How the Aga Khan straightened Burkina Faso’s sugar producer Sosuco

How the Aga Khan straightened Burkina Faso's sugar producer SosucoGoogle Translate: Led by competition of imported products, the sugar plant, controlled by the holding of the wealthy businessman, is revived by an ambitious investment plan.

Two and a half years after having accumulated … 10 billion CFA francs (€ 15.2 million) shortfall, the SN Sosuco, the only sugar producer in Burkina Faso, is back in business.

“For this year, we expect a turnover of 21 billion CFA francs, against 18.5 billion last year and 9 billion in 2015”, said Mouctar Koné, its director general.

He explains this recovery by two essential elements. First, the implementation of an investment and recovery plan of about CFAF 2.5 billion per year over the period 2016-2021. With the aim of “restoring the production capacity of the plant, increasing the yield of [the] fields, while improving the energy balance and the extraction processes”, Mouctar Koné explains. The group has already invested more than 21 billion CFA francs over the past six years.

This graduate of geology, who taught for ten years at the University of Abidjan, was an officer with the miner Anglo American before landing in the Burkinabè sugar factory in 2001, to the post of Technical Coordinator.

More at the source: JeuneAfrique.com

About IPS West Africa

Author: ismailimail

Independent, civil society media featuring Ismaili Muslim community, its achievements and humanitarian works.

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