In Burkina Faso, where insecurity heightens the risk of food scarcity, the government has decided to bolster one of its key food stock management structures. The government has approved increasing the capital of the National Food Security Stock Management Company (SONAGESS) to CFA1 billion ($1.6 million), five times its initial capital of $329,250. This announcement was made during the Council of Ministers meeting on July 3.
“The adoption of this decree aims to better address current challenges regarding market access for producers and food security management,” the government statement said.
Over 2.5 million people in the country, or 11% of the population, face a "crisis" level of food insecurity, according to the latest projections from the Harmonized Framework. Additionally, more than 260,000 people are experiencing "emergency" levels of food insecurity.
SONAGESS, a public institution established in 1994, manages the National Food Security Stock (SNS), which includes millet, maize, and sorghum, staples of the local diet. Among its other social and economic missions are managing the Intervention Stock (SI), the Commercial Regulation Stock (SCR), food aid management, supplying deficit areas, and collecting, processing, and disseminating agricultural market information.
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...
In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...
In this week’s Health News Roundup, the U.S. is tightening health aid through bilateral agreements tied to co-financing and measurable targets, while...
Ghana resolves the $750m Afreximbank dispute. This strategic move avoids default and protects the lender’s credit rating from agency...
Ethiopia seeds 2.7M hectares for summer wheat, aiming for 17.5M tons to end import dependency and save ~$1B annually in foreign exchange. High costs...
The talks reportedly aim to boost digital resilience after West Africa’s recent connectivity disruptions. The project would focus on route diversity,...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...