Burkina Faso: Yennenga Holding, a new strategy to make better use of public resources
During the last Council of Ministers, two decrees were adopted to create the public limited company Yennenga Holding Burkina Faso and approve its statutes. Endowed with a share capital of 10 billion FCFA, of which 51% is contributed by the State and 49% by its subsidiaries, this holding company will centralize the shares held by the State in three banks and a reinsurance company where it is the majority shareholder.
This initiative marks a strategic shift in the management of public resources. Instead of a dispersion of state holdings, Yennenga Holding will enable unified and professional supervision.
The benefits for the Burkinabe people are immediate and multiple. Firstly, better governance: by pooling decisions, the holding company will optimize the performance of these financial institutions, generating higher dividends.
These returns, reinvested in the national budget, will free up funds for popular priorities such as health, education, and rural infrastructure.
Secondly, the financing of structuring projects. The resources managed by the banks under the aegis of Yennenga loans, investments will serve concrete initiatives: construction of schools in the Sahel, modernization of agricultural markets for farmers, or electrification of villages.
Imagine thousands of young people trained through targeted microloans, or paved roads connecting production areas to urban centers. This will boost employment, reduce rural poverty, and strengthen food sovereignty, a pillar of the well-being of the Upright People.
Finally, this strategy protects the people against past wastefulness. Centralized management will minimize the risks of misallocation, promoting transparency and efficiency.
With the State as the majority pillar, profits will return directly to citizens: reduction of indirect taxes, subsidies for staple products, or investments in security to counter terrorism.
Yennenga Holding is not just a technical structure; it is a lever to redistribute banking wealth towards human development.
For Burkinabe people, accustomed to unfulfilled promises, this reform embodies the hope of an economy serving the people. Driven by bold reforms, Burkina Faso is equipping itself for a prosperous and equitable future.
Hadja KOUROUMA
