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.
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
Ghana will subsidize fuel prices by 2 cedis per litre of diesel and 0.36 cedi per litre of petrol starting April 16. The measure will last one month as...
The DRC government plans a 3.5-km, 2x2-lane urban viaduct in western Kinshasa to reduce chronic congestion. The project targets key bottlenecks,...
Mozambique, South Africa to launch digital one-stop border system Reform expected to cut delays, integrates customs, immigration, cargo...
Activist Kemi Seba arrested in Pretoria with two others Suspected illegal border crossing attempt costing 250,000 rand Faces extradition to...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...