{"id":4043,"date":"2026-04-19T17:35:19","date_gmt":"2026-04-19T15:35:19","guid":{"rendered":"https:\/\/zoomafricanews.com\/?p=4043"},"modified":"2026-04-19T17:35:19","modified_gmt":"2026-04-19T15:35:19","slug":"%d8%a8%d8%b9%d8%af-%d8%b7%d9%88%d9%84-%d8%a7%d9%86%d8%aa%d8%b8%d8%a7%d8%b1-%d8%a8%d9%88%d8%b1%d9%83%d9%8a%d9%86%d8%a7-%d9%81%d8%a7%d8%b3%d9%88-%d8%aa%d8%a4%d9%85%d9%85-%d8%b4%d8%b1%d9%83%d8%a9","status":"publish","type":"post","link":"https:\/\/zoomafricanews.com\/en\/%d8%a8%d8%b9%d8%af-%d8%b7%d9%88%d9%84-%d8%a7%d9%86%d8%aa%d8%b8%d8%a7%d8%b1-%d8%a8%d9%88%d8%b1%d9%83%d9%8a%d9%86%d8%a7-%d9%81%d8%a7%d8%b3%d9%88-%d8%aa%d8%a4%d9%85%d9%85-%d8%b4%d8%b1%d9%83%d8%a9\/","title":{"rendered":"After a long wait, Burkina Faso nationalizes the textile fiber company Sofitex."},"content":{"rendered":"

Written by: Mohamed Ragab<\/strong><\/p>\n

The government approved Burkina Faso<\/a> Faso nationalized the Burkina Faso textile fiber company \u201cSofitex\u201d, in a move aimed at strengthening state control over the cotton sector, which represents one of the most important pillars of the national economy.<\/p>\n

The decision was made during a cabinet meeting held on April 16, 2026, chaired by President<\/a> Transitional Prime Minister Ibrahim Traore, within the framework of a clear governmental direction to strengthen economic sovereignty.<\/p>\n

Property structure before nationalization\u00a0<\/span><\/h3>\n

Prior to the implementation of the decision, the state owned approximately 89% of the company's shares, while the remaining shares were distributed among local and international investors.<\/p>\n

The Minister of Industry, Trade and Handicrafts, Serge Gnanidos-Pouda, confirmed that the full acquisition came to address chronic structural imbalances, including high levels of debt, increased operating costs, and delays in paying cotton farmers.<\/p>\n

\"Burkina
Burkina Faso Fiber Company<\/figcaption><\/figure>\n

Accumulated challenges<\/span><\/h4>\n

In recent years, the company has faced increasing operational and financial difficulties as a result of fluctuations in global agricultural commodity prices and rising production input costs.<\/p>\n

These factors contributed to the worsening liquidity crisis within the company, which affected its ability to meet its obligations to suppliers and farmers.<\/p>\n

Government goals<\/span><\/h3>\n

Through nationalization, the government seeks to restructure the company and improve its operational efficiency, in addition to stabilizing the cotton sector, which provides job opportunities for thousands of citizens.<\/p>\n

The decision also aims to enable the state to manage this vital sector more effectively, thereby supporting economic growth and enhancing social stability.<\/p>\n

Series of nationalizations\u00a0<\/span><\/h4>\n

This decision comes as part of a growing government trend to expand the state\u2019s role in the economy, as nationalization has already included a number of vital sectors, including textiles, mining, banking services, and sugar production.<\/p>\n

These policies reflect a strategy aimed at restructuring the national economy and reducing dependence on foreign investments, with a focus on maximizing the use of local resources.<\/p>","protected":false},"excerpt":{"rendered":"

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…<\/p>","protected":false},"author":2,"featured_media":4044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,217],"tags":[451,1438,1439],"class_list":["post-4043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africanews","category-slider","tag-451","tag-1438","tag-1439"],"yoast_head":"\n\u0628\u0639\u062f \u0637\u0648\u0644 \u0627\u0646\u062a\u0638\u0627\u0631.. \u0628\u0648\u0631\u0643\u064a\u0646\u0627 \u0641\u0627\u0633\u0648 \u062a\u0624\u0645\u0645 \u0634\u0631\u0643\u0629 \u0633\u0648\u0641\u064a\u062a\u0643\u0633 \u0644\u0644\u0623\u0644\u064a\u0627\u0641 \u0627\u0644\u0646\u0633\u064a\u062c\u064a\u0629 - Zoom Africa News<\/title>\n<meta name=\"description\" content=\"\u0623\u0642\u0631\u062a \u062d\u0643\u0648\u0645\u0629 \u0628\u0648\u0631\u0643\u064a\u0646\u0627 \u0641\u0627\u0633\u0648 \u062a\u0623\u0645\u064a\u0645 \u0634\u0631\u0643\u0629 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