso and will provide for the procurement of transport services and necessary equipment.

The funding for these projects will be sourced from dedicated treasury accounts for BRAFASO’s recovery and the restructuring of companies facing financial challenges in the 2024 fiscal year. This initiative is expected to bolster the industrial sector and stimulate economic growth amidst ongoing economic challenges.