Burkina Faso, Business

Burkina Faso: more than 81 billion FCFA of profits by State companies

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The government of Burkina Faso can rub itself hands with regard to the global net income recorded by the 16 public companies. It amounts to more than 81 billion of FCFA (approximately 162 million USD) in 2013, announced last week, the Prime Minister of Burkina Faso, Luc Adolphe Tiao (picture) during the 22nd session of the State companies meeting.

“Globally, the operating profit of our State companies is satisfactory in 2013, because all the companies are profitable. We record an accumulated net income of 81, 111 billion FCFA, increasing by 66, 6 % compared to that of 2012″, declared Mr. Tiao very delighted.

He specified that the turnover of the State companies moved from 841,224 billion FCFA in 2012 to 937,259 billion in 2013, or an 11, 42 % increase.

“In conformance with taxes and dividends, the total contribution of the State companies to the budget amounts to 28, 608 billion FCFA in 2013 against 25 billion in 2012, or a 14, 39 % increase”, he added.

The Secretary General of the Ministry of Industry and trade, Bernard Zougouri, for his part, declared that the contribution of the State companies to the constitution of the GDP is increasing between 2012 and 2013.

“The global added value that explains this contribution to the creation of the national wealth, increased by 24, 31 % in 2013 against 11, 24 % in 2012”, he justified.

 

Original text by: Blaise AKAME

 

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