The Burkinabe government announced on Wednesday the creation of the Société Nouvelle-Brasserie du Faso, abbreviated to “SN-BRAFASO”, 70% owned by the State.

“SN-BRAFASO is a mixed economy company with a capital set at six billion (6,000,000,000) CFA francs. The State’s participation is set at 4,200,000,000 CFA francs, representing 70% of the share capital. That of the private sector is 1,800,000,000 CFA francs, representing 30% of the share capital of SN-BRAFASO,” indicates the report of the Council of Ministers.

According to the same source, the takeover of the former Brafaso is a reaffirmation of the role of the strategic State within the framework of the national policy of industrial recovery.

It mainly aims to reduce unemployment among qualified young people, process local raw materials and reduce the import of beverages.

SN-BRAFASO sets itself the objectives of manufacturing and selling all industrial products, finished or semi-finished, manufacturing and selling beer, malt, alcoholic beverages, win
e, liqueur, soft drinks, fruit juices, cold storage and ice manufacturing.

It will also be responsible for the purchase, sale and processing of all products used in the operation of its industries.

The production and/or purchases of beverages, alcohol and various goods and their distribution on the national territory or their export are also part of the objectives of SN-BRAFASO.

As a reminder, Brafaso’s activities were launched in October 2004 in the commune of Komsilga by a Burkinabe individual.

The company closed in 2008 after legal troubles followed by its liquidation and takeover.

Source: Burkina Information Agency