Burkina Faso: State becomes sole shareholder of Sofitex, controlling 80% of cotton output

Burkina Faso approved the buyback of the remaining 5.537% private stake in Sofitex, making the state its sole shareholder. The Ministry of Industry states the company handles about 80% of national cotton production. The World Bank reports cotton is a key export sector. Authorities aim to improve governance and stabilize a strategic industry facing structural challenges.