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.
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...
Attack risks internet disruptions; investigation launched near Massakory EU-funded project aims ...
Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...
Malaysia and Kenya signed four legal instruments covering aviation, tourism, private-sector cooperation and smart-city development. Both governments...
Vodacom signed a multi-year partnership with Google Cloud to migrate and unify its critical data infrastructure. The operator will use BigQuery and...
TUI Group is opening seven new hotels across North, West and East Africa, raising its continental portfolio to 106 hotels and over 34,000 rooms in nine...
Kenya now requires the Attorney General to validate any amendment to power purchase agreements (PPAs) signed with private producers. Parliament ordered...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...