Ouagadougou: The President of Faso, Head of State, Captain Ibrahim TRAORE, chaired the weekly Council of Ministers this Wednesday. According to the Minister of State, government spokesperson, Rimtalba Jean Emmanuel OUEDRAOGO, several issues on the agenda were examined and important decisions taken for the smooth running of the Nation.
According to Burkina Information Agency, the Council, on behalf of the Ministry of Industry, Trade and Crafts, adopted several decrees. The first two decrees concern the nationalization for public utility reasons of the Livestock Feed Manufacturing Company (SOFAB) and the Milk and Dairy Products Production Company. The Minister Delegate for Animal Resources, Amadou DICKO, stated that these decrees are part of the measures in favor of food sovereignty and aim to improve livestock feeding and milk production in the country. “The governance of these companies was inoperative or even fictitious. These companies also have financial statements that are critical, and are currently on
the verge of bankruptcy,” said Minister DICKO.
On behalf of the same ministry, the Council adopted two other decrees establishing a state company named Burkinabe company for the manufacture of livestock feed “Faso Guulgo” and a state company named “Faso Kosam”. These new entities are expected to bolster food sovereignty efforts by ensuring more efficient production and management of livestock feed and dairy products.
In addition to the nationalization efforts in the food sector, the Council made significant decisions pertaining to the Ministry of Energy, Mines, and Quarries. Three decrees were adopted, which include the procedure for awarding and management of mining titles, the model mining agreement, and the terms and conditions for opening the capital of industrial exploitation companies to the State and Burkinabe investors, as well as the conditions and terms of the State’s participation in the capital of semi-mechanized exploitation companies.
Minister Yacouba Zabré GOUBA, responsible for Mines, elabo
rated that the first decree is an implementing text of the latest law on the mining code adopted by the Transitional Legislative Assembly on July 18. This law includes provisions for the management and allocation of mining titles. Through the second decree, the State is granted additional participation rights, beyond the free 15% participation provided by the mining code, allowing for a paid participation of at least 30%.
