Ouagadougou: Prime Minister Rimtalba Jean Emmanuel Ou©draogo, standing in for President Captain Ibrahim Traor©, presided over the commencement of the 33rd session of the General Assembly of State-Owned Companies (AG-SE) on Thursday, June 26. This two-day statutory meeting convenes leading figures from public companies, government members, and representatives from control institutions.
According to Burkina Information Agency, the Prime Minister emphasized the vital role that State-owned companies and public social welfare institutions (EPPS) play in Burkina Faso's economic recovery during his opening address. The session focuses on evaluating the performance of 21 State-owned companies and 3 EPPS for the fiscal year ending December 31, 2024. Additionally, six new companies, including the Motor Vehicle Inspection Center (CCVA) and Faso Transit and Logistics (FTL), have joined the General Assembly, indicating the government's intent to bolster economic sovereignty and oversee strategic sectors.
Reforms concerning the regulation of remuneration and benefits for managers and staff of public companies were highlighted by the Prime Minister, aiming for equitable management and reduced state expenditure. The financial results for State-owned companies in 2024 are promising, with total revenue reaching 3,090.03 billion CFA francs, marking a 61.72% increase from 2023. Out of the 21 companies evaluated, 19 reported profits, totaling a net income of 120.377 billion CFA francs.
The contribution of these companies to the national budget is significant, amounting to 595.314 billion CFA francs, which accounts for 19.72% of the state's budget revenue. The three EPPS reported a total consolidated product of 396.060 billion CFA francs, with a cumulative management surplus of 212.593 billion CFA francs.
The Prime Minister applauded the efforts of the heads of State-owned companies and EPPS, urging them to continue pursuing innovative initiatives for national development. He also acknowledged the citizen actions undertaken in 2024, which have positively impacted the population's well-being.
The commitment of the State to transform State-owned companies into instruments of social cohesion and drivers of economic reconstruction was reaffirmed by the Head of Government.