Bogandé Residents Informed About Community Shareholding Opportunities

BOGANDÉ — On Saturday, May 4, 2024, the Agency for the Promotion of Community Entrepreneurship (APEC), through its Gnagna focal point, held an awareness session in Bogandé to educate local residents on the benefits and opportunities of popular shareholding. The event was presided over by Oumarou Tindano, the 2nd vice president of the special municipal delegation of Bogandé, and received support from a visiting delegation from Fada.

According to Burkina Information Agency, the APEC focal point for Gnagna, the session aimed to provide comprehensive information to all stakeholders to enhance their engagement in community savings for the purpose of business financing through popular shareholding. The agency’s goals include the creation of over 1 million direct jobs and achieving food self-sufficiency in Burkina Faso, a priority for President Ibrahim Traoré.

Participants were introduced to the concept of popular shareholding, which allows Burkinabè both at home and abroad to invest in local projects and businesses, gaining financial returns through dividends. This initiative seeks to make citizens both shareholders and workers in these ventures. The minimal investment required is 10,000 F CFA, with an additional 5,000 F CFA for membership, which includes a membership book.

Potential subscribers can invest through the APEC website, via Western Union, or through specific USSD codes provided during the session. Local municipal focal points have been established to streamline the subscription process. At the end of the event, the first subscribers received their membership books, and Tindano encouraged all attendees to promote massive subscription within their communities.